Budnipper1's Account Talk

[budnipper1]

Yeah, $ GREEN $ is my favorite color! heeheee!
I didn't make my lucky guess for 2010 yet, but I will soon. Thanks again!

A green font - for profits and luck I assume?

Always good to hear from you bud. Did you make your guess for the 2010 Dow?

 

[nnuut]

Yeah…I finally won at somethin’, even though I came in second-fiddle! I’d forgot all about the 2009 Dow contest until Tom messaged me. Thanks, Tom! I’m forfeiting my prize, since I’ve been so inactive on TSPTalk, but I still feel like a winner. My vote’s for Tom sending it to the lucky “nnuut” instead, in honor of his recent retirement. Congrats, nnuut! Just for the record, I had 95% of my TSP money in the G fund for most of last year, with 5% in C. Yeah, I could have made alot more money, but I’m happy with my decision because I slept good all year. On a positive note, I take a small monthly draw from my account every month to supplement my retirement, but my balance didn’t go down at all. Compounded interest RULES! Hope I can keep that up from now on so my daughter can inherit a nest-egg! I hope everybody here has another great year and you all become millionaires! I’m NOT, but I’m doing just fine anyways! Take care. -Doyle

Hey BN1 long time sense I've heard anything from you, it seems you are doing fine. My 1st official day of retirement today and it started good last night when I didn't have to set my alarm clock!! It's GREAT so far!! Right now I'm 100% "G" missed the 1% drop last week but also missed the big rally today. 2009 wasn't good to me but there's another year to deal with, hopefully I'll do better this year. I plan on taking Monthly distributions when I get around to it no more than 4%. Come back and see us sometime we miss your HUMOR!!
Norman

 

[budnipper1]

Is CNN really going out on a limb here and predicting a "Bull"? :suspicious:

"U.S. stocks were set for a slightly higher open Wednesday as investors awaited the first major economic readings of the week."

/"Investors will take in a reading on state unemployment data for January, which is due out at 10 a.m. ET. --
A report on wholesale inventories is also due out then. A gain of 0.2% is expected for January, according to a consensus of economist forecasts from Briefing.com. --- The dollar slipped versus the euro but rose against the yen and the pound. The price of the 10-year note rose, pushing down the yield to 3.71%."/


http://money.cnn.com/2010/03/10/mar...campaign=Feed:+rss/money_latest+(Latest+News)
​

 

[budnipper1]

http://www.marketwatch.com/story/market-crash-2011-it-will-hit-by-christmas-2011-02-22?pagenumber=2

Market Crash 2011: It will hit by Christmas
By Paul B. Farrell, MarketWatch
Feb. 22, 2011

(page 2, closing remarks)
Yes, the bubble will pop this year says Grantham: “If the S&P rises to 1,500, it would officially be the latest in the series of true bubbles. All of the famous bubbles broke, but only after short rates had started to rise.”

So keep a close watch on those two tipping points in your planning, interest rates breaking to the upside and the S&P closing near 1,500. When inflation pushes interest rates up they’ll choke off this bull market. If you’re active, better stop chasing higher returns, especially emerging markets.

Bottom line: In what sounds like a direct shot at super-bull Jeremy Siegel, Grantham says that GMO’s research warns that “the market is worth about 910 on the S&P 500, substantially less than current levels” just above 1,300.

Then Grantham throws his fast ball right down the middle: “The speed with which you should pull back from the market as it advances into dangerously overpriced territory this year is more of an art than a science, but by October 1 you should probably be thinking much more conservatively.”

Translation: Get the heck out of Wall Street’s stock market casino soon, maybe as early as July 4th, and definitely get out by Christmas, because soon all the lies, lying and liars will stop working.

 

[Birchtree]

That was a good read but I enjoyed the comments section better. I'm holding out for SPX 1700 before the year ends.

 

[budnipper1]

That was a good read but I enjoyed the comments section better. I'm holding out for SPX 1700 before the year ends.

Good point. One guy said that Farrell has a 100% track record....wrong 100% of the time! Haha