Hi,
Many articles I read said that boomers don't need to sell stocks to fund their retirements. They will just give most of it to their children. Therefore keep buying more stocks (whoever is reading the article). To me, it sounds like it was written by pro-stock people in the equity industry who benefit from people buying stocks e.g. stock brokers, financial advisors, etc. Not every boomers is rich or generous enough to leave most of their wealth to their children. Some will sell to pamper their golden years. I just wonder if they would sell enough to make the stock price drop to a reasonable price again (like when they bought a few decades ago, not dollar wise but PE ratio and other stuff). The current price is way way overvalued by any measures. I believe the selling would accelerate more once they need LTC, long time care. It's expensive to have nurses around your 24/7.
Just curious to hear you guys' views on this topic.