12%ayear's Account Talk

Should I sell today or hold what a question. Will the market spike on this or drop and why does the Fed have to wait until the weekend since it would not involve them. I think LEH should put a halt to the stock right now.
The weekend is when everything is closed . The big boys can wear Polo shirts and smoke big cigars while making deals. All the bad news is factored here. At this stage LEH will find someone . Remember what happened after Bear Sterns reported a buyer.The markets rallied for several months. I am staying in the C FUND based on that alone.
 
The weekend is when everything is closed . The big boys can wear Polo shirts and smoke big cigars while making deals. All th bad news is factored here at this stage because why LEH will find someone . Remember what happened after Bear Sterns reported a buyer.The markets rallied for several months. I am staying in the C FUND based on that alone.

True - I am still looking at 1267+ then I will move unless I get lucky and on my IFT day the market has a huge spike. I still have 1 IFT left.
 
I agree. For the markets Obama would be the best move. Cheaper oil and a stronger US DOLLAR are the key to a mega bull run. Also,he would bring a different plan to the table than McCain. Tax the crap out of the Big Oil. Heck, I rather pay more taxes and have a good economy. Taxes are good thing . Just my 2 cents.
 
Re: bouncing of a ceiling

Ohh I know that but right now this looks like a mission of destruction such as BSC. I don't ever feel sorry for any of them but I wonder if they back check on where the largest shorts are coming from it could be interesting. What would want this country to fail ?

This country will not fail even if they allow these companies to BK. They just want their normal taxpayer bail outs.

Getting rid of the bad and starting over will be better for this country.
 
Ok. When reading about proposed TSP changes (and there's been a lot of them in the news lately), and looking at TSP returns, I Fund in particular, remember this article. FRTIB is considering adding "actively managed mutual funds to TSP"...but it's supposed to enable small businesses to get a piece of the action, not set Barclays up for a bigger share of the pie. BGI is the division that manages TSP. Is this an indication that will be a change to TSP?
Bank of America May Lead Lehman Bid, MF Global Says (Update1)
By Ben Livesey
Sept. 12 (Bloomberg) -- Bank of America Corp., the biggest U.S. consumer bank, may team up with Barclays Plc and private equity firms to make an offer for Lehman Brothers Holdings Inc., analysts at MF Global Securities Ltd. said.
``A consortium could work, and it's been done before,'' Mamoun Tazi, a London-based analyst at MF Global, said in a telephone interview today. ``Only a domestic buyer could negotiate the right guarantees. Barclays could take the asset management unit which would make sense,'' he said. Barclays would add actively managed mutual funds and hedge funds by bolting on Lehman's asset management unit to its own San Francisco-based Barclays Global Investors division, Tazi said. It would also expand in quantitative funds, he added.
Alistair Smith, a Barclays spokesman in London, declined to comment.

Lehman's asset management unit, which includes Neuberger Berman Inc., may be worth as much as 4.5 billion pounds ($8 billion), similar to the value of Barclays's fund management unit, Tazi said. A ``distressed purchase'' of all of Lehman by a group led by Bank of America may enable Barclays to buy the unit for less, Tazi said.
To contact the reporter on this story: Ben Livesey in London blivesey@bloomberg.net
Note the comparison here...the value of Lehman's asset management unit may be as much as $8B, similar to the value of BGI...which includes our TSP fund. Does this sound right?
 
Re: bouncing of a ceiling

This country will not fail even if they allow these companies to BK. They just want their normal taxpayer bail outs.

Getting rid of the bad and starting over will be better for this country.

It's ironic recently Obama used to talk about raising taxes on the rich and giving tax breaks to those who make under $200K the number changes every week but he doesn't mention tax cut he is going to give money as in basic welfare checks to all Americans. Remember only 60% pay taxes while 40% don't pay a cent. Now who is usually in the bracket of the 40%. They will get money no wonder why push a man who has ZERO qualifications in the White House it's pay day for his target group racism is 96% vote Obama and the other 4% probably hit the wrong button. But that is a fact so I want McCain to win on that information alone.
 
Hey 350z, nice to see you are posting. Hope all is well my good friend.:)

Doing great, Thanks!:)

It's ironic recently Obama used to talk about raising taxes on the rich and giving tax breaks to those who make under $200K the number changes every week but he doesn't mention tax cut he is going to give money as in basic welfare checks to all Americans. Remember only 60% pay taxes while 40% don't pay a cent. Now who is usually in the bracket of the 40%. They will get money no wonder why push a man who has ZERO qualifications in the White House it's pay day for his target group racism is 96% vote Obama and the other 4% probably hit the wrong button. But that is a fact so I want McCain to win on that information alone.

I'm staying away from all political talks.:)
 
Federal deficit is too big for someone not to get stiffed with the bill. It's a matter of which part of the taxpayer ox is going to get gored: ground round or prime rib.
 
So, it's not about who wins as president, it's how well I play my game. If Obama wins, I'll make out better if I stay in the lower tax bracket. If McCain wins, I'll do great when I decide to make over 600K/year. :nuts:

My point is don't preach tax cut when it's nothing more than a stimulus check except this time everyone gets one. The is part of the deception is he is going to cut then I want to hear a specific % you won't because his plan is hollow. Actions speak louder than words and he has never backed up or stood up for anyone except Rev. Wright until he finally threw him under the bus.
 
the deception

She was practiced at The ART of DECEPTION.....


You can't always get what you want...Baby

You can't always get what you want...Oh yeal

You can't always get what you want...Listen now

But if you try sometime..you just might find: You get what you need.


Woops - as the Rolling Stones would say
 
She was practiced at The ART of DECEPTION.....


You can't always get what you want...Baby

You can't always get what you want...Oh yeal

You can't always get what you want...Listen now

But if you try sometime..you just might find: You get what you need.


Woops - as the Rolling Stones would say

Desperado, why dont you come to your senses?
You been out ridin fences for so long now
Oh, youre a hard one
I know that you got your reasons
These things that are pleasin you
Can hurt you somehow

Don you draw the queen of diamonds, boy
Shell beat you if shes able
You know the queen of heats is always your best bet

Now it seems to me, some fine things
Have been laid upon your table
But you only want the ones that you cant get

Desperado, oh, you aint gettin no youger
Your pain and your hunger, theyre drivin you home
And freedom, oh freedom well, thats just some people talkin
Your prison is walking through this world all alone

Dont your feet get cold in the winter time?
The sky wont snow and the sun wont shine
Its hard to tell the night time from the day
Youre loosin all your highs and lows
Aint it funny how the feeling goes away?

Desperado, why dont you come to your senses?
Come down from your fences, open the gate
It may be rainin, but theres a rainbow above you
You better let somebody love you, before its too late

THE EAGLES
 
Last edited:
Federal deficit is too big for someone not to get stiffed with the bill. It's a matter of which part of the taxpayer ox is going to get gored: ground round or prime rib.
windfall profits tax on big oil and NO MORE ROYALTY RELIEF until oil is below $80 bbl.

Must be a full moon tonight...high spirits everywhere! :)
 
My point is don't preach tax cut when it's nothing more than a stimulus check except this time everyone gets one. The is part of the deception is he is going to cut then I want to hear a specific % you won't because his plan is hollow. Actions speak louder than words and he has never backed up or stood up for anyone except Rev. Wright until he finally threw him under the bus.


I think most folks know how I'll vote and how strong I feel about the reasons on why I'm voting that way. But I believe it won't matter one whit who's Prex, cause regardless on how they try to massage the message whether it's windfall profits taxes (shades of Jimmy Carter malaise), raising capital gains taxes or maintaing the existing tax structure, our money will be flying out of our pockets, cause we'll just have the cost passed on to use and/or taxes have to be rasied realistically (to pay for all these bail outs).

Me personally, am getting debt free, because if we don't pay hell for all this, then our kids will. I'm not a pessimist by a long shot, just a realist and getting ready for what's coming down the pike.

Have a good weekend all. I've cut and split firewood for the last 7 weekends, so I'm going to just loaf this week end if my better hald doesn't get out my to do list. :nuts:

CB
 
Sky is falling,LEH deal fell apart, futures sinking. Guess what?? I smell a rally tomorrow, the opposite of last Monday, when Freddie and Fannie were solid green and then the market popped 2% and tanked. HUGE NEWS TOMORROW BY THE FED AND THE NEW BANKING POLICY will rally this market.:)
 
Yea, this is a classic set up. Big gap down early in the morning and then a come back all day as the rumors are cleared the the actual news comes out. This would make for a nice bottoming candlestick on the charts.

Glad to have ya back 12.
 
Sky is falling,LEH deal fell apart, futures sinking. Guess what?? I smell a rally tomorrow, the opposite of last Monday, when Freddie and Fannie were solid green and then the market popped 2% and tanked. HUGE NEWS TOMORROW BY THE FED AND THE NEW BANKING POLICY will rally this market.:)

Big brother needs to just step back and let this market sort itself out. Injecting 'quick' fixes only creates another crisis down the line. This market is in real trouble. Some things are inevitable. Even Custer thought things would turn around.... Quick, bring in the clowns......

View attachment 4671

Geaux
 
Sky is falling,LEH deal fell apart, futures sinking. Guess what?? I smell a rally tomorrow, the opposite of last Monday, when Freddie and Fannie were solid green and then the market popped 2% and tanked. HUGE NEWS TOMORROW BY THE FED AND THE NEW BANKING POLICY will rally this market.:)

You just got your news.

BAC buys MER for $29/share.

The funny part is that MER closed at 17 on Friday. Why the huge premium?:laugh:

This was obviously engineered by the Feds to stick save MER and maybe this market tomorrow.

This could be bad for BAC.
 
Happy to see this. LEH did not get the FED bailout. THis is very postive and it will make all banks think twice. Looking for a nice rally off these -3.41% range. Green day coming. Watch for super news.:)
 
Back
Top