Market Bottom?

Discussion in 'Stock Market' started by The Rabbi, May 26, 2010.

  1. Care4all
    Offline

    Care4all Warrior Princess Supporting Member

    Joined:
    Mar 24, 2007
    Messages:
    48,863
    Thanks Received:
    10,411
    Trophy Points:
    2,070
    Location:
    Maine
    Ratings:
    +25,234
    silly question i suppose but are there choices in most people's 401k's to choose an investment that is not invested in the stock market? like, can you purchase certificate of deposits, that are safe, with 401k money/company match money?
     
  2. saveliberty
    Offline

    saveliberty Diamond Member

    Joined:
    Oct 12, 2009
    Messages:
    57,612
    Thanks Received:
    8,525
    Trophy Points:
    2,030
    Ratings:
    +39,935
    The Wall Streeters will not let the market fall too far. It isn't in their best interests. The market is totally rigged at this point. Misleading corporate and government reporting and on and on....
     
  3. The Rabbi
    Offline

    The Rabbi Diamond Member

    Joined:
    Sep 16, 2009
    Messages:
    67,602
    Thanks Received:
    7,825
    Trophy Points:
    1,840
    Location:
    Nashville
    Ratings:
    +18,244
    Not silly at all.
    You can use your 401k to invest in a very wide range of things. That includes gold and real estate, as well as CDs and bonds.
     
  4. william the wie
    Online

    william the wie Gold Member

    Joined:
    Nov 18, 2009
    Messages:
    15,947
    Thanks Received:
    2,189
    Trophy Points:
    280
    Ratings:
    +8,547
    Well it depends on the company plan, the less options the less it costs the company to offer the plan.
     
  5. Baruch Menachem
    Offline

    Baruch Menachem '

    Joined:
    Sep 12, 2008
    Messages:
    14,201
    Thanks Received:
    3,235
    Trophy Points:
    185
    Ratings:
    +3,311
    Don't see a bottom for quite a while yet.

    Well, unless Manifold or VanYank post.

    We still have way too high unemployment, taxes are going up, the states and the federal government are not letting go of silly spending, obligations and entitlements are not being tamed.

    In order for the market to recover, the government needs to address the fundamental problems they are causing. Instead of fixing issues, they are compounding them

    Now it the time to prepare for storms for a long time
     
  6. Paulie
    Offline

    Paulie Platinum Member

    Joined:
    May 19, 2007
    Messages:
    38,872
    Thanks Received:
    5,586
    Trophy Points:
    1,130
    Ratings:
    +25,278
    Bullshit.

    The "wall streeters" also make their money on shorts. The market can rise or fall and the "wall streeters" will be just fine.
     
  7. saveliberty
    Offline

    saveliberty Diamond Member

    Joined:
    Oct 12, 2009
    Messages:
    57,612
    Thanks Received:
    8,525
    Trophy Points:
    2,030
    Ratings:
    +39,935
    They make money on the volitility, so a continued drop of the down to 1200 DJIA nature would not be helpful. Big slide followed by a nice jump works much better.
     
  8. Paulie
    Offline

    Paulie Platinum Member

    Joined:
    May 19, 2007
    Messages:
    38,872
    Thanks Received:
    5,586
    Trophy Points:
    1,130
    Ratings:
    +25,278
    You don't understand how the markets work apparently. If you have heavy short positions, nothing could be better for your upside than a continued drop in the markets.
     
  9. saveliberty
    Offline

    saveliberty Diamond Member

    Joined:
    Oct 12, 2009
    Messages:
    57,612
    Thanks Received:
    8,525
    Trophy Points:
    2,030
    Ratings:
    +39,935
    I understand markets well enough to know that I can make much more money on the swings than just a massive short.
     
  10. Paulie
    Offline

    Paulie Platinum Member

    Joined:
    May 19, 2007
    Messages:
    38,872
    Thanks Received:
    5,586
    Trophy Points:
    1,130
    Ratings:
    +25,278
    That may very well be the case, for you. I'm simply commenting on the fact that you said a drop would not be helpful, when in fact it would be for those who are short.
     

Share This Page