Quote:
Originally Posted by Martin Smith
There's a whole slew of baby-boomers out there that are going to cash out their 401Ks as soon as the market gets anywhere near where it crashed (what was that, 14K?). Which is why it will be a LONG time before it actually does, IMO.
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Absolutely true. I'm starting to move some $$$ out of equities now in my IRA . Will very shortly be down from near 60% to below 50% in equities. Leading edge Boomers will very shortly start pulling a lot out of the market and be putting very little in.