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Sounds kind of dirty, right? Actually, it's because of a clean visual that technical analysts use this term. Technical analysts like charts (hence their nickname of "chartists"), and they like to give certain patterns they see neat little names.
Such is the case with the double bottom, which looks on a chart like, well, a double bottom. Think of three mountains (on a chart reflecting a rise in values) separated by two valleys (representing dips in value). The troughs of the valleys, and the size of the first two peaks, are generally the same, so the chart looks like the letter 'W.' The appearance of those two valleys represents a double bottom.
So what? Well, if you're one of those folks who believes in the power of the charts, seeing a double bottom suggests a long-term trend is about to reverse. So, if a stock chart shows shares falling for several months, then seeing a double bottom, chances are good (according to the chartists) that the shares will rise. And vice versa.
But, beware: charts can be a great tool, but they're more art than science. Use any charts with caution.
Home / Markets / Industries / Industrials
Wednesday, February 27, 2008
Retirees: City Slickers or Country Bumpkins?
Kathryn Vasel
FOXBusiness
As the first of the baby boomers start applying for Social Security checks, the country is about to experience a wave of
those looking to settle down for their golden years. And there’s one big question facing many of the to-be retirees. Where
to?
According to AARP, people usually choose to stay put after retirement. And if they do move, it’s usually to be
closer to family. But this isn’t your grandmother’s retirement.
“This new wave of retirees have higher expectations for an active life outside the bingo home, they are looking for stimulation, they will be going out with their friends for a night out on the town,” said Kyle Ezell, author of Retire Downtown: The Lifestyle Destination for Active Retirees and Empty Nesters.
The number of Americans over age 50
is expected to triple in the next 10 years. That increase means a larger retired population in most U.S. cities, as today’s
50-and-over crowd seeks convenience and close proximity to health care and entertainment, according to CityRetirement.com.
“There
is a growing percentage of empty-nesters who have lived in the suburbs all their lives and are ready for the action they’ve
been craving,” said Ezell. “It’s a niche market for those ready for fun and entertainment.”
While cities aren’t specifically
taking steps to appeal to the retired market just yet, the private sector is heavily marketing to the empty nester, Ezell
said.
City living offers retirees a plethora of advantages, and amenities associated with the city lifestyle makes
them senior friendly, according to experts.
It’s all about having easy access to just about everything when it comes
to retiring in the city.
“It’s realistic that post retirement you will be dealing with more medical issues on a long-term
basis and making far trips for rehab and other facilities isn’t feasible,” said Staci Elder Hensley, a medical writer who
specializes in senior issues.
And, as retirees get older and driving becomes less of an option, proximity, proximity,
proximity becomes a major selling point.
“People like the idea that they can walk out their door or hop on public
transportation to get to a theater, museum, restaurant or shopping mall,” said Elinor Ginzler, director of livable communities
at AARP.
Arms Properties CEO Rajesh Lahoti said his company saw an underserved segment in the housing community, which
prompted his company to build Ibiza--a hybrid home that aims to attract younger and retired renters.
The hybrid-home
is designed to meet the needs of empty nesters and young urban dwellers by bringing the best of the urban and suburban markets.
The Columbus, Ohio building has 144 units--34 of which sold in six weeks from a private client list. The cost of a unit ranges
from $119,999 to $1.5 million. Lahoti said the building is a good blend of what appeals most to seniors: the ability
to walk to different locations.
“They watched Friends, Cheers and Sex in the City on TV and they want to live that lifestyle,”
said Lahoti. “They want the amenities of an urban high rise such as a swimming pool, health spa, yoga-pilates classes, and
concierge, but they also want the security of the suburbs like secured parking, parks, pets and neighbors--someone to borrow
a cup of sugar for a recipe.”
Lahoti said the retired population is the future of business in America for several years
to come.
“They are mobile, have disposable income and are ready to spend it on themselves,” he said. “They want to
reclaim their lives after a fun yet complete period in the suburbs.”
As far as the best cities for retirees to move
to, Portland tops the list, according to Bankers Life and Casualty Company and AARP.
“We have a very livable downtown
with a lot of residential condos perfect for retired couples,” said Megan Doern, communications director for the Portland
Business Alliance. “All the venues and events they would want to attend are walkable.”
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