HerefordSire":1pt4v6jg said:Dow @ 6 year low trying to feel bottom. POT has been making higher lows and close to 50 day moving average.
Jogeephus":2shvlavc said:HerefordSire":2shvlavc said:Dow @ 6 year low trying to feel bottom. POT has been making higher lows and close to 50 day moving average.
I would have thought POT would have spiked condsiderably given the truck load that got intercepted at the Canadian border.
Possibly (probably?) lower. A Dow Industrials close below 7552.29 was needed to confirm a Dow Theory sell signal. Yesterday, Feb. 19, it broke below this with a close at 7465.95.RD-Sam":1uavfi38 said:Hang on to your hat, many say the DOW is headed for 6000.
RD-Sam":9f4ittlf said:The US got beat to the punch in their attempt to devalue the US dollar to ward off inflation, the other countries around the world had the same idea, now we are all on the same game plan.
All this money they are about to blow will be for nothing, as soon as the money runs out, they are right back where they started, or worse. The smart people realize this and are putting their money in a safe place. Gold, Silver, Platinum, and other precious metals are always of value and can be used to trade with in the event all of the paper becomes worthless. Land prices have dropped dramatically in most areas, the land isn't going anywhere, so if you can invest in it at a good price, now is the time. Look at the chart Herfordsire posted, housing will drop 50% because it was priced at double what it was worth, housing is a bad investment unless you can get it at 50 cents on the dollar.
Watch those sneaky people in the stock market, it's all coming out in the open about all the corruption going on there. Watch what you pay for gold and such too, as soon as the market starts to recover it will drop fast. It's no different than when they told the Saudies to invest all their oil money in gold, they told them it was a sure bet, then they decided it was time to tank the gold market and get all of their money. The big money you are talking about is the people that control the federal reserve. :nod:
HerefordSire":36870a7i said:Dow @ 6 year low trying to feel bottom. POT has been making higher lows and close to 50 day moving average.
Stocker Steve":v736yjhx said:HerefordSire":v736yjhx said:Dow @ 6 year low trying to feel bottom. POT has been making higher lows and close to 50 day moving average.
Sounds like cattle are a good investment in comparison!
RD-Sam":hrr6etvt said:Hang on to your hat, many say the DOW is headed for 6000. I saw on the news tonight that many Republican state govenors may not take any of the stimulus money, they say the rules are counter productive for the long haul and they would be better off without it. They are talking about a tea party in Chicago! :lol2:
Stocker Steve":3jqm0ia5 said:For some folks this is just a paper loss of assets they do not need, and would end up being willed so someone else in their estate.
For most folks who don't buy lottery tickets - - this is or was part of their retirement plan and now they are going to have to revisit that.
Remember, you would pay a penalty of 10% plus income taxes on the balance. Depending on your current bracket (if you are not already paying the top bracket) and the amount you would cash out, you could cut what you have left by another 45% (if you are in the top bracket) not to mention causing your current earnings to be taxed at the top rate. Could trigger AMT as well. I don't think capital gains would apply because the balance (being tax defered) is taxed as ordinary income.skyline":1ix8zf7s said:I'm 47. For me, it was the bulk of my retirement and my ability to survive when I'm too feeble minded to work my regular job (the feeble minded part seems like it might be coming sooner than later... ).
I started pondering the idea last night of cashing in my 401k and paying off my house note. What's to lose? I'd pay a 10% penalty on the 50% of the account that is left. There won't be much in the way of capital gains to pay, and I hear those are going up at some point anyway... Is that a stupid idea? At least I'd be assured they don't take the house from me when all heck breaks loose.
Stocker Steve":25o6ck8o said:6100 sounds high to me. I am looking for 5000.
For some folks this is just a paper loss of assets they do not need, and would end up being willed so someone else in their estate.
For most folks who don't buy lottery tickets - - this is or was part of their retirement plan and now they are going to have to revisit that.
I am trying to do a getter job of gross margin analysis to list things not to do. I have some 5 wt heifers at the top of that list.
1982vett":32unrvi5 said:Hereford, where would the bottom be IF: "Investors" stop paying a premium for forward earnings (speculating) and returned to paying for actual earnings or book value (investing)?
skyline":15r7d3m2 said:I started pondering the idea last night of cashing in my 401k and paying off my house note. What's to lose? I'd pay a 10% penalty on the 50% of the account that is left. There won't be much in the way of capital gains to pay, and I hear those are going up at some point anyway... Is that a stupid idea? At least I'd be assured they don't take the house from me when all heck breaks loose.