The investment pros keep getting on TV and saying that they are waiting for all the sideline money to come into the market………
By Daniel at 27 August, 2009, 11:07 pm
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I think it may not be so easy this time around. A large portion of 401k funds are owned by baby boomers approaching retirement. These are the same people that got burned in the tech bubble and then again in the housing bubble/derivative meltdown. A lot of individual investors are done with bubbles and I doubt they will be sucked into the FED liquidity bubble. Many are trying to figure out how to not lose their house, not lose their job, and not be completely broke going into their retirement years.
On top of this they are scared their health care will be compromised by Obamacare, and the ones that are still working are looking at huge tax increases to fund bailout nation. How many of these people you think will be willing to risk what little they have left on an obviously manipulated market? For a lot of investors buy and hold is history, now it’s just hold onto what’s left
Viper
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