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Mayday's Account Talk
- Thread starter mayday
- Start date
MaStA
Member
I'm with ya...pretty sure I am selling my TNA shares by close, but I may just hold onto my TSP 100% S fund allocation over the weekend.
mayday
Active member
If I stay I will recover and my first move of the new month would be F. If I go I'm stuck in G. I really do hate these IFT limits.
MaStA
Member
Amen
mayday
Active member
I have thought that way before to my own hurt. I have made enough this month.
Good Luck All
MaStA
Member
nsurf9
Member
Well, I missed the boat - the ECB said they "really" would buy the tickets - again . . . I didn't believe them - but, the market did and so did a lot of TSP Talk members as measured by their pulling the trigger into equities after the quick drop. Yes, I deliberated over the I fund, but couldn't pull the trigger. The markets have heard the "cry wolf" over and over for the past 2-3 years - and then go home shaking their heads. I could not believe the market would again fall for more empty promises out of europe - but, the ECB chief "really" sounded like he meant it this time - and the market said ok, now we can go out and play safely a little more.
Now the market indexes are back up to a recent hight peak and trend line, and again I can't pull the trigger again - even with new IFT only a few days away.
August 1st, according to some analyst, the US Fed will (and maybe should) cave-in and do a QE-3, or something close in firepower. The problem is food commodities are already going thru the roof and even faster now with the US drought - and, a further devaluation of the dollar has to potential to put them into orbit. And, then there's the "what if the QE3 doesn't work this time?"
Last November, I wrote about timing the monitary mechanism's putting wind into to the market sails into the high cycle. They did nothing . . . but I sucked in a lot of wind. Once again, if I were the US Fed and ECB I would start blowing, now, while things have not deteriorate even further, rather than later when there are even worse headwinds to set sail. Combined US and ECB monitary winds may get the world into the normally high November / December indexes cycle.
And then, there's the PIGS who just can't seem to get themselves out of the mud . . . and Germany who won't come to the table unless the PIGS are clean.
There are lots of people out there that think the US and EU have only enough dry powder for one more effective shot before the hand-basket to heck drops and we are off to the big ride down. Do you take the clear shot now, or do you wait until things are really ugly.
Oh yea, this is an election year and Mitt has already said the Bernake is out, if he's elected. And, the Bernake (making a show of prudence) is the only voting fed hold-out on QE3 trigger.
Maybe gold and oil can snif this one out 'cause I really don't have a clue. What's that, 1.78% in G fund?
Wednesday is August 1!
malyla
Active member
Mitt will not be able to remove Bernake unless he can "find cause". Bernake's term ends in 2020. From what I can determine, no Board member has been removed before their term expired.
Federal Reserve Board of Governors - Wikipedia, the free encyclopedia
On a personal note, even if the president could easily remove a Governor of the Board, President Obama would not take that action. We are 'stuck' with Bernake for awhile longer. I think things would have been worse without the FED stepping in. After presidential terms with two black swan events (quite a roller coaster ride), this last term has been quiet in comparison. Maybe I'm getting old, but I like quiet and smooth.
Last edited:
mayday
Active member
INO.com Markets - Chart for U.S $ INDEX (NYBOT
X)
This is another tell-tale sign that this ride is headed for a stop.
X)This is another tell-tale sign that this ride is headed for a stop.
mayday
Active member
Thats why its called a lame duck. Nothing being done but trying to get re-elected.
nnuut
Moderator | TSP Legend
What's scary is the time between November and January, that's when the losers have nothing to lose and vote only to promote their agenda no matter how wrong it is.
mayday
Active member
Damn Mayday,
Just checked the Tracker. You're kicking a$$etts and taking number$ this month!!!!
Jamaican Me Happy Mon.
