[smallpoxgirl]

$this->bbcode_second_pass_quote('DantesPeak', 'A')ny attempts to drive the price below market levels will result in shortages,

[coyote]

$this->bbcode_second_pass_quote('MadScientist', 'I')t's the nature of a plateau running right beneath the ceiling. Every time you hit the top you get a little owie and drop back some.

Just wait till the ceiling starts to drop ><

[aflurry]

$this->bbcode_second_pass_quote('Nickel', 'I')t's speculators. People who bought at lower prices have realized the ceiling's been hit and they're taking their profits.

[joeltrout]

$this->bbcode_second_pass_quote('aflurry', '')$this->bbcode_second_pass_quote('Nickel', 'I')t's speculators. People who bought at lower prices have realized the ceiling's been hit and they're taking their profits.

[TheDude]

2008 Megaprojects for OPEC are peaking around now, AFK Ph. 1 is due to come online this month, full production is 300 kbpd. Sizable non-OPEC projects have been ramping up all year, Neptune in the GOM, Tawke in Iraq, Dunga
in Kazakhstan, ACG Phase 3 in Azerbaijan. Add in demand destruction/semi-strengthened dollar/semi-rebound in markets, and this price dip shouldn't surprise anyone that much. Now's the time to get a killer deal on a SUV!

[Micki]

As I mentioned before it looks like CB propping of USD which in turn has negative impact on commodities.

In LeMetropoleCafe today

$this->bbcode_second_pass_quote('', 'â')€¦So what happened to cause the dollar to rally over the past three weeks? In a word, intervention. Central banks have propped up the dollar, and here's the proof….

On July 16, 2008 (the closest date of the weekly reports to the July 15th low in the Dollar Index), the Federal Reserve reported holding $2,349 billion of US government paper in custody for central banks. In its report released today, this amount had grown over the past three weeks to $2,401 billion, a 38.4% annual rate of growth. To put this phenomenally high growth rate into perspective, for the twelve months ending this past July 16th, assets in the Federal Reserve's custody account grew by 17.3%, which is less than one-half the growth rate experienced over the past three weeks.

So central banks were accumulating dollars over the past three weeks at a rate far above what one would expect as a result of the US trade deficit. The logical conclusion is that they were intervening in currency markets…

http://goldmoney.com/

[mattduke]

$this->bbcode_second_pass_quote('', 'A') wide range of sweeping changes to the 401(k) system were proposed Tuesday at a hearing on how the market crisis has devastated retirement savings plans.

Chief among them was eliminating $80 billion in tax savings for higher-income people enrolled in 401(k) retirement savings plans.

[mattduke]

$this->bbcode_second_pass_quote('', 'C')ongress should let workers trade their 401(k) assets for guaranteed retirement accounts made up of government bonds, suggested Teresa Ghilarducci, an economics professor at The New School for Social Research in New York.

[Specop_007]

I just posted that on AT and was coming here to post it.

Talk about a load of stinking shyte. Punish those who save, reward those who borrow.

I dont even know what the hell to do with my money anymore.

[Eli]

Nor does anyone else Spec, this is fucking mess and is going to get worse.

Wait till Obama starts to heavily tax small businesses making over 250k, lots of people will be laid off.

[vision-master]

$this->bbcode_second_pass_quote('Eli', 'N')or does anyone else Spec, this is farking mess and is going to get worse.

Wait till Obama starts to heavily tax small businesses making over 250k, lots of people will be laid off.

[neocone]

401k's are also a liability when applying for any kind of welfare or help. For example after a wildfire destroyed his house an employee of my company applied for a modest help plan at my employer's only to be denied because he had "a retirement plan" from which to draw funds.

Same for getting in line at a food bank or whatever Depression II double plus will throw at us... expect to be considered "filthy rich" if you have even a dollar in a 401k.

Waiting to cash mine in Jan 1st after already taking a load against it January this year. Boy oh boy was it a good idea! Saved 30k on losses alone through that.

[vision-master]

$this->bbcode_second_pass_quote('neocone', '4')01k's are also a liability when applying for any kind of welfare or help. For example after a wildfire destroyed his house an employee of my company applied for a modest help plan at my employer's only to be denied because he had "a retirement plan" from which to draw funds.

Same for getting in line at a food bank or whatever Depression II double plus will throw at us... expect to be considered "filthy rich" if you have even a dollar in a 401k.

Waiting to cash mine in Jan 1st after already taking a load against it January this year. Boy oh boy was it a good idea! Saved 30k on losses alone through that.

[heroineworshipper]

"The solution to a big government is an even bigger government." Thus spoke the voters.

[sittinguy]

I don't know about all different 401k's but mine had about 10 different fund options. And 1 of them was a fixed interest acount(supposedly) not exposed to the stock market. Last November I saw the doom coming and moved the little bit I had to the fixed account. When managed online you have the option to move your money 1 time per day every day.

I figured out what I would have lost just in aug and sept of 08,,,, 2 months

13%

Mine seems to be insulated in this account. I have actually gianed a tiny amount since..

I have a question for anyone who has taken money out of their 401k?????

For me, I would have to take a 10% penilty, AND, claim the income on my taxes.

If this is correct, how did anyone afford to take a large amount out?.

I have plenty to pay off my house but I am afriad to do it because of the penilties.

[Eli]

$this->bbcode_second_pass_quote('vision-master', '')$this->bbcode_second_pass_quote('Eli', 'N')or does anyone else Spec, this is farking mess and is going to get worse.

Wait till Obama starts to heavily tax small businesses making over 250k, lots of people will be laid off.

[seldom_seen]

$this->bbcode_second_pass_quote('mattduke', 'I') stopped contributing to these traps long ago.

[vaseline2008]

$this->bbcode_second_pass_quote('sittinguy', 'I') don't know about all different 401k's but mine had about 10 different fund options. And 1 of them was a fixed interest acount(supposedly) not exposed to the stock market. Last November I saw the doom coming and moved the little bit I had to the fixed account. When managed online you have the option to move your money 1 time per day every day.
I figured out what I would have lost just in aug and sept of 08, 2 months - 13%. Mine seems to be insulated in this account. I have actually gianed a tiny amount since..
I have a question for anyone who has taken money out of their 401k??? For me, I would have to take a 10% penilty, AND, claim the income on my taxes. If this is correct, how did anyone afford to take a large amount out?.
I have plenty to pay off my house but I am afriad to do it because of the penilties.

[neocone]

In a contracting economy as will happen now and from now on forever (unless thermonuclear fusion becomes viable and we can expand throughout the solar system) 401k's will only dwindle in value and whatever money is put in will only catch falling knives.

Basically the reverse can only now apply to stock markets to make profits i.e day trading using shorts.

If your 401k doesn't do day trading using shorts, don't bother.

[fullerine]

$this->bbcode_second_pass_quote('vaseline2008', '')$this->bbcode_second_pass_quote('sittinguy', 'I') don't know about all different 401k's but mine had about 10 different fund options. And 1 of them was a fixed interest acount(supposedly) not exposed to the stock market. Last November I saw the doom coming and moved the little bit I had to the fixed account. -snip- I have a question for anyone who has taken money out of their 401k??? For me, I would have to take a 10% penilty, AND, claim the income on my taxes. If this is correct, how did anyone afford to take a large amount out?.I have plenty to pay off my house but I am afriad to do it because of the penilties.