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Market Talk / Nov. 12 - Nov. 18
- Thread starter Spaf
- Start date
Griffin
TSP Pro
- Reaction score
- 50
A lot of people are moving into holiday mode (my base is a ghost town already - people are burning up a lot of accumulated leave). They are probably home on the internet making travel plans. I bet TSP is down quite a few employeees this week and will be next week also.
I've got my tin foil hat on just in case
James48843
TSP Talk Royalty
- Reaction score
- 783
House Dems pick Hoyer instead of Murtha.
http://news.yahoo.com/s/ap/20061116/ap_on_go_co/congress_leaders&printer=1
That actually may be good news for federal employees. Hoyer was instrumental in developing the concept of "locality pay" back in the early 1990's, and has a long history of supporting federal employees.
http://news.yahoo.com/s/ap/20061116/ap_on_go_co/congress_leaders&printer=1
That actually may be good news for federal employees. Hoyer was instrumental in developing the concept of "locality pay" back in the early 1990's, and has a long history of supporting federal employees.
Birchtree
TSP Talk Royalty
- Reaction score
- 143
The desire to be right is in direct opposition to the ability to make money. You have to be in to win. What looks expensive today will look cheap in two months. When tax cuts and technology work together to encourage productivity growth, the economy and markets perform well. As long as government policies do not hinder entrepreneurship, the U.S. economy can over come even the most daunting of challenges. I have my doubts regarding the Euro zone.
James48843
TSP Talk Royalty
- Reaction score
- 783
2.2% was the number being bantered around, based on the employment cost index. 2.2% was also proposed for the military- the first time in a long time that they didn't propose more for the miltiary, as the law on pay setting required (military, by law, was suposed to get ECI, and feds are supposed to get ECI -0.5%). But this time G.W. proposed a straight 2.2 for the military to begin with.
Projected raise for 08 looks to be a little better- I think I read a report that said ECI was 3.3 for next cycle. Repubs were talking about changing the formula completely before then, but all bets are off now with the change ahead.
If the Blue Dogs have their way- I think it will continue to be a very tight budget. But a small raise in an environment that respects employees is far, far more palatable than any raise in an anti-employee, anti-union administration.
Projected raise for 08 looks to be a little better- I think I read a report that said ECI was 3.3 for next cycle. Repubs were talking about changing the formula completely before then, but all bets are off now with the change ahead.
If the Blue Dogs have their way- I think it will continue to be a very tight budget. But a small raise in an environment that respects employees is far, far more palatable than any raise in an anti-employee, anti-union administration.
Birchtree
TSP Talk Royalty
- Reaction score
- 143
Remember, the market will do everything it can to make sure it takes the fewest amount of participants along with it. You have to have no fear. The SPX breadth MCO is now testing the highs of October and a break above these levels should be enough to push us to our next SPX cash objective of 1425. How soon to hit 1528.22? Rip it. Snort.
FundSurfer
TSP Pro
- Reaction score
- 39
GovExec.com articles on the pay raise this year. 1.7? 2.2? 2.7? Bush has till Nov. 30.
Tested the other side of resistance....and pulled back for another run at it...
2:30 pm : Buyers remain in control of the action but the indices have pulled back off their best levels. Albeit briefly breaking through key resistance levels of and 12315, 1400, and 2453 roughly 30 minutes ago, the Dow, S&P 500 and Nasdaq, respectively, have since been unable to attract more convincing buying efforts around those levels. As a result, investors sensing that stocks have gotten ahead of themselves have stepped back in to take some money off the table. DJ30 +53.94 NASDAQ +4.73 SP500 +4.54 NASDAQ Dec/Adv/Vol 1575/1394/1.44 bln NYSE Dec/Adv/Vol 1445/1759/1.10 bln
2:30 pm : Buyers remain in control of the action but the indices have pulled back off their best levels. Albeit briefly breaking through key resistance levels of and 12315, 1400, and 2453 roughly 30 minutes ago, the Dow, S&P 500 and Nasdaq, respectively, have since been unable to attract more convincing buying efforts around those levels. As a result, investors sensing that stocks have gotten ahead of themselves have stepped back in to take some money off the table. DJ30 +53.94 NASDAQ +4.73 SP500 +4.54 NASDAQ Dec/Adv/Vol 1575/1394/1.44 bln NYSE Dec/Adv/Vol 1445/1759/1.10 bln
SkyPilot
TSP Pro
- Reaction score
- 40
Fundsurfer, thanks for the link!
Maybe we will get the push to get there now... 2.7% would be okay for me. Lets me move up to 14% contribution.
Plan to add 1% per year until I max my contribution limit. Then should be ready to go for the $5000 per year "make-up" contribution at age 50 as well.
Stuffin' acorns in the tree....
fedgolfer
TSP Pro
- Reaction score
- 26
... regarding the pay raise... hopefully Congress will push for the higher increase with a heavy hand. With Dems in and Steny Hoyer stepping up to majority leader in the House, there are some powerful advocates to the Fed workforce. Hoyer has gone to bat for the Fed pay raises at almost every opportunity.
James48843
TSP Talk Royalty
- Reaction score
- 783
No dice right now. Republicans still control both ends of the Mall until January, plus, the Blue Dog class coming in are also just as concerned about the budget. I'd say were likely to get the action of 1.7%, plus a little something for locality, pass before Christmas, and then we'll have to work on next year to get a raise then.
Spaf
Honorary Hall of Fame Member
- Reaction score
- 45
Daily Yak
Yak, Doodles, Tea Leaves & The Tin Box
Kingdom Yak:
Pro-Yak....................................Lube at a 17 month low!
Con-Yak...................................The oxygen is gittin pretty thin up here.
Jester-Yak................................Toothless bears!
Doodles:
Socks [$SPX] Closed at..............1399.76, up +3.19
Stops......................................Alert: 1386. Trail: 1373
Trend (MACD-Hist)....................increasing at +1.410.
Overbought/sold (S-STO)...........[80] 91.67 [20] increasing.
Lube (NYM) Closed at.................56.26, dn -2.50
Oil Markers...............................<70= ok, 70-75= worry, >75= panic.
Tea Leaves:
Yakndoodles.............................Green.
Tin Box:
TSP........................................Safe; capital preservation.
The Kingdom of TSP
Daily Edition
November 16, 2006 Closing
Daily Edition
November 16, 2006 Closing
Yak, Doodles, Tea Leaves & The Tin Box
Kingdom Yak:
Pro-Yak....................................Lube at a 17 month low!
Con-Yak...................................The oxygen is gittin pretty thin up here.
Jester-Yak................................Toothless bears!
Doodles:
Socks [$SPX] Closed at..............1399.76, up +3.19
Stops......................................Alert: 1386. Trail: 1373
Trend (MACD-Hist)....................increasing at +1.410.
Overbought/sold (S-STO)...........[80] 91.67 [20] increasing.
Lube (NYM) Closed at.................56.26, dn -2.50
Oil Markers...............................<70= ok, 70-75= worry, >75= panic.
Tea Leaves:
Yakndoodles.............................Green.
Tin Box:
TSP........................................Safe; capital preservation.
Show-me
TSP Legend
- Reaction score
- 104
http://www.sharkinvesting.com/newsletter/11-14-06.htm
For now if you are an aggressive short term trader you should keep on pursing the upside and make sure you check out the many fine picks on the Shark message boards. If you have a time frame longer than a few weeks we urge patience. Although it is frustrating you can not build sizable longer term positions until we have some meaningful consolidation. Chasing the market is good for trading but not for investing.
Good article. But keep in mind that the article is dated 11-14-06 (Tuesday), and that Tuesday, Wednesday and Thursday were up days for the S&P500. Consider Tom's comments today regarding post-expiration week performance, chart, and Thanksgiving Day historical performance.
http://www.sharkinvesting.com/newsletter/11-14-06.htm
For now if you are an aggressive short term trader you should keep on pursing the upside and make sure you check out the many fine picks on the Shark message boards. If you have a time frame longer than a few weeks we urge patience. Although it is frustrating you can not build sizable longer term positions until we have some meaningful consolidation. Chasing the market is good for trading but not for investing.
