I think stocks are still good for 3-4 months yet.
Has to be a big correction coming though.

It will probably melt up first, huge stimulus/money printing will probably happen. Then the crash will happen soon afterwards.

Bitcoin is nearing 40k, dunno what gold is doing but it's probably rising. My crypto portfolio has doubled in the last week and tripled since the election. Dollar is tanking

According to the show, Gold Rush, gold is rising.

Our country is in irreversible DEBT. When the whole plandemic started i thought it was just an excuse to print more money to save a crash from coming. It sure seems that way. It has all got to collapse at some point.

A lot of people where I work have been raiding their 401(k). One of the guys I work with took $100,000 out of his and put it in the bank. What affect is that having on the markets?

Probably not much. When you compare it to the 200-300 billion dollars per day traded just on NASDAQ. Add all the other exchanges and it's a lot more than that.

I wonder what your colleague's motivation was for that transaction ?? It seems odd to me

I think he was afraid the market was going to tank. He did this about two months ago.

But normally there is the option to move to cash inside the structure of an IRA, 401K etc without making an actual withdrawal.

Well he will have to add that to his income plus a 10% penalty for early withdrawal if he was under 59 1/2 hears old.

I assume he knew that, white. I'll quiz him next time I see him.


Is that under the rules for this COVID relief thing? That's how he took it out.

I would sell corn or beans now to as the market is over bought, but by how much is the billion dollar question. If you don't want to sell try to buy some puts to protect prices as much as one can. If these prices hold into February when the crop insurance coverage prices are set one could be paying a lot more for crop insurance to protect prices that are already shown to be considerably lower for next year.
As to the market I am holding. I have survived 1987, Y-2K, 911, 2009 etc. etc. and holding course has worked well for me.
Bryce

Boy you got me there, I don't know about early withdrawal rules dew to COVID. They did extend the mandatory withdrawal age one Year to 71 1/2 years so I got the opportunity to wait one year.

There are some waivers due to the covid stuff. So i think he's probably ok on the taxes and penalty. I also think he has three years to repay the money back into his 401K


https://www.cnbc.com/2020/11/16/few...covid-19-rules-for-401k-withdrawals.html

Lol! Me too.

I have no intention of selling any equity/bonds at all. I have read thou that a 15% sell off early in this year would be a reality. I will ride the storm out even if it takes a year or two. I buy and hold and hunker down when the skies are uncertain.

I may crash and I beleive a 30% drop or more is called a crash. We all have seen those 3 to 4 bad times through the years.

I actually believe markets will get very strong after things settle down. More regulations more dictatorship leadership will have supply/demands in a revved up gear.

20% is considered a "crash". I consider it an opportunity

Thanks.

I invested all that I have made in life in "NEWT'S WORLD"
Enjoyed every penny.
Tho I did put some away for a rainy day

It rained last week

Aren't stocks really just loans that instead of paying back with cash, youre paying it back with
Increasing the.value of the company and the divedends are the interest payments. Just a loan with a really loose contract.