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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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<blockquote data-quote="VegasMichael" data-source="post: 16829460" data-attributes="member: 105950"><p>^I wouldn't be at all surprised to see the DOW drop 5,000-6000 points from here. As an aside, a huge wealth transfer is beginning to take place as well. Elderly Boomers are passing on and leaving their equities to younger generations, many of whom have soured on stocks since they haven't experienced bear markets and who have been priced out of the real estate market. Many of them will be converting some/all of those equities into bonds, cash or cash equivalents and dipping their feet into the housing market--some of whom will be able to make large down payments or pay cash for the property as a result of converting those said equities into cash and avoiding what they consider high interest rates.</p><p></p><p>Fasten your seat belts, y'all.</p></blockquote><p></p>
[QUOTE="VegasMichael, post: 16829460, member: 105950"] ^I wouldn't be at all surprised to see the DOW drop 5,000-6000 points from here. As an aside, a huge wealth transfer is beginning to take place as well. Elderly Boomers are passing on and leaving their equities to younger generations, many of whom have soured on stocks since they haven't experienced bear markets and who have been priced out of the real estate market. Many of them will be converting some/all of those equities into bonds, cash or cash equivalents and dipping their feet into the housing market--some of whom will be able to make large down payments or pay cash for the property as a result of converting those said equities into cash and avoiding what they consider high interest rates. Fasten your seat belts, y'all. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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