Zeev's Turnips Patch-No Politics (ZEEV)

[Cincy Trader]

The market doesn't really need one. If you're in the bubble building business which, of course Wall Street is since fortunes are made in bubbles, it's about demographics. This is the last chance to build a bubble for a while. The boomers are going to start retiring in waves shortly. When they do, it will bring Social Security down. So, the government must do something to save the system. Answer: tie benefits to net worth. Meaning that the retirees who have any money will get nothing from SS and will have to start pulling cash out of IRAs in a big way. No longer will they be relentlessly plowing 401K money into the market, but they will become massive net redeemers.

Conclusion: there is only a few years left to build another bubble after which there will be a 10 - 15 year period where it just won't be possible.