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"<FONT
face="Courier New" color=#000000 size=3>the Ygeneration is sharper and less
naive than my generation, and won'ttolerate nonsense or unprofitable
pursuits"
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face="Courier New">
It seems the Y
generation has been raised in an atmosphere of raging bull markets, over
inflated stock options and flashy advertising. They will be more
consumption oriented because they've grown up in the face of
unparralled mass marketing efforts (television, etc) than any
generation before. Collectively Y generation types will be as strong if
not stronger consumers than prior generations. They'll be more
risk-tolerant, more fashion concious (gravitating to what's
fashionable) and willing to pay up for the coolest gadgets. They'll
be willing to bid prices up to get what they feel they're entitled to.
That's been the trend at least and what's to stop it as parents teach their
childern, who in turn teach their childern and so on. Couple that with
more and more marketing (tv, internet, radio, and who knows what in the future)
and what's going to reverse the trend?
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size=2>
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-----Original
Message-----From: John Nelson
[mailto:trader@xxxxxxxxxxxxxxx]Sent: Sunday, December 30, 2001 7:57
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT] Re:
S&P Long Term - bull/bear?
Each successive generation (and by the way, "generations"
do not arrive atdiscrete times but are constantly emerging) will IMHO be
more and moreconsumption oriented. The "me" generation that grew up
in the 80's isnow entering the workforce and will be spending their own
disposableincome to feed their need to wallow in tangible goods and
superficialentertainments.The Y generation (again IMHO) has
experienced little in the way ofeconomic, social or political difficulties
and although they face theirfutures with optimism, I suspect they are
spiritually and intellectuallyunprepared for serious economic or financial
pain.A friend of mine disagrees, pointing out that in his experience,
the Ygeneration is sharper and less naive than my generation, and
won'ttolerate nonsense or unprofitable pursuits, making them very
shrewdconsumers and workers.Well, we shall see but its obvious
that I have my doubts.-- JohnOn Thu, 27 Dec 2001,
bondo92677 wrote:> I used to always think the boomers ruled.
It worked in assessing the> demand led wage spiral 70s, homebuying 80s
and investment boom 90s.> But lately I've realized that Generation Y
(those born between 77-95)> far outstrip the boomers in sheer number
and will make up a third of> the US population by 2020. These
teenagers will be soon be entering> the workforce and will be huge
consumers. Could be the mid 60s all> over again.--
__________________________________________________________John
T. Nelson |
John's Trading Journaltrader@xxxxxxxxxxxxxxx | <A
href="http://www.computation.org/";>http://www.computation.org/__________________________________________________________
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