Steadygain
TSP Elite
They can't die - too important to INSURANCE and there is no possible way we can lose that at this point in history.
Consider them Government Property - they can be absorped (under the Taxpayers generous offerings).
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ATCJeff's Account Talk
- Thread starter ATCJeff
- Start date
They can't die - too important to INSURANCE and there is no possible way we can lose that at this point in history.
Consider them Government Property - they can be absorped (under the Taxpayers generous offerings).
ATCJeff
Well-known member
The Feds are out of money for the short term. WM doesn't have long. I don't think the Feds will be saving anyone else. Look for firesale mergers.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aF1B.T6IoiW8&refer=home
http://www.reuters.com/article/newsOne/idUSN1644235820080917
Steadygain
TSP Elite
Rounding out the top 10 -- and making a campaign statement for fashion -- was Michelle Obama, wife of Democratic presidential candidate Barack Obama, who was given high marks for a look that was "classic and confident."
Thanks for the links Jeff - I noticed the above as part of the link
I'd say for sure we see eye to eye on the whole situation. The first link brings out part of the overall package that made me see the BEAR coming and run for the Lilly Pad.
Still we can't see things as what is normal for you and me; they have strings they can pull - Smoke and Mirrors my friend - a total failure simply means a take over without any struggles.
In a few years most will forget this even happened. A nationwide DEPRESSION 'without nationwide pain' - is better with pretend money than another 1929 - 30 era.
ATCJeff
Well-known member
Washington Mutual up for auction.
http://www.marketwatch.com/news/sto...75577-D0E8-407B-9B28-D302430FE9BB}&dist=msr_2
http://www.marketwatch.com/news/sto...75577-D0E8-407B-9B28-D302430FE9BB}&dist=msr_2
phillyfed
Member
For the first time I wish I had a third IFT. I would make a IFT tomorrow to 25C, 75S. I feel the S&P will be back above 1225 by the end of the month.
Eight %$#^ trading days left.
BTW, I'm now bullish!
From your lips to God's ears...Its gonna take one hell of a day to make back what I lost today. In the TSP, I'm even for the year now so I cant complain.
Corepuncher
Well-known member
For the first time I wish I had a third IFT. I would make a IFT tomorrow to 25C, 75S. I feel the S&P will be back above 1225 by the end of the month.
Eight %$#^ trading days left.
BTW, I'm now bullish!
I will be a buyer after the next wave down, which will be after the next oversold rally.
Corepuncher
Well-known member
So you think that before the end of the month, the C fund will go up like 13%? Now that's what I call optimism! :laugh::laugh::laugh:
DoughBoy
Member
Jeff or anyone else who consistently beats the market,
I'm not trying to put you on the spot, just looking for wiser opinions than mine.
My opinion,
I'm skeptical by nature. Somebody is getting rich off this! This week they suckered Joe SixPack into selling low, Monday he will buy high and the smart money gets richer.
My plan is to take 1/2 my money off the table if this rally still has legs at 11:45.
What is your opinion on this rally? How far will it go? 200 dma? Halfway up the head of h&s?
TIA,
Danny
I'm not trying to put you on the spot, just looking for wiser opinions than mine.
My opinion,
I'm skeptical by nature. Somebody is getting rich off this! This week they suckered Joe SixPack into selling low, Monday he will buy high and the smart money gets richer.
My plan is to take 1/2 my money off the table if this rally still has legs at 11:45.
What is your opinion on this rally? How far will it go? 200 dma? Halfway up the head of h&s?
TIA,
Danny
Steadygain
TSP Elite
Danny, although you appear to be new I have to believe you'd been observing things for awhile.
Jeff is very good; one of the best.
There are others along this caliber that are also good.
Anyway, you're smart!! That's how I do it: Find the ones that appear to really know their stuff and it helps a lot.
Would also recommend reading Tom's Comments
DoughBoy
Member
Steady,
I agree 100%. I didn't mean to just single Jeff out. I am nervous and looking for some confirmation.
I appreciate your input immensely. You really got my attention when you pulled out. Are you still long term bearish?
Tom's view is also VERY appreciated! Sometimes I feel when he writes, he doesn't show the extreme emotions he is feeling due to leading one of us off a cliff. I read him everyday!
Thanks again!
I'm going camping /fishing with the wife and kids now. I will try to forget about this, and enjoy life.
Birchtree
Well-known member
The second bottom in a double bottom pattern is often lower than the first in order to create a shakeout of weak longs. That surely fits our current situation. The put/call ratio is at extremes over the 1.50 area and any contrarian would be placing buy orders on this information. We must see the 10 and 20 days EMAs cross above the 50 day EMA that is what failed to occur in the rally off the July lows. The move we our now in may push us right up through the 200 day MA.
Steadygain
TSP Elite
Well first I'm sincerely humbled :embarrest:
I don't consider myself anywhere near the league of many of the ladies and gents I was referring to; but THANK YOU - on a rare occasion when I get wind of the underlying conditions about to surface I KNOW THE BEAR HAS TO COME WITH IT.
I would have to describe myself as "Long term BULL" - because my history has usually accumulated successively gains over the years with more minimal losses. AND MAINLY BECAUSE I AM WAY MORE FOCUSED ON THE GAINS STILL TO COME.
I consider the current condition as "BEAR" - (but a bear with a spark of optimism) and will be able to better guage next week whether to go in for "A QUICK DIP". My overall outlook feels the upswing will be temopary and we are more forming a step (or plateau) before going lower. But that's simply my humble opinion - which is instinct based.
Camping and fishing with the wife and kids is way WAY BEYOND the 1 or 2 days swings of the Markets - and the bonding and memories will supercede any "paper" gain or loss. So enjoy my friend - I hope the weather is perfect, the insects/bugs are minimal, and the love and happiness - and the thrill and joy of nature are maximum.
Corepuncher
Well-known member
Those crossovers happened during the April/May rally, but look where that got us. Still in bear market.
Glad you fully invested folk were able to gain a good chunk today.
Meanwhile, I'll be scheming on a way to get my TSP funds to somewhere where I can control them!
ATCJeff
Well-known member
Sorry Danny I was at the lake without Internet. I would have been in today and all out COB today. I have a rule if I make more then 3% in a month, out I go.
ATCJeff
Well-known member
As I start to formulate a plan of attack for October, my thinking right now is I may have to wait beyond the 1st before jumping all in. This bailout plan may not get approved before the 1st.
I'm still wondering if we will see a huge move down past the 1100 area. If so, we maybe looking at another 10% down. I definitely want to miss that.
Another option would be to wait for a up-trend to show and make a quick in and out and try to grab a couple of percent the easy way.
Stay tune, it's gonna be fun.
I'm still wondering if we will see a huge move down past the 1100 area. If so, we maybe looking at another 10% down. I definitely want to miss that.
Another option would be to wait for a up-trend to show and make a quick in and out and try to grab a couple of percent the easy way.
Stay tune, it's gonna be fun.
