Posted on 05/31/2013 1:31:14 PM PDT by blam
http://www.freerepublic.com/focus/bloggers/3025906/posts?page=7#7
I moved IRA from Pershing LLC to FOLIO Client Institutional, with same wealth mgr, so no tax penalty.
I'm getting in, pretty big (for my portfolio). I've been able to buy in two really down days, which is terrific.
i don’t have the money any more to invest in market; i’m in retirement now.
with O in office, I’m having to use my 401K money. O is destroying the middle class.
” 15K with a 200 pt drop isn’t even 2%”
Correct
But your 401(k) money is invested in something. What is it in? Stocks? Bonds? Cash? REITS? Mixed?
I'd say a thousand point drop in a week would just about do this. It would snowball and be self-sustaining.
I dont care, all my money is in tulip futures.
Every fiat currency in history has failed. Every. Single. One.
You are wise. My idea of home liposuction kits is just not taking off.
Sell in May and walk away mentality.
Use stop loss sell orders....Sell short if the market corrects...It is the down 500 or 1000 points in. A day that will kill you...never listen to your stock broker if you have..I lost a lot years ago ...when in doubt get out
http://lenpenzo.com/blog/id17707-economic-collapse-101-what-will-it-look-like-and-how-it-may-start.html
When I turned CNBC off about 45 min before the closing bell. Dow was down about 95 points then. Maria was already readying her Market highlights.
Showing may age, I can remember when a 200 pt. drop was a big damn deal.
It's actually long overdue. If people take some of those profits, federal income tax revenue will soar, and the feds can stop whining about needing more taxes.
Japan (world's 3rd largest economy) is hanging by a thread. I have said for a long time that this market is way overvalued, and I wouldn't be surprised to see a 50% correction. Biggest question now is which domino will fall first. Japan, EURO drop, China bond liquidation, or it may be as simple as 2 or 3 Big name DOW stocks significantly missing earnings targets.
Still, I disagree with the doom and gloomers of a STHF scenario. The 50% correction that could happen can be tempered with wise investing. There is a big difference when your portfolio drops 30% vs. 80%
I’m wearing out the grass under my favorite jumping window...
Summer’s here again. The Fed is not staying tight this time, but the shorting propaganda is noisy and all over the place. I don’t see fuel prices being successfully held down for tourism and recirculating debt, yet, though, as in the last two summers. Besides, tourist destinations put a damper on their hopes for big revenues this summer by passing more gun control laws and other socialist outrages.
Never can tell for sure, but the fluctuations and general upward trend in the funny markets might continue until after rates are hiked (maybe next year or more likely the year after). Then, for sure, it’ll happen.
BTW, there are already fire bans on in the West, as the drought continues (besides the opportunity to pop tourists for big ca$h in fines). No outdoor cooking, no recreational firearms discharges, etc. Huge numbers of police extras are out in huge numbers to get their part of the revenues from traffic violations, any sign of legalized drugs (see drinking, domestics, etc.), drinking, yelling, anti-government/sexist comments and so on.
Enjoy the tourism slide.
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