I would agree with you 12% about a once-and-for-all shakeout if the "bad" news was holding at relatively steady-state levels. However, with oil prices going up every day, the dollar plunging every day, the rate of inflation still increasing and the rate of retail sales still declining, I don't see that the overall economic fundamentals support a "bottom" yet.
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12%ayear's Account Talk
- Thread starter 12%ayear
- Start date
I would agree with you 12% about a once-and-for-all shakeout if the "bad" news was holding at relatively steady-state levels. However, with oil prices going up every day, the dollar plunging every day, the rate of inflation still increasing and the rate of retail sales still declining, I don't see that the overall economic fundamentals support a "bottom" yet.
12%ayear
Well-known member
too soon to call......
nnuut
Moderator | TSP Legend
Could be one of those Camel Back days?View attachment 3534so everyone thinks the market came back today on CNBC..Watch this afternoon....sell-0ff coming...I shorted QQQQs just now.
weatherweenie
Well-known member
so everyone thinks the market came back today on CNBC..Watch this afternoon....sell-0ff coming...I shorted QQQQs just now.
Might want to consider covering those shorts.
12%ayear
Well-known member
still early
weatherweenie
Well-known member
felixthecat
Member
Nice finish on what I would consider to be a break or reconfirm positive underlying buying. Glad I'm holding steady...this appears to be a start of a second leg up. Intermediate term looks positive..long term trend has new found hope of a shorter turn around. 
felixthecat
Member
Solid numbers on the CPI thanks to February's lower energy prices. Double leg up. Cheers to all. We may have not seen the bottom...but...glad to be in 100 percent into stocks right now as yesterday the NASDAQ was poised to breakout today. The CPI numbers in fact will be just what the doctor ordered.
JP Morgan and Bear Stearn good news today also spells a blast off for stocks today.
JP Morgan and Bear Stearn good news today also spells a blast off for stocks today.
thamm
Member
Love your avatar!
Are you making more than the 2 interfund transfers/month? Someone awhile back mentioned that until the board finalizes the restriction they would continue making transfers. Anyway, just curious.
I'm one of the 3,000 day traders.I've made 5 ift's this month and have heard nothing from them.
thamm
Member
Thanks, Hardcorp and Asylum. I am also one of those 3,000 but have really curtailed some of my "daytrading" activities
12%ayear
Well-known member
Everyday it seems someone is trying to throw a wrench into the machine. This morning looked great and that Bear Sterns crap spooked the markets. Btw, yes Thamm, I made over the 2 tranfers already. When/if they stop it, I will deal with it then. At any rate, I see the markets come back today and green across the board. Smell a short squeeze. People want to be postioned before the Fed meeting.
Steadygain
TSP Elite
Oh darn, was afraid you'd say that.
Man I hope you are wrong - would rather it go WAY DOWN
Come on Markets!! Let the fear spread and TANK to the bottom
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