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Stock Market Prediction (Bottom and Year End)

#43
(This post was last modified: 03-22-2020, 08:20 PM by HandsomeRob86.)

(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?

When I got rid of my margin 5 years ago, the Schwab broker talked to me like I was crazy. Not so much now. No bail in for me.

It takes 3 days for funds to actually settle, if they settle before that it’s on margin.


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RE: Stock Market Prediction (Bottom and Year End) - by HandsomeRob86 - 03-22-2020, 08:16 PM



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