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I just read a sidebar article in January’s Money Magazine, titled Fixing the 401(k). The article highlights 4 proposals from Washington as a ” response to the retirement savings crisis”: Relaxed hardship-withdrawal rules “President-elect Barack Obama has proposed temporarily dropping the 10% penalty for hardship withdrawals from an IRA or a 401(k) for amounts up to 15% of [...] Las Vegas, of all places, is seeing an increase in home sales! This is a good sign, because Vegas was one of the hardest hit when the bubble burst. Since last year, home sales have risen 15%. The flip side of this coin is that the home prices have fallen 28%. Ouch! But this is all part [...] There’s been an increased discussion of the possibility the U.S. government may nationalize the banking system. I came across this article today, that outlines some FAQ’s on the topic, but here is the money quote: “If the government takes over a bank, management will be under even more pressure to cut costs. Expect more branch closings [...] I’ve covered Cramer’s tips for detecting individual stock bottoms and overall stock market mega-bottoms, but there’s one last type of stock market bottom: the Sector Rotation Bottom. A sector rotation bottom is when an entire sector of the stock market falls out of favor and hits bottom. Like total market mega bottoms, sector rotation bottoms are [...] |
 
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