12%ayear's Account Talk

[MR_BOOOOM]

12...the latest on that is, we who received the certified letter, will not be able to do any on line IFT as a punishment for going over 3 IFTs in Feb..Only mail ins (see weatherweenie's thread)

Is that legal, to single out a few hundred ? But then again, it seem the FRTB does what they want anyway.

 

[12%ayear]

12...the latest on that is, we who received the certified letter, will not be able to do any on line IFT as a punishment for going over 3 IFTs in Feb..Only mail ins (see weatherweenie's thread)

That applys only until the 2 transfers per month goes into affect.

 

[12%ayear]

 

[12%ayear]

I hope you're right..but just the same, see what was said about this in weatherweenie's thread recently...makes me wonder what will really happen..

.........Long also told ETAC members that he will send another letter to the 549 frequent traders at the end of March, explaining how to request interfund transfers by mail. Those participants will follow that process until the draft regulations are finalized and implemented, May 1 at the earliest, he said. READ LAST SENTENCE!!!!!!

 

[12%ayear]

I disagree on using opinion to say, "We are in a recession". I think we have to stick to facts and use the actual definitions of a recession which says we need two consecutive quarters of negative GDP. So far, we haven't had one. I know we are in bad times, but let's not let the media hype it up to a recession until it technically is one.

You happy now??? Dude,smell the salt and look around you. Unemployment numbers were scary. All these people who think we hit the bottom are nuts. Watch next week. This recession is not the one that can be compared in the history books. This will be worse than the 1990s Japanese one. US consumers do not save a dime and are in debt compared to 15% savings rate with the 1990s Japanese and they are still hurting. Read what Soros had to say.

 

[Guest2]

You happy now??? Dude,smell the salt and look around you. Unemployment numbers were scary. All these people who think we hit the bottom are nuts. Watch next week. This recession is not the one that can be compared in the history books. This will be worse than the 1990s Japanese one. US consumers do not save a dime and are in debt compared to 15% savings rate with the 1990s Japanese and they are still hurting. Read what Soros had to say.

12%, you just scared the be-jesus out of me. I know it's bad and I agree
that recession is hear and not around some unforseen corner. But if I read
your words correctly and doom is lurking over our shoulders next week,
then my question is not a simple one;

Q- Have the restrictions left you no choice but to be stuck in the
S Fund at 100%. Are you waiting for processing but can't get
out of equities because of restrictions? That would kill me and
follows me as one of my greatest fears.

 

[Gumby]

Originally Posted by VirginiaBob
I disagree on using opinion to say, "We are in a recession". I think we have to stick to facts and use the actual definitions of a recession which says we need two consecutive quarters of negative GDP. So far, we haven't had one. I know we are in bad times, but let's not let the media hype it up to a recession until it technically is one.

What makes you think the numbers the government put out are anywhere close to being accurate? Remember this is election year.:nuts:

 

[12%ayear]

There are going to be major layoffs everywhere from builders to banks. Consumers will not be spending money. Retailers already are hurting and more max pain will occur.

Advanced Micro Devices Lowers 1st-Quarter Sales Outlook, Will Shed 10 Percent of Workers http://biz.yahoo.com/ap/080407/amd_outlook.html
Alcoa's earnings and sales don't shine

Aluminum producer, citing 'challenging' economic conditions, kicks off a round of earnings reports with a decline in sales and profits http://money.cnn.com/2008/04/07/news/companies/alcoa_earnings/index.htm?postversion=2008040717 ....... CNBC report that said J.P. Morgan could cut up to half of Bear Stearns' 14,000 employees by mid- to late April.

 

[12%ayear]

U.S. retailers cut jobs as shoppers stop shopping
CHICAGO, April 6 (Reuters) - From Ann Taylor to Sears to Wilsons The Leather Experts, it seems the only thing retailers are moving out the doors these days is jobs.
Since the beginning of 2008, retailers -- beset by an environment where scared consumers have slashed spending on apparel and discretionary items -- have eliminated 75,000 jobs, according to Labor Department data released on Friday. That accounts for almost one-third of the nonfarm payroll jobs lost this year.
What's worse for the U.S. economy is the cuts are likely not just a reaction to weak sales, but also a sign that retailers do not expect improvement any time soon, analysts said.
"As they come through the last two or three quarters, they are beginning to realize there isn't an end in sight," said Wendy Liebmann, chief executive at consulting firm WSL Strategies. Retailers are anticipating "the next shoe, or the other shoe or the other shoe, to drop going forward."
Retailers typically cut some jobs in the first quarter as they come down from the holiday sales season. But the Bureau of Labor Statistics tries to factor out such seasonal fluctuations.
Even if an early Easter this year turns out to have skewed the data somewhat, the trend is still negative, said Michael Niemira, chief economist at the International Council of Shopping Centers.
"It's a tough environment for all retailers: high-end, low-end, middle," he said.
WORST CUTS SINCE 2003
The retail job cuts in the first quarter are the largest quarterly cuts in five years.
Retailers have been hammered as consumers have faced rising gasoline prices, falling home values, tighter credit standards and concerns about job security.
"What we're seeing today is a consumer who is buying virtually nothing, unless it's a need item," said Britt Beemer, chairman of America's Research Group. "If it's a want item, they aren't buying it."
Many retailers have responded by cutting costs, including jobs. Among those announced this year: Macy's Inc plans 2,300 job cuts, Wilsons The Leather Experts said it would cut 938 jobs, AnnTaylor Stores Corp said it would cut 13 percent of its headquarters staff and Sears Holdings Corp said it was cutting 200 support staff.
Tax refund checks typically spur purchases of big-ticket items, but the money may be used to pay down debt or buy necessities this year, he said.
"You're just seeing consumers realize that they don't have any extra money," Beemer said. "The consumer, at this time, has no choice in where to spend their money."
One-off tax rebates meant to stimulate the economy also might be spent on essentials, too.
"It's difficult to see anything on the horizon that would spur consumer spending that would require retailers to" add jobs, said Ken Perkins, president of Retail Metrics.
Still, WSL's Liebmann warns that retailers need to be careful about how deeply they cut, as consumers that are already being careful about spending may be turned off by shoddy customer service.
"One of the dangers in cutting people in the stores is people will feel they aren't being taken care of and so they will go elsewhere," Liebmann said. "This is a very different time when shoppers are looking for much more TLC (tender loving care) because they are just as nervous as the retailer." (Editing by Braden Reddall)

 

[12%ayear]

Advanced Micro Devices Lowers 1st-Quarter Sales Outlook, Will Shed 10 Percent of Workers http://biz.yahoo.com/ap/080407/amd_outlook.html
Alcoa's earnings and sales don't shine

Aluminum producer, citing 'challenging' economic conditions, kicks off a round of earnings reports with a decline in sales and profits http://money.cnn.com/2008/04/07/news/companies/alcoa_earnings/index.htm?postversion=2008040717 ....... CNBC report that said J.P. Morgan could cut up to half of Bear Stearns' 14,000 employees by mid- to late April.

Just the beginning of this horror story. Everyday you will read more of this sad news coming from bad earnings. CNBC thinks we have bottomed ..lol. They are insane. 11000s before 13000s IMO

 

[Steadygain]

12% - Man you know I've been saying the same thing for quite some time and the Markets just keep leaving me looking like a fool. So if - and when - we finally start plunging to the bottom I'll probably make another ITF.

But it's a crazy world - that doesn't seem to fit what we would often expect - so hopefully I'd make a little profit before it's done.

 

[Fivetears]

Once the REAL foreclosure figures are unleashed, we may see the belly of the beast. Banks are ignoring the foreclosure problem. People are living in foreclosed homes "Rent Free." The banks just do not know what to do with them all, and are not reporting the REAL numbers. Kinda like the Fed and other economic reporting agencies. Suppress the mess. :suspicious: you are right 12... 11's before 12's; MHO2.
Isaiah 59:11

Just the beginning of this horror story. Everyday you will read more of this sad news coming from bad earnings. CNBC thinks we have bottomed ..lol. They are insane. 11000s before 13000s IMO

 

[Birchtree]

Peace be still! Thanks for all the comments - this makes my life easier.

 

[12%ayear]

Soros says: 'I told you so' and what to expect now
http://www.busrep.co.za/index.php?fArticleId=4342142

 

[12%ayear]

I hope this ETF passes today so we can at least do the 3 transfers per month. This mailing the TSP-50 form is insane. It is based on hope and luck. The process takes up to a week and the market is very fragile. The other way with the new rules at least you can lock severla profits and go the the G Fund. Hoping May the new software goes into effect.

 

[12%ayear]

It will not be effective today. Nobody is "voting" on it today. The comment period closes today, then they have to review and respond to EVERY ONE of the comments, and post the final rule, comments, and repsonses in the federal register. Don't look for that before May 1. Mr. Long said as much in at least 3 interviews.

That's why even thought the federal register comment period ends today, we should still keep contacting CONGRESS, DOL, and especially the OVERSIGHT COMMITTEE. We can still STOP it through one of those avenues. It takes just ONE Congressman to step up and start an investigation.

thanks

 

[12%ayear]

Exactly what I've been saying about the F'king mail in BS....

I just faxed Mr. Emswiller my letter requestiing politefully, that they lift my sanction and allow me on-line IFT, at least to two a month per your reasons you just mentioned...We'll see if I get a reply.

good luck, let me know. This is total bogus. One wrong mail transfer and you can lose alot of money. I rather stay in the G FUND and wait this out until something gives. BTW read this......
International Monetary Fund shows U.S. sliding into recession and pulling down economic growth around the world.

http://money.cnn.com/2008/04/09/news/international/world_economy.ap/index.htm?cnn=yes

 

[Guest2]

Good article. Moneywatch had the same information earlier. And in response to your comment about staying in the G fund, something just occurred to me. We all know that the Treasury borrows from our "trust funds." The threat of being locked in equity (stock) funds in a downtrend was enough to cause thousands of IFT's in January as members moved to the safety of the G fund, and that same threat was enough to keep them there. Maybe THIS is FRTIB's (and the FED's) ultimate agenda...get that money back in the G Fund - and keep it there. This could also be why Congress is showing so little interest in the issue....

Gee, what if the 3.9 million participants put all their money in the I-Fund.
What would the Gov't do ? Interesting question to ponder.

 

[12%ayear]

You happy now??? Dude,smell the salt and look around you. Unemployment numbers were scary. All these people who think we hit the bottom are nuts. Watch next week. This recession is not the one that can be compared in the history books. This will be worse than the 1990s Japanese one. US consumers do not save a dime and are in debt compared to 15% savings rate with the 1990s Japanese and they are still hurting. Read what Soros had to say.

posted above last Friday

 

[Asylum]

i wish i stayed in the F...