WOW 14000 DOW

Started by Vern, February 01, 2013, 05:20:37 PM

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Solar

Quote from: supsalemgr on April 13, 2013, 04:39:37 AM
The market will continue to thrive as long as there is free money from the Fed. My guy and I were talking this week and he advised he thought it was time to take some profits.
Or all you profits and holdings as well.
That's the problem with bubbles, if something signals a warning and people panic pullout, the bubble pops.
One has to determine how much they are willing to lose in a mkt like this.
You're right, as long as it's propped up, the gamble isn't all that big, but even the Fed can't control human nature of panic selling, if a consensus forms that the bubble is too big, a sell off could dissolve all profits and leave you with a worthless piece of paper.

Personally? I'd have gotten out long ago, no profit is worth the possible loss that many will experience when the whole pyramid scheme collapses.
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kramarat

Quote from: Solar on April 13, 2013, 05:05:57 AM
Or all you profits and holdings as well.
That's the problem with bubbles, if something signals a warning and people panic pullout, the bubble pops.
One has to determine how much they are willing to lose in a mkt like this.
You're right, as long as it's propped up, the gamble isn't all that big, but even the Fed can't control human nature of panic selling, if a consensus forms that the bubble is too big, a sell off could dissolve all profits and leave you with a worthless piece of paper.

Personally? I'd have gotten out long ago, no profit is worth the possible loss that many will experience when the whole pyramid scheme collapses.

I don't see a lot of choices for us. My wife has a 401k that is doing fairly well...getting close to $100k. There is just no place else to put it, plus, if we take it out, taxes and penalties cut it in half.

On the other hand, it got cut almost in half during the bust, and it's back up. The way I figure it, if Obama makes the dollar worthless, everybody's dollar will be worthless. Collective misery. I'm glad we don't require much to be happy. :unsure:

Solar

Quote from: kramarat on April 13, 2013, 06:04:41 AM
I don't see a lot of choices for us. My wife has a 401k that is doing fairly well...getting close to $100k. There is just no place else to put it, plus, if we take it out, taxes and penalties cut it in half.

On the other hand, it got cut almost in half during the bust, and it's back up. The way I figure it, if Obama makes the dollar worthless, everybody's dollar will be worthless. Collective misery. I'm glad we don't require much to be happy. :unsure:
You need to contact a CPA or get some real financial advice so you can move it without penalty to a safer haven, maybe land or something.
Even the penalty for cashing in might be worth the loss now as opposed to.....
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Bowhntr

Quote from: kramarat on April 13, 2013, 06:04:41 AM
I don't see a lot of choices for us. My wife has a 401k that is doing fairly well...getting close to $100k. There is just no place else to put it, plus, if we take it out, taxes and penalties cut it in half.

On the other hand, it got cut almost in half during the bust, and it's back up. The way I figure it, if Obama makes the dollar worthless, everybody's dollar will be worthless. Collective misery. I'm glad we don't require much to be happy. :unsure:

Just move the money in the 401(k) to a different fund inside the 401 system, like a stable money market etc.  That will insulate the money against wild market fluctuations.  Of course the return is not as good but that is the trade off.

Solar

Quote from: Bowhntr on April 13, 2013, 07:21:46 AM
Just move the money in the 401(k) to a different fund inside the 401 system, like a stable money market etc.  That will insulate the money against wild market fluctuations.  Of course the return is not as good but that is the trade off.
Definitely leaps and bounds safer than the stock Mkt.
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kramarat

Quote from: Bowhntr on April 13, 2013, 07:21:46 AM
Just move the money in the 401(k) to a different fund inside the 401 system, like a stable money market etc.  That will insulate the money against wild market fluctuations.  Of course the return is not as good but that is the trade off.

The money is in fairly low risk areas, and isn't dependent on the US stock market. 3 year return is around 8%.

My biggest worry isn't the eventual bust of Obama's stock bubble, but that he's going to find a way to take the money away and force us into some kind of federal retirement fund.

We are running out of places to hide from the Obama dictatorship, and it scares me. :sad:

simpsonofpg

Quote from: Vern on February 01, 2013, 05:20:37 PM
Wow, who would have thought 4 short years after President Obama started, the DOW would be up almost 6000 points. well I think safe to say "nobody at this board".

Was it only 4 years ago, the screams and chants from the right were

"THE MARKET IS GOING TO ZERO"
"WE WILL HAVE HYPER INFLATION"
"THE DOLLAR WILL COLLAPSE"
"SOCIALISM SOCIALISM SOCIALISM"

here's one of the supposed leading 'financial' newspapers. 

"
Obama's Radicalism Is Killing the Dow
"

http://online.wsj.com/article/SB123629969453946717.html

When they wrote that the DOW was about 6500.  Thats down from inauguration day of about 8200.  How could a supposed 'financial' paper miss the first 6000 point drop of that massive market crash?
WOW only 2 weeks later it is 15000 and Obama did it all.  It doesn't explain the 6 trillion in debt but hey good news is good news.
The Golden Rule is the only rule we need.

simpsonofpg

Now if we can just get gold back to $1800/oz.  I keep thinking the
Dow is like a monoply game
The Golden Rule is the only rule we need.

Solar

Quote from: simpsonofpg on May 08, 2013, 09:30:49 AM
Now if we can just get gold back to $1800/oz.  I keep thinking the
Dow is like a monoply game
And the banker is in cahoots with certain players.
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