Posted on 01/28/2014 7:24:21 AM PST by struggle
Then it will be mentioned in the State of the Union speech:
"Why, our economy is so strong, the DOW has repeatedly topped 16,000 making it 2X the amount it was 5 years ago."
The new dvd of It’s a Mad, Mad, Mad, Mad World.
Many 401k options have precious metal markets, but I think I’m going to stay in and see what happens. I still think over the long term it’s the best investment, and if all hell breaks loose, we will all have bigger problems than what we lost in the stock market.
This is my trouble, too. I don’t know what to do with my 401K.
Fabulous movie!
The Federal Reserve will call its member banks, and tell them to make it so.
The guy Neil had on last night was expecting 10-20% correction.
Does Sleezy Preezy think people will really be so gullible as to believe that the stock market bubble means the economy is OK?
If he mentions the Dow, it will be in the context of “income inequality.”
Dow = Yoyo
A money market fund is essentially a “cash” option for your money, and it earns a tiny bit of interest in there. If you want to get out of your stock or bond funds, you could put it there. In fact, it may be the “default” place for money to go into when you sell any fund holdings.
It’s not 100% risk-free. See this: http://www.investopedia.com/articles/mutualfund/08/money-market-break-buck.asp
But a money market fund is not like stocks or bonds that regularly fluctuate in value. It is generally considered a “safe” place to park your money.
When it started falling last week, I went in an bought some ETF's (bought some QQQ yesterday at the low) and was hoping it would return to the mid-16,000's in the next few weeks.
But you never know.;-)
Y'all best figure that out, right quick, because I assure you that 0bama and Reid know EXACTLY what to do with your 401k.
Actually, despite all Obama's efforts to screw up the economy and the country, the economy is still indicating a lot of underlying strength.
Were it not for Obamacare, many small businesses I talk to would hire.
Breaker Morant, IIANM.
Really enjoyed that movie.
There’s considerable resistance at the 15,928-30 level. The market keeps bumping up against it put can’t seem to push through.
companies are doing stock buybacks to prop up their values and eventually go private and away from regulators.
Caterpillar just announced a $10b stock buyback, but I think don’t think they plan to go private. Management probably just thinks their shares are undervalued.
The trend is up and there are institutional investors who will want to be back in before the day ends just in case it opens up tomorrow.
I just checked after hours trading and the DOW is at 15,950 as of 9:05 pm.
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