When does the baby boom stop investing and start drawing down their money?
We’re talking about a 10 to 15 year window. But then, of course, if everybody figures this out at the same time and pulls their money out five years from now, then it will happen much sooner. I want to emphasize that this is not a proven theory; there’s certainly a possibility that we could have a bear market before that, and there’s also the possibility that the market could keep going up after we pull our money out, if the conditions are exactly right, with earnings and interest rates, and so forth. What do you think of the proposal to put Social Security funds into the stock market? Could that provide the injection of investment dollars to keep this bull market going? I saw something on the Internet that said something like, “Boy, if you think it’s great now when middle-class people are throwing billions into the market, just wait till social Security gets in there and throws trillions in the market.” That’s exactly the kind of attitude that I think represents the pride that cometh
