Niagara Gazette

Columns

November 20, 2012

CONFER: Why stocks are higher than expected

(Continued)

Niagara Gazette — So, that leaves the stock market as the only legit outlet for retirement and investment, especially for those in their 30s and 40s. The markets rose like a phoenix because of an ongoing influx of cash by private investors, 401(k)s, public sector pension plans and more. Due to job losses and other ground level economic issues – such as Baby Boomers who are coming of retirement age, pulling money out and socking it away in ultra-conservative notes and bank accounts - the annual input may not be as high as it was in 2007, but nonetheless, it continues to the tune of hundreds of billions annually. Any system receiving such an influx of cash is certain to prosper, no matter the conditions.

Gasport resident Bob Confer also writes for the New American magazine at thenewamerican.com. Follow him on Twitter @bobconfer

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