Market Talk

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Cancelled IFT... Taking a wait and see, looking for something under 1200 to add additional long postions... Just wishing the best for the people in the Gulf....... I could never live on any coast, even if it is paradise.
 
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robo wrote:
Cancelled IFT... Taking a wait and see, looking for something under 1200 to add additional long postions... Just wishing the best for the people in the Gulf....... I could never live on any coast, even if it is paradise.
hey u r kidding right......????

drove thru elp couple of times:shock:

Obs to watch for Katrina, until they fail, anyway...

[font="verdana, arial, helvetica,"]KBVE - BOOTHVILLE, LA
[url]http://www.uswx.com/us/stn/KBVE/?code=c[/url]
[url]http://www.srh.noaa.gov/data/obhistory/KBVE.html[/url]
http://weather.noaa.gov/weather/current/KBVE.html

KNBG - New Orleans Naval Air Station Joint Reserve Base, NEW ORLEANS, LA
[url]http://www.uswx.com/us/stn/KNBG/?code=c[/url]
[url]http://www.srh.noaa.gov/data/obhistory/KNBG.html[/url]
http://weather.noaa.gov/weather/current/KNBG.html

KNEW - Lakefront Airport, NEW ORLEANS, LA
[url]http://www.uswx.com/us/stn/KNEW/?code=c[/url]
[url]http://www.srh.noaa.gov/data/obhistory/KNEW.html[/url]
http://weather.noaa.gov/weather/current/KNEW.html

KMSY - Louis Armstrong New Orleans International Airport, NEW ORLEANS, LA
[url]http://www.uswx.com/us/stn/KMSY/?code=c[/url]
[url]http://www.srh.noaa.gov/data/obhistory/KMSY.html[/url]
http://weather.noaa.gov/weather/current/KMSY.html

KHUM - Houma-Terrebonne Airport, HOUMA, LA
[url]http://www.uswx.com/us/stn/KHUM/?code=c[/url]
[url]http://www.srh.noaa.gov/data/obhistory/KHUM.html[/url]
http://weather.noaa.gov/weather/current/KHUM.html

KHDC - Hammond Northshore Regional Airport, HAMMOND, LA
[url]http://www.uswx.com/us/stn/KHDC/?code=c[/url]
[url]http://www.srh.noaa.gov/data/obhistory/KHDC.html[/url]
http://weather.noaa.gov/weather/current/KHDC.html

KASD - Slidell Airport, SLIDELL, LA
[url]http://www.uswx.com/us/stn/KASD/?code=c[/url]
[url]http://www.srh.noaa.gov/data/obhistory/KASD.html[/url]
http://weather.noaa.gov/weather/current/KASD.html

KGPT - Gulfport-Biloxi International Airport, GULFPORT, MS
[url]http://www.uswx.com/us/stn/KGPT/?code=c[/url]
[url]http://www.srh.noaa.gov/data/obhistory/KGPT.html[/url]
http://weather.noaa.gov/weather/current/KGPT.html

KBIX - Keesler Air Force Base, BILOXI, MS
[url]http://www.uswx.com/us/stn/KBIX/?code=c[/url]
[url]http://www.srh.noaa.gov/data/obhistory/KBIX.html[/url]
http://weather.noaa.gov/weather/current/KBIX.html

KPQL - Trent Lott International Airport, PASCAGOULA, MS
[url]http://www.uswx.com/us/stn/KPQL/?code=c[/url]
[url]http://www.srh.noaa.gov/data/obhistory/KPQL.html[/url]
http://weather.noaa.gov/weather/current/KPQL.html

KMOB - Mobile Regional Airport, MOBILE, AL
[url]http://www.uswx.com/us/stn/KMOB/?code=c[/url]
[url]http://www.srh.noaa.gov/data/obhistory/KMOB.html[/url]
http://weather.noaa.gov/weather/current/KMOB.html

KBFM - Mobile Downtown Airport, MOBILE, AL
[url]http://www.uswx.com/us/stn/KMOB/?code=c[/url]
[url]http://www.srh.noaa.gov/data/obhistory/KBFM.html[/url]
http://weather.noaa.gov/weather/current/KBFM.html

=====
[/font]
 
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85 and sunny today, I vacation on the coast... To many people live to close to the coast.... They will rebuild and wait for the next big one.. No thanks! Besides I can't swim very well.....
 
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Let's not forget September of last year, when Hurricane Ivan shut down TSP transfers for a couple days.



This was from Govexec.com at the time: (September 16, 2004)



DAILY BRIEFING September16,2004
dmcglinchey@govexec.com

The National Finance Center was evacuated this week -- forcing the suspension of many Thrift Savings Plan services -- but Hurricane Ivan changed course at the last minute, avoiding a direct hit on New Orleans and sparing the finance center substantial damage, officials said Thursday.

The NFC is run by the Agriculture Department, but it performs administrative functions for several other government agencies, including the Federal Retirement Thrift Investment Board. The Thrift plan, which operates as a 401(k)-style retirement resource for federal employees, has more than 3.2 million participants and $135 billion in assets.

Anticipating heavy damage from Hurricane Ivan, officials at the NFC originally made plans to establish a backup center in Philadelphia. The storm veered away from New Orleans, however, and made landfall near Mobile, Ala. The hurricane's winds, which peaked upwards of 150 mph, had slowed by the time storm hit land, but more than 10 people are believed dead and extensive damage and flooding has been reported.

NFC personnel were planning to return to the finance center Thursday afternoon to see how long it will take to get the facility up and running again. It was not immediately clear when normal activities would be resumed.

When that happens, however, Thrift Savings Plan accounts will be brought up to date, according to Tom Trabucco, a TSP spokesman.

"We will not be processing loans, withdrawals or interfund transfers until the system is back up," he said. "At that point we will run through each day's operations. It will all be done in sequence at the appropriate share price for the day so participants' accounts will be where they would have been."

Some TSP transfers that came in on Tuesday before the deadline have not yet been processed. They will be processed with the prices for Tuesday night in place. Trabucco said that for TSP participants the storm will mostly be a "nonevent."

While the finance center is shut down, all TSP calls are being handled by the recently established parallel call center in Maryland. Trabucco said the new center was set up in a different geographical area expressly for situations like Hurricane Ivan. Workers at the parallel call center are not able to access accounts -- because the center in New Orleans is closed - but they can answer more general questions and explain the developing situation. TSP officials said it was important to have someone to answer the phones, instead of a busy signal or no answer at all.




This document is located at http://www.govexec.com/dailyfed/0904/091604d1.htm
 
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mlk_man wrote:
The roof of the superdome is leaking on thousands of people..........................:(
The news said the people had been moved up a tier of seats, and into the walkway behind that area. I don't understand the rationale/logicfor being in such a large open area that doesn't have multiple support beams for the roof. With all that wind, I'd feel safer in a cubbyhole .Tornadoindoctrinated, I guess. Pyriel mentioned Guam's builldings are of cement, & roof, too. Have the people in the Caribbean areas even been made aware of this, or is there a difference in how the wind/water does between hurricanes & typhoons?
 
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James48843 wrote:
teknobucks wrote:
levee breach in New Orleans.
Do you have a reference for this?
Not on any news I can find yet....
Over onAccuweather.com the Mobile weatherman is reporting that water is entering NO at St. Bernard Parish levee.

I can't imagine how frightening this has to be -
 
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Looks like the Administration has put out word that the strategic oil reserve may be accessed if necessary! Just a word is all it takes.

Oil Breaches $70 as Hurricane Shuts Gulf of Mexico Production

Aug. 29 (Bloomberg) -- Crude oil surged, at one point reaching a record $70.80 a barrel in New York, after Hurricane Katrina forced companies to evacuate platforms in the Gulf of Mexico, where 30 percent of U.S. oil is produced.

Oil jumped as much as $4.67, or 7.1 percent, the biggest increase in 29 months. Natural gas, heating oil and gasoline climbed to all-time highs as well.

Investors are concerned Katrina, the fiercest storm to strike the U.S. Gulf coast since 1969, will rupture pipelines, rip rigs from their moorings and disrupt production for weeks. Hurricane Ivan last September cut the region's oil output by as much as 1.4 million barrels a day. The U.S. produces 5.3 million barrels of crude oil a day.

``There is a long list of production and refineries out because of the hurricane,'' said Tom Bentz, an oil broker at BNP Paribas Commodity Futures Inc. in New York. ``The course is similar to what we saw with Ivan last year, which hit production for a long time.''

Crude oil for October delivery rose $1.77, or 2.7 percent, to $67.90 a barrel at 12:29 p.m. on the New York Mercantile Exchange. Prices are 57 percent higher than a year ago.

Strategic Reserve

The U.S. filled its Strategic Petroleum Reserve, the nation's emergency stockpile of crude oil, to the 700 million- barrel level ordered by President George W. Bush after the Sept. 11 terrorist attacks. The Energy Department loaned some oil to refiners whose supply was disrupted by Ivan.

The government is prepared to tap its emergency oil reserve to assist energy producers and refiners in the path of Katrina, a department spokesman said. No companies have yet requested supplies from the stockpile, spokesman Craig Stevens said.
 
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Hmmm...... A silgnificant percentage of the oil refining capacity of the United States is located on the gulf coast, and much of it has reportedly been at least temporarily shut down by the hurricane. We are being told that the loss of even one of the major refineries will cause a significant increase in gas prices. Then they tell us that higher gas prices are not affecting peoples drliving habits or the economy. People, that has to be a lie! My town gets a lot of revenue from tourism. and it is presently way down, and business are complaining. Something has to give somewhere; driving, savings. consumerism. and even investing. The more you drive the less you have to spend on other thing. I know it is hurting me, and I'm spending, driving, and saving less. And so is everybody else. Still they say it's not affecting the economy. That has to be crap! And the Stock market is uptoday so far.

My take is that the economy, market, and oursleves are being manipulated, and to what end?:*
 
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Eldritch Flatus wrote:
Hmmm...... A silgnificant percentage of the oil refining capacity of the United States is located on the gulf coast, and much of it has reportedly been at least temporarily shut down by the hurricane. We are being told that the loss of even one of the major refineries will cause a significant increase in gas prices. Then they tell us that higher gas prices are not affecting peoples drliving habits or the economy. People, that has to be a lie! My town gets a lot of revenue from tourism. and it is presently way down, and business are complaining. Something has to give somewhere; driving, savings. consumerism. and even investing. The more you drive the less you have to spend on other thing. I know it is hurting me, and I'm spending, driving, and saving less. And so is everybody else. Still they say it's not affecting the economy. That has to be crap! And the Stock market is uptoday so far.

My take is that the economy, market, and oursleves are being manipulated, and to what end?:*
Look at the bright side, I've lost 10 lbs.....................:^
 
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No coincidence:

EL MIRAGE, Ariz. (Reuters) - The White House said Monday it was willing to use the government's emergency oil stockpile to help refiners hurt by Hurricane Katrina's rampage through the Gulf of Mexico, but that it was too early to decide if or how much crude should be released.

The storm slammed into New Orleans on Monday with winds of 135 mph (216 kph), shutting at least half of the Gulf Coast region's crude oil production.
 
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mlk_man wrote:
Look at the bright side, I've lost 10 lbs.....................:^
...by? ...walking more? ...eating less? ...physical labor? ...worrying?

Share with us......
piggybankaftergasfill-up.jpg

(piggybank after gas )
 
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[align=right]Announcements
line.gif


Hurricane Operations as of August 29, 2005


[/align]




Updates will be posted as information becomes available.
Due to Hurricane Katrina, TSP operations at the National Finance Center in New Orleans have been suspended. We therefore cannot process paper forms. Recently submitted requests (or confirmations of recent requests) may be delayed.

We ask TSP participants to assist us as follows:

  • Please use the Account Access section of this Web site to request TSP transactions, such as interfund transfers, contribution allocations, PIN requests, and to make address changes (if you are a separated participant). In some cases, you may also be able to request and complete a loan or withdrawal on this Web site.
  • Please do not send paper loan and withdrawal requests; neither mail nor fax can be received at this time.
  • If you need TSP materials, please obtain them from this Web site or your agency or service.
  • Please direct general TSP questions to your agency or service. Participant Service Representatives (PSR’s) at our parallel call center are currently handling all calls. Depending on call volume, you may experience a delay when contacting a PSR.
We appreciate your patience.
 
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P.S.-



I tried to go 100% G-fund before the open this morning. I presume it did not make the cutoff.

AP is reporting 40,000 homes flooded in one parish.

=======================

"But destruction was everywhere along Gulf Coast, including an estimated 40,000 homes flooded in St. Bernard Parish just east of New Orleans.

Katrina recorded a storm surge of more than 20 feet in Mississippi, where windows of a major hospital were blown out and billboards were ripped to shreds. In some areas, authorities pulled stranded homeowners from roofs or rescued them from attics. In Alabama, exploding transformers lit up the early morning sky and muddy, 6-foot waves engulfed stately, million-dollar homes along Mobile Bay's normally tranquil waterfront.

"Let me tell you something folks: I've been out there. It's complete devastation," said Gulfport, Miss., Fire Chief Pat Sullivan."

================



So I think when the country realises what just happened, we will be in for a stock market reaction.
 
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The Kingdom of TSP

Daily Edition

Market News, Doodles, Tea Leaves & Yak Date August 29, Closing


Market News.

Kingdom Talk: Vestors and Krude remain in oil swamp, however storm subsides.


Doodles and Tea Leaves - Daily.

Doodles:
S&P 500 (Index)
Closed at 1212.28, up +7.18
CMF (money flow) at -0.198, up
RSI (strength) at 43.8, up
MACD (trend) bearish
S-STO (signal) ----
ROC (change) bearish

Light Crude (NYM)
Closed at 67.20, up +1.07

Tea Leaves: Red


Yak.

Remarks: Holding 100/0
S&P Stops: Alert= NA, Trail= NA.
Oil Markers: <63= ok, 63-68= worry, >68= panic.

Rgds, and be careful! :) Spaf
 
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grandma wrote:
mlk_man wrote:
Look at the bright side, I've lost 10 lbs.....................:^
...by ?  ...walking more?   ...eating less?   ...physical labor?   ...worrying?                        

Share with us......
piggybankaftergasfill-up.jpg
               
                                 (piggybank after gas )

Because I have to use my money to buy gas instead of food silly........:P
 
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Watch where you park your car....

bricks.jpeg


And finally, this shot:

An oil rig broke free, and became stuck under a bridge......

capt.sge.cxe11.300805005622.photo05.photo.default-380x252.jpg
 
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James, only one of your pictures came thru - the oi lrig hung up under the bridge -
 
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My Saturday online IFT to TSP went through. Their site said it was being processed. Thats is as far as I know at this time.

I sure hope its not on that derrick stuck under the bridge :? Spaf

Nope it wasen't stuck! Received on-line confirmation from TSP at 12:47 ET.
 
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Looks like a Katerina surge in the I fund today ... lol.

President Bush made a wonderful memory for me concerning the hurricane and it's aftermath: looks like he authorized the loaning of oil in the strategic reserve to refiners if necessary during this time of emergencyfor the people ofLouisana, Alabama and Mississippi and for oil production in that region.

Now who will say that had no effect on oil futures? With those reserves on loan, who would have the nuts to raise prices due to a lack of supply?

Bush's decision surprized me a little ... it was a pleasant surprize that I will not forget. He has done some good things in his time, thoughI do not buy into that Iraqi adventure and a couple other big issues ... namely social security.
 
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