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Dow Jones breaks 30,000

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KAstocker

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Normally there would probably be a correction, especially if taxes are likely to get raised. But a bond brings less than 1%, so where else are people going to put their money? The fed messing with interest rates these last 10 or so years has thrown a wrench in things. But I agree, there's surely going to be a big correction some time in the next year or so.
 

Caustic Burno

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S&P 500 Index is now 62% above its March low and up 16% from 1 yr ago.
I smell a February correction.
What say you?
This is being driven by Chinese imports and the promise of cheap foreign labor boosting investor and corporate profits.
The exact opposite of what we voted for when I carried a union card.
Like I said I am a Reagan Democrat the party left me.
What’s good for Wall Street isn’t always for Main Street.
 

simme

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Probably time for us old folks to take some profits, reallocate and be ready to re-invest when the market drops. Young folks should probably stay fully invested in stock funds (not the bovine kind) for the long haul.
 

farmerjan

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I'm moving most all my small retirement account into safe stuff. Don't trust the way things are looking. Took out a chunk for down payment on house a couple months ago, so not alot there. Don't want to see it taxed in the future as has been said .....they are going to have to pay for all this free to everyone stuff..... and it is not going to be off the little I have left in the retirement fund.
 

4hfarms

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I agree with the correction call, it will be soon. Buy property, bitcoin, gold & silver. There will be a masive asset boom next year. Prepare to gather your couch change and invest when the market corrects. This may be the last oppertunity for a while. All this Government Money will devalue the dollar more than we can understand. With the rates this low, its perfect for refinancing or purchase a home if you can. Cash makes nothing under your mattress, or the bank......
 

shaz

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I'm moving most all my small retirement account into safe stuff. Don't trust the way things are looking. Took out a chunk for down payment on house a couple months ago, so not alot there. Don't want to see it taxed in the future as has been said .....they are going to have to pay for all this free to everyone stuff..... and it is not going to be off the little I have left in the retirement fund.

What is "safe stuff"?
 

shaz

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I agree with the correction call, it will be soon. Buy property, bitcoin, gold & silver. There will be a masive asset boom next year. Prepare to gather your couch change and invest when the market corrects. This may be the last oppertunity for a while. All this Government Money will devalue the dollar more than we can understand. With the rates this low, its perfect for refinancing or purchase a home if you can. Cash makes nothing under your mattress, or the bank......
I'm really not sure what to make of bitcoin.
Looks like the dollar has been trending down for a while now and I agree with your assessment about Gov spending. However, last time I thought the dollar was a goner it held up better than logic would dictate because it's the "healthiest horse in the glue factory"
 

Brute 23

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I'm really not sure what to make of bitcoin.
Looks like the dollar has been trending down for a while now and I agree with your assessment about Gov spending. However, last time I thought the dollar was a goner it held up better than logic would dictate because it's the "healthiest horse in the glue factory"
Exactly. There is no better place in the world to put your money. Until that changes we will not see a major correction.
 
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farmerjan

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We have a "safe" investment through Met Life in our portfolio. Not dependent on the stock market, "guarantees 3 month returns, at a time. Yearly average is only 2 1/2+ % but you can't lose what is there, like with the market. I have some money in other more risky things but not alot. I move some of the gains into the Met guaranteed account from time to time. I'd rather be safer and not make alot. I am by no means experienced in investing. Just know what my risk meter is like and when I start to feel uncomfortable, I move it. I am afraid that the dollar is going to wind up falling way off.... and I have no intention for there to be any kind of money there for them to come back and tax because it is over xxx dollars or whatever arbitrary figure they come up with. But I am taking another disbursement to put into some more silver.... I only deal with real silver coins because I don't understand some of the other stuff. This way, if I need to spend some money, pre -64 silver coins are worth more because of the silver content. And it is legal tender.....I remember that not too long ago gas stations and some other places were advertising that they wanted silver coins and they were worth more to them.... giving more product (like gas) for real silver coins.....So I try to buy a couple hundred dollars worth a couple times a year. Added bonus, I can add to my coin collection , as there are alot that are in pretty good condition. I am not one of the "uncirculated" type of coin collectors,,,,, just an average collector. They are spendable in the case of really tough times.
But yes, buying the house at the real low interest rate may be one thing that will allow me to keep it if times get even tougher. Plus I can raise my chickens here.... and do what I want with no landlord telling me; yes/no/maybe.
Anyone who has a mortgage or borrowed money, needs to look seriously at what their interest rates are, and get locked down into the lowest rates they possibly can find now. Mine is 2.87%..... whoever heard of that?
 

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