To the extent the market is not aware of it, the market is going to look particularly strong. There will be disappointing news in the near future once the Katrina boost abates, just not next week. |
Undoubtedly, the retirement of the baby boom generation will strain the economy and its financial markets. The strain, though clearly present, will fall far short of the urgency and degree voiced by some of today's more pessimistic forecasts. |