IMHO -- The market is working just as it should... The USA is NOT ready for higher interest rates... they will kill housing - they will kill autos - and the new taxes that the current Obamanites voted in (Obamacare) will suck too much money out of the economy.
Rates needed to just hold steady - and they need to hold steady for a year plus from now.
Here's the good news -- if you're in DIVIDEND paying stocks - and you're in great names -- then you're going to get paid every quarter regardless of what the market is doing "today" or "this week".
It's snowing hard in Sun Valley... think I'll go skiing. My checks keep coming...
So, guess who just opened up a Merrill Edge IRA account and Roth IRA account and funded them...
Merrill Edge is the discount arm of Merrill Lynch and have everything available to them that is available through ML...only the accounts are completely self directed with $6.95 trades.
10 minutes total to get them opened up and funded...now just have to do some final homework and devise my plan...
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Lance
1985 Monte Carlo SS Street Car
WE are going to see an increasing sell off -- because this market has more LEVERAGE and Margin accounts (they're at historically high levels) and there will be margin calls.... When that happens - the selloff become steep and swift.
We need it - and it should happen.
It busts me up that the TV talking heads can toss out the big numbers and are all about "wow -- 300 point selloff".... do the math -- that's a whopping 1.9ish %... We need a 500 point down day. That will take out a lot of the margin accounts - which would be a good thing. If you're stupid enough to be buying stocks on margin - then I'm happy to see you getting killed in the market.
Brian Hobaugh SCCA National Tour June 2014
First Hemi 'Cuda Convertible Ever Built
Short clips: Goodguys Pleasanton autocross and pit videos
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