Since the beginning of 401ks, the yearly amount being locked away exceeded the amount being cashed out. Thanks to baby boomers retiring, a couple of years ago that reversed, and will stay reversed for the rest of our lives.

The first condition creates a natural headwind to increase stock values. The current condition will reverse that.

But generational wealth is increasing, as boomers die their kids get the money...which they then reinvest. The money doesn't just disappear.

That's why they invented cocaine.