taxmarc

Will the Bear Market Rear Its Head This Week?

With the vast majority of boomers and their pensions in equities and a huge number of them getting ready to retire, do you think the government is going to let this market go below 10,000? I don't think so. The gov't. can't afford it. My MIL is 78 years old and is working 3 jobs and even she has to liquidate a portion of her retirement under the
MDR rules of the IRS (minimum distribution requirement).
How do you think the gov't. plans it's budget? The gov't. has a vested interest in the equities market. Why do you think the gov't. has set up the The Working Group on Financial Markets (also, President's Working Group on Financial Markets or the Working Group) created by Executive Order 12631 signed on March 18, 1988 by United States President Ronald Reagan.
One conspiracy theory regarding the Working Group refers to it as the Plunge Protection Team. This theory claims that the Working Group is an orchestrated mechanism that attempts to manipulate U.S. stock markets in the event of a market crash by using government funds to buy stocks, or other instruments such as stock index futures.
The term "Plunge Protection Team" was originally the headline for an article in The Washington Post by staff writer Brett D. Fromson, published on Sunday, February 23, 1997. He did not invent the term. It was added later by a copy desk editor as a sensational nickname for the Working Group.

Will the Bear Market Rear Its Head This Week?

A little on the short side aren't you Mark?