McDuck's Account Talk

[McDuck]

(Since it is the weekend

[FONT=&quot]“I used to stand amazed and watch the redbirds fight. They would flash and flutter like scraps of burning rags through a sky unbelievably blue, swirling, soaring, plummeting. On the ground they were a blur of feathers, stabbing for each other’s eyes. I have seen grown men stop what they were doing, stop pulling corn or lift their head out from under the hood of a broken-down car, to watch it. Once, when I was little, I watched one of the birds attack its own reflection in the[/FONT][FONT=&quot] side mirror of a truck. It hurled its body again and again against that unyielding image, until it pecked a crack in the glass, until the whole mirror was smeared with blood. It was as if the bird hated what it saw there, and discovered too late that all it was seeing was itself. I asked an old man who worked for my uncle Ed, a snuff-dipping man named Charlie Bivens, why he reckoned that bird did that. He told me it was just its nature.” –Rick Bragg, All Over But The Shoutin’
[/FONT]

 

[FogSailing]

Wellllllll..on that happy note...

FS

 

[McDuck]

How do I delete a post?

 

[McDuck]

Wellllllll..on that happy note...

FS

She should have died hereafter;
There would have been a time for such a word.
To-morrow, and to-morrow, and to-morrow,
Creeps in this petty pace from day to day
To the last syllable of recorded time,
And all our yesterdays have lighted fools
The way to dusty death. Out, out, brief candle!
Life's but a walking shadow, a poor player
That struts and frets his hour upon the stage
And then is heard no more: it is a tale
Told by an idiot, full of sound and fury,
Signifying nothing.
Enter a Messenger

 

[FogSailing]

Macbeth, Act 5 Scene 5 if my memory serves me correctly...

FS

 

[McDuck]

Nightly Business Report – August 17, 2016

FED mixed on rate hike (a house divided). Open Market Committee, Chair has not imposed her will. Inflation below 2% target.
Hike in September unlikely.

Target stock down 6%

Lowes cut outlook for the year. Stock down 5.5%

J.C. Penneys down 3.6%

Staples down 15th straight quarter. shares down 6.7%

American Eagle had strong results but shares down 3%

Urban Outfitters up 15%

Hedge Funds are underperforming the Market

Gambling at 5 year low.

One automaker has increased sales in US every year since 2008 -> Subaru

Mortgage demand hit 6 month low.

 

[McDuck]

 

[McDuck]

 

[McDuck]

 

[McDuck]

A 'perfect storm' correction is coming, and nothing can stop it: Rosenberg

http://www.cnbc.com/2016/09/09/a-pe...coming-and-nothing-can-stop-it-economist.html

"[FONT=&quot]I wouldn't be surprised that we see some kind of repeat as we had towards the end of last year into January-February, which was something close to a 12 percent correction."

"[/FONT][FONT=&quot]you've got a lot of hedge funds in the futures options market that have been chasing performance here up to the price highs, and it doesn't take much in the way of any sort of near-term adverse news to cause the market to correct."

[/FONT][FONT=&quot]On average, September, which is historically the worst-performing month for stocks, only sees positive returns about half the time. In the fourth quarter, the S&P 500 has fallen more than 10 percent just once in the past 20 years.
[/FONT]

 

[McDuck]

These are the big risks lurking for markets in the week ahead

http://www.cnbc.com/2016/09/23/deba...ks-lurking-for-markets-in-the-week-ahead.html

 

[McDuck]

Cramer: Charts reveal the real culprit taking down the entire stock market

http://www.cnbc.com/2016/10/11/cram...prit-taking-down-the-entire-stock-market.html

Once-loved stocks like General Electric, Under Armour, Disney and Starbucks have all underperformed this year, and Moreno fears that the continued weakness could weigh on the entire market.

"GE's got a lot of aerospace, which is today's big freak out, so I understand the weakness, but I still believe that $25 would be a huge and unlikely bargain."

 

[McDuck]

[h=1]Leon Cooperman: 'The world is all crazy'[/h]http://www.cnbc.com/2016/10/11/leon-cooperman-the-world-is-all-crazy.html

"[FONT=&quot]the world is "turned upside down," from negative interest rates in Japan and Europe to the unprecedented U.S. presidential election."

"[/FONT][FONT=&quot]Against that backdrop, U.S. stocks are "fully valued," Cooperman contended. "The market is fully valued, not exploited, not overvalued, but fully valued."

[/FONT][FONT=&quot]"I think there are many companies that are very cheap relative to the index ... because the money flowing into the market is largely going into these indexed products."

"[/FONT][FONT=&quot]Cooperman also said nominal GDP growth should be around 4 percent, which means the fed funds overnight lending rate should be 2 percent, not 37 basis points."

"[/FONT][FONT=&quot]Central bankers will next meet in November to decide on whether to raise rates."

"[/FONT][FONT=&quot]Cooperman also said the [/FONT]10-year Treasury[FONT=&quot] yield, trading near 1.76 percent early Tuesday, should be around 4 percent."[/FONT]

 

[McDuck]

27 charts that will change how you think about the American economy - Vox

 

[McDuck]

[h=1]Personal computer sales continue to slide[/h]https://www.yahoo.com/news/personal-computer-sales-continue-slide-215547471.html

"[FONT=&quot]in the third quarter of this year totaled 68.9 million units in a 5.7 percent decline from the same period a year earlier"

"[/FONT][FONT=&quot]It was the eighth quarter in a row that PC shipments have dropped, marking the longest duration of decline in the history of the industry"

"[/FONT][FONT=&quot]most consumers own and use at least three different types of computing devices, with PCs low on the priority list."

"[/FONT][FONT=&quot]"In emerging markets, PC penetration is low, but consumers are not keen to own PCs," "

"[/FONT][FONT=&quot]Chinese titan Lenovo clung to its spot as top PC maker with about 21 percent of the market, but US-based Hewlett-Packard pulled almost even,"[/FONT]

 

[Cactus]

I think the problem with PC sales are that for basic usage the old ones are good enough. If nothing breaks there is nothing pushing you to buy a new one so why would you? The last two desktops I bought were from thrift for $10 & $20 a piece. These were both dual core 64 bit CPU machines with 4 GB of RAM. They were 8 year old machines but still good enough for homework and just surfing the net. No need to buy new for that.

 

[McDuck]

[h=1]Social Security cost-of-living allowance increases for 2017 is just 0.3 percent[/h]
http://www.cnbc.com/2016/10/18/social-security-increase-is-03-percent-next-year.html

"[FONT=&quot]The agency also will be taking more. It said it will increase the maximum amount of earnings subject to the Social Security tax to $127,200 from $118,500, starting in January."

"[/FONT][FONT=&quot]Financial advisors have said that they aren't counting on Social Security COLAs as a retirement income boost, especially since 2016 was a year with no increase for retirees."

[/FONT][FONT=&quot]

"[/FONT][FONT=&quot]Keep a lid on your costs by enrolling for Medicare when you're eligible. You can sign up during the initial enrollment period, which starts three months before your 65[/FONT][SUP]th[/SUP][FONT=&quot] birthday and ends three months after.[/FONT][FONT=&quot]
If you miss that first enrollment window, you will be subject to a 10 percent late fee for each 12-month period you went without coverage. You will pay this surcharge for the remainder of your life."[/FONT]

 

[nnuut]

At .03% I will get $1.57 more a Month!!!!!!!!!!!!!:laugh:View attachment 39739View attachment 39740

 

[Cactus]

Wow, hardly seams worth it. Just enough to justify: "don't say we never gave you anything."

 

[nnuut]

I was CSRS and at retirement they cut my Social Security 60%, so I'm used to it!