Carnac's Corner

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The_Technician said:
Yeap it was a hard call to make...but better to be safe than sorry. This thing in riding on the edge.

Carnac
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I don't know if you guys noticed the I fund changes this morning...IEDOW,PTDOW are now I:IEDOW and I:PTDOW.

BOY o Boy, how do I wish I was in the market the last couple of days....I wonder how much the market will move today.....CB's are continuing to take the conservative route....AGG seems to be gaining interest of late, a precursor to a market drop possibly.

Carnac....
 
Well well well, I never would have believed the last couple of weeks myself........

The CB's are pointing to 1270 and below inside a week.....any takers???


Carnac....
 
Paladin said:
Has Mindy Lou been hitting the bottle again? :D
dogdrunk.jpg

Actually, your scenario is quite plausible if we get a few economic surprises this week...
Click to expand...

Love the dog Paladin.....love it....

Reality check....what do you think the major candidates support want most....is it to support you the average day citizen, to reduce your burden ????...... or is it keys to the piggy bank aka your taxes, to increase your burden.......after all said and done, do we need to ask ourselves what do the major candidate represent because in essence, that is what you're going to get.

One other thing one could consider is where will all this take us...right now you have a plausible expensive socialist facist state that would make us look like a broke Russia entity in the end, no good for any of us, I don't care what health care benefit you get today if any, you will be worse tomorrow........, or do we consider a minor improvement.... a broke entity that has still a capitalist framework......that we eventually could earn our way out of after we put handcuffs on the spending spree of the govt and the lilke.......in the end, we will probably have broke banks and a new lease on a new country essentially....in any case, we look broke and will act broke and will be broke, because no one in the govt will accept the fact that you can't just give out more money than what is possible.

I honestly believe if we could get the govt to restrict the percentage of taxes on its citizens, demand that percentages of it be spent in appointed areas such as defense and so forth and get the hands of the govt out of the cookie jar to get votes, we could actually have more with less.

Personally, I believe the country is past recovery without the average citizen paying a dear price.....the global economy of the recent past essentially eliminating any personal financial growth, the pilfering of profits from big corporations, plus the higher taxes with unpaid bills smell of a broke country that can't recover.


I think things have got to change and soon and I don't believe any of the candidates have you in mind except what they can take from ya.


I'd love to have more for less ....how about u.


Carnac
 
Good words CARNAC! We need someone in the White House that will rule with an Iron Fist and stop the stupidity, correct the problems and get our manufacturing back on the way to recovery. This is really jackin' my jaws!:nuts: I don't see a candidate that meets the requirements. :cool:
 
Looks like we're waiting till the start of next month to take a dive....eom data is important u know.....

The next dive could be a big one.....so keep er eyes open.:worried:

Carnac
 
The_Technician said:
Let me requote that one....

Carnac
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Maybe an explanation would be good.....we're at an end of a short term trend up.....the problem is, the short term up came up short....so combined with the great economic news we don't have....expect a near term drop like you may have never heard of.....:sick:

I really hate that the main culprits of this down swing can't learn a lesson on averages...it s poor economic planning at best on a world wide scale, thus alot of people get seriously affected by it, but great for short term profit taking.....for a few.

I wish the FED could have more control over how much energy prices could escalate annually....but then again, don't we have oil available on Federal land ....maybe we could sell it much cheaper than world oil and bring down prices some.....of course, there could be consequences to that....and then again, there is new energy coming.

Carnac
 
I have a friend that has coal and natural gas royalties coming in from some old family land in W.VA. Until recently been like the G fund, all of a sudden more like the I fund in good times...probably the result of China's increasing use of coal.

I have another friend that has all his eggs in one basket - petrol. I thought he was crazy but maybe like a fox since he's turned $300K into 4 MILLION in slightly less than a decade!

I don't see good things down the road and wouldn't be surprised if oil is somewhere between $125-140 before the end of 2008.
 
The_Technician said:
Maybe an explanation would be good.....we're at an end of a short term trend up.....the problem is, the short term up came up short....so combined with the great economic news we don't have....expect a near term drop like you may have never heard of.....:sick:

I really hate that the main culprits of this down swing can't learn a lesson on averages...it s poor economic planning at best on a world wide scale, thus alot of people get seriously affected by it, but great for short term profit taking.....for a few.

I wish the FED could have more control over how much energy prices could escalate annually....but then again, don't we have oil available on Federal land ....maybe we could sell it much cheaper than world oil and bring down prices some.....of course, there could be consequences to that....and then again, there is new energy coming.

Carnac
Click to expand...
How about STRENGTHENING the DOLLAR????
Don't have to gaze into my CRYSTAL BALL to figure that one out!:cool:
View attachment 3400
 
nnuut said:
How about STRENGTHENING the DOLLAR????
Don't have to gaze into my CRYSTAL BALL to figure that one out!:cool:
View attachment 3400
Click to expand...
Yeah, but first you have to look at the world economics since WWII...the imbalance that the US benefited frrom basically caused this dilemma.....and then you have the "GREAT" minds that thunk of the great idea to create an unstable situation that we are in by basically moving out alot of our economics to the rest of the world....I think they went overboard to make a buck....instead they should have moderated it to create less disturbance to our economic growth.....now we're pitching around like a boat on the high seas with ballast going side to side uncontrolled.......


But what do we do now is the question....hopefully this imbalance can be corrected and moderated a bit more over the next 50-60 years and then maybe just maybe we can get somewhat on par with the rest of the world in the next 100 years.....

But what do I know.

Carnac
 
Right on CARNAC, guess I won't be around when it happens, unless I live to be 120 years old?:worried:
 
nnuut said:
Right on CARNAC, guess I won't be around when it happens, unless I live to be 120 years old?:worried:
Click to expand...

A bit of reflection comes to mind....March 2001, market dropped from 1350's+ to 1100 in less than two months.......



"Trust but verify" and carry a big stick.

"You gotta know what u are doing, you gotta know, or else what do you have, I mean you gotta know.....that's what wrong with this world...."

Carnac
 
The Crystal Ball Report...

G fund...looking good...read further

F fund...peaked out already??

C fund....could be good for a day or two...

S fund...not as good as the C fund...buying top 500 will be apparent here

I fund...both $ and foreign markets don't bode well for the I ..speculate this will feed off on USMkt's in the next couple of days....

It remains to be seen....

Carnac
 
Why do I get the feeling that some people never really see the whole picture with this from a news article today.....

"Some voters in Ohio's economically depressed Mahoning Valley told CQ Politics on Monday that they planned to vote for Clinton despite her husband's support of NAFTA. They said they hoped she could offer a return to what they said were generally better economic times during Bill Clinton's presidency. "

It wasn't what Bill did, its what he inherited (and the powers that were kept his hands off of it)........a freighttrain of economics that Reagan started with and Bush 1 continued with....it just doesn't appear overnight....it takes years to get the thing rolling, especially where it started from....policy was destined to bring an economic expansion just do to the technology jump that we experienced....

The next 10 years will be interesting enough and the policy will be difficult enough to stay afloat, a real challenge to the next policy makers....

Carnac
 
Well well well....I saw Country Wide Financial doing despicable business practices....they were suggesting for borrowers to come to them, combine their loans under one umbrella for a reduced monthly rate.....

Sounds great at first, but with the amount of "on the edge" borrowers this day and time this is a trap play.

U should know by now the motive behind this despicable scheme....if you don't....... its all about taking all your possessions when you are taxed too much to pay the one loan off.....it puts you in a very precarious situation to make a loan for every thing under one umbrella....so don't fall for such low business practices....avoid them like the plague and tell others the same....

Country Wide is a poor investment for the future. Expect them to fold with your money if you own their stock.


Carnac
 
The Crystal Ball's are getting rubs that we're in for it......it's coming soon your way.....When you are in a wreck, try to live through it.

Carnac
 
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