Readers of my blog know I generally feel that supply and demand is driving the stock market and not economic fundamentals. There are only a finite number of stocks available, so if more money gets invested, the market generally goes up. Money comes out, stocks go down. The one thing I didn’t consider is the impact of the baby boomer generation. A recent article pointed this out and I kick myself for not realizing this since I am a baby boomer myself!
The article’s author states: Read more