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Stock Market Prediction (Bottom and Year End)

#37

(03-20-2020, 03:30 PM)Byron LeftTown Wrote: I don't expect a market turnaround until we see a virus turnaround.  There are some hopeful signs, like possibly finding an effective treatment regimen, but the economic pain will continue until people get back to work and even then it will take time.

Other cracks in the financial system are widening, especially with regards to liquidity.  I have an anecdotal item from another forum where a guy sold a stock in his Schwab 401k account and wanted to buy another stock, but Schwab kept 67% of his sale proceeds as "Cash on Hold" whatever that means.  He is assuming they will release the remainder in 3 days when the trade settles.  Anybody else seeing their broker hold funds like that?

Trying to trade within a 401k account is different than trading in a brokerage account.  It could be me but I have never seen the ability to purchase individual stocks within a 401k other than your company's stock.  Most of the choices are usually mutual funds.


There are 10 kinds of people in this world.  Those who understand binary and those who don't.
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RE: Stock Market Prediction (Bottom and Year End) - by jagibelieve - 03-20-2020, 03:51 PM



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