Yes, then got another massive bailout. Now they snivel about people getting food stamps while they brag about how well their 401K's are allegedly doing. They and their Wall Street heroes suck up a lot more welfare than the working poor ever have.
I predict that the S&P 500 will be well under 5,000 by September 30th
- Thread starter Walt
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Yes, then got another massive bailout. Now they snivel about people getting food stamps while they brag about how well their 401K's are allegedly doing. They and their Wall Street heroes suck up a lot more welfare than the working poor ever have.
Even in the most extreme communism, market forces rear their ugly heads, and modern China is not the most extreme communism.
There is a misconception that China's government wants growth above anything. They have shown a huge willingness to give up growth to establish power. Having a few billions lose all their money seems minor compared to killing most of the wealthy people like China did before.
You are mostly correct. There is no actual law against it, but you would need enough money in the 401k to handle any possible margin call. You cannot add money to satisfy a margin call.
It is less correct when you look at indirect investments. Many mutual funds and ETF's trade on margin. 401k's commonly invest in these funds, and so indirectly trade on margin.
Why do you bring this up? I did not say anything about people with 401k's trading on margins. I said that investors are selling low because they are forced to by margin calls. These would mostly not be directly 401k investors.
Probably. Many were invested in supposedly safe investments that were anything but. Others lost money due to other investors being forced to sell due to margin calls.
2008 was brutal, but probably not as brutal as what we are about to see.
What surprises me is that after a week of heavy losses by me, none of you realize it.
I still believe in this investment, but have lost quite a bit of money on it so far. I am still up from the beginning of trump's disgrace, and still think this will be a great investment.
Bai Lan
Let It Rot
they enslave their people.
and they cheat,
and they have no accounting rules.
and they do state subsidy and dumping.
cheating all around, fuckface.
AProudLefty
The remora of JPP
Too soon to tell.
You're finally catching on to the upcoming global collapse. The supply chain is once again slowing. We'll get to see if BRICS suffers more or less than the G7.
I'm averaging 4.6% a week on my left over change. I'll be pocketing some 3.8% in quarterly dividends by May 20 and early June, over 15% yearly. My real gain/loss ratio is 100%. People who gamble on borrowed money are stupid fools. It's pretty easy to beat the rates paid on CD's and bonds.
You wouldn't happen to be fibbing, now would you???
No. I'm not you or anything like you and your peers.
Lots of people have lots of ideas....this being a dark age most of those ideas are bad.
I will wait for the results.