Market Talk / May 14 - 20

[Wizard]

Inflation rears head

Nope, did not see that coming.

U.S. April CPI up 0.6%, core rate up 0.3%

Got Gold, yet? :embarrest:

 

[Wizard]

Watch the action in Euroland after the CPI is released at 0830.

Straight down. I would say Japan has more then Godzilla to worry about tonight.:embarrest:

 

[mlk_man]

Can I just say on behalf of everybody here, CONGRATULATIONS!!!!!!!!!! YOU CALLED IT!!!!!!!!!!!! You and Tech have been calling it for years!! LOL

Now, do you feel better or do you need to pat yourself on the back some more? Let's wait and see how long you disappear again after the market starts back up tomorrow............

Bet ya a nickel it will................

 

[Pilgrim]

Let's wait and see how long you disappear again after the market starts back up tomorrow............

Bet ya a nickel it will................

mlk_man,

After bleeding for four straight days, I need an outside opinion. If you bet more than a nickel, like for example your whole TSP account, maybe I'll follow your lead.

 

[mlk_man]

mlk_man,

After bleeding for four straight days, I need an outside opinion. If you bet more than a nickel, like for example your whole TSP account, maybe I'll follow your lead.

My money is staying put.

However, I might put some in the C fund because it may take the lead again until the next fed meeting.

 

[Wizard]

You and Tech have been calling it for years!! LOL

Years? And don't go lumping me in with Tech, that hurts my feelings.

Just kidding. :embarrest:

I do not care if the U.S. markets go up 20% because the value of the dollar will go down more. Me not be a sheeple. :embarrest:

 

[Wizard]

Dow futures turned very DOWN.

 

[mlk_man]

Me not be a sheeple.

Sheeple, good one!

 

[mlk_man]

So far the C and S are only down about .5-.6 %. If it stays there I'll be content with my fupah.................

 

[Wizard]

 

[FundSurfer]

Core inflation up more than expected. This means that people will assume the Fed will bump rates again in June. This will strengthen the dollar (short term -- it will fall again when news hits that the Fed is done raising rates). European markets have fallen off a cliff with the news. S&P futures and other premarket indicators have flashed from green to red.

Now with all that being said, here is how I'm going to lay it out. The I fund is headed down. May be worse tommorrow than today because Asian markets already closed and the dollar had dropped over night some. I'm going to be getting out of the I-fund to try and avoid a loss tommorrow. Next support may be around $19.70 range and it isn't great support. Below that is better support in the $19.50

I'm likely to get out of the S fund as well although you can't avoid tommorrow. The S-fund is at the bottom of its channel and a drop will take it signiciantly below signalling a change in direction of the market and next support may be in the $17.10 range.

I can see C falling to $13.90 range.

Inflation tends to increase the F-fund but it trending down and had a nice little bump. There isn't anything to suggest that the bump could go more than a few more cent without causing a trend line change. This could be that change but I don't think so yet.View attachment 927

View attachment 928

View attachment 929

View attachment 930

 

[mlk_man]

The good news is it's about time for some M3 monies to start rolling in. Otherwise...........................CYA!!! :nuts:

 

[FundSurfer]

Whoa... didn't know my own strength.

......Edited charts down to more reasonable size.....

 

[mlk_man]

Is that a chart in your pocket or are you just happy to see us?

 

[James48843]

OUCH-

Man, those things are tumbling, no?

I change my mind about possibly jumping back in. IU'm going to continue to sit on the sidelines in "G" until thing shake out.

Nice charts, everybody!

 

[Spartan]

Market limits kick in.

=)

We are at a stop.

 

[Wizard]

Funny there is no trading curbs when the market is going up.

 

[teknobucks]

helicopter ben was close to jekyll island....LOL

http://www.federalreserve.gov/boarddocs/speeches/2006/200605162/default.htm

speach on risk management yesterday at sea island.

 

[Fivetears]

Damage Control: A "Snow Job."
http://news.yahoo.com/s/nm/20060517/bs_nm/economy_snow_debt_dc_1
"And even if you go back in history, our debt levels are quite low today relative to the levels that they've been in the past, so I don't think we should be alarmed," Snow said. :notrust: ok

 

[learning]

You and Tech have been calling it for years!! LOL

Years? And don't go lumping me in with Tech, that hurts my feelings.

Just kidding. :embarrest:

I do not care if the U.S. markets go up 20% because the value of the dollar will go down more. Me not be a sheeple. :embarrest:

So Wizard, are you saying that we should not invest in the TSP plan and get the matching money? That we should just invest in metals? (In TSP that is not an option.) Well how have you been doing in your TSP accounts? That is what we are here for. To improve in our TSP accounts. If your in the military you may not get matching. However, if you don't get matching and put into here then you should be putting into a ROTH. I have seen metals more then double and take a fall. What is it your saying?