tracking 6 PC ratios 100% of them are bullishThe close on Tuesday was 80% bearish as was FridayJay
This is really something to watch. I can't say it any clearer.. after yesterdays blatant attempt to goose the market, I was convinced they'd try and keep us there, even though the economic news would be horrid. But no... all they did was give us headroom so they could sell us off today.
ARMS INDEX TODAY = 5.2595% DOWN Volumewould normally consider that very bullish.Jay
Up 120 yesterday and down 280 today...let see, tommorrow we should close UP about ~ 160???
I was forwarded an article that raises my eyebrows. But.. because most articles have some modicum of "agenda" injected in them from the author of the article, you can't just take anyone's word for anything. I guess that holds true for me too, if you see me post something you find absurd, don't just blow it off, or accept what I've written, get involved do the research. I can assure you that I don't ever write about anything that I don't believe. In any case the article that I was forwarded is this..http://www.thenewamerican.com/index.php/usnews/politics/3478-obama-administration-plans-to-seize-401k-retirement-accounts
So are they really coming after your 401K? You bet. One day, in a relatively short period of years, you'll no longer be in control of your entire 401K. I have seen a lot of changes in the past several years already as Wall Street itself has been pretty darned upset that you have the gall to move your money around inside your 401K and sometimes like to park in "cash". They hate that and more and more I have readers write in that they can no longer move their money around daily, weekly or even monthly. I'm seeing some plans where you can't move your money except 4 times a year!!! What????
The market should remain strong. I know it's fake, it's an illusion, it's built on a fallacy. But it is.. what it is. Bernanke money goes to Wall Street first. Then into the economy. Wall Street's doing fine.. main street is slowly dying. Don't you just love our CORRUPTED politicians.
J - My guess is that tomorrow we'll open weak, roll south a bit and then see them try and make their first stand. But.. there's been so much technical damage done today that I certainly wouldn't be lured into buying the dip.. not yet. It's got too much to prove first.
Abdullah401K restrictions involve how much you can borrow from it.People borrow $$ from a 401K for emergencies or other uses, and have a hard time paying it back.It does make a lot of sense to borrow from it at extremely low rates since your earning interest or gains(hopefully)on your mutual funds.If you change or lose that job, it must be paid back in full.
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