Aviator Guy's Account Talk

[Aviator_Guy]

It looks like another good day for stocks in Europe. This makes it the 5th trading day in a row!! I’m jumping out of the “I” fund pool and sit on top of my modest gains.

Wed May 6, 7:08 am ET
LONDON (AFP) – Europe's main stock markets posted modest gains on Wednesday as cautious investors awaited results of "stress tests" on troubled US banks and key unemployment data this week.
Markets were also nervous on the eve of interest rate decisions from both the Bank of England and the European Central Bank.
In late morning trading, London's FTSE 100 index of leading shares rose 0.30 percent to 4,350.15 points.
Frankfurt's DAX 30 added 0.08 percent to 4,857.07 points and in Paris the CAC 40 climbed 0.80 percent to 3,250.73 points.
The DJ Euro Stoxx 50 index of leading eurozone shares advanced 0.28 percent to 2,414.29 points.
The European single currency stood at 1.3320 dollars.
In Asia on Wednesday, Hong Kong shares leapt 2.46 percent, aided by banking giant HSBC, while Tokyo remained shut for the "Golden Week" public holidays.
Frankfurt, London and Paris have surged in value since hitting 2009 multi-year low points in March, as investor sentiment was buoyed by hopes that the battered global economy could have turned the corner.

 

[Aviator_Guy]

I work along the border from time to time, so it looks like two shots this fall for me. I was just thinking about that Will Smith movie, “I am Legend”… Everyone gets a vaccine and the vaccine itself triggers a pandemic…


May 6 (Bloomberg) -- The World Health Organization has determined that at least two influenza shots will be needed to protect against both the seasonal form of the disease and the new swine flu.

 

[Aviator_Guy]

I found this really interesting government report from the USGS. If this is correct, it will change everything. I would HIGHLY recommend you read this government report and then ask your United States Senator / Congressman their position on the subject!!

http://www.usgs.gov/newsroom/article.asp?ID=1911

 

[nnuut]

I found this really interesting government report from the USGS. If this is correct, it will change everything. I would HIGHLY recommend you read this government report and then ask your United States Senator / Congressman their position on the subject!!

[URL]http://www.usgs.gov/newsroom/article.asp?ID=1911[/URL]

How about that, BIGGER than EXPECTED!!!! That's GREAT STUFF, but take a look at this:
http://www.tsptalk.com/mb/showpost.php?p=218982&postcount=5916

 

[Medic72]

wow very interesting! that could change a few things i think.

 

[Aviator_Guy]

Increasing Taxes by 1 trillion dollars?? They know the golden rule, those with the most gold make the rules, so they have every right to take it away from Tax Payers and Businesses and turning it over to the Government… I wouldn’t be surprised if they have an IFT / FV tax within the next two years too?? I guess they can do whatever they want since they now have a solid lock on power in both Houses…

Obama Proposes $58 Billion in Taxes on Traders, Life Insurance
By Ryan J. Donmoyer
May 11 (Bloomberg) -- President Barack Obama proposed $58 billion in new taxes on securities dealers, life insurance products and Americans with valuable estates to pay for his health-care overhaul.
The eight new proposals, detailed in budget documents released today, are in addition to more than $1 trillion in tax increases over the next decade the president wants to impose beginning in 2011.

 

[Aviator_Guy]

I would like to be in Stocks in June when the next inventory numbers come out. They will probably ramp up after their current inventory correction slows down!

May 13 (Bloomberg) -- Inventories at U.S. businesses fell in March for a seventh consecutive month, the longest stretch since 2002, as slumping sales forced companies to pull back.

The 1 percent drop in the value of unsold goods at factories, retailers and wholesalers followed a revised 1.4 percent decline the prior month, Commerce Department figures showed today in Washington. The decrease failed to keep pace with a 1.6 percent drop in sales that was the biggest so far this year.
`Companies are still in the mindset of an inventory correction,'' Christopher Low, chief economist at FTN Financial in New York, said before the report. ``Once inventories are back in line with demand, production will pick up.''

 

[JTH]

I would like to be in Stocks in June when the next inventory numbers come out. They will probably ramp up after their current inventory correction slows down!

Folks may try to get into position prior to June. In 2003's market, March saw the bottom, and what followed was a swift rise. Then a 20 point pullback in mid May, followed by a nice climb till mid June.

Anything can happen...

 

[Aviator_Guy]

North Korean Nukes?!?!... Hmmmmm, you can bet that the Navy’s 7th Fleet is on very high alert in the South Pacific right about now!! I’m going to watch one of my all time favorite movies tonight, “Crimson Tide”… You can count on the USN Carrier Air Groups are ready if push comes to Ka Boom… I’m also willing to bet all North Korean submarines are either in port or wishing they were!!... I just hope BHO was paying attention when he was being briefed on the use of Nukes…

 

[Aviator_Guy]

If I were that little short Iranian dude (Ahmadinejad), I would recommend he Google the “French Revolution” right about now…

 

[Aviator_Guy]

I want to know why the media is sitting on the sidelines on this story. I know the media love affair with BHO is obvious, but give me a break!!

http://news.yahoo.com/s/ap/20090623/ap_on_re_as/as_koreas_nuclear

 

[Aviator_Guy]

I find it interesting that Sotomayor’s reverse-discrimination case was overruled by the U.S. Supreme Court. I can’t wait to hear the spin on this news from the media…

http://www.bloomberg.com/apps/news?pid=20601087&sid=a7ZcKGPnqwlk

 

[Aviator_Guy]

This is a good article on the VIX indicator…
http://www.wealthdaily.com/aqx_p/13053?gclid=CObPhoDir5sCFShRagodaXOhCQ

VIX nears 10 month low… Down 1.0% today…
http://online.wsj.com/mdc/public/npage/2_3051.html?symb=vix&mod=DNH_S


Good news on the natural gas inventory numbers.. It’s up about + 18% higher than the 5 year average…
http://www.eia.doe.gov/oil_gas/natural_gas/ngs/ngs.html

Gasoline trumps USA oil inventories…
http://seekingalpha.com/article/143853-gasoline-trumps-u-s-oil-inventories

 

[Birchtree]

When the VIX tags 20 the flood gates will open - that would be the perfect time to gently step aside for a short while from a contrarian strategy.

 

[Aviator_Guy]

My oldest son, age 24 was visiting me out here on the left coast (Los Angeles) and decided to purchase a new car. He was able to pick up a brand new 2009 Accord for 20% off the MSRP and also got 3.9% APR on financing. He’s a full time college student who only works part time for the Air National Guard since leaving the USAF a couple years ago. The car dealer manager told me they only sold 3 cars that weekend compared to 50 the year prior!! If you have good credit, now is an excellent time to buy!!

 

[Aviator_Guy]

http://online.wsj.com/mdc/public/npage/2_3051.html?symb=vix&mod=DNH_S

 

[Aviator_Guy]

I found this interesting article about Billionaire Rajaratnam being nabbed today for insider trading… Have you ever wondered how a crooked Billionaire spends their money?

Rajaratnam information taken from the article…

The FEC said he made over $87,000 in contributions to President Barack Obama's campaign, the Democratic National Committee and various campaigns on behalf of Hillary Rodham Clinton, U.S. Sen. Charles Schumer and New Jersey U.S. Sen. Robert Menendez in the past five years.

The Associated Press has learned that even before his arrest, Rajaratnam was under scrutiny for helping bankroll Sri Lankan militants notorious for suicide bombings.

Papers filed in U.S. District Court in Brooklyn allege that Rajaratnam worked closely with a phony charity that channeled funds to the Tamil Tiger terrorist organization. Those papers refer to him only as "Individual B." But U.S. law enforcement and government officials familiar with the case have confirmed that the individual is Rajaratnam.

Joseph Demarest Jr., the head of the New York FBI office, said it was clear that "the $20 million in illicit profits come at the expense of the average public investor."

The Securities and Exchange Commission, which brought separate civil charges, said the scheme generated more than $25 million in illegal profits.

Congratulations to the FBI and Associated Press for providing info about this criminal.

http://finance.yahoo.com/news/Billionaire-among-6-nabbed-in-apf-2808194948.html?x=0

 

[Show-me]

Aww, he is just misunderstood.:blink:

 

[Aviator_Guy]

I decided to get back in after being on the sidelines for a few days… I still think we will see a negative market correction before the end of the year, I just hope I’m not in it at the time!!!

Boeing is taking a beating with the delays on their new 787 and 747-8… I still think they will hit a home run when the 787 goes operational… I can’t wait to take a ride on one in the future!!

Boeing Posts $1.56 Billion Loss After 787, 747 Charge (Update3)

Share | Email | Print | A A A ​

By Susanna Ray

Oct. 21 (Bloomberg) -- Boeing Co. posted a third-quarter loss that was bigger than analysts estimated and reduced its full-year profit forecast, hurt by $3.5 billion in charges for the delayed 787 Dreamliner and 747-8 jumbo jet programs.
The net loss of $1.56 billion, or $2.23 a share, compared with year-earlier net income of $695 million, or 96 cents, the Chicago-based company said today. The average estimate was $2.10 in a survey of 18 analysts.
The loss was the biggest in Bloomberg records dating to mid-1983. Boeing took combined charges of $3.59 a share for the 787 Dreamliner, whose first three test planes have no commercial value because of extensive reworking, and for the 747-8, which the company earlier this month said is more expensive and encountering lower demand than it predicted.

 

[Aviator_Guy]

My California Senators Boxer / Feinstein, Congresswoman Pelosi and BHO all claim they need to pass National Health Welfare ASAP…. They claim in doing so, it will help to reduce the cost of future Healthcare?? Hmmm… This article claims it will only cost TAXPAYERS 1 Trillion more dollars when they pass it… My California reps all claim all problems Americans face can all be solved with a lot more federal deficit spending, a larger federal government and expanding federal social spending programs???... The facts are, our deficit tripled for FY 2009 (feds spent 1.4 Trillion more than they took in)…

Anyway, I must be hanging in the wrong crowds out here in California because I have yet to meet a single person who wants Health care legislation passed!!! I just think it’s important to let your elected officials know how you and your family feel about it… It’s important to speak out, even out here on the left coast!!!... Good Luck!!!

http://news.yahoo.com/s/ap/us_health_care_overhaul;_ylt=AvX1NIVqR7YoUO9f8RGgVLas0NUE;_ylu=X3oDMTM1aTNxOTQ0BGFzc2V0A2FwLzIwMDkxMDIzL3VzX2hlYWx0aF9jYXJlX292ZXJoYXVsBGNwb3MDMQRwb3MDMgRwdANob21lX2Nva2UEc2VjA3luX3RvcF9zdG9yeQRzbGsDaG91c2VoZWFsdGhj

WASHINGTON – Health care legislation taking shape in the House carries a price tag of at least $1 trillion over a decade, significantly higher than the target President Barack Obama has set, congressional officials said Friday as they struggled to finish work on the measure for a vote early next month.

Democrats have touted an unreleased Congressional Budget Office estimate of $871 billion in recent days, a total that numerous officials acknowledge understates the bill's true cost by $150 billion or more. That figure excludes several items designed to improve benefits for Medicare and Medicaid recipients and providers, as well as public health programs and more, they added.