Something to consider: the u.s. is not the entire universe. baby boomers are
maybe 75 million people. There are 6 billion others. Those boomers maybe
spent a lot but the other 99% or so of the planet is what produces the
wealth. For markets to keep declining, capitalism would have to be in the
grave.
-----Original Message-----
From: OptionClub@yahoogro
Behalf Of Sandra McMakin
Sent: Sunday, May 24, 2009 5:14 PM
To: OptionClub@yahoogro
Subject: Re: [TheOptionClub.
week?
Thanks Enrico,
I feel like I've done everything wrong for the past 10 years.
In 1993, I went to a seminar by an investment guru. He had a guest speaker -
Harry S. Dent, an economist who has written several books.
The basic premise of Dent's study is that the baby boom generation has
driven growth in the economy in various sectors in a very predictable
pattern. Now, we are at the end of the baby boom,s peak spending years and
fundamental changes to the U.S. economy will be the result. Real estate
prices are predicted to fall 40 to 60%. The stock market will sustain
another assault bringing it down to 3800 to 5000 level.
I followed that advice for most of the 1990's. Unfortunately, I didn't keep
his forecasts in mind during the past 8 or 9 years, resulting in bad
decision making.
However, I know that there are always two sides to every trade. I'm just
hoping I can be on the right side of the trading opportunities that will
present themselves in the next few years.
------------
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