For weeks I have been saying that the S&P 500 could be setting up the first phase of a crash starting in the last week of February.
Today, the S&P sold from the open and closed at the low on the 50 day moving average. The market was very weak. Last year this happened selling did not stop until late March and markets are even more susceptible to the crash in 2021 due to all the fake money pumped in to juice it to the highs.
If the 50 day moving average can not hold for another bounce, we could be looking at 10-15% downside over the next month for the first phase of a bear market.
I’ve included links to my prior posts that go into detail about how and why I think this will happen.
One thing is for sure, having the market crash within 3 months of taking office will put the Biden regime and the DemoRats on the defensive and further discredit their stupid platforms that seek to antagonize Trump and his supporters while the economy crashes.
most funds give you the option to put them on hold... Sell your volatile assets and then hold money in your acct for future investing when you want to dip back in
This is crash phase 1 not the mother of all meltdowns yet. I don't know your situation so I can't tell you about how to save for retirement. All I can say is that at this moment don't get cute by trying to by the dips next month if this sells hard and you should probably allocate more to cash and money market.
thanks, I need people to understand that Biden's reward for stealing this election is that he will be at the helm for the mother of all market melt downs. All the dem bullshit will be derailed by crashing markets.
All these people saying "crashing the economy is part of the plan" are fucking insane. The banks will fail and the Dems will lose seats in congressional districts and in the senate that they will not get back for fucking decades.
As someone who has a lot of money in their bank (federal credit union) account (Don't want to be specific but over 1k in savings and 1k in checking) when should it be a good/safe idea to pull money to avoid losing it when market crashes?
if you're talking about total bank failure nuclear winter scenario that is years out. This is a phase 1 market crash. It will crash hard 10-15% probably, then recover over the summer then probably crash again later this year but bigger.
I am not a fiduciary and not giving financial advice
Are you talking about pulling cash from checking and savings? That is the way I read it. You shouldn't have to, as those are cash accounts and not investment. If you think there is going to be a bank collapse, I don't know what to tell you. I pulled around $10k to keep cash in my safe thinking that if there was a short term run on banks, I wouldn't have to worry about it. It is not like the 20s and 30s, you should still be able to swipe your card for transactions.
If you are talking individual stocks or retirement account mutual funds: If in stocks, it is based on your individual tax strategy. You can sell now, reap the profits, and the taxes (before Slo Joe raises the rates). Or you can wait for a crash, sell at a loss and get a reduction in your taxable income. If in 401k/IRA, you can rebalance your account into 100% Money Market, which is what I did. There is no tax penalty here, as the funds remain within your retirement account. I also have a brokerage IRA, and sold some stocks at quite a profit - but they automatically stay within the fund as well, and I also will not incur a tax unless I withdraw the funds to my bank account.
No. I was looking at this post and have not made any investments in my life. I was thinking a stock crash would also lead to a bank crash. If this is not the case thank you for clarification.
I think it was in the great depression because people used cash. If your financial institution doesn't go under, you will be fine.
Now I don't want to be all sunshine and rainbows, but with the mortgage lending corruption crash of 2008, the FDIC was actually insolvent and would not have had the $ to insure the accounts like they say they are supposed to be able to do (because they were invested into the same shitty mortgage securities).
One strategy (if you have the discipline) for the short term may to keep just what you need for bills and discretionary spending in a checking account and pull all other cash out (besides any minimum your credit union requires you to keep in savings). I don't think it will get to that, but I have been wrong before.
I tell you this to put it in perspective and not to boast: I would lose my shirt if my bank collapsed - I have about $100k in my savings account and $250k in retirement accounts (I'm 40). I have that in savings because I am super risk adverse (I grew up poor, often eating cereal for all meals) - I lost about 2/3 of my unrealized gains in the market in 2008 because I was out to sea when the market crashed. I didn't fully recover those positions until 2015/16. That is why I move all my positions into money market two weeks ago - I can afford to forego the gains on the current uptick in exchange for keeping my capital on the 50-70% correction. I can't really take the savings out because the of the wife. I personally want it in my safe, but we do get a fair amount of interest by keeping it there.
For weeks I have been saying that the S&P 500 could be setting up the first phase of a crash starting in the last week of February.
Today, the S&P sold from the open and closed at the low on the 50 day moving average. The market was very weak. Last year this happened selling did not stop until late March and markets are even more susceptible to the crash in 2021 due to all the fake money pumped in to juice it to the highs.
If the 50 day moving average can not hold for another bounce, we could be looking at 10-15% downside over the next month for the first phase of a bear market.
I’ve included links to my prior posts that go into detail about how and why I think this will happen.
One thing is for sure, having the market crash within 3 months of taking office will put the Biden regime and the DemoRats on the defensive and further discredit their stupid platforms that seek to antagonize Trump and his supporters while the economy crashes.
Pay attention to the rising yield on the 10 year bond. It will be a major factor in crashing the market under Biden https://patriots.win/p/11SJtECEIz/pay-attention-to-the-rising-yiel/ 1.22.2021 PREDICTION: S&P Crashes 50% in 2021, Sooner rather than later https://patriots.win/p/11S0uRpLmh/prediction-sp-crashes-50-in-2021/ 1.18.2021 Biden Economic Collapse Watch: What I'm watching on the S&P 500 ( https://patriots.win/p/11SK7ICmlr/ 1.27.2021 Biden Economic Collapse Update - Crashing the S&P 500 with no survivors https://patriots.win/p/11SKGc8Muf/biden-economic-collapse-update--/ 1.29.2021 Biden Economic Collapse Watch - S&P gets bounce in front half of week but will it hold?
Biden Economic Collapse Watch - Biden's anti oil policies causing crude to rally despite weak global demand https://patriots.win/p/12hR2tX5Rm/x/c/4Dvobb8NAuH?d=50 2.4.2021 Biden Economic Collapse Watch - Signs of a topping market -NASDAQ hits all time highs without FANG stocks https://patriots.win/p/12hR2tWWsi/biden-economic-collapse-watch--s/ 2.4.2021
Biden Economic Collapse Watch - The S&P is looking a lot like it did last year right before the crash https://patriots.win/p/12hR7UVnbt/ 2.5.2021
Biden Economic Collapse Watch - S&P behaving nearly identically to 2020 prior to collapse https://patriots.win/p/12hRZcWvGl/
Biden Economic Collapse Watch - 10 year yield rallying approaching pre Covid levels will cap this equities market https://patriots.win/p/12hRZfw6lO/biden-economic-collapse-watch--1/ 2.19.2021
As Predicted - S&P 500 selling in last week of FEB - Biden could be fucked by a crash https://patriots.win/p/12hRizqrUe/ 2.23.2021
So, how does someone save their retirement when it's attached to the job? You can't get the money out unless you quit or retire.
most funds give you the option to put them on hold... Sell your volatile assets and then hold money in your acct for future investing when you want to dip back in
This is crash phase 1 not the mother of all meltdowns yet. I don't know your situation so I can't tell you about how to save for retirement. All I can say is that at this moment don't get cute by trying to by the dips next month if this sells hard and you should probably allocate more to cash and money market.
I traded the funds in my employer's plan and my personal IRA to the Money Market Fund.
It's simple.... Buy GME.
Your posts on this topic are top quality content fren
thanks, I need people to understand that Biden's reward for stealing this election is that he will be at the helm for the mother of all market melt downs. All the dem bullshit will be derailed by crashing markets.
All these people saying "crashing the economy is part of the plan" are fucking insane. The banks will fail and the Dems will lose seats in congressional districts and in the senate that they will not get back for fucking decades.
As someone who has a lot of money in their bank (federal credit union) account (Don't want to be specific but over 1k in savings and 1k in checking) when should it be a good/safe idea to pull money to avoid losing it when market crashes?
if you're talking about total bank failure nuclear winter scenario that is years out. This is a phase 1 market crash. It will crash hard 10-15% probably, then recover over the summer then probably crash again later this year but bigger.
You're only at risk if your money is invested
I am not a fiduciary and not giving financial advice
Are you talking about pulling cash from checking and savings? That is the way I read it. You shouldn't have to, as those are cash accounts and not investment. If you think there is going to be a bank collapse, I don't know what to tell you. I pulled around $10k to keep cash in my safe thinking that if there was a short term run on banks, I wouldn't have to worry about it. It is not like the 20s and 30s, you should still be able to swipe your card for transactions.
If you are talking individual stocks or retirement account mutual funds: If in stocks, it is based on your individual tax strategy. You can sell now, reap the profits, and the taxes (before Slo Joe raises the rates). Or you can wait for a crash, sell at a loss and get a reduction in your taxable income. If in 401k/IRA, you can rebalance your account into 100% Money Market, which is what I did. There is no tax penalty here, as the funds remain within your retirement account. I also have a brokerage IRA, and sold some stocks at quite a profit - but they automatically stay within the fund as well, and I also will not incur a tax unless I withdraw the funds to my bank account.
good point bro!
Thanks, great post yourself!
No. I was looking at this post and have not made any investments in my life. I was thinking a stock crash would also lead to a bank crash. If this is not the case thank you for clarification.
I think it was in the great depression because people used cash. If your financial institution doesn't go under, you will be fine.
Now I don't want to be all sunshine and rainbows, but with the mortgage lending corruption crash of 2008, the FDIC was actually insolvent and would not have had the $ to insure the accounts like they say they are supposed to be able to do (because they were invested into the same shitty mortgage securities).
One strategy (if you have the discipline) for the short term may to keep just what you need for bills and discretionary spending in a checking account and pull all other cash out (besides any minimum your credit union requires you to keep in savings). I don't think it will get to that, but I have been wrong before.
I tell you this to put it in perspective and not to boast: I would lose my shirt if my bank collapsed - I have about $100k in my savings account and $250k in retirement accounts (I'm 40). I have that in savings because I am super risk adverse (I grew up poor, often eating cereal for all meals) - I lost about 2/3 of my unrealized gains in the market in 2008 because I was out to sea when the market crashed. I didn't fully recover those positions until 2015/16. That is why I move all my positions into money market two weeks ago - I can afford to forego the gains on the current uptick in exchange for keeping my capital on the 50-70% correction. I can't really take the savings out because the of the wife. I personally want it in my safe, but we do get a fair amount of interest by keeping it there.