re: Stock Market is about to drop 20-40% - are you nervous?

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was considering a massive withdrawal (I know it creates a taxable event and penalty) in late July when the market was not as down.

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Depends on your age.

If you're young enough that's not a good idea. You have to remember things are going down but your allotments are still buying and buying them cheaper. You can't really time the market. If you are young enough just keep buying and waiting.

Just pick well. Energy is probably the only thing that'll make shite this year.

I tried to time the market years ago and let 80k cash vaporize. If had had that to turn around now I'd be up 8 times what i am. I walked away with 10k profit instead of 80k profit.

I'd have 260k cash instead of 40k I have in now.

Can't time it.

Unfortunately, gotta let it drop. And get so bad the prog white women can't afford Starbucks, hair and nail appointments, or gas for their SUV. Before they wake up. When they have to eliminate luxuries to pay a light bill eat, they will change.

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Where are you placing your money?

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In the safe. Right next to all those things I've lost in unfortunate marine mishaps.

The accompanying depression that some predict could turn out to be problematic

Xiden would never allow that to be said, would he?

It would be cool if could go up through December and crash in January so I can actually put money in my 401k during the fire sale.

The markets will remain placid until the elections, then all heck will break lose. I believe the markets will drop like a rock afterwards, regardless of which party comes out on top.

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They've been saying this for 20 yrs

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The game of Wall Street Musical Chairs is about over.....the music is about to shutoff and the Banksters and Wall Street insiders have gathered up the chairs....no place to sit.

Just hedge funds prepping retailers for the next round of naked short attacks. You see, if people would just allow them to take illegal loans through naked shorting, we could all get along

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The markets will remain placid

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There's so much blindly wrong here I don't know where to begin. The market is down almost 16% since the beginning of the year, it's going to get worse after the Fed announces the anything more than a .5 increase this week (.75 is expected, .5 would actually make the market bounce up a little, a full point is may well cause enough of a selloff that day to trigger a circuit breaker).