Here is another way to think of this.
You are always 100% invested - the trick is whether it is in the markets or in cash. Think of that carefully when tempted to time markets (whether its appropriate to be X% in cash).
Do you think most boomers will 'rush' to empty the market and be invested in low-return vehicles with inflation knocking on the door?
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I think the rush to cash out will be when boomers less conservative (spend-thrift) children inherit the money
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Which will stimulate spending, and therefore economic growth, which may prop up the market?
Nobody knows
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