Posted on 01/21/2022 12:17:42 PM PST by Tell It Right
NASDAQ down 2.2%, S&P down 1.6%
(Excerpt) Read more at cnbc.com ...
My 401K has been suffering under the Biden admin.
Let’s hope that Biden doesn’t hold any more press conferences for a while.
I'm out of equity funds in my 401K and Roth IRA and taxable account. I'm about 50% in long term treasury funds (similar to the TLT ETF) where I can (my 401K doesn't have that option).
We need a good healthy correction.
I would like to see to down drop down 2500-3000 points..similar to controlled burns in the forest rather than a raging forest fire.
“My 401K has been suffering under the Biden admin.”
You really need to get a new financial planner if that is the case.
I have many mutual fund accounts and they have all done 22-30% on average.
My wife has a Morgan Stanley account and it did 44% last year.
Since a huge portion of the Dow's 30 companies are in the tech sector, the DOW might drop 50%. But I hate using the DOW index as a barometer of the stock market because it's just 30 companies and lately it's been a bit sector biased. IMHO, the S&P 500 is better barometer because it's the largest 500 companies regardless of sector.
I expect a jump in long term treasury funds by about 10% or so (think TLT or PRULX).
In my investments outside my 401K (IRA, Roth IRA, and taxable accounts) we got a 55% return.
Yes. A healthy correction should happen after our demented fake president gave a two hour public stream of consciousness anti-American monologue with pretend press q and a giving a green light to an enemy of the state to invade another enemy of the state to whom he and his family owe a debt after having taken large funds under the table
That’ll happen
Wait till the reality of that shock really sets in.
Whenever a government prints currency to achieve political goals, the economy of that country eventually contracts. Economic activity that presupposes a stable value of currency simply cannot function well. Sometimes that economy collapses entirely. The recent instability of the stock market in conjunction with a real time 15% inflation rate, even more in energy, is a very bad omen.
“My 401K has been suffering under the Biden admin.”
The Fed had dumped a fantastic amount of money since Covid. The only place that money can go is the stock market. Thus, everything is at insane evaluations. They are now trying to soft land an over inflated economy that has no basis for its present altitude. Their only tool is interest rates. But fifteen years ago, when the amount of money created was only “high” by comparison, an interest rate of four percent would have resulted in every cent taken in by taxes being spent on bond interest payments. To bring the economy under control would require interest payments much higher than seven. At seven the stock market would deflate, the government would need to raise taxes to double or triple their present position. We can forget about growth. They will wait until Trump is president to do that.
On top of that the Baby Boomers will all retire by 2025. They will take their money out of the market because they can’t take the volatility. The Boomers own a huge percentage of that stock. Our 401k’s are on a shaky foundation.
There is a way to bring all this under control. Get rid of about two thirds to three quarters of the government and the regulations they create and enforce. We might get some dirtier sky’s and water, but the nation would grow like crazy. Yeah, it would never happen.
Be easy on him. He’s ain’t called BipolarBob for nothing.
It’s time for the Fed to take away the punch bowl.
Party’s over.
Another worst week for resident biden...
Many.
Bubbles.
Need.
To.
POP!
But believe it or not there are rules here about not changing headlines.
“I got a 50% return in 2020, and that’s because mine and my wife’s 401K money got “only” 45%. LOL
In my investments outside my 401K (IRA, Roth IRA, and taxable accounts) we got a 55% return.”
Good for you. I am in somewhat safe mutual funds. I told my CFP middle of the road interms of risk.
That’s a hilarious summary of that horrible press conference. Sometimes it’s like we are living in a bizarro nightmare world, this cant be reality!!
“On top of that the Baby Boomers will all retire by 2025. They will take their money out of the market because they can’t take the volatility”
My opinion is people will still keep it in the market but in less risky or lower rate of return products.
Where are they going to put that money? 1/2 % interest in bank, 3/4 percent CD?
Everything I have been reading the people will keep it in the market and the millenials and gen Z are all investing in the market because no other place to put it.
Also, people are now living to age 90-95..so they will keep it in the market to get a decent return or else run out of money.
I guess we will find out.
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