Posted on 09/21/2014 11:32:29 AM PDT by expat_panama
...weekend free time ping...
http://www.irs.gov/uac/Latest-News
Which new rules are you talking about?
http://www.irs.gov/uac/Latest-News
Which new rules are you talking about?
“Kind of makes me wonder (1) which guess most people think stocks have been doing and (2) where they got that idea...”
Probably from reading various threads here on Free republic.
Dang! I meant IRS Issues 401(k) After-Tax Rollover Rules. Shoudda realized that saying "IRS makes rules" is like saying "water feels wet".
Yikes --futures traders have prices plunging for just about everything today w/ metals leading the fall and stocks right behind! Yahoo & Google say it's China's fault though it might also be the quarter-end window dressing. Today's only major report is Existing Home Sales. Morning reading:
We got the US Investors Are Loaded Up With Stocks in the morning reading list but the graph tells the story (imho). The flow of funds doesn't lie. OK, so liars quote the FofF all the time but what this says to me is that 2014 is NOT 1982 for stocks. Maybe for jobs but stocks are more like '65 or '97.
or '00 & '08...
But think about the fundamentals and identifiable issues (bubbles? contagions?) that drove the collapses in 2000 and 2008. Do those exist today?
That last down arrow is a guess for future prices because nobody knows for sure what happens next until it’s happened. Am looking for the PBS source —it’s all over twitter but I’d sure like to know where the arrows came from...
Agreed --which is why my first guess [operative word] was that we're more likely back when Sir Alan was whining about 'irrational exuberance' --years before the crash.
Hmmm. Thinking that iron ore is to steel what steel is to manufacturing, the canary in the mineshaft...
Steel (all grades) as well as copper have been hit hard. Likely China.
Steel (all grades) as well as copper have been hit hard. Likely China.
--and now that I look at it I think that's what's really happened here. PBS won't say where J. Lyons Fund Mgmt. got their numbers for their graph, but when the world looks at the Fed's data on privately held stocks % private financial assets they get this:
Not only do we see no big deal any more, but now we remember that most stocks are owned by institutions, not individuals. If we're concerned about stock prices and money available to buy then we want to think about how total corp net worth (total market cap) is doing:
The numbers are irrefutable. Before the recession growth going back to 1950 averaged 7% yearly. The past seven years stock investments have grown yearly at just one percent.
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