The problem right now is there is too much money in the bank or on wall street, but there is very dry on the main street. I put all my 401K in something like TIP this July after it return back to 2008/2009 level. The young ones in my company, they don't put anything or minimum in their 401K. These without job for long time, they are digging into their 401K right now.
But wall street want it to be high, so everyone will jump in later to hold the bag. The problem, there isn't enough money to follow. By the way, if O8 to raise tax, mainly for cap.gain and div. next year. do you think the big guy will hold till then? if I were the big guy I would cash out some this year, why I wait till next year to pay more tax assuming the paper gain is still there? Push it higher then cash out.
There is not enough demand there to keep sufficient job. iphone is another story. The guy who just got laid off, he has two iphones.
You may think, if this guy is on cash right now, then the market will move higher. It will indeed. |
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发表于 2010-9-27 08:54 PM
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