coolhand's Account Talk

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Well bHo voters/supporters gotta be loving this, talking about outright robbery. I had an inkling that someting like this could occur, and have only been contibuting 3% for over a year and investing it elsewhere. Yeah I know I left money on the table and the tax benefit, but I didn't trust the socialist in the WH to keep his grubby paws off my money.

Now do we continue to pay into TSP or pull out and invest elsewhere? Yeah we will lose our match, but if they steal our money, we'll get lucky if we get our principle back. I also don't trust that $^*@& in the WH to not use the excuse that the matching funds are really gov't monies so they can renege and withdraw it from ourretirement. I smell mandate and purchasing tresuries in our future.

Well no Hope but plenty of change. The Feds have over spent with their socialist stimuls packages and now are going to take ours. Something bad is coming down the pike. :mad:

Yeah nothing might not happen, but for the crooks in the WH to even consider it is obscene and criminal. A man is only good as his word and we have a liar in theWH.

Since they are keeping us in the dark, we really can't make a thoughtful decision on what to do. We are being screwed to the wall and most folks either don't care, don't know it's happening or are thrilled.

Yep, but those unproductive got those homes, with our tax dollars, that they knew they couldn't even begin to pay for.

Enough, I "m just blathering now. But we are at the mercy of people who are so arrogant and have shown their disdain for us and our thoughts.
 
Do you think the retiring Senator Chris Dodd (D - Conn) just might know something? Being Chairman of the Senate Banking Committee, perhaps he's inching sternward on this Titanic :notrust:. Hey Chris, where ya goin?
 
The daily sentiment poll on trader's talk is shaping up to be overly bullish with over 57% bulls so far for Monday's trading. That's ususally a fade.

Sorry if I sound bearish, but I have alarm bells going off in my head. I can see a correction taking shape, but I can't tell when it's going to hit. We could very well see another big move higher first.

The one thing no one can accuse me of is being complacent. ;):cool:
 
I know it is hard to put a number on a feeling, but how much would you like to feel it go down?;):D

Morning.
 
Show-me said:
I know it is hard to put a number on a feeling, but how much would you like to feel it go down?;):D

Morning.
Click to expand...

I generally don't take guesses at targets, I just follow the Seven Sentinels for entry and exit points. It's going to take some kind of catalyst to trigger the sell-off, which could be many things. Poolman mentioned the other day that it's coming too, but could not pick a timeframe. That's understandable given the nature of the matrix.

I would not worry about a target in any event. Let's just try to keep our radar up and walk the fence so-to-speak. :)
 
That's cool, hard to put a date and number on anything in this market.

STA, January expiration week Monday's up 9 of 13. Rest of week horrible.
 
Does anyone believe that the correction will be deep or shallow? Consider that we are still in the best months of the year to be in stocks; and consider that the FED has taken some withdrawal action in relation to purchasing bonds, but has not yet raised interest rates or withdrawn the liquidity. Isn't this a sign that this time around the correction in January and February might be shallow? (That is, just enough to correct the overbought levels}.
 
coolhand said:
Here's another one.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a2iWoEiXyiSQ
Click to expand...

CoolHand,

This stream of articles illustrates an important point.

The slugs in Congress, by and large, are already wealthy. They do not have to invest in equities. The are 'Trust Funders'. They think everyone can live on 3% - 5% growth. The Kennedy's can:p, why can't you:mad:

If you can, search for Senator Kerry's 1040 tax form he posted when running for el Presidente. Look at President Obama's. All bonds.

Some thoughts. Asuming:
  1. Age 24
  2. Invest 10%
  3. Get the 5% match
  4. Starting 24,000 salary
  5. Invest till age 65 retirement
  6. Grow my contributions by inflation
Then, using a 5% average return (G/F Funds), I would have $738,135 for my golden years at age 65. That maps to an amazing annual after-tax retirement income of $10,163. Wow, $850 a month. Almost enough to pay the mortgage on my current home.

At an 8% average return I would have an annual after tax retirement income of $37,016. A monthly after-tax income of $3,084.

And, our complete retirement distributions would be payable from a single entity.

Wow, that is something to look forward to. Not me. If I get wind of such brilliance I am outa here - vamanos.
 
If we are in a new secular bull market we could continue up for another ten days before a rest period. Most of the consolidations and rotations have been done on an intraday basis. The lily pad surprise could be they are left sitting on the dock of the bay for the next 10% gain. I remember the market making a 13 day run in February 1983 - that was during the last great secular bull beginning of August 1982.
 
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