Aviator Guy's Account Talk

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I also enjoyed hearing Senator Inouye from Hawaii trying to defend his Stimulus Pork spending by adding a payment of $9000.00 to every WW II Filipino veteran. My father is doing well at age 85 and he is a WW II combat veteran who flew 48 B-25 combat missions from the Philippines. He couldn’t believe his own government would spend some of the 900 billion Stimulus package by sending money out of this country. He told me he sure could use $9000.00 and put it to very good use. Someone please tell me how writing a check to someone outside of this country will stimulate the United States economy?? Senator Inouye’s party has the power right now and they are using it for whatever they want.

I just think most Americans and a lot of investors see this stimulus plan as ineffective because it deflects away from the heart of the problem, falling home prices. I still have yet to meet anyone at work who is for it because we see it as a total waste of national treasure. The spending plan was rushed to the President as he requested and this resulted in little oversight and contains pork spending that will have little impact on stimulating the economy. I think democrats are celebrating today after passing their spending bill vice a true stimulus bill. I wouldn’t be surprised to see them come back within weeks to say we need another 800 billion because we didn’t do enough to unlock the credit markets and to help stem foreclosures!!

Anyway, I hope this spending plan helps our economy because I want this country to succeed, but not at the expense of bankrupting the nation. That’s how I feel about it…:cool::cool:
 
Yeah. Do something to stem falling home prices (relates to foreclsoures), and, keep the banks solvent. Anything after that is missing the point.
 
I appreciate you going 100% C Fund - COB today

That's a very BOLD move in light of the general sentiment

The way I see it - being at the top of the AT demands some respect and it's only by playing boldly (and wisely) anyone's going to get there.


Excellent Job!!
 
Aviator_Guy said:
I also enjoyed hearing Senator Inouye from Hawaii trying to defend his Stimulus Pork spending by adding a payment of $9000.00 to every WW II Filipino veteran. My father is doing well at age 85 and he is a WW II combat veteran who flew 48 B-25 combat missions from the Philippines. He couldn’t believe his own government would spend some of the 900 billion Stimulus package by sending money out of this country. He told me he sure could use $9000.00 and put it to very good use. Someone please tell me how writing a check to someone outside of this country will stimulate the United States economy?? Senator Inouye’s party has the power right now and they are using it for whatever they want.
…:cool::cool:
Click to expand...

Aviator Guy, Having lived in Hawaii for many years and I am familiar with Sen. Inouye and the topic of benefits to the Phillippine folks who fought the Japanese in the PI alongside the US. You are right in that this is not appropriate to be sending thousands of dollars to folks in another country to stimulate the U.S. I would go further and say it is the height of abuse of power by Sen Inouye to send this money to the Phillippines in order for him and his party in Hawaii to win (stimulate) favor with the many residents and U.S. citizens of Phillippine ancestry in Hawaii. The Phillippine fighters who fought along side the U.S. troops actually want military retirement benefits for the few years they helped the U.S. free their country. Very unfair having your father now having to pay the Phillippine resistance fighters whose country he helped save. You would think it would be the other way around. You are right in that the people running things will do whatever they want with all of our money no matter how wasteful or senseless. Tell your dad thanks for his service from Bob. My life has been blessed and charmed thanks to the men and women who fought WWII and maintaned freedom for my generation and those after me. HH
 
Update: DOW has pushed through November's low...other indices to follow Thursday.

You can see and feel it in the trading...markets are preparing for another selloff Thursday. I'm thinking it will rebound at the end of the day but decided to stay out as DOW will have knifed through November lows setting the stage for a possible meltdown on the other indices as they catch up. Dow 7250 or so is what I'm thinking for a pause in the selling.

In any case...I'm preparing for entry point Friday regardless of rally or crash on Thursday. I buy low and sell high.

As far as a long term play...forget it. 2009 recovery is already a moot point according to latest FOMC meeting notes. It is so dangerous that this type of environment mixed with the TSP rules makes for quick bombs.

I'm really sick today...this roller coaster ride. :sick:
 
felixthecat said:
Update: DOW has pushed through November's low...other indices to follow Thursday.

OR - you could simply say that a BASE was formed today and things were pretty flat across the board.

November's lows are really insignificant in light of the global economy and subsequent Market trends that are bound to prevail. BUT that doesn't mean tomorrow is going to be a crash day. It's the 'insanity' that we can depend on - 'people pushing the Markets up on various days' even in the face of BAD NEWS and horrible indicators.

So don't count out a good gain in the next day or two

You can see and feel it in the trading...markets are preparing for another selloff Thursday. I'm thinking it will rebound at the end of the day but decided to stay out as DOW will have knifed through November lows setting the stage for a possible meltdown on the other indices as they catch up. Dow 7250 or so is what I'm thinking for a pause in the selling.

In any case...I'm preparing for entry point Friday regardless of rally or crash on Thursday. I buy low and sell high.

That is certainly a strategy the rest of us have totally missed. So then you would probably buy on a day the Markets make one of their most significant drops - or buy right before you believe the Markets will soar .... hummm will have to think on that one...:rolleyes:

As far as a long term play...forget it. 2009 recovery is already a moot point according to latest FOMC meeting notes. It is so dangerous that this type of environment mixed with the TSP rules makes for quick bombs.

I'm really sick today...this roller coaster ride. :sick:
Click to expand...

I'd way rather have the leveling - base form - then to have another day like yesterday. BUT - now a days - you never can tell. :confused:
 
HedgeHog said:
Aviator Guy, Having lived in Hawaii for many years and I am familiar with Sen. Inouye and the topic of benefits to the Phillippine folks who fought the Japanese in the PI alongside the US. You are right in that this is not appropriate to be sending thousands of dollars to folks in another country to stimulate the U.S. I would go further and say it is the height of abuse of power by Sen Inouye to send this money to the Phillippines in order for him and his party in Hawaii to win (stimulate) favor with the many residents and U.S. citizens of Phillippine ancestry in Hawaii. The Phillippine fighters who fought along side the U.S. troops actually want military retirement benefits for the few years they helped the U.S. free their country. Very unfair having your father now having to pay the Phillippine resistance fighters whose country he helped save. You would think it would be the other way around. You are right in that the people running things will do whatever they want with all of our money no matter how wasteful or senseless. Tell your dad thanks for his service from Bob. My life has been blessed and charmed thanks to the men and women who fought WWII and maintaned freedom for my generation and those after me. HH
Click to expand...

Thanks for the kind comments on my Dad’s combat service. He was really lucky to make it back alive. He was grounded for one mission and his B-25 bomber was shot down near Clark AFB in Jan of 1945. At that time, the Japanese still held Clark AFB in the Philippines. The only guy to make it back alive was the guy who took Dad’s place. Friendly Filipinos helped him escape before the bad guys showed up. The rest of his crew were too banged up to escape from their B25 and the crew was murdered by the Japanese on the spot. Months later, Dad earned enough points and returned to the USA after flying his 48th mission, but the 2nd B-25 crew he last flew with was lost a few weeks later while on a low altitude combat strafing run over the Island of Formosa with no survivors.

They were a pretty wild bunch of airmen. They modified their B-25’s by getting rid of the bombardier crewmember and replacing the glass nose of the B25 with eight forward firing .50 cal machine guns, all pointed slightly down. The B-25 also had two on each side of the cockpit facing forward. The top turret also had two .50 cal guns. One on each side of the waist gun positions and two rear firing tail gun.50 cal guns for a total of eighteen!! I’ve been up close to a single .50 cal firing while I was in the Navy and I can’t imagine all of those guns going off flying 50’ off the deck!! I guess it would make for a good movie someday?

I was talking to Dad on my way to work this morning and he told me he earned about 200.00 a month back in 1945 when he flew his 48 combat missions, and this included his combat flight pay, but he sent almost all of it to his parents in Kentucky who were still struggling after the depression. Dad went on to college and retired in Illinois as a school teacher / administrator back in the 1980’s. Their retirement was similar to our CSRS, and they didn’t pay into social security. But to earn his social security / Medicare benefits, he had to send a check to the fed government for $6,000.00 to qualify back in the mid 1980’s. He’s a good soul and didn’t get upset our government is sending $9000.00 to every WW II Filipino veteran who lives in the Philippines, he just found it to be interesting they would use the stimulus package to do it. I guess with that kind of attitude that is why he’s still healthy in his mid 80’s!! :cool::cool:
 
I didn't say there wasn't any Pelosi pork, just that the mouse story was wrong. :toung: I have no problem if you find a real ham hock.

BTW the Philippines were part of the U.S. until after WWII (1946 independence) so they were defending a territory belonging to the U.S. that later became their country, so they were U.S. (territory) soldiers. I think soldiers from a U.S. territory are supposed to be treated the same as a U.S. soldier under current law? Though I do agree with Aviator's dad this does NOT belong in a stimulus bill, this is a purely miltary service matter and NOT something that should be treated as a side dish.
 
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Aviator_Guy said:
Thanks for the kind comments on my Dad’s combat service. He was really lucky to make it back alive. He was grounded for one mission and his B-25 bomber was shot down near Clark AFB in Jan of 1945. At that time, the Japanese still held Clark AFB in the Philippines. The only guy to make it back alive was the guy who took Dad’s place. Friendly Filipinos helped him escape before the bad guys showed up. The rest of his crew were too banged up to escape from their B25 and the crew was murdered by the Japanese on the spot. Months later, Dad earned enough points and returned to the USA after flying his 48th mission, but the 2nd B-25 crew he last flew with was lost a few weeks later while on a low altitude combat strafing run over the Island of Formosa with no survivors.

They were a pretty wild bunch of airmen. They modified their B-25’s by getting rid of the bombardier crewmember and replacing the glass nose of the B25 with eight forward firing .50 cal machine guns, all pointed slightly down. The B-25 also had two on each side of the cockpit facing forward. The top turret also had two .50 cal guns. One on each side of the waist gun positions and two rear firing tail gun.50 cal guns for a total of eighteen!! I’ve been up close to a single .50 cal firing while I was in the Navy and I can’t imagine all of those guns going off flying 50’ off the deck!! I guess it would make for a good movie someday?

I was talking to Dad on my way to work this morning and he told me he earned about 200.00 a month back in 1945 when he flew his 48 combat missions, and this included his combat flight pay, but he sent almost all of it to his parents in Kentucky who were still struggling after the depression. Dad went on to college and retired in Illinois as a school teacher / administrator back in the 1980’s. Their retirement was similar to our CSRS, and they didn’t pay into social security. But to earn his social security / Medicare benefits, he had to send a check to the fed government for $6,000.00 to qualify back in the mid 1980’s. He’s a good soul and didn’t get upset our government is sending $9000.00 to every WW II Filipino veteran who lives in the Philippines, he just found it to be interesting they would use the stimulus package to do it. I guess with that kind of attitude that is why he’s still healthy in his mid 80’s!! :cool::cool:
Click to expand...

Aviator, Your dads good attitide seems to go along with the positive life he lived serving the country in War and in peace as a teacher. I read that soldiers who have lost friends in battle have a good perspective on what is really important in life and don't get bothered by small stuff. The stimulus package shortcomings are small stuff compared to friends and family and I keep telling myself that but I go off on a tangent and get riled up anyway sometime about what our government is up to. I know a good role model when I hear of one and your dad is that. HH
 
As of Feb 23rd 2009, the S&P 500 is down almost 19% 2009 YTD!! And last year it was down about 36%!!

When I think of our leaders in Washington, I start thinking of The BORG for some reason, so I Googled it on my PC…:cool::cool:

"Strength is irrelevant. Resistance is futile. We wish to improve ourselves. We will add your biological and technological distinctiveness to our own. Your culture will adapt to service ours." -- The Borg,:blink:
 
I guess investors didn’t care much for Barry’s speech last night when he said the economy is hanging by a thin thread!! While watching it, I was keeping my fingers crossed in that he would not talk down the economy. No such luck, it took him less than five minutes!! I was thinking, come on dude, at least say something positive!!

The S&P is down 14% YTD and looks like its now down another 2% this morning!!. That’s an average of 8% per month… 8 x 12 = 96% down for 2009 if it keeps going, look out. Oh yeah, last year it was down almost 40%... Something has to give because everyone is running scared on Wall Street!!

My parents lived through the Great Depression and they both told me most people alive today don’t have a clue what it meant to live it. They are now enjoying a very comfortable retirement with no debt, but they still plant a vegetable garden every year and it produces a nice surplus each year. My Mom still cans some of the Veggies so they can enjoy it during winter. And they share it with family and friends.

My wife and I enjoy canning too, but we have gone from doing it as a hobby to teaching others how to do it themselves. She and I started a free blog / website to help people learn the how to process for themselves. I know it sounds nuts, but we actually can meals too. We recently canned some Chili that was fantastic. On average, each serving costs less than one dollar and it’s a lot cheaper than buying it in the store.

Anyway, if the economy falls apart, I guess we can always live off the land in Oklahoma. We have a lot of land east of Tulsa. My wife is Cherokee and I’m pretty good with a long rifle. We could do as my parents and plant a nice vegetable garden and just live off the land for a while.

I plan on staying in the S&P 500 for now, but I have my finger on the trigger to get out early next month if I see any gain. Good Luck with your TSP investments!!:cool::cool:
 
you have okie roots,my family are (cherachicks) part cherokee part chickasaw, plenty of hunting, fishing here . if you dont shoot a deer you have pretty good odds of hitting one in your car still taste good,sometimes a little more tender :D
 
I've only shot one deer, a nice 10 pointer, but I've hit 3 with my truck! No waste there, feild dressed them on the spot, took them to the garage skinned then out and cut them up with a hack saw!! That's not easy you know!!:laugh:
 
I also have okie roots, still have family there and in Kansas. Would you share your blog/website address? I'd like to share it with my kids who are just starting out raising a family. Thanks--Ron
 
kar crazy said:
you have okie roots,my family are (cherachicks) part cherokee part chickasaw, plenty of hunting, fishing here . if you dont shoot a deer you have pretty good odds of hitting one in your car still taste good,sometimes a little more tender :D
Click to expand...

It’s located in Mayes county, some place called Hadley Mountain. My wife is a card carrying Cherokee and can get free life time Health Care!! My Mom and Dad both have some Cherokee on both sides from Southeastern Kentucky, but they don’t have the papers like my wife. Last November, my two boys and I flew my Piper warrior from Los Angeles to St. Louis and spent the night near the airport in Okmulkee Oklahoma. OK looks OK to me!:cool::cool:
 
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