Baby Boomer 401k's liquidated

The effect would be offset by others recognizing their selling as an opportunity to buy.

Quote from mokwit:

A point made by someone on another board - Baby boomers are at the age where they can't risk capital losses and having experienced or seen what happened in 99-2001 they could liquidate their 401k stocks en masse.

Any thoughts
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FWIW, it takes about 30 seconds at FIDO to liquidate all your 401K funds into cash. No big trauma. I did it over ayear ago. Early, but not sorry. With cash returns at 5% at the time, where was the incentive to take price risk with the S&P paying 1.6% average dividends?
 
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