Liquidation Day is here....................

[trayfoot]

Well, I did it - got my money out of the market. It may be a mistake, but I am not chancing another crash. The idiots voted in the same bunch of Wall Street/Banking enablers that screwed the people last time. My broker asked me why I was doing it, and I politely told him. Of course, he gave me the old "reTHUG party line" about things look better financially with the House in republican hands. I said, "Oh excuse me, who was in the majority during the last crash?" He said it would be different this time. I said thank you, but I am going with my gut this time around! He also was pontificating on how the HCR was something this country just could not afford. I countered with the fact that we cannot afford endless wars and excessdive tax breaks for the uber rich, either. He sort of gave up and asked when I wanted the transfers made. I said ASAP!

[FBaggins]

1. "I said, "Oh excuse me, who was in the majority during the last crash?"

We were.

One thing to keep in mind. The best this economy did in the last many decades (and IIRC, the markets as well) was with Clinton and republican congress.

I'm not saying it's a good thing... I'm not saying it will happen... I'm pointing out that watching political winds blowing is a lousy market predictor... as is "going with your gut".

OTOH, I can't see staying with a broker who didn't understand my philosophy and objectives.

[trayfoot]

3. Not when things really went out of control!

This disaster was created and implemented under the Bushies and their Congress critters - it was dumped in the lap of the 2008 winners!

[FBaggins]

4. We won both houses in 2006. n/t

[trayfoot]

5. I stand corrected on 2006

What happened from 2000 to 2006???

[FBaggins]

6. I have no intention of making excuses for them.

I'm just pointing out to you that it's lousy financial management to make bets in and out of the markets based on electoral changes. <s>Particularly when you're party still controls the senate and WH.</s> (On edit - scratch that. It's a bad idea regardless.)

Let's think on it this way. Take your current analysis that it's mostly actions taken by the republican congress from 2000-2006 that caused the crash. If the market is 40% higher two years from now... wouldn't it be likely that you'll associate that with the good work that democrats did over the last four years?

[trayfoot]

7. As I said,

it may have been a mistake, but with the "crazies" that were voted in to join the criminals already there, I believe this country is extremely unstable. All we need is for Rand Paul to stop the raising of the debt ceiling. What will happen to the markets then? I will put the funds in a safer venue. And the broker really pissed me off when he started giving me opinions on HCR and the financial regs. I've made some money in the market and I have lost some - but from today on, I will be making and not losing - maybe not as fast, but slow and steady is good for me, considering the current instability.

[hedgehog]

2. Hmmm... I'll be asking my husband about this.

Thanks fore the heads-up!

[JCMach1]

8. No way I would liquidate, but am closing a number of positions nearing highs...

All of these were quality companies bought during the last bottom. So most have risen 40-60% from there.

Now if I had only actually had 'real' money to invest.

Unfortunately, I have to measure my gains in hundreds of dollars, not millions.

[slackmaster]

9. I hope it works out for you

Cash is great to have, except when there is high inflation.

[trayfoot]

10. Thanks! It will!