Geaux4it's Account Talk

[ctkling192]

:worried:<----- me holding on to a thread of hope

 

[Geaux4it]

Tighten your belts folks. I think today will be ugly.

Geaux

 

[Geaux4it]

Hope for a turn round here. I think the whole credit saga will continue to play out everytime a spokeshole speaks the obvious. YES, the subprime is hurting financials. unfortunatley, the market will be the 'chicken little' at every oppurtunity presented in earnings reports.

Geaux

 

[Geaux4it]

I hit my bottom last week and started to move to the 'G' fund after the last green day. Was in 30% today but that was it. Moved 100% to the safety of the G- fund. Playing the market right now is like doubling down on 12.
I think we are headed lower and it will get ugly. My money is going back in to my sock.

Geaux

View attachment 2617

 

[Geaux4it]

The only time you should double down on a 12 is when you are holding a pair of sixes with the dealer showing a six or less, and then you should split the cards which in essence is similar to doubling down. It all depends on what the dealer is holding, and you haven't told us what the market is holding. Right now you have a crappy hand...but split those sixes and you could be dealt a five which then allows you to double down again and hit 21 with a face card! That is how you beat the market IMHO. :nuts:

Paladin- Sure, anything's possible but your scenario is highly 'against the odds'. Actually, the house.. errr, I mean market, is showing a Jack as the upcard and I am sitting with 12 again. Never split a losing hand. Where's that pit boss, I need a comp here. :blink:

Geaux

View attachment 2625

 

[Geaux4it]

It's interesting today to see the market shrugging off news which normally takes it down the pipe. Same news, different result.

Geaux

 

[Geaux4it]

Looks as if the market is liking the FED report. Up it goes.

Geaux

 

[Geaux4it]

Never mind. They are on page 3 now and down it goes..

Geaux

 

[Geaux4it]

Here we go. ~T-30 minutes and if recent history is any indicator, the market will either significantly rise or fall.

Geaux

 

[Geaux4it]

Simple question I am seeking a logical answer for.

Spokesholes today said contined problems with loans, blah, blah, blah took us down the -222.00. How come they were not concerned yesterday when Freddie Mac and Fannie detailed their big loses and we finished up?

Geaux

 

[nnuut]

Great question, I was wondering the same thing. It was just like it never happened. WHO WOULD HAVE THUNK IT?:notrust:

 

[Geaux4it]

The DOW futures are off -244.00. That has to change before Friday or it could be real, real ugly. Typical day after Thanksgiving low volume may kill a rebound.

Geaux

 

[presskh]

Simple question I am seeking a logical answer for.

Spokesholes today said contined problems with loans, blah, blah, blah took us down the -222.00. How come they were not concerned yesterday when Freddie Mac and Fannie detailed their big loses and we finished up?

Geaux

From what I heard, the Fannie Mae and Freddie Mac problems were what caused the mid-afternoon dip after the morning rally. The only saving grace for the day was the spike-up in oil prices, which caused an upgrade on Exxon-Mobil, which subsequently pushed the S&P higher near the close.

What a market!!

 

[12%ayear]

The DOW futures are off -244.00. That has to change before Friday or it could be real, real ugly. Typical day after Thanksgiving low volume may kill a rebound.

Geaux

Do not pay attention to that now. Way too early for Friday.

 

[RPM]

The DOW futures are off -244.00. That has to change before Friday or it could be real, real ugly. Typical day after Thanksgiving low volume may kill a rebound.

Geaux

Where do you track the futures? TIA

Happy Thanksgiving!

 

[Geaux4it]

Jobs report today is setting us up to take it in the shorts. No pun intended.

Geaux

View attachment 2985

 

[Geaux4it]

It never fails, I try to time and entry point and get friggin worked. Today's beat down is a killer as I will likely lose ~10K. For tomorrow 30-I, 30-S, 20-C, 20-G

Geaux

 

[Geaux4it]

Well, have made (2) moves and my 3rd to 'G' for COB today. Stick a fork in me... I'm beat up pretty good! Guess I, like many, got spoiled with the sweet market of the past few years and am having to swallow the 'risk' of it to the tune of -32K since the October 07' highs.

I surrender...... lol

Geaux

View attachment 3243

 

[weatherweenie]

Well, have made (2) moves and my 3rd to 'G' for COB today. Stick a fork in me... I'm beat up pretty good! Guess I, like many, got spoiled with the sweet market of the past few years and am having to swallow the 'risk' of it to the tune of -32K since the October 07' highs.

I surrender...... lol

Geaux

Don't assume that you're done for the month. As far as I'm concerned the IFT limits haven't been made law yet.

 

[Geaux4it]

Don't assume that you're done for the month. As far as I'm concerned the IFT limits haven't been made law yet.

I am anxiously awaiting to hear about any ramifications from account holders relative to exceeding the TSP transfer allocations. You would think if they were serious they would lock your account and not allow movement beyond those detailed in the letter.

Geaux