It was not good when the market went up 9% on monday. Much better if it just goes up steady 1% a day til Nov 4th. The rollercoaster... bad..
Didn’t Obama say something yesterday about allowing people to withdraw funds from their 401(k) funds without paying taxes or penalties? Dumb, dumb, dumb....I have heard rumors (mostly from talk radio) that the Democrats want to scrap 401(k) plans altogether. I guess the theory is that by encouraging irresponsible people to buy more HD television sets or whatever rather than saving for their retirement, this will stimulate the economy and generate immediate additional tax revenue for Obamacare or whatever. Color me skeptical about whether this rumor is true, but just think of what a mess this would create years down the line.