Afisheggs Account Talk

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Re: Afisheggs account.

Yes, we sure got change we can count on - the organizer is destroying the economy and the country. But he and his kind will be shut down soon enough - I'll take gridlock and be happy.
 
Re: Afisheggs account.

Bloomberg:, People, we are so screwed!

"The Federal Reserve’s statement yesterday that the recovery is weakening and would require fresh stimulus was followed by an announcement that China’s industrial output rose the least in 11 months, adding to signs that the world’s third-biggest economy is slowing. The selloff today halted a rally in stocks that restored almost $4 trillion to global equity markets between July 5 and yesterday."
“We’re in a worldwide soft patch and investors wonder why the Fed didn’t do more,” said James Swanson, chief investment strategist at Boston-based MFS Investment Management, which oversees about $197 billion. “People are dumping stocks because they’re afraid earnings will decelerate and the economy is losing steam.”
http://noir.bloomberg.com/apps/news?pid=20601087&sid=a8K4paNjQTq0

Aug. 11 (Bloomberg) -- Let’s get real. The U.S. is bankrupt. Neither spending more nor taxing less will help the country pay its bills.
http://noir.bloomberg.com/apps/news?pid=20601010&sid=aiFjnanrDWVk

It's this second article that gets my attention. Especially this statement:

Herb Stein, chairman of the Council of Economic Advisers under U.S. President Richard Nixon, coined an oft-repeated phrase: “Something that can’t go on, will stop.” True enough. Uncle Sam’s Ponzi scheme will stop. But it will stop too late.
And it will stop in a very nasty manner. The first possibility is massive benefit cuts visited on the baby boomers in retirement. The second is astronomical tax increases that leave the young with little incentive to work and save. And the third is the government simply printing vast quantities of money to cover its bills.
Worse Than Greece
Most likely we will see a combination of all three responses with dramatic increases in poverty, tax, interest rates and consumer prices. This is an awful, downhill road to follow, but it’s the one we are on. And bond traders will kick us miles down our road once they wake up and realize the U.S. is in worse fiscal shape than Greece.
Some doctrinaire Keynesian economists would say any stimulus over the next few years won’t affect our ability to deal with deficits in the long run.
This is wrong as a simple matter of arithmetic. The fiscal gap is the government’s credit-card bill and each year’s 14 percent of GDP is the interest on that bill. If it doesn’t pay this year’s interest, it will be added to the balance.
Demand-siders say forgoing this year’s 14 percent fiscal tightening, and spending even more, will pay for itself, in present value, by expanding the economy and tax revenue.
My reaction? Get real, or go hang out with equally deluded supply-siders. Our country is broke and can no longer afford no- pain, all-gain “solutions.”

Anyone who thinks the dow will hit 20 grand or even go back to 11 grand this year is sorely mistaken, we are lucky we haven't still hit rock bottom yet. I know, I know doom and gloom, doom and gloom, but if the shoe fits WEAR IT! Exactley my sentiments, the government has been running a "PONZI scheme" for far too long and it is high time to pay the piper folks, hang on to your AS*SES cuz it's about to get bumpy!"
 
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Re: Afisheggs account.

Birchtree said:
Yes, we sure got change we can count on - the organizer is destroying the economy and the country. But he and his kind will be shut down soon enough - I'll take gridlock and be happy.
Click to expand...

I didn't know you were such an avid fisherman-
Your trolling skills are exemplary!
What I don't quite understand is how you got the name of Birchtree when obviously you typed in Ostrich. :toung:
 
Re: Afisheggs account.

I was reading about Iran and their nuclear reactors about to go online, and I thought of this video I once saw about "national interests". Watch this video about the cia in El salvador and especially take note at about the 5:00 minute mark, note what this ex cia officers response is and remember this people. His line of reasoning (hence the governments line of reasoning, as to why they ordered these people killed) applies to ALL NATIONS! (China,Russia,Venezuela,and yes IRAN), No nation has "THE" "divine right"! If "we" can do it , "THEY" can do it, if "we" can take it "they" can take it...remember that old saying? "Whats good for the GOOSE....

http://www.youtube.com/watch?v=G5L1VdlktOw
 
Re: Afisheggs account.

Looks like we are in for a REAL crappy coupla weeks, same old story same old song and dance, Poor housing, Poor jobs market, and friday we get the ill refuted GDP numbers which of course will be down and should cause some pretty good turmoil in the stock market

Tomorrow we get new home sales
thurs we get initial jobless claims and then "HAHAHA"...friday, the dreaded gdp numbers. ....Get out, get out now folks! Hehe some articles here from bloomberg.

http://noir.bloomberg.com/apps/news?pid=20601010&sid=aPA_CLtzW6uI

Looks like housing is still such a big problem it could be dragging us back down soon.
http://noir.bloomberg.com/apps/news?pid=20601010&sid=avpoiUT.LWa0

And one more for the road, europe could be headed for a double-dip.
http://noir.bloomberg.com/apps/news?pid=20601010&sid=a4TRh7JwkjTY

See ya round folks, Oh, and what on earth are these guys on auto tracker thinking getting into the c and s fund 100% !?!?!?

I've been %100 G fund since last week (gotta update my tracker):embarrest:
 
Re: Afisheggs account.

you got me by a bit on the time stamp, but i like the way you think. and you even manage to keep it somewhat finacially related. but your posts have just a bit of a political side to them, for someone who doesn't care enough to vote. if you get bored or start offending the pure finance types here, there may be another venue you might be interested in to adress some of the more sensitive issues.

http://www.beltwaytalk.com/showthread.php?74-wild-hogs-and-free-corn&p=4631&viewfull=1#post4631

Afishegg said:
Bloomberg:, People, we are so screwed!

"The Federal Reserve’s statement yesterday that the recovery is weakening and would require fresh stimulus was followed by an announcement that China’s industrial output rose the least in 11 months, adding to signs that the world’s third-biggest economy is slowing. The selloff today halted a rally in stocks that restored almost $4 trillion to global equity markets between July 5 and yesterday."
“We’re in a worldwide soft patch and investors wonder why the Fed didn’t do more,” said James Swanson, chief investment strategist at Boston-based MFS Investment Management, which oversees about $197 billion. “People are dumping stocks because they’re afraid earnings will decelerate and the economy is losing steam.”
http://noir.bloomberg.com/apps/news?pid=20601087&sid=a8K4paNjQTq0

Aug. 11 (Bloomberg) -- Let’s get real. The U.S. is bankrupt. Neither spending more nor taxing less will help the country pay its bills.
http://noir.bloomberg.com/apps/news?pid=20601010&sid=aiFjnanrDWVk

It's this second article that gets my attention. Especially this statement:

Herb Stein, chairman of the Council of Economic Advisers under U.S. President Richard Nixon, coined an oft-repeated phrase: “Something that can’t go on, will stop.” True enough. Uncle Sam’s Ponzi scheme will stop. But it will stop too late.
And it will stop in a very nasty manner. The first possibility is massive benefit cuts visited on the baby boomers in retirement. The second is astronomical tax increases that leave the young with little incentive to work and save. And the third is the government simply printing vast quantities of money to cover its bills.
Worse Than Greece
Most likely we will see a combination of all three responses with dramatic increases in poverty, tax, interest rates and consumer prices. This is an awful, downhill road to follow, but it’s the one we are on. And bond traders will kick us miles down our road once they wake up and realize the U.S. is in worse fiscal shape than Greece.
Some doctrinaire Keynesian economists would say any stimulus over the next few years won’t affect our ability to deal with deficits in the long run.
This is wrong as a simple matter of arithmetic. The fiscal gap is the government’s credit-card bill and each year’s 14 percent of GDP is the interest on that bill. If it doesn’t pay this year’s interest, it will be added to the balance.
Demand-siders say forgoing this year’s 14 percent fiscal tightening, and spending even more, will pay for itself, in present value, by expanding the economy and tax revenue.
My reaction? Get real, or go hang out with equally deluded supply-siders. Our country is broke and can no longer afford no- pain, all-gain “solutions.”

Anyone who thinks the dow will hit 20 grand or even go back to 11 grand this year is sorely mistaken, we are lucky we haven't still hit rock bottom yet. I know, I know doom and gloom, doom and gloom, but if the shoe fits WEAR IT! Exactley my sentiments, the government has been running a "PONZI scheme" for far too long and it is high time to pay the piper folks, hang on to your AS*SES cuz it's about to get bumpy!"
Click to expand...
 
Re: Afisheggs account.

burrocrat said:
you got me by a bit on the time stamp, but i like the way you think. and you even manage to keep it somewhat finacially related. but your posts have just a bit of a political side to them, for someone who doesn't care enough to vote. if you get bored or start offending the pure finance types here, there may be another venue you might be interested in to adress some of the more sensitive issues.
Click to expand...

I gotcha, I gotta learn to stick with one or the other, and your right, I don't wanna offend anyone on here, so I will definately check out that link, I tend to wear my emotions on my sleeve, hey whaddya expect from us young pups? :toung: Thanx - Fish
 
Re: Afisheggs account.

Well I've been 100% G fund for 2 weeks now and I managed to avoid the crash from 10,600, but I'm wondering what you guys are thinking? September is just around the corner 2 more Ift's but I'm about 85% certain I'm going to stay in the G fund through till oc (start of holiday season, should see some positive #'s also leaning towards going 30% into the F fund) Here's an article from bloomberg that basically says were in a double dip in the housing market and the chance of moving foreward as an economy are virtually nill, where do you guys stand for september?:confused::p

-Fishegg-

http://noir.bloomberg.com/apps/news?pid=20601087&sid=am0qjKWku0xM&pos=3
 
Re: Afisheggs account.

Afishegg said:
where do you guys stand for september?:confused::p
Click to expand...

I have moved the 14% holdings I had in the 'G Fund' into F/C/S/I. Basically I moved from a 40% G/F to a 30% F. So, to shorten my normal verbose yak attack I moved to equities and risk. But, the allocation should give me an 8% average return with a 9% standard deviation. Not bad...

I had two IFTs left in August. This move will allow me to make a smaller move to more risk in September if the market warrants.

However, September usually smells of dead fish:p

It is a terrible month to invest in.

Gotta be in to win:nuts:
 
Folks LISTEN to this man ...(he's smart and stuff).:laugh: No seriously, I could listen to Peter Schiff talk all day long, he hits the nail right on the head as you might say. He is so right. Today what I get from the vid is that the economy sucks and is going to suck even more, (hence stock market suck i ness) gold will probably continue to climb, that other nations are "de coupling" from the U.S, and that our leaders are (surprise) just throwing money at the situation which is not getting better, stuff we all know, but good lord does he spell it out. What I like about Peter's view is that it tends to be long term advice, now sit back, pop open a cold one and prepeare to hear the prophet speak! :nuts:

http://www.youtube.com/watch?v=98Gwq5UZxTs

I think I'll be into the F fund for sept maybe 40%. No more stock market for me till maybe Oct or Nov, till we see the holiday season prospects.

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