Millennials gonna be the fall guys

Valuations on Wall Street may be stretched by a number of metrics, but that’s not stopping the market’s youngest investors from thinking that now is a good time to jump in.According to a quarterly investment survey from E*Trade Financial ETFC, -0.05%nearly a third of millennial investors—defined as ones between the ages of 25 and 34—are planning to move out of cash and into new positions over the coming six months. By comparison, only 19% of Generation X investors (aged 35-54) are planning such a change to their portfolio, while 9% of investors above the age of 55 are planning to buy in.