Forum Post: Sell all stocks at once (january 1st)
Posted 12 years ago on Nov. 1, 2011, 11:40 a.m. EST by rezhunter
(87)
This content is user submitted and not an official statement
If the 99% of us sold all our stocks in our 401k plans, retirement accounts etc etc, on january 1st, that would create a global melt down of wall street.
When there's no buyers market makers, are forced to buy. The guys you see wearing blue coats on the trading floors on tv, the same guys who sold then bet against the mortage crisis.
Take a risk'be bold. SELL SELL SELL
LOL, the market is closed on major holidays like New Years Day. You would think a "hedge fund manager" would know that..
Hahaha, I was going to say that
OK you caught me with my pants down. Did you like what you seen?
no, you need to see a physician about that..
The underwear gnomes strike again!
Step 1: Destroy the economy!
Step 2: ???
Step 3: SUCCESS!!
Yes destroy financial markets and the economy will follow. Sell all stocks hold gold and cash
Why are you under the impression that destroying the economy would be a good thing? How would that help the 99%? What is step 2 in your plan, and how do you define "success" in step 3? Are you an anarchist?
rez, your proposal doesn't solve anything. You are playing with rules they created and they mastered; you have no chance to win. You must redefine the rules if you want to win.
How? By decoupling our financial sovereignty from these risk takers. The process is simple: debt-free monetary system and mandate for 100% reserve ratio for all financial institutions. The difficult part is the conflict of interest. Governments do not need to borrow money; they can print money (this is the conflict of interest). After this transition, we can deregulate and let financial firms run freely (literally unleash them) as they can only destroy themselves. Currently their greed is our social debt.
You may already know what I'm taking about. I can expand if you are interested (but I'm signing out shortly after for today).
Does "rezhunter" mean that your are a recruiter looking for talented new hires from OWS?
No just trying to make a significant impact and stop people from getting arrested and useless protest and advise them to do something that actually works. If everyone sold their stocks, that day or week or month of declines would be imprinted on a graph of the Dow jones for the rest of human history. The OWS movemebt would be remembered.
I'll sell a bit before that. So will most of the bankers. If this works and you sell on jan 1st, you'll probably lose money.
Sorry, I love OWS, I just think this is a bad plan.
Tell everyone to start selling their stocks and watch what will happen. The only ones left will be the major shareholders with 500,000 shares so greedy not to sell because they don't want to give up their voting rights.
Aha sell sell sell is already imprinted in your head. A chain reaction that will produce the biggest financial ripple the world will remember forever. OWS has won a small victory but not the entire war.
Haha yeah. The markets are looking pretty uncertain these days anyway.
Now add the variable of 99% of OWS pissed off people wanting to sell all'at once. It would grab a billionaire by his balls. Spread the word and get the idea out in public. The sell off may not happen this year or the next but one day if we really together, we can make a difference
yeah lets just destroyed all the elderly who have their retirement fund from investing in wall street. great plan.
No have them sell the only ones who will be left ding the bag will be the major share holders with 1 million plus so greedy that they won't sell because they won't give up their voting rights.
you need to sell them on Dec 31st to get the tax advantage from the down economy.
The sell may not happen on Jan 1st of next year or the year after or on any other date, but only until when capitilism in the united states has become more fair or the OWS movement gets really pissed off, this sell'tatic will bring a financial blip that will go down in history
So people like me that invested in stocks, some of which have done very well over the years should lose it all? I love your line of thinking. Then again, according to you guys I am the one percent and don't have much to do with big business. Great stuff.
How are you going to loose it all if you sell? You know you`ll be all in cash. And my friend your not the 1 %. I highly doubt you own 2 million shares of a single company and some.
I did pretty good on some stocks and mineral rights at my farm so yeah, I'm above the 400K cut off or whatever you say the one percent is in cash and assets.
I'm a lot older then most of you, worked hard all my life, saved, lived as frugal as I could and paid cash as I went along the journey. Debt is stupid.
At any rate why would I sell when I still make a profit? That's not very smart.
Me too. I have my parents to thank. My mother's motto was, "I don't pay interest, I earn it". If you want something, save for it, negotiate the best deal and buy it. Paying someone for money is just stupid. I hated my mother when I was ten and she made me buy into a DRIP, instead of letting me buy that new bike, but that DRIP is no longer a DRIP and I have the dividends payed directly to me every quarter and I can live off of them. Back then, in the early '60's, you were investing in American companies who hired only Americans and you actually used the products you invested in. You could hire a contractor with a handshake and trust that you'd get an honest job done. We didn't sue each other, we helped each other. Now everything has to have a lawyer involved and you can assume that most people are out to deceive you one in way or another. Stock manipulation by day traders, using computers to eeck out a tenth of a cent on a million shares, bought and sold within ten minutes, is not investing in an American company or American people, it's destroying average lives and is partly to blame for the mess we're in now. If everybody sells at one time, these thugs are the one's who will benefit from it, just as they are right now. Invest in good honest companies that pay a decent dividend to their shareholders and grow an honest portfolio over time. Trying to get rich quick is not investing, it's gambling and not healthy for the individual or the economy.
400k is nothing like warren buffet said if you make 5 million dollar a year, your still not rich. With your old style of thinking you obviously know the meaning of true american hard work and by making the right choices you can make even more. The OWS movment is about bring down the ones who keep others from progressing, like billionaries who are only taxed 12%. And my friend what's your tax rate? That's the income inequality gap.
It depends on the income stream, if it's capital gains or not, if I did any logging or used my mill, there are a lot of variables but it's always as low as I can legally make it.
Whatever your income level and tax rate its still higher than a billionaier
Don't you need to buy some first??
Just do it how the investment baks do, sell stocks hot which causes more of a panic Sell
Sell hot? You mean sell short? Geez. Can you at least pretend to know something about stocks?
O minority partner. So on your commute to work pat yourself on the back, you are the 1%. But you still don't own a helicoptor and a private island
I'm not 1% and don't claim to be. Unlike you, though, I don't have Envy for those that are. You failed financially in life - get over it.
Am I envious and have I failed? Are you GOD? Or Do I just know how the game is played and know when to call it quits and would like to see my friend at the supermarket have a fair chance. Stare at your screen and read this text, I have enough cash and credit to wrap you up like a candy bar. You have no clue who I am.
LOL. I've read your posts. You also claim to be a Hedge Fund Manager, too. Now wake up and go get a job, you negative net worth loser.
OK kid
dont sell.. your stocks might become valuable... please read this if you dont know well what the stock market is.. http://web.cenet.org.cn/upfile/26130.pdf
Stocks are worthless, besides by the time you realize their going down, its already to late.
lol no comment if they are worthless then why people ever bought them...
Because the investment banks told Americans to put your retirement savings into stocks because you`ll make more money, but they forgot to tell us that they can also go down without letting anyone know. To make money in stocks, you have to get in before the other guy and get out before the other guy.
If you needed to be told how stocks work, you shouldn't get into the market. Do you hear how whiny you are sounding? The big bad market guys didn't tell me that all investments have risks. How could simple ole' me be capable of understanding that without it being explicitly pointed out to me? Personal responsibility. You want it for large corporations and you are right to want that but you should practice it yourself.
I don't own a single company stock. The lady at the grocery store who you see every single week and contributes her life savings to a 401k because crooks like yourself tell her to invest because the return in 10 years she`ll double her money. But the thing were not telling her is when to sell, and when she sees her life savings dwindling before her eyes, people like yourself are laughing to the bank . And what's your excuse, its capitalism. You greedy shmuck
People like me? I am a computer programmer who just saw his 401k value fall by 20%. But you know what? Long term it has gone up. Which has been the pattern with investing in the market over the last 70 years or so. Depending upon where you are in the age/work/retirement cycle should influence your investment choices. Everyone needs to either know how to adjust or enlist the services of someone who does. Again it comes down to personal responsibility.
I am not in the financial industry so your name calling is quite silly yet expected from someone who does not believe they have a need to be responsible for their choices.
You just saw you 401k hit. Investment banks created these financial instruments to increase the wealth but one thing they forgot to tell us, is when to sell get my drift. Like you said your not a financial expert and as you know what drives the market, manipulation. And from the past graph you can see the crash of 1929, 1980s & 19900s. Now think if every one sold stocks at once that instance in time would be on the graph forever as the oWS movement. Are you teaching your kids chinese? As an ordinary investor, you should know the 1% know the boom and future is in china
Again, it is not their responsibility to say when to sell. It is OUR RESPONSIBILITY. If I was older, I would shift my investments into less lucrative and less risky investment choices. As of now, I can take the peaks and valleys because long term the peaks are larger than the valleys. If you don't know how to invest, put your money in a money market fund or hire someone to help you. Don't blame "the market" for not telling you the day and the hour that you should cash in.
well they use your money anyways in stock markets lol with or without you knowing about it... so in the end if a bank falls your money is gone so yeah get it out hope you cash enough but still i would wait a lil longer ;)
Don t wait to long
i do agreed with that :)
They "forgot to tell us that they can also go down"?????? Sweetie...I think you just missed the MEMO. The 99% are well aware that the stock market is risky.
And if you plan to make money by "getting out before the other guy" gets out-perhaps you shouldn't go around TELLING the other guy when you want them to get out. They might just SELL before you do.
Idiot.
What would happen to the market if JP. Morgan announced tomorrow that they were selling everything? Then everyone would join in and sell also. Its not about trying to make money, its about starting financial chaos.
Here's the problem. While OWS says things like "we are the 99%", they are NOT, in fact, THE actual 99%. You could get 100% of the OWS behind your little plot, and in reality it would be MAYBE 10% of the US population. The only financial chaos you will wreak, is theirs.
What will you do then to help support the movement? Write to your local senator? The same one who votes to keep you poor
Please do that. The rest of us would love to pick up the bargains. And be sure to publicize it really well so that we don't miss out.
And if the stock keeps plumeting, and you tried to catch a falling knife
Someone has to buy for you to sell.. Hopefully a bunch of people can get some awesome deals from you schmucks!
Market makers are forced to buy when theirs no sellers, and market makers are the same financial firms that got american into this S hole
How can there be NO SELLERS if all you 99% are SELLING?
I don't know how can there be no seller?
"Market makers are forced to buy when theirs no sellers, and market makers are the same financial firms that got american into this S hole"
I have no idea...but YOU said it yourself. That's YOUR post.
This makes as much sense as saying "everyone sell all your beanie babies on Jan 1".
There has to be a buyer for each sale. If everyone is selling, then who is doing the buying?
Market makers are forced to buy when there are no sellers. That would crush the investment banks
No, they are limited by their funds and they will also lower their offer price to a very low level. You (as the seller) would then be letting go of your assets for very little money.
Anyway, there are SEC triggers that stop a rapidly falling price and prohibit sales for a day or two.
Your already poorer than the firm so taking a loss would have no impact on your life but it will on the banks. Be bold take a risk
Ok, now that you put it that way, I'm in.
Lets do it. Help me rally the troops. Tell'everyone to'sell
You do realize that most company 401(k) plans do not offer much leeway in the amount of stock is maintained in them right (You know, holding in escrow while the options vest)? You also realize that individual investors (the little people) have very little (if any) impact on Wall Street too right? I like the zeal you offer, but the plan -- meh, insignificant at best.
Mass selling equals massive losses
Mass institutional investor selling equals massive losses. What you are proposing will have little to no effect as the "big boys" gobble up the miniscule individual sell-off you propose.
That could happen but the other half of the banks would be crushed. The same banks that charge you 20% on a credit card, o kill you on late fees and penalties, the same banks that narrow down your life to a credit score so they control your life. Don't be scared be bold, take a risk, isn't that why your in the financial markets.
There it is again. This element of your movement that doesn't care who gets hurt. A stock market meltdown would hurt the poor way more than the 1%. You can try to get better accountability and changes without killing jobs and the economy. It is statements like this that really hurts your "movement's" credibility.
Not just Wall Street, your whole country will go into melt down. You do remember what caused the Great Depression's stock market crash right?...
Isn't american already in the poor house? Foreclosures, lost jobs, next well be slaves to china. All caused by greedy senators
Greedy senators and idiots who spent more than they could afford. I don't care if the bank gave you the money, people still did it on their own free will. No one forced them to buy fancy cars and big houses...
I totally agree with you. That's what the major banks want, that's why w have credit scores,so banks can have interest rate locked on us based upon future our earnings to have us as slaves our entire life. Did I explain that well enough. That's why if you sold all your stocks in the bank, their share price would be affected erasing the banks net worth
Uh...NO, the Bank's net worth does not equal the Bank's share price. You do not seem to understand the concept of how a company is capitalized. I would stay out of the stock market FOREVER if I were you. You clearly lack a basic understanding. Don't participate in things you don't understand.
Think deeper, who owns the bank? 'The shareholders the same ones who vote to raise bak fees and interest rates and get rich off your misfortune. And if the stock price plumeted who would be left holding the bag the major shareholders who will not sell because they would never sacrafice their voting rights. My friend unless you own millions of shares you a nobody just like the rest of us.
People who understand equities don't worry about share prices going down at times. They expect them to and they increase their holdings during those periods. Retail investor dumb money thinks that way.
Would you add BOA to your port during these times, at $6 a share? If your not worried about it going down like you said.
We use ETF's at our firm so I don't do much individual stock research. But, yes, if my expected holding period was 10-15 years then sure.
But the poor old lady whom you see at the grocery store every week and calls you by your first name invest her life savings into a 401k because we told her to but the thing we don't tell her is when to sell. And by the time its to late, her life savings has dwindled in front of her eyes. My friend, you just work at the firm, you don't own it.
Umm, it's a private firm and yes I am a minority share partner. And no, we are not commission based. We have full discretion on all client portfolios so we sell without her even knowing it until after the fact. Don't worry, we have asset minimums so I sure you wouldn't qualify.
Are you high?
You wouldnt even need all 99% maybe only 10%
But imagine if all 99% were involved.
So do what with 401k's move them into all bond IRA's or something?
You can do that, or hord all your cash. The point of selling your stocks is to create more selling pressure which in turn creates the loss of wealth for the rich.
Selling off your 401k means losing a lot of saved money due to penalties so what happens is I've just given a bunch of money to an investment firm.
Your not penalized unless you withdraw
Exactly, sell off stocks and buy...what?
Do nt buy nothing. Do your part in ows
which allows us to buy your holdings at rock bottom prices and create....you guessed it - Even More Wealth.
Maybe you would have enough insight to call a bottom, but if you took a big loss lets say 30% and market keps going down, would you get back in the market? Stop thinking of your self, the point of occupy wall street is to bring down the major banks. And if you Mr banker told all your clients to sell along side of us, think of the impact
Um....why on God's green earth would a BANKER tell all of their clients to sell along side of you-if your plan is to ruin HIS BANK??? Were you dropped on your head as a child? Repeatedly?
Do you want to see a billioniare be brought down to his knees? The same one who make money off your back be giving you high lines of interst credit?
I don't pay credit interest. Learned to live without the billionaire in my life a long time ago....probably while you were learning about hedge funds.
Everything we do is controlled by the billionarie as you know, only if you live in a teepee along the river bank with only a bow and arrow your safe. What will you do as an individual to bring down the billionaire if you had one chance?
First of all, as a reasonable, law abiding citizen who "does unto others as I want others to do to me" I would want to see proof and evidence that the said billionaire did in fact break the law or participate in a criminal act.
THEN, upon examining the evidence, I would prosecute said billionaire in a court of law WITHOUT destroying the livelihoods of every INNOCENT person working under them. First "do no harm".
Third, my life is great and if a "billionaire" somewhere is controlling that, then I owe him all my gratitude. I have a comfortable, warm, pleasant house I can afford. I have two cars that are paid for in full. I cut up my credit cards three years ago and it was one of the best decisions of my life. I have a beautiful, loving family, and great, amazing friends and live in a wonderful neighborhood where I know all my neighbors and love them dearly. I have EVERYTHING in the world, and I begrudge no one else what they might have that is "more" than what I have.
You on the other hand I would bring down without batting an eyelash.
Does'paying more taxes than a billionaire make sense?
I don't pay more taxes than a billionaire. And stop using idiot propaganda like everyone here is a moron. They aren't. And your arguments are not only stupid, they are insulting.
might want to do some research on selling short there, rez....you can make money in either direction, up or down...geez
And don't forget sideways. If people shorted the stocks, that just means more sell pressure.
and when the price plummets, the trader would cover the position and take profits..the short covering would cause buying pressure.
And if prices continued to go down? What would the traders then do? Remember in August when the market dropped, how many billioniares were erased. What can you do as an individual to make your impat on occupy wall street?
Not Likely to affect the 1%. They own 50% of Stocks and Bonds. If they are NOT selling on your magic date- NO IMPACT to the 1%. But, the rest of US will suffer from any further decrease in the Market. And then, the 1% will come in and buy all the low-priced stocks and own more assets. see ideas that will work:
http://fuzzythinker.WebStarts.com/ows-_fighting_points.html
Those ideas are great if I were a senator then I can make those changes, but how can the 99% make a major impact? By selling all their stocks all at once.
TEA has changed the way congress thinks about Spending: for every $1 of increased spending- $2 is cut elsewhere. YOU can learn from TEA on how to be Heard in Congress. You don't have to agree with their brew- just use their tactics.
My friend I agree with you, but you as an individual, how can you make a difference? As the 99%, how can we make a difference?
I have written my Representative, Senator and President. Their staff has replied. I am on the radar. I will be at their local vote-getting activities. They will be meeting with me before they are re-elected. If you do not like your Elected Ones- make a speech at the Primary meetings. You need only 5 minutes. Watch what happens next.
That sounds pretty good. I live in new mexico. Good luk with your representatives
Don't be so naive, we're already experiencing a global meltdown...
Then what the point of occupy wall street?
Did I say there was a point to OWS? I certainly don't think it will, or should save a corrupt system broken beyond repair...
Yes it is corrupt I totally agree. The a verge american has no clue how wall street works and the money that's made, and if this movement means anything other than a protester on the sidewalk, arrest them all wall street will continue to rule
What a terrible idea. The slowest sellers - retirees and normal 99%'ers on the west coast, most likely - would be shredded.
And then the 1% gets to swoop in and purchase the equities at discount rates.
This wouldn't create a global meltdown of Wall St., it would create record profits for private investors in Q2 2012.
How can a major sell off create profits. Sure maybe a few people would make money, but major banks like bank of america, jp morgan, goldman sachs would sure feel the pinch. Remember the average american has less than $100,000 in the bank. A loss in the financial system would mean our ordinary lives would still be the same.
Listen, do you know who is going to sell off and who is going to hold? Mutual funds will sell off, because they have quarter-by-quarter performance numbers. Do you know who invests in mutual funds? Not billionaires, that's for sure. Banks hold a small fraction of their investments in mutual funds. They may take a temporary loss in one quarter of a few percentage points. But all that mutual fund money comes from your grandparents and their retirement funds.
Do you know who will hold on to their equities? Banks, private equity funds, and hedge funds, who have strict rules on capital - private investors can only withdraw a limited amount of their investments at a time, and even then only at certain dates.
So what, you want to drive a stock's price down so low that the dividends will pay off the price of the stock in two quarters? And then what? Anyone with a dollar can buy up the shares and turn a profit off the dividends alone in a year. The price of the equities will bounce back so fast you'd think Newton clawed out of his grave just to say, "FU."
Here's the difference. The mom and pop retirees who put their money in last year, the ones you are asking to sell off for 10 cents on every dollar? They will lose 90% of their initial investment. The private equity and hedge fund firms that buy the stocks from mom and pop at 10 cents and hang on through your proposed joyride will reap a 900% return by next summer.
You know how the game is played. So you must agree my tactic would occupy wall street. Bring the banks down to its knees
If the goal of Occupy is to clutter up Wall St. with enormous bags of free money, handed to them by working stiffs at a pace so fast they don't have time to count them, then your plan would accomplish that.
I'm pretty sure this isn't part of the mission statement, though.
Lets work together. What exactly is occupy wall streets mission? To me its a bunch of college students protesting against something they have no clue about and even geting arrested for. This movement needs a clear defined goal and a leader. Or else we all need to shut up and watch the rich get richer and create jobs in china.
It's a bunch of people who can't articulate the problems they are having with the foundational philosophy of the world we live in. The philosophy itself has engendered the inability to speak out against it.
Whether or not they realize it yet, they are correct. They are morally and philosophically correct. They just don't understand how to explain it.
All else follows from that. They don't need a leader, they need leadership. The distinction matters. But they aren't ready for any of it, and they can't take the next step until they can articulate their philosophical foundation.
Exactly the blind leading the blind. I say next step, to make a direct individual impact, create massive selling pressure on wall street and see how many billionaires will suffer.
"Exactly the blind leading the blind." I will tell you right now how many billionaires will suffer: zero. None. Not a single one.
Please, just stop. Everyone's laughing at you.
Remember the s&p debt downgrade and how many billionaries were effeted.
exactly!
"How can a major sell off create profits".....umm, it's called shorting stocks....what a noob.....this is like a comic strip!
sell all of our stocks and take all your money out of the banks
that will show them
Create a panic sell. That will trigger stop losses set in place which in turn create more selling pressure
no one would panic, becasue smart (ie: non retarded) investors would just sell before all of you guys sell at once.
no this would not work.
Think about it, if smart money dumb money and retarded money sold for one week straight, what would be the outcome? Total finncial meltdown that would reach the pockets of warren buffet himself.
If everyone sells stock on January 1st I will bet you anything that nothing will happen.
Supply and demand supply and demand
Will you take the bet?
I'm a hedge fund manager
[Removed]
I thgnk he is man. And a fucking good one. Look up the January Effect and then look at what he wants you to do and see how much he has to gain
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haha ok that may be true. But still he has a good plan
Do you even own any stocks?? If you do (or if you have any idea of how the market works) you know this would NOT work.
You have no'clue how the financial markets work and your lack of understanding is obvious. But we need you my friend. Your voice counts. Continue your protest and inform everyone to sell everything on january 1st. We have only two months to organize the troops. Jack Abramoff, we need you.
hmm.. this ought to be good.
can you enlighten me as to how this would work?
Why am I tell a finance major who has a 6 digit port how the financial markets work? A waste of my time and your.
That was my question to your response:
unless you responded to the wrong person?
my point is that unless people (even with OWS) are retarded, they will frontrun and sell BEFORE the date.. which will lessen the impact of your 'everyone sell at once!' strategy. This is what i mean when i say 'how the market works'.
No one wants to be caught holding the bag.. its human nature.
Sorry dude lots of arrows I'm dodging. You can sell before that date, or on JAN 1st or even after, but either way the selling pressure would create wall street choas.
I like it. I started out this morning trying to blast out : Close your bank account now!
And it went down the being of the week. What will it do tomorrow? And if it goes up, another million dollar day for the billionaire
Silly rabbit! Announcing that "all you OWS" are going to sell off your stocks (I thought you were poor and downtrodden?) WILL CREATE a whopping buyers market. If you really get some steam on this, make sure you continue to announce it publicly will you? So we can "buy, buy buy:!
Announce the message to sell on every message board that you can. Tell everyone to sell because if you don't own 1 million shares it won't affect you. The only ones left holding the shares will be the greedy who will not sacrafice their voting rights
When you're poor-1) you don't own stocks. 2) even if you did, losing half of $100 affects you. (which indicates you've never met a really poor person) 3) if were were poor AND you heard that a bunch of idiots were going to be selling off their stocks, you'd have the perfect window to STOP being poor and become rich. Because EVERYONE is greedy to a certain extent.
Would the market go up if everyone sold? And would it create financial chaos that the entire world would see that the OWS movement has gained even more strength and unity. When the s&p downgraded the us, and the market collapsed, do you remember how many billions were lost?
Ummm... Except for the fact that the market didn't collapse. lol
You really need to stop digging. It's very clear that you have no clue what you're talking about.
And when the market collapsed, how many billions were lost
It didn't collapse after the S&P downgrade knucklehead. lol
The S&P went from ~1250 before the downgrade on 8/5 to 1119 on the Monday after and then back up again. It actually fell to a lower level on 10/3. It's now back to ~1261 as of today.
I didn't drop because of the downgrade? I remeber it dropping 4% that day and rising 4% the next then dropping again the next day, do you see the market volatility was caused. And there were billions wiped out. And there's a good chance there will be another downgrade. If you like it or not, a downgrade occured.
I gave you the numbers. You can go look yourself. A 4% drop is not a "collapse" as you claimed above. The market regularly sees larger variances over a given period of time. Volatility is not "billions wiped out" anymore than a 4% rise would be billions created. The downgrade largely was a relative non-event. And as I said, the net effect to date since has been basically little to none.
I never said that a downgrade didn't happen. Where did that come from? Now you're just trying to change the nature of your argument.
OK whatever buddy the s&p downgradrd the the us and the market dropped. That's the facts and it still hasn't reached the pre down grade levels and to this day people have lost 20% of their 401ks
The only way that they'd be down 20% would be if they bought all of their holdings at the top of the market. That didn't happen.
Give it up Mr. 'Hedge Fund Manager' lmao
What a plan. Have to get into some ETF's that short the market. I'll make a killing.
That and buy a few more boxes of ammo.
I'm a musician and I don't know much about the economy, but it seems rather obvious that when the markets are going nuts and fluctuating, whoever has the most money to play around with wins. They are more flexible, can look at more options, and can take more risks. This would simply be horrible for the 99% of Americans, especially those who sell a bit late when the prices are already dwindling.
Your movement and ideals are based on dollars. Isn't that what ows is all about
My movement?
You may not know much about the economy but you nailed this one on the head.
The individual, the pension plans, the 401Ks, and on and on would be decimated.
Seems that bring down the system is a bit of a favorite around here - with some folks anyway. I don't think they can follow the line to the end point though
NOt really considering everyone supporting this movement owns < 1% share in Wallstreet.
This would benefit the richer people who can be more patient and experimental with their many different holdings than the poorer people. Poor people who would not have much stocks or much variety of stock would have fewer choices and many would be limited in their choices because they cannot afford to take risks. Richer guys could wait and see on some stocks, and sell on others. In the end, they would win majorly. The person with more money and more varied stocks has the upper hand in such situations. A few days later, the disparity between the poor and the rich would be even bigger.
If I lost 50% of my portfolio, my life would be the same, but if a billionaire lost 50% of their portfolio, imagine the impact
What? If a billionaire loses 5 billion out of 10 billion dollars he's still a really rich fellow. If you have $100,000 in savings for your retirement and lose $50,000 it will hurt you much more. Then, of course, the billionaire can turn around and start buying rock bottom stocks like crazy. You can't since you don't have enough money left to take big risks. The billionaire does. A few weeks later, and he's richer than before and singing and jumping around in the streets. You're not an economist right? I'm a musician and I understand more than you..
I don't know the bmf bank just declared bankruptcy protection because of bad investments. Lehman is out of business because of bad investments. Now the lehman shareholders are on the same playing field as ordinary americans.
please do :) I'll buy all your cheap ass stock and make a fortune off of you idiots
Do you have the balls to catch a falling knife?
We don't have to catch the falling knife idiot. We wait for it to hit the floor, then we buy the knife for a song and then sit on it and wait for it to become a solid silver service with place settings for 12.
The people who play the stock market have bigger balls than you'll ever have AND enough scar tissue on their hands from catching knives that you won't even break the skin.
Did you catch the falling knife on bank of america stock. Look into your crystal ball and tell me how the greek crisis will play out.
I could care less how the greek crisis plays out. I have zero control over how it plays out. YOU are trying to CAUSE the greek crisis over here. How stupid are you?
No just leading a revolution. Which side will you be on?
I will be on the side that is acting to protect the innocent from being victimized by people pretending to be attacking their previous victimizers.
I will be on the side that does not advocate breaking the laws and destroying this country-just in a different manner than the people they accuse of destroying this country.
I will be on the side that values order instead of chaos. That uses reason and logic instead of rebellion and lust.
I will be on the side that demands a person and a company is innocent until proven guilty.
I will be on the side that very vocally calls you out as a lunatic FRINGE idiot who cannot spell and who lacks any degree of common sense.
And if you DO succeed in your "revolution"....I'll be the one picking you off at 200 yards with the scope on my rifle when your "chaos" staggers into my neighborhood hungry, thirsty and homeless. Got that?
Hey dude watch the movie casino jack. It'll give you a good political insight and also after you watch the movie, you'll join me. Its on netflix
You can have all the political insight you can stuff into your empty head, but you do NOT understand human beings, and you certainly have no idea what you are up against. I will never join you. But I'll wait for you. I'll be on the roof with a cold glass of lemonade and my rifle.
Oh, and I'm NOT a "dude".
Well watch the movie and you'll see what I mean. And what are you shooting? I just bought a browning 308 for my deer hunt saturday.
"And what are you shooting?"
Liberal zombies after the financial apocalypse you are planning. >:)
Awesome post. I'll be shoulder to shoulder with you, fellow true American.
There are more of us than rezhunter can imagine. :-)
lol ya. If all you idiots sell your stock, the price will go down, that does not mean the the companies actual vlue goes down, just the outward value. In all actuallyity, the company will be doing just as well on january 1 as is was december 31 or january 2nd. The only difference will be the price I could buy stocks at. You said you are a hedge fund maniger right?
The financial markets determine the direction of the econmy not vise versa.
Lol please explain to everyone the January Effect.
Why don't you hlp the movement and tell everyone for us and answer your own question.
No please Mr. Hedgefund Manager. Go ahead. This is investment 101. Explain to everyone how you would actually gain from people selling their stocks
I'm not gaining, its obvious this movment has no real leadership. Its headed by a bunch of college students hold signs on the sidewalks hoping to make a difference, but have no real clue what wall street is really about. Sell all stocks January 1st and see the effect of what 99% of americans can really do if. We act together.
Sigh, make me tell them then. The January Effect is when people sell all their stock in the week between Christmass and New Years. They get a lot of money and then when Jauary 1st comes arround, they buy all their stocks back, at a smaller cost, and make money. You're "job" depends on those markets. If everyone sold all their stock, you could make a killing buy buying $30 stocks at $15 prices, wait till the markets returned to normal levels, like they always do with the January Effect and you could double the value of the hedge funds you manage and get yourself a nice comission in the process
Or if everyone continued to sell like in 09 St OK prices would go rock bottom. What do u think would happen to bank of america a $6 stock if it faced continuous sell pressure? It would close its doors the next day. Thanks for explaining the january effet to everyone.
stock prices, not performance.
No they don't. the economy colapses, then the stock market. Not the other way arround. You don't sell a stock of a Fortune 500 company unless it looks like the markets are about to colapse not befor
Mass selling would drive down stock prices and your fortune 500 company, companies.
If people kept selling, then the prices would dwindle more and more meaning that at some point some smart people would come in and start buying at ultra rock bottom prices like mad. Hell, it could be people from other nations. There will always be someone who will want to make a profit. I would certainly buy low stocks if this happened. Your plan makes no sense whatsoever. It helps the rich and harms the poor.
Don't you remember in august the s&p debt down grade and how many billionaires were reduced to lower income status. My life stayed the same as a poor person.
No, people would buy to stocks cheap becuase the stock prices don't effect the business of the bank, they are independednt of the banks performance but
Financial markets determine thediretion of the economy
May God protect every person he manages a hedge fund for. He not qualified to be a motel manager in the Nevada desert.
starve the beast
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