Baby Boomers Go Bust


Dear Daily Reckoning reader,

For most of their lives, Baby Boomers have been living in a dream
world of peace and prosperity. On September 11, 2001, that dream
became a nightmare.

But long before terrorists destroyed the World Trade Center,
America's Baby Boom generation was already in big trouble. They've
bought big houses, big SUVs, big TVs... and big mortgages, too. Now
they're cutting back. And both the economy and the markets are going
to pay.

And maybe even you.

As a reader of The Daily Reckoning, you are probably aware that I
began writing daily about these market excesses just over two years
ago... but I've been a publisher of financial advice for more than 20
years.

And I've got to tell you -- I've never seen anything like this.

While companies are lining up to blame poor third quarter results on
terrorists, it's clear -- the World Trade Center attacks only
accelerated what's shaping up to be the most aggressive stock market
correction in history!

Still, Wall Street shills tell you,"the markets can't go any lower."
Famed Goldman Sachs analyst Abby Joseph Cohen still sets her target
for the S&P 500 about 35% above where it is today.

I'm sorry, but"investment advice" like that is what has left
investors $5 trillion poorer already. Trouble is, as the Boomers age,
there will be much bigger losses. Our estimates indicate another $7
trillion will go down the tubes...

But it doesn't have to be your money. Readers who have been with me
for awhile saw the tech collapse coming. And many of them made money
hand-over-fist while the indexes crumbled. For example, had you been
a reader of The Daily Reckoning and decided to short these stocks
after I panned them, you'd be:

Up 99% on Internet Capital Group
Up 95% on MicroStrategy
Up 93% on TheStreet.com

In fact, on average, stocks I said were headed for trouble have lost
46%.

Of course, The Daily Reckoning is not all gloom and doom. I also
suggested cash-rich Old Economy favorites like:

-- Powell Industries, up 135%
-- Armstrong Holdings, up 107%
-- Cabot Corporation, up 102%
-- Ratheon, up 86%

...even while the Dow is down 24% and the Nasdaq is down 64%. Perhaps
that's why one reader wrote to tell me he thought there was"more
sense in one [Daily Reckoning] e-mail than a month of CNBC," or why
another wrote to say:

"Each and every business day I sit down and read Bill Bonner's daily
'investment lesson.' I can't begin to tell you how much I've learned
and how valuable I think his words of wisdom are. I put Bill's wisdom
on par with the wisdom of Warren Buffett, thought by some to be the
greatest investor of our time." -- Jim Gibbons

But while I muse about these companies in the free service, I rarely
tell exactly what to expect... when to buy or sell. That's why I'm
writing to you today.

I've included a link with this e-mail to a free special report
called,"Mean New World." You'll see that throughout the '90s, while
the Baby Boom generation thought they were getting rich in a world of
permanent peace and prosperity, in reality they were getting poorer
and the world was becoming a very dangerous place.

You'll also learn ways to protect yourself from the coming collapse.
And how to make money from investments far away from the disaster on
Wall Street. In the report you'll be given an opportunity to join me
in a subscription to The Daily Reckoning Investment Advisory... or as
we like to call it, the"Blue Service" -- the service I've developed
to follow through on the ideas you read every day in The Daily
Reckoning.

Fact is, if you're listening to the shills on Wall Street -- or
taking your investment advice from the mainstream press -- you're in
grave danger. That's why I urge you to read our special report
immediately.

Regards,


Bill Bonner
Publisher & Editor, The Daily Reckoning



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