Wednesday, August 24, 2011

As heard on CFRA

Stock Warning

The Federal Reserve Bank of San Francisco warns a sell-off by baby boomers may keep stock prices low for years. It says those born between 1946 and 1964 are beginning to retire, just as the stock market is starting to recover from the financial crisis. The Federal Reserve Bank says the timing is disconcerting since stock prices are closely tied to demographic trends for the past half-century.

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