coolhand's Account Talk

[coolhand]

Hey Guys,

Show-me moved some of our earlier comments over to the link below, seperate thread, so we could keep all our ideas, concerns, latest info and questions in one thread, because of the interest it may generate.

http://www.tsptalk.com/mb/showthread.php?t=7988

Regarding ROTH's, the general consensus among most of us here on the MB, was to get the 5% matching TSP funds, then max out our ROTH's annually and then if ya had any remaining $$, put in TSP or whatever.

But now some of us are rethinking that philosphy, in the light of the Feds possibly mandating our retirement money be used to purchase Treasuries, so they can pocket that money to cover all their spending.

Hope this helps.

GL,
CB

Good idea. This is a very important topic.

 

[coolhand]

The guy who created the Seven Sentinels is selling on strength tomorrow. Thinks we may be entering a valley over the next week or two. I'd say it's a good bet too. Unfortunately, I suspect the selling may begin tomorrow as da boyz set the table for the next month of options trading.

 

[Frixxxx]

The guy who created the Seven Sentinels is selling on strength tomorrow. Thinks we may be entering a valley over the next week or two. I'd say it's a good bet too. Unfortunately, I suspect the selling may begin tomorrow as da boyz set the table for the next month of options trading.

Japan will show it's colors tonight...a red board there tonight will spell disaster tomorrow. I'm hoping for a slow sideways move tomorrow. But the fear of an MLK sell off is high....I wish sometimes I paid more attention to the fear in the market rather than the logic....
Good Call CH!

 

[Birchtree]

If the market would rally up strongly tomorrow to the tune of 120 points I'd step in front of the train and spend about $50K buying sensitive wall flowers. How much wood and cement will Haiti need?

 

[Frixxxx]

If the market would rally up strongly tomorrow to the tune of 120 points I'd step in front of the train and spend about $50K buying sensitive wall flowers. How much wood and cement will Haiti need?

Current numbers show just $100 Million. Barely a blip on the consumer radar here in America:blink:

 

[nasa1974]

The guy who created the Seven Sentinels is selling on strength tomorrow. Thinks we may be entering a valley over the next week or two. I'd say it's a good bet too. Unfortunately, I suspect the selling may begin tomorrow as da boyz set the table for the next month of options trading.

Let's hope tomorrow is not the start of a selling frenzy. I would like one more day of green. Either way I am going to G tomorrow. Looking at past days after a holiday is not good news. Last year was a big sell off after the MLK holiday and I really want to stay away from nnuuts sticky pants. :nuts:

 

[Show-me]

If the market would rally up strongly tomorrow to the tune of 120 points I'd step in front of the train and spend about $50K buying sensitive wall flowers. How much wood and cement will Haiti need?

BHO has to be very careful how he spend taxpayer money, after all there is another election to worry about and this could be fodder.

 

[grandma]

I think I'll cash in my TSP and buy a plot of land to plant a garden!
View attachment 7961

I have two lots out here At Beaver Lake, Lowell, AR, for sale !!!!
...corner adjoining - you know - one half of a square box.........
Lots of garden space !!

 

[grandma]

And along about 2020, when all those single-(male) children come to maturity and can't find a mate heavily to male gender and not equally balanced).....the potential ... or they go to war and bring home war brides. Hmm.

That sounds better than an alternative I've read about.......

 

[coolhand]

http://www.businessinsider.com/amer...ng-over-the-next-generation-of-workers-2010-1

 

[coolhand]

http://www.chicagotribune.com/news/opinion/chi-oped0114banksjan14,0,2562952.story

 

[Show-me]

http://www.businessinsider.com/amer...ng-over-the-next-generation-of-workers-2010-1

Ostensibly, such a tax will encourage better consumption patterns, and it even sounds egalitarian (tax the rich!) but as it happens, union workers are frequently the recipients of these plans, and union workers are a key part of the Democratic base.

What to do?

WSJ:
In funding the health measure, the Senate relied significantly on the new tax on high-end [COLOR=#1d637d !important][COLOR=#1d637d !important]insurance [COLOR=#1d637d !important]plans[/COLOR][/COLOR][/COLOR]. Under the Senate bill, health insurers would pay a 40% tax on premiums that exceed $8,500 annually for individuals, or $23,000 for family plans. Under the agreement reached Thursday, those thresholds would inch up to $8,900 for individuals and $24,000 for families, according to a union consultant. In addition, collectively bargained contracts would be exempt from the [COLOR=#1d637d !important][COLOR=#1d637d !important]tax[/COLOR] through Jan. 1, 2018[/COLOR].

So for 10 years, union workers -- or, ahem, workers who bargained their contracts collectively -- are exempt from the tax, while the rest of us pay it.

And then, in 10 years, the younger crop of union workers (in autos, steel, services, etc.) will have to pay it, so the inter-generational hose-job continues.

Classic.

I would say that would give them time to negotiate new contract to compensate and the older folks with the "Cadillac" plans would be dead or close to it.

I don't agree with it but nice negotiation.

Did you know the Amish are exempt for life? lol True story.

 

[Christopher]

C'mon now Show-Me, my wife is Amish. LOL Have you completed your sensitivity and diversity training for 2010? :notrust:

Did you know the Amish are exempt for life? lol True story.

 

[Show-me]

C'mon now Show-Me, my wife is Amish. LOL Have you completed your sensitivity and diversity training for 2010? :notrust:

I was sick that day.

 

[grandma]

Let's hope tomorrow is not the start of a selling frenzy. I would like one more day of green. Either way I am going to G tomorrow. Looking at past days after a holiday is not good news. Last year was a big sell off after the MLK holiday and I really want to stay away from nnuuts sticky pants. :nuts:

nasa - is this really a good day to sell? It is a hard decision for me to take a loss now, I'm not yet at my `stop' - but I really don't want to get to my stop! The fear of losing even that much, or worse yet, more, after MLK Day - has me forgetting to sip my coffee & it's getting cold on me....
Are you waiting until the `last minute'?
(no comment on the `sticky pants' thing -!!!)

edit: oops - ch - just realized we are in your account page -

 

[hessian]

Hey Grandma,
In 2008 I was actually up 8% (not bad for the year, until the waterfall hit (in Oct I think), and I decided to immediately leap to the G. Probably many have similar stories. Point is I saved myself from a MUCH biggr fall, and ended 2008 at a, then still respectable +4%.
VR

 

[Bullitt]

Coolhand, looking at your blog today I see some differences in this sell signal from the past sell signal. The Nasdaq and NYSE NHNL charts are sitting on uptrend support while the BP looks to have a ways to correct its overbought conditions. I think this sell will last longer than the previous one of two days.

 

[coolhand]

Coolhand, looking at your blog today I see some differences in this sell signal from the past sell signal. The Nasdaq and NYSE NHNL charts are sitting on uptrend support while the BP looks to have a ways to correct its overbought conditions. I think this sell will last longer than the previous one of two days.

I think you're right. I am very wary of stocks at the moment, but I'm only looking out a week or so.

 

[coolhand]

Coolhand, looking at your blog today I see some differences in this sell signal from the past sell signal. The Nasdaq and NYSE NHNL charts are sitting on uptrend support while the BP looks to have a ways to correct its overbought conditions. I think this sell will last longer than the previous one of two days.

Check this out.

http://www.traders-talk.com/mb2/index.php?showtopic=115122

 

[poolman]

Check this out.

http://www.traders-talk.com/mb2/index.php?showtopic=115122

Yea, That does not look good. Looks like support around the 335 area. I might be loading the Boat next week. We will see. Futures which is just that futures do not look good.

http://www.bloomberg.com/markets/stocks/futures.html

http://money.cnn.com/data/markets/index.html