You mentioned that in 18M, cash strapped baby boomers will start cashing out. I don't beleve we will see that drastic cash withdrawal you are referring to. The oldest boomers will turn 65 in 18M. The cash strapped early boomers have already been selling their stocks since they turned 59-1/2 (2007). Actually, the boomers are currently at their peak earning years (43 - 63) and pouring cash into the market.
I love your comment DC. Do you think there is any hint of delevering that our economy needs to go through, or is it all done? Is it just staight up from here? Do the 10% unemployed spend like they used to? Credit is more rare than a Bigfoot sighting. Do the rest of us obtain credit and spend like we used to? Do you honestly believe after 50% of the average person's nestegg dissappeared, they are going back in 50-60%+ into equites knowing they only have a few years of earning power left?