Boomers Could it be that there is a hidden engine of death driving the millennial bull market? The idea's simple: As the 90s wore on, more and more of the boomers' parents died. Their parents were a generation that saved, not invested. Their money was socked away in: 1) banks, On their death, the social security money is gone. But the rest of it was passed on to their children, the Baby Boomers. And what did the boomers, yuppies all, do? Well, after buying an SUV or two, they put the remainder (where else?) in the stock market. If this is correct (and unfortunately, I haven't found any economic research into the possibility--somebody needs to get on this), as the final group of boomer moms and dads pass on in the next decade, the bull market may become even more wildly and unpredictably bullish. Could be that we ain't seen nuthin yet. |
