This period is approximately the same as the period from 1965 - 1975. During that time, the market was bound within a wide range for a long time, until finally it broke in 72 - 74. Volatility increased and then collapsed.
I figure it'll be similar this time, for the same approximate reason: at that time, as the baby boomers came out of their teens and into their twenties, they either went to college and then looked for a job, or looked for a job. In the first case, their parents had to shell out money to educate them first, and some of that money had to come from the market. Then society had to find a place for them. In the second case, society had to find a place for them, which was OK until you had the overhang of the soldiers drafted for Vietnam hitting the bricks at the same time as the normal demand from the demographic pressure, which of course happened at the same time as the oil crisis and Watergate.
This time, the children of the boomers (the "echo") are going to college and getting a job, or just getting a job. Just like back then, this means the parents have to shell out money for their education. A lot of that money has to come from the market. Pile the housing crisis and the commodities boom on top of that, and the picture doesn't look good. I figure volatility will rise as we lurch around, pulled up by some Fed action and then down by reality.
Bull market in volatility, but not much else.
I figure it'll be similar this time, for the same approximate reason: at that time, as the baby boomers came out of their teens and into their twenties, they either went to college and then looked for a job, or looked for a job. In the first case, their parents had to shell out money to educate them first, and some of that money had to come from the market. Then society had to find a place for them. In the second case, society had to find a place for them, which was OK until you had the overhang of the soldiers drafted for Vietnam hitting the bricks at the same time as the normal demand from the demographic pressure, which of course happened at the same time as the oil crisis and Watergate.
This time, the children of the boomers (the "echo") are going to college and getting a job, or just getting a job. Just like back then, this means the parents have to shell out money for their education. A lot of that money has to come from the market. Pile the housing crisis and the commodities boom on top of that, and the picture doesn't look good. I figure volatility will rise as we lurch around, pulled up by some Fed action and then down by reality.
Bull market in volatility, but not much else.
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