Running_Man
Thinks s/he gets paid by the post
- Joined
- Sep 25, 2006
- Messages
- 2,844
The law was changed effective January 1st to no longer require employees to own company stock in their 401K for the company stock they are given whether as a match or as part of their purchases. This would seem to release quite a bit of selling action or at least a cessation by companies of buying their own stock for the treasury stock.
A part of my negative outlook for the year is based on this. I have not heard this being discussed anywhere although if the rule was the exact oppisite requiring stock ownership I think it would be everywhere on CNBC for bullish reasons. has anyone else heard about this?
A part of my negative outlook for the year is based on this. I have not heard this being discussed anywhere although if the rule was the exact oppisite requiring stock ownership I think it would be everywhere on CNBC for bullish reasons. has anyone else heard about this?