Posted on 09/16/2022 7:28:59 AM PDT by cuz1961
Stock Market Today: Stocks Open Lower..
(Excerpt) Read more at wsj.com ...
After all, they are obviously finance savvy and HAD to have known all the $$$ $pent in the I.R.Act would cause a massive drop in stocks.
Ever see the movie
The Big Short
. ?
( you should watch it , EVERY american should watch it)
Q.How a griffting politician can get rich bankrupting a country ?
A.
https://m.youtube.com/watch?v=vgqG3ITMv1Q
The Big Short
Rt 2m 30 s
.
.
I’m so shocked.
There are no signs from this administration that give hope things will turn around. That’s the basic problem. Biden an company are operating in a fantasy land. Example, thinking we can be at 50% EVs by 2030. That isn’t going to happen. Until some reality and common sense starts getting used there will be no hope of things getting better with the markets.
Navarro predicted earlier this week that the Dow would go under 30,000 by no later than next week and is headed to 25,000 before it starts going back up. Buckle up, it is going to be a bumpy ride.
Navarro predicted earlier this week that the Dow would go under 30,000 by no later than next week and is headed to 25,000 before it starts going back up. Buckle up, it is going to be a bumpy ride.
Biden must have signed a 401K Value Protection Act order for things to be this bad.
Biden an company are operating in a fantasy land.
They are all wealthy and could care less about us or inflation.
The next gaslighting ploy by the Democrats will probably be to argue that rhe stock market drop is not a bad sign but an indicator of a great economy.
What good news is there out there?
We are “blessed” with 2.25 more years of Bidet.
I think there’s a large body of people out there hoping that
a good man will replace Biden in 2025, but the day after the
November 2024 election, might be the day to watch the markets.
If that election were stolen, the Dow might sink to 5,000.
I pity folks with 401ks.
Not a particularly great time to retire.
A real 10-289 might just happen.
“Biden an company are operating in a fantasy land.”
Completely disagree. The ones pulling the strings are smart and ruthless. They know exactly what they’re doing.
Their actions make perfect sense when viewed through that lens.
We can't say we weren't warned by that book and 1984.
“I pity folks with 401ks.”
I pity folks without 401ks.
Between Wal-mart reduced inventory orders and FedEx's earnings, gonna probably be a big drop today.
“We can’t say we weren’t warned by that book and 1984.”
Unfortunately, they are being used as guide books.
I think they were a gimmick.
If you have a family crisis and need to cash them out, you
should pay your back taxes. You shouldn’t have to pay
massive fines for having to do so.
There’s no call for people having to lose the percentages
of their own funds that they do, for having misfortune
strike their homes.
Also, the volatility of the markets make it a very tough
time to have these assets, when at the time when you
retire, the value of them is only a fraction of what they
were.
In addition, I’m not sure the average person with a 401K
knows the rules and the best ways to utilize them.
Meaning well, they can be seriously harmed.
If access was granted on a higher volume, I’d rather see
folks get a Roth account.
Between Wal-mart reduced inventory orders and FedEx’s earnings, gonna probably be a big drop today.
~~~~~~~~~~~~~~~~~~
Sure... but in both of these examples and stepping back, the root is the increase in interest rates which puts the damper on buying goods. https://www.freddiemac.com/pmms
An increase from 2.5% to 6% on a 20 year mortgage means that for a $500,000 house, the monthly cost has increased by $933... means that there is far less disposable income to buy anything at Walmart or ship anything.
401k does not have to be in stock
Roth is after tax money. 401k vs. Roth? Depends on individual’s situation.
Employers don’t contribute to Roths.
401k is long term planning tool. The government gives you an opportunity to save on taxes in exchange for your agreement to keep the long-term program.
If you have a hardship with your home you can withdraw with no penalty. Actually a loan.
If you lose your job you can withdraw and the taxes/penaties may be less than the tax savings when you invested.
Marty Zweig: “Don’t fight the fed”
I pity folks with 401ks.
Not a particularly great time to retire.>>> Except pension plans will increase as the interest rates go up and most self directed 401ks can be in cash to ride out the rough spots.
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