> In a few years, this movement of baby boomer money into safe havens should drive down both the price of stocks and the yield on bonds. > ~Alypius Skinner
No, for two reasons: 1) Many who retire will not sell all their stocks. If they get an annuity, the stocks are just transferred to the insurance company. The reality of p=r/i will in the long run prevail. 2) Stock markets are increasingly global, and if there is good value in US stocks, Asians and Europeans will buy them. Fred Foldvary ===== [EMAIL PROTECTED]
