Stock Market

[RWebb]

1st - I would never pay for advice from anyone who bases it on "technical support levels"

2nd - this is not a great time for small caps; wait a while

3rd - I would never take the tax hit from moving to 100% cash

4th - too late to sell now - I sold some things a few months ago & may do a little buying if the irrational non-exuberance increases

[HiBeam]

"1st - I would never pay for advice from anyone who bases it on "technical support levels"

3rd - I would never take the tax hit from moving to 100% cash"

.................................................. .....................................

1st - Say more about why you wouldn't make a move on tech support levels.

3rd - The word all week has been that the sell-off is a move to avoid Obama's increased tax rate coming the new year. You don't see cash as a viable asset class?

[RWebb]

b/c "technical analysis" has about the same track record as witchcraft

[imcarthur]

Hey. Don't you dis witchcraft. My chicken bones work pretty well.

Ian

[RWebb]

you can dust my broom

[ForBell]

"b/c "technical analysis" has about the same track record as witchcraft"


oh, thanks - that explains a lot. perhaps you could share a bit more of your infinite wisdom.

you forgot the other question.

"3rd - I would never take the tax hit from moving to 100% cash"

3rd - The word all week has been that the sell-off is a move to avoid Obama's increased tax rate coming the new year. You don't see cash as a viable asset class?

[Esel Mann]

Cash is not an asset. It is merely a conveniently accepted means to conduct trade.

If the investments are in a other than Roth retirement account, not much happens until you begin to pull it out. Which I believe shields from capital gains and dividend tax liabilities?
Non-retirement accounts, whole different game....

The word all week. From what I can gather what goes on and what the word of the week are mutually independent.

Technical analysis? Read "Stock Market Logic" Essentially there is no logic....

[Don Ro]

Originally Posted by ForBell

oh, thanks - that explains a lot.

"3rd - I would never take the tax hit from moving to 100% cash"

3rd - The word all week has been that the sell-off is a move to avoid Obama's increased tax rate coming the new year. You don't see cash as a viable asset class?

The sell off is tax-driven; taking profits now & avoiding Obama's coming tax increase.
In fact, the super wealthy are selling and moving money off-shore.
Stuart Varney's guest today was Steve Siebold, author of "How Rich People Think", he was asked, "When will they bring their money back to America?"
He said, "I don't know and they don't know, either. Will America ever be the same? I have spoken with many depressed rich people over the past few months."

Video: "Why Are the Rich America’s Scapegoat?"

Varney & Co. - Fox Business

[McLovin]

Originally Posted by Esel Mann

Cash is not an asset.

That's a new one.

[Noporscheform]

The Rich Are Moving More Money Overseas - The Wealth Report - WSJ

Here is a WSJ blog on this trend. Only it is from May 2011. - maybe the tax law is not the root if all evil or the cause of anything - but news people must make a news story.

[ForBell]

"maybe the tax law is not the root if all evil or the cause of anything - but news people must make a news story."

[fintstone]

In my 401k, I would have lost over $20k since election day if not going to cash (fixed return)so I am rather pleased with the decision so far. While I don't get taxed on that transction out of the market, it seems that even with tax liability...that is staring to get into real money.

[imcarthur]

Another growing reason for market volatility is Israel vs Hamas in Gaza. Things are escalating rapidly.

Ian

[Rusty Heap]

Does Porn ever go stale or lose money?

[john70t]

Originally Posted by Noporscheform

The Rich Are Moving More Money Overseas - The Wealth Report - WSJ

"Patriotism" and/or "Love it or leave it".

One or the other.
A line in the sand.

[Esel Mann]

Originally Posted by McLovin

That's a new one.

Woaa there! Why not quote the entire line? Reason being I provide the basis for my statement.

If cash is an asset what does it fall under? Tangible or In-tangible?
Take a poke around the internet. You will find debates among accountants about what is cash make PARF a civilized discussion.

No I'm not an accountant. But I do handle the books for my business 364 days a year. Then on the last day I punt them over to my accountant to un**** up everything I did for the past 364 days!

[RWebb]

the other problem with going 100% to cash is that you will miss the surges upwards of equities - and they are unpredictable

thx for the info on cash maybe not being an asset, Edsel

[DARISC]

Originally Posted by Esel Mann

Take a poke around the internet. You will find debates among accountants about what is cash make PARF a civilized discussion.

Really? Seems pretty simple to me:

"Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset)." Wiki

[Scott R]

Originally Posted by john70t

"Patriotism" and/or "Love it or leave it".

One or the other.
A line in the sand.

Money has nothing to do with patriotism. Only money is money.

[Hard-Deck]

I went to cash before the Tech-Wreck and never looked back. I've invested in excellent things other than stocks. Best decision EVER for us.

Originally Posted by weseeeee

I went to cash on election day, so far it has been the right move.