I will keep my investment plan for the rest of my life. I have made mine. Don't mine jumping in for a day or two but putting my money at risk is not an option.
PE's look good, earnings look good, everything looks good at market tops. That is why the market is at top. They do not ring a bell at the market top and tell you the bear is here. The problem we have now is the FED want it's money back The bank have the FED's money and it is invested in the markets. Remember the London Whales They are not not the only bank doing it. There will now be fewer dollars to buy stock. How this will end no body knows because it hasn't been done before but we are going to find out. One thing for sure when crisis is over the top 1% will have more money. The only solution for this problem is our tax system and they are not willing to change it. If you keep your money in the market it will be your money.
They are going to take your money and give it to the poor because that is the system. You do not have the lawyers that the top 1% have so you will pay a higher rate than the top 1%. Every year the top 1% accumulate more and more money. This can't go on forever because eventually they will have all the money. Think you people have to be brain dead not to see what is going on. Keep your money in the market and once you figure it out it will be too late. They will take all your money and you will not have to worry about taxes. The last down turn they took a lot of the money and those people never got to retire. Where did that money go. The top 1% got it.
Yes, the tax should apply to everyone. Don't you agree we cannot allow the top 1% to accumulate all the money. Anyone that isn't brain dead can understand this to be a problem. What is your solution?
Either Warren Buffet lied to us when he said he had a lower rate than his secretary or some republican lied to us when he wrote the Forbes article. Don't always believe what you read. You are correct the Kardashians and A-rod do not deserve what they are being paid just as todays CEO's do not deserve what they are being paid. Our tax system can solve the problem if we let it. Problem is the tax system has been set up by those with the money and they do not want change. Obama wanted to change the system by making those with the money pay more but that did not go over big. The republicans want to change the tax system but they want to get the money from the poor. That will not solve the problem of the top 1% having all the money. We have a country which is loosing it's middle class. More and more people are becoming poor. I do not want to see our country like a third world country where a few have all the money. There is only so much money to go around and it needs a better distribution so we can have a healthy middle class. We need more democrats in Congress so we can change the tax code to allow the wealthy to pay more. Think the other solution is a revolution. When you get too many poor people with guns that is not a good thing. I am hoping everything can be solved peacefully.
Obama is not classified as the top 1%. You need more than 6.8M to get there. The RULES are the laws which were made to allow the top 1% to accumulate most of the money. I am reminded of one of the rules every year I file my taxes. Why is the percent I am paying higher than the percent that Warren Buffet pays? Maybe we should go back to the tax rates in 1960. Any thing earned over $400,000 was taxed at 91%. Why do they allow these corporations to hide their gains oversea? If they loose their money they cry to the FED and the FED takes money away from me with Zero interest rates and gives it to the banks. Can't you see what is going on. It is destroying our country. Congress keeps pushing the trickle down theory and it doesn't work. You give these boyz more money they do not create more jobs at least not in my country. Why don't you explain to us why the top 1% deserve all the money. Do you think they work harder than their fathers so they should be worth so much more than the worker? Do think people who shuffle around pieces of paper should make more money than someone who makes a actual product? Tell us why they are entitled to all the money.
Using the new Yahoo site is a problem so had to open up a new topic. When you repeat something I have said you should give an explanation. Do you think the top 1% should have more and more money. What happens when those at the bottom have no money. Should they just die and decrease the surplus population? Maybe it would be better to change the rules so we have a better distribution of the wealth.
Guess you agree with me that the banks got the money so now they have to pay it back unless the FED changes it's policy. Don't know where the banks have their money invested but probably not much in housing. They can make more money playing the markets. Maybe in China, Turkey, Argentina, Europe,........only the banks know where the money is now. The FED wants it's money. I know everyone likes the fundamentals of UTX but all these stocks will look good at a market top. When the bears raid the brothel they take all the girls. They should have put these bankers in jail 5 years ago but they didn't so now we have to see the same old game again. I do not have much money in the market but this scares me. The FED already has the rate at Zero so that takes away much of what they can do. The real problem that needs to be solve is the top 1% have all the money. It is hard for people to buy things when they do not have any money. We need to change the rules so the top 1% do not have all the money and I am not sure they are willing to do that. The bankers have the politicians in their pocket. We have the best government money can buy and that is the problem. Hope it does not take a revolution to solve this problem. This will not bother you KID because you always make the right trade but others will loose their money.
You seem to realize the banks got the money but when I posted this KID told me I was wrong. I don't know who KID thinks got the money but I was hoping he could explain this to us. Think we will have to wait until the market starts up again before we hear from KID. He only likes to come out when the market is going up. One thing for sure the banks will have to sell something to get the money to pay back the FED unless KID is right and someone else has the money. Hoping KID can explain this.
I am still waiting KID for you to explain who got the money that the FED has put out there and who is going to have to give it back now that the easing is over? You told me I was wrong so can you explain it to us. I didn't get the money and no one I know got the money. Did you get the money? If the banks got the money they are going to have to give it back. That means they will have to sell something. Last time the banks had this problem their money was tied up in the mortgage market. Now the money is in the stock market. Maybe you can explain how this is going to end. The FED has never done this before so I do not know. You like to bring a lot of humor to this site but losing your money is not funny. This bull has been going on for 5 years. Do you think it will go on forever? Jim Cramer mention this morning that the monetary crisis is temporary. The problem is all these markets are tied together and whatever one of them does effects other markets. Jim say he has seen this before but he has never seen what the FED has done before. The FED has never done this program before. Can you give us a little assurance that everything will be OK?
This bull market has been going on for about 5 years. That is pretty long for a bull market. Stock will look good at the top because that is why they are at the top. What will make the market turn down no one knows. The reason the market is up now is because of the money the FED has given the banks. They did not give me the money or anyone I know the money. KID does not think the banks got the money but he hasn't explain yet who got the money the FED has created. If the banks got the money and the FED starts taking it away the banks will have to sell stocks to give the money back. Does not matter how good the stocks are because the banks will have to sell them. I could be wrong and for sure KID will explain to everyone how I was wrong in the past but I will not lose my money. The FED can manipulate the money all the want but the only way the will get my money is with income tax.
KID since you are such an expert on things maybe you can tell us who is getting the money the FED has put out there. Who do you think got all the money the FED has created? I did not get any and no one I know got any money. Did you get some of the money? My thoughts have always been the banks got the money and that is the reason I can't get any interest anymore. Why would the banks pay me interest on my money when they can get all the free money they want from the FED. All this money creation has gone to the banks with the stupid theory if we give the banks the money it will help our economy. The only thing it has done is give the banks more money to invest. Once the FED starts pulling this money out of the system the banks will have less money to invest and the markets should go down. This has never been done in history so it is hard to say what the results will be. Maybe the market can keep going up forever and we will never have to pay for what we have done but we will see. We can probably keep printing money forever because that will keep the stock market up. You live in a fantasy world KID and anyone listening to you is a fool. You are good for a laugh and that is all.
The stock market and UTX are going up because the FED has given the banks all the money. The banks will use the money to play the stock market and move the stock prices higher. The problem will come when the FED takes the money away. Think that is why we have seen the market start down the last two days. If the FED keeps taking money out of the system think the market and UTX will keep going down. The banks will have to sell their stocks to give the money back to the FED. We have something going on I have never seen before so it is hard to say how it will end. Could be some dark days ahead. I will keep hanging out in the stable value fund and hope for some wild swings so I can jump in the market for a day.