Idaho Dave's Account Talk

[Idaho Dave]

Been around a while, but I've just recently had enough posts to start up this account talk, so I'll give my background allocations since the new year. Not that it matters much, but here they are if you're interested:

1/1 - 1/9 40C 60S.................ouch
1/10 - 1/15 100F.................Got back from vacation
1/16 50G 50S..................didn't work out
1/17 - 1/22 100F.................worked out
1/23 - now 100G................worried about the Fed Cut so I got out of F

Right now I'm about -4.75% for the year

I'm looking to buy in pretty soon. Possibly nibble a little into stocks but won't decide where or how much until noon.

 

[nnuut]

Join the Crew Idaho Dave, the Market has taken a chunk out of all of our balances. Welcome to the MB.
Norman

 

[southbeachrat]

Welcome Dave. Good luck. Your not at the top. But your not at the bottom.. :laugh:

 

[Idaho Dave]

Welcome Dave. Good luck. Your not at the top. But your not at the bottom.. :laugh:

I can settle for somewhere above the 0% returns mark.

 

[Idaho Dave]

80G 10C 10S
Deciding to take a bite today.

 

[Idaho Dave]

I decided to spit that bite out. I think the Fed cut will be a disappointment to most so I'm going to 100F.

Plus I think the G pays today, so why be in it tomorrow?

I'm not usually this conservative, but getting nailed last year, then starting the year with negative returns made me a little punchy. I bet that I'll be over it within a month and be fully invested in stocks again--I hope the market's over it, too.

 

[RunningFool]

I decided to spit that bite out. I think the Fed cut will be a disappointment to most so I'm going to 100F.

Plus I think the G pays today, so why be in it tomorrow?

I'm not usually this conservative, but getting nailed last year, then starting the year with negative returns made me a little punchy. I bet that I'll be over it within a month and be fully invested in stocks again--I hope the market's over it, too.

Welcome Dave, I think no matter what the FED or Congress or the President do the market will be disappointed UNTIL they also get a gov't bail out. That is all we need gov't subsidized stock trading. Maybe Fannie mae could give us loans to invest in stocks and if we lose a few million, so what, just walk away. The gov't will take care of it. Have a good day!

 

[Idaho Dave]

I think govt bailouts are a crock of you know what. People and companies got in the mess they're in all by themselves and they should get out of it the same way. Otherwise, it's just delaying and trying to mask the inevitable.

 

[Idaho Dave]

Plus I think the G pays today, so why be in it tomorrow?

Wrong on that one.

 

[Idaho Dave]

It's a ways off (Mar 18), but it looks like everyone is banking on another .5 point cut and a 20% chance of a .75 point cut. Figuring that it's this far out, we probably won't see any action when it actually happens--It'll already be figured into the market.

"Traders now see a 100 percent chance of at least a half- point reduction at or before the Federal Open Market Committee's March 18 meeting, up from 68 percent on Jan. 31, when the Fed cited tighter credit conditions as a reason for lowering rates. Futures show 20 percent odds of a three-quarter point move."

Whole article:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aUBDfKosxdlg&refer=home

 

[Idaho Dave]

Why is it that any time that the deposit into my TSP account is late, the day it is deposited had higher markets, so I get fewer shares? Can anyone answer that? And I mean every time-I looked. I've been a Fed 6 years and it's happened 14 times. I know it's been mostly a bull market for the last 6 years, but come on . . . 14 times. Most recently it should have been Friday, but was on Monday.

I know the market was closed. So what? Use Thursday's closing price. It's still good for Friday (no pun intended). We were working. I guarantee you Barclay's was working.

You'd just think that out of 14 times I'd have caught a break and got the lower price once.

Ok I'm done with the rant.