catastrophic stock market correction in three... two... one...
A good friend of mine pulled out of the market several months ago, but he just made a sizable cash withdrawal from his 401k so he can snap up bargains next year. Also a number of companies have large amounts of cash that they are just not spending.
How much of the “pulling out of the market” has simply been the unemployed cashing in for living expenses?
Sure the government is doing exactly the wrong things to give the market confidence.
If the government wanted the market to recover they would cut government spending and put a moratorium on new regulations. They would start an initiative to repeal unnecessary and duplicative regulations.
It certainly would help to repeal Obama Care!
Make it cheaper and easier to run a business and the market will recover like gangbusters.
Please explain to me why the dow remains over 13K ?
I am pulling out every penny on the date I am allowed out of my Roth IRA without a penny, in January. I just hope it’s before the Crash.
Expect a bunch of this stuff comming from AP prior to the seizure of 401Ks..
“The dividend discount model (DDM) is a way of valuing a company based on the theory that a stock is worth the discounted sum of all of its future dividend payments”
The only way to make money on stocks is this. It takes a huge investement, but low risk and reasonble return. Riding the stock prices is a gamble. Nobody really wants to gamble that has any sense.
I got out of the market a while back after it dawned on me that it is nothing more than a game for “the big boys” since they have the ability to manipulate the market by high frequency trades and massive machine generated trades.
If (and when) the crash comes it will be within a heart beat and the average investor will not even have a chance to sell their investments while the bottom drops out.
Overnight trades were the ones that scared the hell out of me and one day millions of investors will go to sleep and wake up the next morning to the fact that the market collapsed while they slept.
No, my money is in my hands...not tied up in some manipulated scam that is not even based upon the old way in which stocks were actually valued upon the company solvency, net worth and future value.
Stocks are a very dangerous game to play today.
All part of the plan to get us to happily sign over our 401K’s to Theresa Ghilarducci’s Great National Pension Scheme when it is proposed.
religious overtones? The article used 'gospel' once, and cult a few times. They clearly are used in a metaphorical sense, not a theological one. And it was 'gospel of investing' and 'cult of equities', so they were in reference to Wall Street, not the government.
I'm also sure the 'swinging for the fences' comment did not refer to anything going on at Yankee Stadium.
You might as well hang up your rhetorical spurs if you can't handle such metaphors.
In any case, this an AP story, short on facts and long on interpretation. The whole point is summed up in the fact that fewer folks trust our government or other governments, and almost nobody trusts Wall Street.