germanpope said:ifyouhavetoask said: .... And then the 401k plan administrators??


The abyss is near

I am always confused by your reference to 401k's.
A 401k is a retirement plan which can be made up of a variety of investments.
the administration of a 401k is separate from the performance or the type of investments in it.

What does your thesis that equity investments in the United States are way over-levearaged, overvalued, and ready for crash have to do with a retirement plan administrator?

 

....

Something I've always wondered, and perhaps maybe IYHTA is implying....is that let's say you have a 60 year old person dedicated 100% to money market funds in their 401k. Their 401k administrator perhaps could see opportunity to invest more aggresively with that money, and pocket the profit. I would hope there would be audits going on to prevent this, but maybe that's what she is implying? If that is the case, it would be scary.

slomo007 said:Something I've always wondered, and perhaps maybe IYHTA is implying....is that let's say you have a 60 year old person dedicated 100% to money market funds in their 401k. Their 401k administrator perhaps could see opportunity to invest more aggresively with that money, and pocket the profit. I would hope there would be audits going on to prevent this, but maybe that's what she is implying? If that is the case, it would be scary.No, that would be too convoluted. IYHTA's real point is stocks are all scams, because companies lie in their statements. Not only AIG, C are doing it, UNH, AAPL, GOOG, everyone is there to cheat you out of your money! And Berkshire.

What puzzles me is why people bother reading her smiley garbage after the first 20 posts they see of hers. Had a great week with GE and Ford and activision and apple. Hopefully the fraud won't be discovered until after I sell.

I've said this for about a month and a half now, I'm in bull mode but very scared about it. To me it makes no sense for the long term to buy here, but I can't trade the market I think it should be I can only trade the market that is in front of me.

I still have my stance of that I'm long till SPY closes below 102.5.

On the day the DOW hits 2009 high I read Sprint laying off 2500 people, EA firing 1500, Pfizer closing 6 R&D facilities and another oil driller leaving US. Wall Street certainly loves layoffs.

I sold 80% of my gold holdings prior to the close.

these are estimates based on Sep 30 numbers:

35% us equity
20% international equity
10% TIPS
10% US govt bonds
~2% gold
23% cash

After riding precious metals since May 2001, I am comfortable with this as an exit point. I sold 80% July 08, bought more in fall 08 and winter 09, and am just done for now. Definitely not calling top here, but the risk/benefit equation is less advantageous now, with the USD index near an all-time low rather than an all-time high as it was in the early 2000s.

Priceline and Amazon winners today. Who knew William Shatner was still so popular?

ifyouhavetoask said:The funny part is watching people foolishly believe that equities will ride the inflation train as the dollar collapses. Not gonna happen. The dollar is not going to collapse. And the decline only helps US equity.

Equities also are buoyed by the unprecedented growth in productivity and company profits. I ask anyone who has or had real jobs to think how much of slack was in your daily job? I'd easily say mine is/were at least 20%. What is happening is the slacks are being squeezed out and companies are meeting the demand of their products with fewer worker, hence churning out good earnings. This actually can turn into a scary situation but currently nobody is too worried about it.

geebeebee said:nycll said:ifyouhavetoask said:The funny part is watching people foolishly believe that equities will ride the inflation train as the dollar collapses. Not gonna happen. The dollar is not going to collapse. And the decline only helps US equity.

Equities also are buoyed by the unprecedented growth in productivity and company profits. I ask anyone who has or had real jobs to think how much of slack was in your daily job? I'd easily say mine is/were at least 20%. What is happening is the slacks are being squeezed out and companies are meeting the demand of their products with fewer worker, hence churning out good earnings. This actually can turn into a scary situation but currently nobody is too worried about it.Exactly. Good for stocks; bad for future employment. I guess the question is at what point will the lack of employment come full circle and adversely affect bottom-lines?
Since large companies already derive much of their income from overseas (up to 90% in some DOW cases), not so much as some people believe. Internationalization is decoupling "the market" from "the economy", the two have been coming less and less correlated for some time. If my company is listed on the NYSE, but 99% of my income comes from Brazil for example, US unemployment has little affect on my finances.