350zCommtech's Account Talk

[350zCommTech]

ES update:

There was a valiant effort to save it at 780, but they failed. The 50% level was the key. Like I said earlier this morning, the bulls needed to pray. Selling continues after hours.

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[KevinD]

Santelli, my hero.

http://www.cnbc.com/id/15840232?video=1039849853&play=1

Limbaugh played the audio of this first thing on his radio show today.

 

[350zCommTech]

Limbaugh played the audio of this first thing on his radio show today.

A tea party is what we need. Look at California, raising taxes as we are about to enter a depression?

 

[Frixxxx]

A tea party is what we need. Look at California, raising taxes as we are about to enter a depression?

STOP RUBBING IT IN!!!!!!!!

Anyone hiring in the other 49 States??!??!??!:blink:

 

[Minnow]

Hmm... rumors of some states not paying state income tax refund checks... ramping up taxes in those same states... now inflation numbers being rolled out to disprove deflation (i.e. jacking up prices while the unemployed grow in number)... WTF???

 

[350zCommTech]

STOP RUBBING IT IN!!!!!!!!

Anyone hiring in the other 49 States??!??!??!:blink:

I truly wish you good luck Frixxxxx. I hope you stock up on ammo.

 

[Show-me]

Hmm... rumors of some states not paying state income tax refund checks... ramping up taxes in those same states... now inflation numbers being rolled out to disprove deflation (i.e. jacking up prices while the unemployed grow in number)... WTF???

California and Kansas is on the list.

 

[Frixxxx]

California and Kansas is on the list.

Got my IOU
http://www.tsptalk.com/mb/showpost.php?p=208295&postcount=105

 

[Minnow]

California and Kansas is on the list.

I saw that about Kansas. I would imagine citizens in both of those states are a little upset right now. Hmmm... wonder what kind of bridge loan or hybrid interest recalculation the wizards in those states are gonna offer up as "sound economic policy?"

 

[KevinD]

Maybe an adjustment to my W-4 and (in GA) my G-4 are in order... :worried:

 

[350zCommTech]

I'm stuck in the F while waiting for signs of a bottom in stocks.

TREASURIES-Rise in Asia but look to CPI, auctions


Thu Feb 19, 2009 11:48pm EST

* Prices rise as Asian investors pick up bonds * Focus on U.S. CPI data at 1330 GMT * Then on U.S. Treasury auctions next week TOKYO, Feb 20 (Reuters) - U.S. Treasury prices rose in Asian
trade on Friday as Asian investors took the opportunity of a fall
the previous day to pick up bonds, but underlying sentiment was
cautious ahead of hefty debt auctions next week. Treasury prices had retreated on Thursday as investors
contemplated looming supply, with a record $94 billion in
Treasury securities to be sold next week. Dealers said there was no specific news lifting them in Asian
trade, although Asian stock markets dropped in the wake of a
six-year closing low on the Dow Jones industrial average .DJI. Tokyo's Nikkei share average .N225 shed more than 1 percent
as banks lost ground on growing gloom about the U.S. economy, and
markets in Hong Kong and South Korea were down 2 to 4 percent. "Some investors think it's a good time to buy because of the
higher interest rates," said a senior fixed-income trader at a
foreign bank in Tokyo. Benchmark 10-year notes <US10YT=RR> rose 11/32 in price to
yield 2.811 percent, down about 4 basis points from late U.S.
trade the previous day. The 10-year yield has rebounded from a five-decade low of
2.04 percent in mid-December to a recent high above 3.05 percent
on concern about rising supply. The bond market was watching for data on prices coming out
later in the day for immediate incentives and analysts said the
fall in yields could reverse once that was out of the way. U.S. January headline consumer prices, due at 1330 GMT on
Friday, are expected to show a rise of 0.3 percent, while core
prices are expected to edge up 0.1 percent, according to
economists' median forecast for the report. On Thursday, producer prices showed an unexpectedly large
increase, although analysts discounted it as a temporary bounce
in gasoline prices as much of the rest of the economy, most
notably housing, was still in free-fall. "The CPI data might mirror the upside surprise in PPI so
things might stabilise only after the CPI report," said Thomas
Lam, a senior treasury economist at United Overseas Bank in
Singapore. After the data attention will turn to debt auctions next
week. The U.S. Treasury said it would sell $40 billion in two-year
notes on Tuesday and $32 billion in five-year notes on Wednesday,
with $22 billion in seven-year notes set for Thursday.
[ID:nWEQ000693] The 2-year note <US2YT=RR> was steady on the day to yield
0.974 percent and the 30-year bond <US30YT=RR> rose 17/32 to
yield 3.638 percent, down 3 basis points from U.S. trade.
(Reporting by Charlotte Cooper Editing by Michael Watson)http://www.reuters.com/article/marketsNews/idINT27137220090220?rpc=44

 

[JTH]

I'm stuck in the F while waiting for signs of a bottom in stocks.

You and me both buddy.

But hey, I'd rather be losing money in F then losing it in CSI. Has anyone noticed there's hardly a bull anywhere to be found? TSP needs to offer a short trading vehicle for days like these. :suspicious:

 

[Handballer]

Limbaugh played the audio of this first thing on his radio show today.

Is it true what Rush says about MSNBC and thier low ratings. That Olbermann appears to be a large lump of turd and has no business being on the airways.

 

[350zCommTech]

You and me both buddy.

But hey, I'd rather be losing money in F then losing it in CSI. Has anyone noticed there's hardly a bull anywhere to be found? TSP needs to offer a short trading vehicle for days like these. :suspicious:

What they need to do is lift the restrictions. On some of those big days in the F fund, I could have gone to the G to protect some gains.

Since the markets are oversold now, my timing needs to be good here. I need to exit the F fund on the exact day the market bottoms. If I miss it and the market rallies while I'm still in the F fund, it's going to really hurt. I say this because I want my last IFT to go into stocks. If I didn't have any IFT left and my only choice is to go to G, I would exit on the next good day in the F fund. Each day the market moves lower, getting more oversold, the risk to the F fund increases.

 

[Handballer]

You and me both buddy.

But hey, I'd rather be losing money in F then losing it in CSI. Has anyone noticed there's hardly a bull anywhere to be found? TSP needs to offer a short trading vehicle for days like these. :suspicious:

I've come to believe it is fortunate we are only allowed two trades each month.

 

[JTH]

I've come to believe it is fortunate we are only allowed two trades each month.

Actually, in this bear market, the exact opposite is true. Folks are staying in stocks longer and taking a bigger hit. With unlimited IFTs, you can cut your loses quicker, and jump back in on the dips. Not one person using TSP is making more money under the 2IFT system, and I'll stand by that statement.

 

[KevinD]

It sure is hard to get any "experience" with the 2 IFT limit. February was only my 3rd month to actually "try" to make money with an IFT. The learning curve is steep for me. My @$$ is getting sore sitting here reading all the links and watching all the videos. Investopedia is going to start charging me for all the time I've been spending there...

 

[Minnow]

Actually, in this bear market, the exact opposite is true. Folks are staying in stocks longer and taking a bigger hit. With unlimited IFTs, you can cut your loses quicker, and jump back in on the dips. Not one person using TSP is making more money under the 2IFT system, and I'll stand by that statement.

I would second that sentiment. With a bull, you can sit it and forget it for awhile. In a bear, more flexibility is needed (or a really polished crystal ball).

But, on the whole, I guess the FRTIB is saving us money on trading costs, right? I mean we got that going for us, at least.... Wait, according to their own minutes, they're NOT!!!! It was all a lie? Government executives lying to the masses?

It's way past time for an IFTea Party (bad pun ...:cheesy::cheesy

 

[350zCommTech]

EUR/USD update: Not helping the I fund.

The good news: The other currencies are behaving. The YEN continues to fall, which should help stem the Nikkei's losses, come Sunday night. In other words, I don't see a sign of a crash, yet.

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[justbizness45]

Have you read Market-Ticker this morning?