Market Meltdown

[DoubleDownSoft21]

Is today referred to as a melt-up? Or is melt up like front counting?

Nope. Monday action was a deadcat bounce. Usually after a horrific day, the deadcat bounce follows, maybe getting back 1/3 to 1/2 of losses. Many felt last Tuesday we would see the bounce. It took an extra 6 days. Charts are broken. Sell rallies until the charts are repaired.

[Midwest Player]

Is today referred to as a melt-up? Or is melt up like front counting?

Every year in the U.P. we have a melt down. Most folks are jumping for joy.
http://www.mackinawcity.net/mackinaw...lebration/434/

[seriousplayer]

Conclusion:

Top 1% knows it is bad. They coordinate their efforts to sell their stocks on Friday and today. Then they will let ordinary people know there have already thousands of infected people walking freely for up to one month already. The stock market will collapse again. But top 1% are front runners again and took less damage on their fortune. CDC is also a tool for them to slow down the discovery period.

For beginning investor the damage won't be as big; a $6000 investment for example. Their lost might only be $500 but it is different for someone who has $500,000 invested.

[Sharpe]

Trouble is when you make a monthly withdrawal from your 401(k) it usually comes out of all your funds in the 401(k) on a percent basis. If your 401(k) is 40% bonds and 60% stocks, the withdraw will be 40% from bonds and 60% from stocks.

Which is why you should meet with a CFP professional. They can help set up a plan to avoid this scenario.... while keeping your assets in the 401k.

FYI; you can sell a position and leave it in cash from your 401k, then withdrawal the cash.