I'm starting to think there's more than a few boomers looking to get out and get out quick. Sell their overpriced house. Sell all their stocks. Get into cash and bonds. Raise cash quick. Especially the ones who never saved for retirement - their remaining home equity (what they didn't raid the housing ATM of) being their only asset of substance.

So, once the bommer selling momentum kicks in, how bad will it get for asset prices?

The boomers (as represented by their incompetent and corrupt leadership) have already been the worst generation in US history, with their overall self-serving, greedy, reckless and arrogant ways. Adding a stock market and real estate collapse to their CV will only inflame the fires of the generational war to come.

Will the stock market crash when the boomers cash in? Some baby boomers would get hurt if the stock market slumped as they approached or entered retirement. But what about this scenario: Could the impending retirement of millions of boomers by itself cause a meltdown in stock prices?

The question has dogged some market observers ever since demographers noted the approaching retirement of 78 million Americans born between 1946 and 1964. As boomers leave the job market, the thinking goes, they will liquidate their stock holdings and mutual funds en masse to make ends meet, and the selling could push the market into a tailspin.

GAO researchers noted more boomers own homes than stocks, and boomers carry high debts compared to previous generations. Both factors could make many members of this broad generation vulnerable to housing-price trends.

"This suggests that a price decline in housing," the researchers wrote, "could have a much greater impact on the overall wealth of boomers."