350zCommtech's Account Talk

[Silverbird]

Not shown is Bush at the controls.

What controls, the ship is on a pre-programmed route, hand on the wheel is for the photo op. Full speed ahead!

 

[Wrngway]

A few people may even say the ship is steaming away from the iceburg.

 

[hessian]

Hi 350z,
Amusing replies - Personally, I think Dick Cheney should be shown at the controls!

Anyway,
Wondering if you think any of the 5 solutions [below] for the Bond Insurer's might work?? Getting any closer to a real/practical solution?
http://money.cnn.com/galleries/2008/news/0802/gallery.bond_insurers/index.html

Please only respond if convenient -I don't want to interupt your sebatical.
I agree on your disqust though re: bail-outs for these guys! -IMO, in hindsight, this type of insurance should never have been allowed in the first place, and now should just be eliminated - let these guys all fail!
VR

 

[Silverbird]

Hi 350z,
Amusing replies - Personally, I think Dick Cheney should be shown at the controls!

Anyway,
Wondering if you think any of the 5 solutions [below] for the Bond Insurer's might work?? Getting any closer to a real/practical solution?
http://money.cnn.com/galleries/2008/news/0802/gallery.bond_insurers/index.html

Ok, I'm not Comtech but...Dick Cheney wrote the navigation program.:suspicious:
The only one I think that could work is #1, because no one wants to buy mortgage CDO sausage, and the municipals are not at fault and have been paying off their debts. Warren may still buy some of the the municipals if they are seperated, so I think he will still make money.
All of the other ideas, imnsho, are an attempt to blue screen out the true situation, and no one's going to "buy" them.

 

[mojo]

So will the F fund dive on Monday? Just so happens that's what I'm in.

 

[350zCommTech]

Hi 350z,
Amusing replies - Personally, I think Dick Cheney should be shown at the controls!

Anyway,
Wondering if you think any of the 5 solutions [below] for the Bond Insurer's might work?? Getting any closer to a real/practical solution?
http://money.cnn.com/galleries/2008/news/0802/gallery.bond_insurers/index.html

Please only respond if convenient -I don't want to interupt your sebatical.
I agree on your disqust though re: bail-outs for these guys! -IMO, in hindsight, this type of insurance should never have been allowed in the first place, and now should just be eliminated - let these guys all fail!
VR

All of the bailouts above will result in huge writedowns(bad for stocks).

The only real bailout is a government/tax payer bailout.

 

[350zCommTech]

So will the F fund dive on Monday? Just so happens that's what I'm in.

Yup, and that's where I'm at too.

 

[mojo]

So you think we get hammered Monday? What's new huh, I'm used to it now lol.

 

[wwwtractor]

High court OKs 401(k) suits
Plan participants get legal recourse over errors that lead to losses.

 

[presskh]

Sad Day for the US

David Walker, one of the very few in this administration who has been willing to tell it like it is regarding the untenable future of the US Government financial situation, is resigning as Comptroller General for the the GAO.

http://www.marketwatch.com/news/sto...x?guid={D566230C-F9D9-4384-B64E-E9B480D2B23F}

 

[merlin]

Last 3 decisions on my part didn't play out...dumped I yesterday for F, dumped F today for G. Should have waited until today to move from I to F. Bleh.

At least you made a decision, I still sitting on the lily pad drinking vodka.


I've drop drop and I do mean dropped in the tracker. Trying to work with just two trades a month is difficult. Think I may pull back some of the money directed to the TSP and put it in another vehicle.

 

[merlin]

Didn't the limits go into effect Feb 1?

 

[crhuss]

That is true...There are no "official" IFT limits yet!!!! And knowing how slow the government wheels turn, I'll be surprised if it ever happens. However, I think, maybe, the FRTIB would be less inclined to push the issue if the IFT's slowed down a bit. So, I'm still doing my thing, but trying to do it with a few less IFTs. I don't get quite as anxious that way. And if they think we are listening to them, instead of ignoring them, they may back off. IMO!!

 

[qibovin]

And after the little trick last night, we all need to keep writing Congress, GAO and DOL to look into FRTIB/Barclay practices regarding L Funds and I Fund, since FRTIB' focus is on the I Fund, and their goal seems to be pushing the L Funds.

Hmmm, I've felt like there was something shady going on with these bedfellows as well, but I hadn't put two and two together until I read this post. How easy would it be to continually (daily with L-fund rebalancing) skim just a little off the top with favorable (to Barclay's) FVs everyday? It would, of course, be difficult to "prove" since they could just argue that their "prediction" was a little off. After all, their appears to be no systematic consistency to these "adjustments." Of course they can only make this process fullproof by eliminating the large "wildcard" transfers "at large.":worried:

 

[merlin]

Thanks. Time to get down to busness.

 

[350zCommTech]

350,

Any opinion on going from G to F today?

Hi anidoc,

I'm going to stay in the F for a while. Looks like TNX might be toping out.

View attachment 3390

On each of the last 4 days, it seems like somebody is trying very hard to keep this market up. Either with BS news or rumor. The ratings agencies refusal to downgrade the big bond insurers is a joke. I hope the manipulators run out of market rallying BS soon.

 

[Birchtree]

Back to back triple point Dow up days would fit nicely. We've just experienced the bottom of a correctional phase within a longer term bull. The power should be impressive.

 

[350zCommTech]

Look at all the room below the 20dma for the TNX. A close below the 20dma today and tomorrow, could mean big trouble for the market and big gains for the F fund. I'm staying in F.

View attachment 3392

 

[ContrarianJeff]

350,
Nice observation. I moved out of the S-fund yesterday because it looked like we were overbought. I was debating between the G and the F, and ultimately chose the G. I wish I had looked at the TNX--that would have caused me to go F. Keep up the informative posts.

 

[350zCommTech]

350,
Nice observation. I moved out of the S-fund yesterday because it looked like we were overbought. I was debating between the G and the F, and ultimately chose the G. I wish I had looked at the TNX--that would have caused me to go F. Keep up the informative posts.

Thank you.