RE: Stocks will Fall as Baby Boomers Cash OutI am a baby boomer and fired my borker in 2000 after the shrimp decided to try and pawn off bunk call optins on Nortel that Scotia Bank was stuck holding. Then I learned to do all my own investing on-line. Older folks used to like reading newspapers for their stock info or worst case - getting updates from their borker. Now I see many other boomers have found out how to use computers, trade on-line and even play video games or even Texas hold'em. Can't imagine giving up so much fun and have been on the computers even more in my retirement than ever have before.
This observation that boomers retiring is a call to the idiotic amateur shorts that will fuel the markets to new highs when they try to guess the tops! Young whipper snappers have not learned a thing about the goons that play games with your mind. Old folks most certainly would rather manage their money in the markets until the day they die. The opposite will happen as it does not take much physical energy to buy & sell some investments. Collecting rents, fixing the furnace or calling the plumber - that might require a little scaling back for those that manage multiple properties. Assisted living stocks will power higher. Medical stocks & pharma will consistantly move upward.
I find that the older you get the more you want to leave behind something your blood relatives can remember you by... thick purse.