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Hmm.. well as the Retirement Account goes.. by the time you need that gold, the gobs of cash in those safes will only be useful as wallpaper and you will undoubtedly need every one of those guns and more when the starving hordes find out you have that gold.
My guess is that before it all gets to that.. our government in its "infinite wisdom" (yes, a total crock) will once again confiscate our gold should the time ever come for us to depend upon it for our economic survival.
Long before any of that comes into play, our Government will pass a VAT tax to temporarily assure a kitty to support their profligate spending habits, they will institute new "means" tests that will exclude all but the very poorest seniors from drawing upon their Social Security and/or Medicare benefits and they will effectively steal the $15 trillion of our retirement balances in 401k and IRA accts., etc. via new Government Annuities, as they strip all other competing retirement investments of their tax deferral status to assure conversion into their government coffers.
It's going to be one long and rocky road from here to there and frankly, life as a trader, despite the lack of fair or level market access by all participants, is still quite enjoyable in comparison.
Can you help answer these questions from other members on NexusFi?
This has just been a needed correction. My bro in law had already taken leave of his senses on risk and was mad in march that he was "only" up 5% in the first quarter after the huge gains a monkey could have made in 09.
10k DOW will be another gift from the risk gods for all our long term accounts.
approaching flash crash level (1056). going to be another interesting day. the conditions are almost too perfect for a real bloodbath. I think volatility might not be a problem today. happy friday.
right about the open of RTH market dipped below the flash crash level. but didn't spend any time at all and got rejected. followed by a huge run up. another positive sign was the strong up move into the close. those two factors are normally bullish signs. but for me the outlook remains uncertain.
when I started this thread I was hoping someone would make a certain statement. well it never happened. but I found the statement I was looking for in another forum:
"Most people are influenced by others way too easily
Can you just see the idiots, sitting at their little desks, with their Bloomberg Terminal, and the latest streaming news, changing every fraction of a second
They are all a bunch of Dumb Ass Traders, and, if you think that any of them are going to show you how to make some real good money trading, with your own accounts, then FORGET IT
They are like the production line, little robots sitting there and hitting little buttons when they see what they have been shown to see
You need to get this so-called "Professional Trader" status out of your mind, for, there is no such thing, for, the majority are just like trained little puppies that do EXACTLY what they are told, and long may they continue
And, I AM VERY SERIOUS, no kiddin"
I can only say bravo. you would be surprised how many professional traders actually lose money. of course there are some with huge profits, but they have something you don't have. it's called "FRONT RUNNING" and or "Connections". yes trading is that easy.
