Is the stock market going to tank?

**4matic** · 05-21-2013, 10:51 PM

Originally Posted by neufox47

Yea, then I have to pay like 40% taxes on it. If stock price remains static, I make another 13% over the next two years with dividends and tax avoidance. Thinking ill leave it in until I get uncomfortable with the stock or I hit the two year mark. Then start selling it and moving it to an IRA.

Company matches 50% of 401k up to 7.5%. So I've maxed that out.

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One year is the long term holding period?

**Benny Profane** · 05-22-2013, 05:40 AM

http://blogs.telegraph.co.uk/finance...p-bet-on-boom/

**reganized** · 05-22-2013, 06:25 AM

I'd happily give everything I got to Renaissance Technology to invest in the Medallion Fund! Those bastards have mastered big data and can predict the market!!!! Most hedge funds throw shit against the wall and hope it sticks!!

Although their CFO skis at Stratton.....

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**Mazderati** · 05-22-2013, 08:22 AM

Until the market turns volatile. Renaissance had a tough time in the later 2000's, much like other quantitative funds. There's no doubt their performance in consistent markets is insane. Girl I work with is interviewing with them.

http://www.institutionalinvestorsalp...Rich-List.html

**4matic** · 05-22-2013, 09:59 PM

1000 point range on the Nikkei tonight.

**neufox47** · 05-23-2013, 04:31 AM

Originally Posted by 4matic

One year is the long term holding period?

I'm buying this through an employee purchase program. So one year from June 30, the date I officially buy the stock, any gain from the increase of the stock price becomes a capital gain. Two years from June 30, the gain from the employee discount becomes a capital gain. At least that's what the company says.

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**Benny Profane** · 05-23-2013, 05:16 AM

Look out below.

**up an down** · 06-24-2013, 06:52 AM

Originally Posted by Benny Profane

Look out below.

^^^^^^^
that is my sentiment today. i am selling

**liv2ski** · 06-24-2013, 07:14 AM

Bonds still selling off??? There goes the refi market. Fuck the stock market, it doesn't pay my bills.

13 · 06-24-2013, 09:12 AM

Who's buying?

**Benny Profane** · 06-24-2013, 09:27 AM

You know, I try not to time things, but the old adage "sell in May" statistically is one to follow.

**mud** · 06-24-2013, 10:37 AM

Buy when there is blood in the streets.
Lots of good deals out there today.

**Timberridge** · 06-24-2013, 10:54 AM

Originally Posted by mud

Buy when there is blood in the streets.

You forgot the rest of the saying...

"as long as the blood is not your own."

Last I checked market was up over 10% for the year. Hardly bloody streets.

**4matic** · 06-24-2013, 10:57 AM

Not a lot of momentum to the selloff, yet. I have support at 1560, 1530 and then down to 1440. I averaged out of stock to less than 10% but I rolled into pimco total return over the last month figuring the stock selloff would help bonds but im getting my ass kicked there too. Cash is king. I've been watching the China market because chart has been showing lower bias and now there is news to back it up. China stocks could collapse to 1200 SSE.

**mud** · 06-24-2013, 10:58 AM

Cheaper than last week poindexter.

**4matic** · 06-24-2013, 11:00 AM

Originally Posted by mud

Cheaper than last week poindexter.

DAX took back all it's gains for the year and so did Nikkei. USA is not special.

**mud** · 06-24-2013, 11:01 AM

Thank you Bank of China!

**Benny Profane** · 06-24-2013, 11:07 AM

Originally Posted by 4matic

DAX took back all it's gains for the year and so did Nikkei. USA is not special.

Yes we are! Millions of kids are told that every day. USA, USA, USA!

**Timberridge** · 06-24-2013, 11:12 AM

Originally Posted by mud

Cheaper than last week poindexter.

I heard tomorrow will be even cheaper.

**LeeLau** · 06-24-2013, 11:25 AM

Such fun to watch. More red please

**4matic** · 06-24-2013, 11:28 AM

Originally Posted by liv2ski

Bonds still selling off??? There goes the refi market. Fuck the stock market, it doesn't pay my bills.

Treasury catching a bid. Finally. Let's see if we get any divergences from recent pattern.

**mud** · 06-24-2013, 11:53 AM

Mortgage Bonds are actually a lot better than this morning. 65 bps right now from 125bps. Most of this selloff is private investors panicking. If it wasn't for the news out of China stocks would probably be rebounding.

**4matic** · 06-24-2013, 10:01 PM

SSE collapsing again tonight; down another 4%. Nikkei falling apart too. At least Treasury is rallying.

**icelanticskier** · 06-25-2013, 06:07 PM

mmmmmm, nice to not have to think about the 6% annuity. leave it, add to it, whatevs. no fuss no muss.......

rog

**4matic** · 06-26-2013, 12:51 PM

One of the greatest traders and a market visionary:

Financier Marc Rich dies in Switzerland

GENEVA (AP) — He was a wheeler-dealer pardoned by another consummate dealmaker, a working-class Jewish boy who left Belgium to escape the Nazis and rose to become the billionaire "King of Commodities."

Marc Rich's connections to the rich and powerful not only made him fabulously wealthy but when he was indicted for fraud, racketeering and tax evasion on a grand scale, they helped secure him a pardon from Bill Clinton, hours before the U.S. president left office.