I have noticed this phenonomenon also. Older individuals tend to be more bullish. I don't know if it is wisdom or conditioning. This is a good write up talking about various older and younger investors.
Old bulls versus younger bears. This could be entirely coincidental. Has anyone noticed that bullish sentiment seems correlated with age?
The most prominent U.S. stock market bull to surface in recent days is highly respected Mr. Buffett, who was born in 1930 and grew up during the Great Depression years.
If the younger bears are wrong, this is the reason.
One interpretation is that the older generation, having closer first-hand experience with the crash of 1929 and economic hard times during the 1930s, have a deeper appreciation for today's unprecedented government efforts to stem the current financial crisis before it reaches depression-era proportions.