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Corepuncher's Account Talk
- Thread starter Corepuncher
- Start date
Corepuncher
Well-known member
I wonder if anyone is going to buy cars from "Government Motors?" Just the name makes me puke! 
I wonder if they will have a stigma attached to them now...similar to shopping at Wal Mart, etc.
"YOU bought a car from bankrupt Government Motors? Ewe!"
Actually maybe they can call it "Obama Motors", and they can include a car with the welfare checks (or at least a free tune-up).
I wonder if they will have a stigma attached to them now...similar to shopping at Wal Mart, etc.
"YOU bought a car from bankrupt Government Motors? Ewe!"
Actually maybe they can call it "Obama Motors", and they can include a car with the welfare checks (or at least a free tune-up).
Gumby
Active member
Corepuncher
Well-known member
kar_crazy
Active member
how by taxing soda pop (i am sure his are free)
Terminator says he's going to remove 500,000 from welfare in CA. I doubt it will ever happen.
steveg
Member
Birch --
I just LOVE your feistiness! Just like I said in my thread, we agree!
And Mojo --
I'd love to see CA have to return to the real world, but like you -- I'll believe it when I see it. They could start by upholding the law (regarding illegal immigration), as opposed to their "if you make it in, we have billions of $$ in free stuff for ya" mentality...
Steve
I just LOVE your feistiness! Just like I said in my thread, we agree!
And Mojo --
I'd love to see CA have to return to the real world, but like you -- I'll believe it when I see it. They could start by upholding the law (regarding illegal immigration), as opposed to their "if you make it in, we have billions of $$ in free stuff for ya" mentality...
Steve
Boghie
Well-known member
Medic,
We, the Fightin' Fury of California, can hit a migratory human’s emergency water ration jug (left by well meaning sprout crunchers) with a biodegradable wheat grass pellet propelled from a sun hardened bamboo tube at almost ten feet away.
We are the Deadliest Warriors.
Well, maybe the Greenest.
Anyway, we have The One’s Favor. You shall be assimilated…
We, the Fightin' Fury of California, can hit a migratory human’s emergency water ration jug (left by well meaning sprout crunchers) with a biodegradable wheat grass pellet propelled from a sun hardened bamboo tube at almost ten feet away.
We are the Deadliest Warriors.
Well, maybe the Greenest.
Anyway, we have The One’s Favor. You shall be assimilated…
Medic72
Member
Love it!
sounds weird but give me a box o hollow point 22L and my 22 w/scope, and ill pop em off one by one from a small hill or the bushes and they wont ever find me
Corepuncher
Well-known member
Graphic courtesy of Credit Suisse
The information contained within this graphic tells you everything you need to know. Up until now, the housing "crash" was due mostly to "sub-prime." Unfortunately, the Option ARM / Alt-A atom bomb will be the real kicker. Just add up the height of the yellow and green, and compare that to the dark blue. And, judging from this graph, the real fun does not occur until next summer...and it continues well into 2011!
Now, the big money center banks have been avoiding taking their medicine. They do not want to sell their toxic assets at cents on the dollar, because of the hit they will take. Every time the government tries to come up with a plan to rid them of their toxic assets, it fails, in part because of this and in part because there are not enough buyers of this sludge! Remember the reason for the big rally off the bottom? It was that banks would not be nationalized because they had a plan. That very same plan, the REASON the market rallied, has died. Think Wiley E. Coyote hanging in mid-air over a canyon.
Yet, they proudly proclaim that they can pay back the TARP, and they are healthy. Now they are paying it back. Ummm...since the bad assets are still on their books, what do you think will happen over then couple years, at an ever increasing rate? Yup...they will come begging for billions...again.. But this time, I reckon, they will just be nationalized. That is when their stock finally goes down to zero.
As for the stock market, rest assurred there are billions going into it right now, that is tax payer money...effectively. JPM and the like are propping it up, buying thousands of shares of SPY at every dip. They can't say "Over here is one pile of money, and over here is the bailout money." We are going to have another massive liquidity drain, but I'm not sure when. I think the bond market will have something to do with this though.
Anyway...whatever! The graph above, in combination with rising interest rates, says it all. You can't argue with it. It's fact. I could have been up 50% instead of 12% YTD, but oh well. I'm happily staying in G fund until we are out of this mess, which in my estimation, wil not be for years.
The information contained within this graphic tells you everything you need to know. Up until now, the housing "crash" was due mostly to "sub-prime." Unfortunately, the Option ARM / Alt-A atom bomb will be the real kicker. Just add up the height of the yellow and green, and compare that to the dark blue. And, judging from this graph, the real fun does not occur until next summer...and it continues well into 2011!
Now, the big money center banks have been avoiding taking their medicine. They do not want to sell their toxic assets at cents on the dollar, because of the hit they will take. Every time the government tries to come up with a plan to rid them of their toxic assets, it fails, in part because of this and in part because there are not enough buyers of this sludge! Remember the reason for the big rally off the bottom? It was that banks would not be nationalized because they had a plan. That very same plan, the REASON the market rallied, has died. Think Wiley E. Coyote hanging in mid-air over a canyon.
Yet, they proudly proclaim that they can pay back the TARP, and they are healthy. Now they are paying it back. Ummm...since the bad assets are still on their books, what do you think will happen over then couple years, at an ever increasing rate? Yup...they will come begging for billions...again.. But this time, I reckon, they will just be nationalized. That is when their stock finally goes down to zero.
As for the stock market, rest assurred there are billions going into it right now, that is tax payer money...effectively. JPM and the like are propping it up, buying thousands of shares of SPY at every dip. They can't say "Over here is one pile of money, and over here is the bailout money." We are going to have another massive liquidity drain, but I'm not sure when. I think the bond market will have something to do with this though.
Anyway...whatever! The graph above, in combination with rising interest rates, says it all. You can't argue with it. It's fact. I could have been up 50% instead of 12% YTD, but oh well. I'm happily staying in G fund until we are out of this mess, which in my estimation, wil not be for years.
Last edited:
Boghie
Well-known member
Safety in the 'G Fund'...
Corepuncher,
What happens when the various Treasury auctions start to dry up? Not necessarily go to zero, but dry up at the edges. Kinda starting to happen now.
Then, where does the Gubmint get their daily blow cash? They need $100 Billion/month.
Might just have to 'borrow' if from the Lilly Ponders - and, they can do so!!! Been done in the past to wait out a recalcitrant Congress resetting the debt 'cap'. Probably a check float for a couple of days – but, now we are in an emergency. Someone needs their healthcare or PRIDE parade or condom or something! They will promise to pay it back at the interest rate they set.
Anyway, sitting in the ‘G Fund’ promises an Alpo Special Diet Retirement…
Then again, sitting in the stock market could promise a Hunter and Gatherer Diet…
:toung:
Corepuncher,
What happens when the various Treasury auctions start to dry up? Not necessarily go to zero, but dry up at the edges. Kinda starting to happen now.
Then, where does the Gubmint get their daily blow cash? They need $100 Billion/month.
Might just have to 'borrow' if from the Lilly Ponders - and, they can do so!!! Been done in the past to wait out a recalcitrant Congress resetting the debt 'cap'. Probably a check float for a couple of days – but, now we are in an emergency. Someone needs their healthcare or PRIDE parade or condom or something! They will promise to pay it back at the interest rate they set.
Anyway, sitting in the ‘G Fund’ promises an Alpo Special Diet Retirement…
Then again, sitting in the stock market could promise a Hunter and Gatherer Diet…
:toung:
Corepuncher
Well-known member
Check out the latest radio show, "Liquidity: The key to everything." Even Birchtree will find it informative.
http://www.blogtalkradio.com/MarketTicker
http://www.blogtalkradio.com/MarketTicker
Corepuncher
Well-known member
Been idle in G for a while now...looking to play a little. Target 800-820 for 100C, 840-850 50C. Profit target back to 900-920.
Steadygain
TSP Elite
Ladies and Gentlemen,
Please step back.
The Major Players are comming to the Table to place their bets
Please step back.
The Major Players are comming to the Table to place their bets
Corepuncher
Well-known member
Ladies and Gentlemen,
Please step back.
The Major Players are comming to the Table to place their bets
Ha! Now that my day trading account is totally blown up thanks to leveraged funds, I can get back to what I do best
Looking forward to spending more time trading TSP now. Also forgot to mention below, that the 38.2% retrace is near 845, which is close to that 850 level as well. So, maybe buy some C fund near 850, then if that breaks buy more below 820.
After the initial bollinger band touch on 6/23...we bounced to the 20 sma, and right back down. Textbook for the past 2 years. Now we should, at a minimum, go down 3+ percent, if recent tech patterns are any indication. That would be < 850. The MACD went below zero which lends me confidence that we will continue in a down trend.
Corepuncher
Well-known member
Whether you are thinking of stocks or bonds, both have substantial risk. Bonds are way overpriced but considered a safe haven. If more stock market margin calls/deleveraging takes place, money may flow into bonds. Gold is crap, IMO as we will continue to deflate for some time.
California is a canary in a coal mine. I can almost guarantee the feds will "bail out" CA, but guess what happens when the USA needs "bailing out"? No one to bail US out.
Credit remains maxed out. Job losses mounting. While todays initial claims were down (the big "headline"), continued claims ROCKETED up to a new high (what matters).
Consumer spending? Guess what...the government reports this number in such a way that if you are using all your money to pay down debt, it is considered "SAVINGS"!!!! Income less spending is considered savings...but you are not "spending" are you? Nope. You are paying down debt. So all those who say we are saving, they are wrong. we are not saving, we are literally paying back what we spent already, which gives us a net NOTHING for the future.
California is a canary in a coal mine. I can almost guarantee the feds will "bail out" CA, but guess what happens when the USA needs "bailing out"? No one to bail US out.
Credit remains maxed out. Job losses mounting. While todays initial claims were down (the big "headline"), continued claims ROCKETED up to a new high (what matters).
Consumer spending? Guess what...the government reports this number in such a way that if you are using all your money to pay down debt, it is considered "SAVINGS"!!!! Income less spending is considered savings...but you are not "spending" are you? Nope. You are paying down debt. So all those who say we are saving, they are wrong. we are not saving, we are literally paying back what we spent already, which gives us a net NOTHING for the future.
Silverbird
Well-known member
Fed isn't going to bail out California because it won't fix the problem.
California has the oddest set of laws (I used to live there, my relatives still do, so I've lived under it.)
Proposition 13 - put a ceiling on property taxes. No new taxes unless the legislature passes them with a super majority, or otherwise known as not going to happen. Plus....
Anyone can introduce a referendum for money to be spent on whatever they want, with no offset needed
So, lots of referendums later, you have a big mess!
California has the oddest set of laws (I used to live there, my relatives still do, so I've lived under it.)
Proposition 13 - put a ceiling on property taxes. No new taxes unless the legislature passes them with a super majority, or otherwise known as not going to happen. Plus....
Anyone can introduce a referendum for money to be spent on whatever they want, with no offset needed
So, lots of referendums later, you have a big mess!
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