burrocrat
Well-known member
burros-ark 160612
burros-ark update: something is wrong with the world, the i-fund says so, wow that was some steep cliff it jumped off friday, if you have any in the i-fund better check your shorts you may have lost them. the c- and s-funds are looking a little sick too, sliding backwards and leaving skidmarks. so what changed, why did it do that? the f-fund sure seems to be an anomoly too, up almost 5% and not even halfway through the year, when was the last time you could make 5% in high grade corporate bonds in six months? these are strange days indeed. this market is a tramp, strutting all up and down the street taking everybody’s money with no shame, nobody knows where all she goes yet we all still play with her and wait for some favor, like a little miss sugar pants. the only thing for sure is somebody gonna get screwed here.
View attachment 38501
burros-ark signal: hold (confirm previous previous sell). this is extremely negative positioning on the ark, el vira at all time lows and exposure has no balls, hardly anybody dares to put it on the line, nobody even buying and holding, they have moved out too. it has been on the light side all year and just can’t seem to shake this pervasive negative sentiment. that is something to pay attention to, if you take a flyer here and jump in may god keep your soul. hold. beside all the political and economic uncertainty, we got the seasonal negativity to contend with as all the titans of finance are too busy drinking and screwing and snorting or whatever else they do in the hamptons to be in town and trade. let them party. burros-ark will continue sitting this one out. hold.
View attachment 38502
burros-ark stuff: i am checking out a retirement planning conference this week so in preparation i printed some things for them to review in a private consultation, and this is frikkin discouraging. my three-legged stool is looking pretty humble. social security statement don’t look too bad because i have worked my whole life and the projected payment at age 67 is not too bad at all, except everybody knows it will be insolvent by then and there is a good chance i’ll never make it that far so good luck cashing that check at the broke public trough bank. FERS ain’t looking bad either and will continue to improve as i walk the wig steps across my pay band for the next 15 years, but still not projected to be anymore than ssi. and if ssi is broke then what happens to FERS? actually the retirement annuity would be first to go for gov employees before they yank general society’s ssi payments, now that is two called strikes and i haven’t even swung the bat yet. so I’m left with swinging for the fence in my tsp, how am i doing? except it occurs to me that the same entity that has mismanaged ssi and will not be able to afford to pay my employment annuity is also the fidicuary of my market investments via tsp. wtf? talk about all my eggs in one basket, crap, i’m hosed. so i had to take a good hard honest look within and i have come to accept that i’ll never be cruising down the road in that rock star party bus, unless i get a job as a chauffeur, but hey there’s worse things a guy could do. and i still fully intend to hit the lotto bigtime in the next decade or so there is always that backup plan. also if you are a sugar mama looking for a good bus driver let me know, i don’t mind selling it, actually i kinda like it, and i can maintain pools too. happy trails.
burros-ark update: something is wrong with the world, the i-fund says so, wow that was some steep cliff it jumped off friday, if you have any in the i-fund better check your shorts you may have lost them. the c- and s-funds are looking a little sick too, sliding backwards and leaving skidmarks. so what changed, why did it do that? the f-fund sure seems to be an anomoly too, up almost 5% and not even halfway through the year, when was the last time you could make 5% in high grade corporate bonds in six months? these are strange days indeed. this market is a tramp, strutting all up and down the street taking everybody’s money with no shame, nobody knows where all she goes yet we all still play with her and wait for some favor, like a little miss sugar pants. the only thing for sure is somebody gonna get screwed here.
View attachment 38501
burros-ark signal: hold (confirm previous previous sell). this is extremely negative positioning on the ark, el vira at all time lows and exposure has no balls, hardly anybody dares to put it on the line, nobody even buying and holding, they have moved out too. it has been on the light side all year and just can’t seem to shake this pervasive negative sentiment. that is something to pay attention to, if you take a flyer here and jump in may god keep your soul. hold. beside all the political and economic uncertainty, we got the seasonal negativity to contend with as all the titans of finance are too busy drinking and screwing and snorting or whatever else they do in the hamptons to be in town and trade. let them party. burros-ark will continue sitting this one out. hold.
View attachment 38502
burros-ark stuff: i am checking out a retirement planning conference this week so in preparation i printed some things for them to review in a private consultation, and this is frikkin discouraging. my three-legged stool is looking pretty humble. social security statement don’t look too bad because i have worked my whole life and the projected payment at age 67 is not too bad at all, except everybody knows it will be insolvent by then and there is a good chance i’ll never make it that far so good luck cashing that check at the broke public trough bank. FERS ain’t looking bad either and will continue to improve as i walk the wig steps across my pay band for the next 15 years, but still not projected to be anymore than ssi. and if ssi is broke then what happens to FERS? actually the retirement annuity would be first to go for gov employees before they yank general society’s ssi payments, now that is two called strikes and i haven’t even swung the bat yet. so I’m left with swinging for the fence in my tsp, how am i doing? except it occurs to me that the same entity that has mismanaged ssi and will not be able to afford to pay my employment annuity is also the fidicuary of my market investments via tsp. wtf? talk about all my eggs in one basket, crap, i’m hosed. so i had to take a good hard honest look within and i have come to accept that i’ll never be cruising down the road in that rock star party bus, unless i get a job as a chauffeur, but hey there’s worse things a guy could do. and i still fully intend to hit the lotto bigtime in the next decade or so there is always that backup plan. also if you are a sugar mama looking for a good bus driver let me know, i don’t mind selling it, actually i kinda like it, and i can maintain pools too. happy trails.
