REAL WORLD EVENT DISCUSSIONS

Dow @ 20K. Time to jump off!

POSTED BY: JO753
UPDATED: Thursday, May 18, 2017 20:14
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VIEWED: 618
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Wednesday, January 25, 2017 8:25 PM

JO753

rezident owtsidr


Time for a bust, so if youv got alot in a 401k and stock in anything that generally followz the Dow number, time to cash out.

It's artificially hi and the walez know that Trump iz going to be like Bush on steroidz. The minit wun uv them starts selling, the little guyz will follow and then its a rase for the life boats.

My fee for this advise iz 10%, az usual. Uze Paypal, its fast & eazy.

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Wednesday, January 25, 2017 9:57 PM

6IXSTRINGJACK


Don't actually cash out your 401k though. You don't want to pay that early withdrawal penalty. Just put it in one of the safe investments.

And since it's all a crap shoot anyway and you might as well be gambling at Vegas, don't get mad at J0 if he was wrong and you lose out on some big gains. Chances are you were going to have it in there too long and lose them all whenever the next crash happens anyway. And it will eventually happen sooner or later.

Do Right, Be Right. :)

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Wednesday, January 25, 2017 10:00 PM

AURAPTOR

America loves a winner!


We were told that this would never happen under Trump.


We were also told he had no path to 270 either...



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Thursday, January 26, 2017 9:09 AM

G

... fully loaded, safety off...


Quote:

Originally posted by AURaptor:
We were told that this would never happen under Trump.



Please don't tell me you give Trump credit for this.

http://www.businessinsider.com/president-obama-stock-market-performanc
e-2016-6


"If you're an investor, there are a lot of people to thank for the second-longest bull market run in history. Perhaps after mentioning people like Federal Reserve Chair Janet Yellen and S&P 500 CEOs for the support, it would be wise to bring up someone a little more unexpected: President Obama.

In fact, as far as presidents go, he's been one of the most successful in modern history in supporting the growth of the market according to Bespoke Investment Group.

"The reality, though, is that the stock market has done exceptionally well under President Obama," wrote Bespoke in a note out Thursday.

"The Dow Jones Industrial Average's performance [under Obama] of 120.6% ranks as the sixth best of any US President since 1900, just behind Reagan and comfortably ahead of Truman, who at 74.4% is far behind." "

That's from Business Insider who are not typically big fans of Obama.

Stock predictors are just better guessers than the rest of us, but just barely, and frequently they are wrong. Otherwise it would be easy money. And thank gawd the ones that predicted his taking office would have negative effect were wrong, but don't think for a second they won't turn the other way when the opportunity presents itself. 'Course we won't know because he'll own the press and it will all appear all rosy, like it is in Russia. Maybe we'll hit 30,000 in a couple months! Wheee....

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Thursday, January 26, 2017 9:32 AM

6IXSTRINGJACK


Wall Street did great under Obama.

It was Main Street who has had the longest slump of growth since the Great Depression.

Do Right, Be Right. :)

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Thursday, January 26, 2017 11:22 AM

RIVERLOVE


The markets are up 10% since Trump was elected. It will likely go up another 10% before there's a correction. So now is still a good time to buy if you'd like to make 5%-10% on your money with ETFs in just a few months.

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Thursday, January 26, 2017 7:16 PM

JEWELSTAITEFAN


Quote:

Originally posted by 6IXSTRINGJACK:
Don't actually cash out your 401k though. You don't want to pay that early withdrawal penalty. Just put it in one of the safe investments.

And since it's all a crap shoot anyway and you might as well be gambling at Vegas, don't get mad at J0 if he was wrong and you lose out on some big gains. Chances are you were going to have it in there too long and lose them all whenever the next crash happens anyway. And it will eventually happen sooner or later.

Do Right, Be Right. :)


Thanks for pointing out to people that the slang is not the literally accurate statement.

"cashing out" of a high DOW means, in trading jargon, transferring your shares from a Stock-based mutual fund to a more cash-similar fund such as Government bonds or treasuries - preferably a fund which CANNOT lose money (technically, lose dollar value, even though it may in fact devalue slightly). And confirm that it is also a tax-deferred fund, to further avoid penalties.

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Friday, January 27, 2017 12:24 PM

6IXSTRINGJACK


Hey... no problem.

It's been about 7 years since I had any of my money in the market, but I used to know the rules of the game. Did pretty well there myself, but I didn't see the crash coming in 2008. Luckily when our company was bought out in mid 2007 or so they froze all of our 401k accounts and took forever to transfer them over to the new provider. If that hadn't happened, I probably would have lost 30-50% of what I had in there and I wouldn't have been able to buy my house after I got laid off. Now the house has paid for itself, literally, in the rent I haven't had to pay in the last 5 1/2 years. :)

The market is not a place for me anymore. I walked away a winner.


Just felt the need to point out to people who might not know much about 401k and the market who are a bit panicky that what J0 meant was exactly as you said and not to actually turn it into cash.

Do Right, Be Right. :)

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Sunday, March 19, 2017 4:44 PM

JEWELSTAITEFAN


Quote:

Originally posted by JO753:
Time for a bust, so if youv got alot in a 401k and stock in anything that generally followz the Dow number, time to cash out.

It's artificially hi and the walez know that Trump iz going to be like Bush on steroidz. The minit wun uv them starts selling, the little guyz will follow and then its a rase for the life boats.

My fee for this advise iz 10%, az usual. Uze Paypal, its fast & eazy.


Obviously.
We certainly wouldn't want anybody to see a gain of 5% of their worth in only a month, right?
Dow hit 21,169 at the beginning of March. About 5 weeks after this thread's OP.

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Sunday, March 19, 2017 4:48 PM

6STRINGJOKER


I made about $1,200 this month by not having a mortgage payment. I'm good.

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Monday, March 20, 2017 6:40 AM

JO753

rezident owtsidr


Quote:

Originally posted by JEWELSTAITEFAN:
We certainly wouldn't want anybody to see a gain of 5% of their worth in only a month, right?
Dow hit 21,169 at the beginning of March. About 5 weeks after this thread's OP.



I missed in fact, but not prinsipal.

How hi do you think it will go? Wut event are you keeping an eye out for that will presipitate a big drop?

----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early

http://www.7532020.com

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Tuesday, March 21, 2017 8:16 PM

JEWELSTAITEFAN


Quote:

Originally posted by JO753:
Quote:

Originally posted by JEWELSTAITEFAN:
We certainly wouldn't want anybody to see a gain of 5% of their worth in only a month, right?
Dow hit 21,169 at the beginning of March. About 5 weeks after this thread's OP.



I missed in fact, but not prinsipal.

How hi do you think it will go? Wut event are you keeping an eye out for that will presipitate a big drop?


Going by historical predictive triggers, a drop of 15% from of the all-time high signals the onset of bear.
So, from the current ATH of 21,169, if it gets down (closes) to 18,840 before going higher than 21,169 then it should rebound up about 7-13%, and then go down.
Check April or May 2001 (from high in 2000) and then end of Jan 2008 (from Oct 2007 high) to confirm.

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Wednesday, May 17, 2017 9:28 PM

JEWELSTAITEFAN


A few minutes ago I heard a news story that the DOW closed at the lowest point since October 2016.

But it's only down to 20,600ish.

WTF??

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Wednesday, May 17, 2017 10:26 PM

6STRINGJOKER


What exactly does the DOW even mean anyways? When I was earning a good living and made a killing in the market the DOW was only around 14,000 back before Obama was in office. 20,000 is bad now...? lol Sounds like some people are making a ton of money while everyone else just keeps doing worse.

Queue Second to come in here and pull a link blaming Trump for that.

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Thursday, May 18, 2017 8:05 PM

JEWELSTAITEFAN


Quote:

Originally posted by 6stringJoker:
What exactly does the DOW even mean anyways? When I was earning a good living and made a killing in the market the DOW was only around 14,000 back before Obama was in office. 20,000 is bad now...? lol Sounds like some people are making a ton of money while everyone else just keeps doing worse.

Queue Second to come in here and pull a link blaming Trump for that.


IIRC, it it dsomething like this:
The Dow Jones Industrial Average is a group of 30 leading companies, in diversified sectors (so not 10 of them like Apple, Dell, IBM, Cisco, Micro$haft, Acer and others all in one industry). When one company is removed from the DJIA, it is clearly announced. GM used to be one forever, but I think they were removed after their bailout.
Anyhow, the DOW was around 877 points around 1986, following the end of the disastrous Carter Economy. The DOW had never been above 2,000 at that point, IIRC. It had been theorized that DOW 4,000 was an impossibility. 4,000 was surpassed around 1994. In 2000, DOW got to almost 12,000 and came back down to 10,000 by August 2001. After 9/11 it dropped to about 7,300ish. By October 2007 it was up to about 14,000 as the Rock-The-Vote Democrat FY2008 Budget took effect. It dropped to about 5,400 around 9 March 2009. it could have rested in November 2008, but Obama kept campaigning about how he was going to destroy the economy, even after the election.

If you have difficulty comprehending the Stock market, try thinking of it as a popularity contest for companies. Except votes are actually dollars. Some companies are funded merely by the irrational belief of their investors. The investors who have placed the most dollars in the market have the most influence in the prices. The stocks (company shares) with the most demand go up in price, those with less popularity lose value.

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Thursday, May 18, 2017 8:14 PM

JAYNEZTOWN


organized chaos, political crap isn't helping

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