99percent
Member
Or you can call him RJ Jr.
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burrocrat's Account Talk
- Thread starter burrocrat
- Start date
malyla
Active member
Burro - Don't get psyched out. The VIX is saying stay in stocks.
Boghie
Well-known member
The lion was slow, but the herd's laggards are still on the savanna. Yummy...
By the way, after last year me thinks I should be called 'Target of Opportunity'. You can look at making 17% in a 30% market two ways: 1) Wow, I just made 17% - that is like twice the normal returns of the market!!!, or 2) Good God, I just dropped 13% from market returns - that is like more than a year of returns and when things revert to the mean I will be hammered!!!
--- I was looking for a cartoonish photo of a lion in a reticule, but they were all kinda sad ---
burrocrat
Well-known member
well if 17% is target of opportunity then 5% is roadkill. but i got my trading legs back underneath me and i ain't running on fear this year. i'm gonna pwn this choppy market, it just doesn't know it yet. i might let it run yet for a little bit to lean up, but i will eat.
burrocrat
Well-known member
try this lion image:
View attachment 27113
that is mufasa, from lion king, which is some sick walt disney joke. the young boy lion simba helplessly watches his dad mufasa slide into the abyss in front of a herd of wildebeasts that eventually after much suspense and fear stomp him lifeless. and all simba can do is scream 'mufasa run mufasa!' and watch him die (mufasa = move faster).
tole you old walt was sick. don't expect any chivalry or social security grace from the kids at large since they are brought up to watch parents die when they can't move faster. and don't count on the market (tsp), that game is rigged too.
View attachment 27113
that is mufasa, from lion king, which is some sick walt disney joke. the young boy lion simba helplessly watches his dad mufasa slide into the abyss in front of a herd of wildebeasts that eventually after much suspense and fear stomp him lifeless. and all simba can do is scream 'mufasa run mufasa!' and watch him die (mufasa = move faster).
tole you old walt was sick. don't expect any chivalry or social security grace from the kids at large since they are brought up to watch parents die when they can't move faster. and don't count on the market (tsp), that game is rigged too.
Boghie
Well-known member
Nice Burro, nice...
But here is the nice thing about F/C/S/I... Especially C/S/I... Those assets are not cash in some government controlled account or in some government controlled IOUs. The 'G Fund', however:
When you purchase 'C Fund' equities the money gets scattered to the wind. There is nothing left for the gubmint to grab other then stock shares - and they would have to sell those to grab the mullah. This is the same for S/I and F.
There are ways that the gubmint can make the grab:
- Currency Inflation - but, equity assets usually keep up with inflation
- Industry Nationalization - but, we can invest in the 'I Fund' and we can quit and move assets to a self-directed IRA
- Excessive Savings/Hoarding Tax - but, although difficult to avoid, there are options here. Do you think all the rich Cypriots to a haircut?
Here is what I think will happen. The Federal Gubmint will be forced to shrink fairly rapidly and fairly chaotically; but the world will not end. GenXers will not care about gubmint threats of service reduction, gubmint union promises, or our jobs (RIFs, furloughs, etc.). Nobody cared last year, nobody will care in the future. Caring about gubmint services is so Baby Boomer. GenXers will slice and dice. Not that I will like it, but we seem unable to change with the times. In fact, how many of us think we must grow spending and staff with inflation and population increase? Ever hear of productivity increases. That is how businesses expand. We have to become force multipliers rather than bureaucrats. Anyone planning projects or ensuring the compliance of projects till the projects fail will have a hard time when the gubmint shrinks. Not at first, but as soon as the folks out there realize that they are being gamed...
burrocrat
Well-known member
you forget that the market, which is not subject to confiscation by gov immediate grab, is still subject to eventual gov fiscal rot.
forcing conservative retirees into more risk than they are comfortable with just so they don't lose their 0.10% savings account interest to 3.0% inflation is cruel.
the federal reserve is a private coalition of bankers, the same money folks that have owned us for centuries. if you think the fed works for the gov then you are sorely mistaken. the fed owns the gov, by owning our debt.
that is why we squawk and fight over $800 million in food stamp cuts per year but turn out $700 billion in favor of bank liquidity overnight when the fiscal system puts their hands around our neck and whispers to the politicians in the hallowed halls.
when the banks want the market to go up they pump up the equity or commodity bubbles and turn the spigot loose on worthless paper money. when everybody is resigned to risk just to stay even then that's when stocks crash and everybody wants to buy their money. win/win. it has always been so.
they used to do the fuedal thing where the regional lord could come claim your daughter for the weekend as a kitchen wench or else you loose your priveledge to work the land and your estate is destitute. but at least she stays warm and fed.
now they feed your daughter free snap food and dope, to keep her as a servant. but at least she's warm and fed. six in one, half dozen the other.
forcing conservative retirees into more risk than they are comfortable with just so they don't lose their 0.10% savings account interest to 3.0% inflation is cruel.
the federal reserve is a private coalition of bankers, the same money folks that have owned us for centuries. if you think the fed works for the gov then you are sorely mistaken. the fed owns the gov, by owning our debt.
that is why we squawk and fight over $800 million in food stamp cuts per year but turn out $700 billion in favor of bank liquidity overnight when the fiscal system puts their hands around our neck and whispers to the politicians in the hallowed halls.
when the banks want the market to go up they pump up the equity or commodity bubbles and turn the spigot loose on worthless paper money. when everybody is resigned to risk just to stay even then that's when stocks crash and everybody wants to buy their money. win/win. it has always been so.
they used to do the fuedal thing where the regional lord could come claim your daughter for the weekend as a kitchen wench or else you loose your priveledge to work the land and your estate is destitute. but at least she stays warm and fed.
now they feed your daughter free snap food and dope, to keep her as a servant. but at least she's warm and fed. six in one, half dozen the other.
burrocrat
Well-known member
http://m.youtube.com/watch?v=WO4wcNVbYOQ
still waters run deep.
check out the wrinkles on that gal's forehead. definately a robot, for sure.
still waters run deep.
check out the wrinkles on that gal's forehead. definately a robot, for sure.
burrocrat
Well-known member
somebody spun cookies in my yard last night. on purpose. jumped the ditch and got their pickup stuck right in my front yard. then they revved back and forth trying to get free, rapping cylinders the whole time for at least 5 minutes, that thing was smoking and groaning, permanently damaged.
i know exactly who it was, there's only two silver ford extended cabs in town. and only one of them has reason to drive in my yard. plus i watched the whole charade through the red dot. it's a good thing nobody opened the doors or got out, just kept revving it fowards and back until broke it loose from the ice back up the ditch. lucky them.
i didn't call the sheriff, had it handled. but he drove by 5 minutes later and waved, the neighbors aparrently weren't so confident. somebody's dad will be buying a new pickup tomorrow. that thing is toast now.
he should really watch where he's going, and keep closer tabs on his girlfriend. that is a dangerous game. i had no idea she was dating someone, and she didn't say. not everything is as it seems.
i know exactly who it was, there's only two silver ford extended cabs in town. and only one of them has reason to drive in my yard. plus i watched the whole charade through the red dot. it's a good thing nobody opened the doors or got out, just kept revving it fowards and back until broke it loose from the ice back up the ditch. lucky them.
i didn't call the sheriff, had it handled. but he drove by 5 minutes later and waved, the neighbors aparrently weren't so confident. somebody's dad will be buying a new pickup tomorrow. that thing is toast now.
he should really watch where he's going, and keep closer tabs on his girlfriend. that is a dangerous game. i had no idea she was dating someone, and she didn't say. not everything is as it seems.
burrocrat
Well-known member
this market sucks. for like 14 months now it just can't lose. 3 words, 10 letters, re lent less. 14 in a row black means bet on red, things always revert to the mean, that's why i sit here in G rocking back and forth hugging my teddy bear and mumbling.
the longer it keeps this up the harder it will be.
the longer it keeps this up the harder it will be.
ravensfan
Well-known member
You're not alone burro. The road to riches is full of potholes...
Boghie
Well-known member
Burro,
Don't bet so much on being right. Especially when you have to be right twice. I drink too much beer to be right twice so I kinda just play the margins on three standard allocations. It is easy to bail on a crash or to get in on a huge boom. The rest is just playing a couple of bucks on a number when you have the outside covered (a roulette referenece:cheesy
.
Just hold a big chunk in an allocation your stomach can handle and put a little bit directly on the numbers. That way you get a big piece of 30% gains even when you think things are in the dirt.
Don't bet so much on being right. Especially when you have to be right twice. I drink too much beer to be right twice so I kinda just play the margins on three standard allocations. It is easy to bail on a crash or to get in on a huge boom. The rest is just playing a couple of bucks on a number when you have the outside covered (a roulette referenece:cheesy
.Just hold a big chunk in an allocation your stomach can handle and put a little bit directly on the numbers. That way you get a big piece of 30% gains even when you think things are in the dirt.
