McDuck's Account Talk

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Today, I went from 100% S-fund to 100% G-fund.
I thought that I sell and buy back cheaper later in the month.
But I think that I'm 2 days to late. The S-fund went down 4% in the last to days.
 
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McDuck said:
Today, I went from 100% S-fund to 100% G-fund.
I thought that I sell and buy back cheaper later in the month.
But I think that I'm 2 days to late. The S-fund went down 4% in that last to days.
Click to expand...

Gonna be down HARD today. :cool:
 
Today, the 15day-EMA crossed over the 5 day-EMA for the SP500 and the DJI.

2009_09_025-15-EMA.png
 
 
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Barack Obama accused of making 'Depression' mistakes
http://www.telegraph.co.uk/finance/...ma-accused-of-making-Depression-mistakes.html

His policies even have the potential to consign the US to a similar fate as Argentina, which suffered a painful and humiliating slide from first to Third World status last century, the paper says.
There are "troubling similarities" between the US President's actions since taking office and those which in the 1930s sent the US and much of the world spiralling into the worst economic collapse in recorded history
 
STOCK JITS: Insiders sell like there's no tomorrow

  • Corporate officers and directors have been selling shares at a pace last seen just before the onset of the subprime malaise two years ago.
  • it suggests that those with the first read on business trends don't believe current stock prices are justified by economic fundamentals.
  • Biderman, who says there were $31 worth of insider stock sales in August for every $1 of insider buy
  • Silverman said the "orgy of selling" is noteworthy because corporate insiders were aggressive buyers of the market's spring dip.
 
Recession Takes Toll on Living Standards - Wall Street Journal - 9/11/2009
  • Median household income, adjusted for inflation, fell 3.6% last year to $50,303, the steepest year-over-year drop in forty years. The poverty rate, at 13.2%, was the highest since 1997. About 700,000 more people didn't have health insurance in 2008 than the year before.
 
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Rosenberg: US Stocks Overvalued After 6MO Rally - Bloomberg 9/22/2009

  • U.S. stocks are overvalued after the Standard & Poor’s 500 Index rallied 58 percent from a 12- year low in March, the steepest advance since the Great Depression
  • Earnings for companies in the index have dropped for a record eight quarters and will probably decline 22 percent in the current period before growing 62 percent in the final three months
  • “The market is being really fueled here by technicals and momentum”
  • The climb pushed valuations in the index to almost 20 times the reported earnings from continuing operations of its companies, the highest level since 2004
  • “All we can really say is the economy right now is so heavily medicated with government stimulus that there’s no way of really knowing, in terms of doing a full medical examination, what it looks like beneath the surface,”
  • rising unemployment and tight credit are reminders that a rebound will be slow and gradual
  • Rosenberg said in July that economic growth will be “subdued” for at least a year and the economy may “relapse” into contraction in the fourth quarter. In May he said the S&P 500 may fall beneath the 12-year low reached on March 9 because consumer spending hasn’t recovered.
 
Pension head warns of more economic trouble for Alabama [SIZE=-1]Tuscaloosa News [/SIZE]September 23, 2009 [SIZE=-1]
[/SIZE]
  • [SIZE=-1] '[/SIZE]'It will be extremely brutal down in Montgomery this next year and the year after that,' said David Bronner, chief executive of Alabama's multibillion- dollar pension funds.
  • And Alabama will not be alone. 'There are only six states with any reserve funds left in the bank,' Bronner said. 'Most of the country will be in a very tough situation too, during the next two years.'
  • 'My experience is you have to bleed a lot before major problems get resolved,' Bronner said. 'But everyone needs to bleed a lot. What we see too often is a major problem, but we say, ‘It doesn't affect me,' so we go our own way.'
  • 'Right now, insurance companies are the weakest they have ever been in my lifetime. Big banks are the weakest they have ever been in my lifetime. ... The pension funds got an arm and leg blown off this time.'
 
 
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