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On 8/16/2014 1:45 AM, Boating All Out wrote:
In article ,
says...

On Tue, 12 Aug 2014 00:35:02 -0400, Wayne.B
wrote:

On Mon, 11 Aug 2014 13:16:58 -0400, wrote:

The stocks are not
just paper, they represent actual ownership of some darn good
companies and a claim on their earnings and free cash flow.

I know that is the theory but there is a lot of air under most of the
stock prices these days.This has a certain Ponzi aspect too. As long
as more money coming in than is taken out, it does OK.
If there is a significant net loss of money coming into the market it
will crash pretty fast.

===

You're entitled to your opinion of course, and there are no doubt some
over inflated companies out there along with a handfull of outright
frauds not yet discovered. On the other hand there are also some
real captains of industry who make real products and sell them
worldwide. I'm thinking of names like GE, IBM, Intel, Apple, Cisco,
etc. These are companies that not only make solid products and sell
them well, but they also have provable positive cash flows and pay
dividends. There are many others of course, and there are also many
companies in sectors such as energy and transportation with very solid
fundamentals and positive cash flows. Cash flow is a good indicator
because it is real, easy to measure and not easily subject to
accounting slight of hand.

I just think the whole market is way overdue for a correction no
matter what and if you have 30 million boomers liquidating their 401ks
there will be an impact on the market.

What makes you think 30m boomers have 401k's? That's ridiculous.
The total 401k participation is about 50 million. And why would they
suddenly liquidate it? Besides, most retirees depend on SS, and the
wealthy ones pass equities to their heirs.
And the 401k market is a small part of total equities from what I can
find out. Funny how the numbers business guards their numbers.

The grand daddy of al mutual funds is 60% held in 401K plans.
The Gubmint requires systematic liquidation beginning at age 70 1/2

--
"I predict future happiness for Americans if they can prevent the
government from wasting the labors of the people under the pretense of
taking care of them".
Thomas Jefferson

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