Stimulus pack? Nah, stocks are low because people are digging into retirement plans!

Discussion in 'Economics' started by crgarcia, Feb 17, 2009.

  1. One day stocks go down and you hear:
    Stocks tanked on worries stimulus won't be enough to boost the economy.

    The next day stocks surge and you hear:
    Stocks rallied on hopes stimulus package will help the US out of recession.

    Stocks are low (and may head lower) as people are digging into their IRAs and 401ks?
  2. lpchad


    As traders we shouldn't be concerned as to the why, but rather the how. As in how do we transfer the 401Ks and other sheeple's cash still in the market to our accounts. That is our job.