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paddington bear

18,143 Posts.

7988

15/05/18

14:39

Post #: 33107113
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Originally posted by CaptainGrumpy ↑

Well the thing is most retiree's (or those approaching said milestone) have been forced into equities over the last 30 years due to falling interest rates, in particular the last decade with perpetually low rates and a lack of "low risk" alternatives. This is more prevalent in the US than here as most here as we've had (to date) the relative safety of property underpinning our asset bases post 2008. When a perceived safer alternative comes along, i suspect US boomers might take it, particularly if their share portfolio's start to fall rapidly....2008 although 10 years ago is still fresh in the mind. I wonder what percentage of the overall stock market is held by boomers? I bet it's a lot, particularly in the US. Really don't want the stock market to fall much further than here or it could be a very quick cascading event.

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Well I am certainly not happy about the way our market has behaved today. BHP a top performer and forms a little head and shoulders top. A line that has supported trading for ten days has been broken. Indicators overbought. I think I am about to get the correction I was looking for for early this week.

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