MrJohnRoss' Account Talk

[MrJohnRoss]

When the blind side hits many S funders will feel their sphincters tighten - will they run or hold the line. It'll be fun to watch for sure.

Yeah, I have a feeling that many at the top of the Autotracker may fall quite a ways before they capitulate. I do hope they know when to bail. No one here is hoping that someone else loses money. That's one of the reasons I decided to post my signals here for all to see.

 

[MrJohnRoss]

Agreed, and I'm not sure my system reacts quick enough to get me out. Also, there does not seem to be a whole lot of data to push the markets up - if Greece's good news doesn't, I'm not sure what would at this point. So I'm in a pickle over whether to bail or not. I'll at least wait and see what tomorrow will bring.

jken, I thought your system 100% mechanical. Correct me if I'm wrong.

 

[Mapper]

Not always. When I'm in my F250 SD Diesel pulling 9K Travel Trailer I do not venture into the fast lane to often. I do however zip past the hybrids hauling nothing but passengers:laugh:

When my account reaches the proportions of that Super Duty pulling a Travel Trailer I, too, will be more than happy to sit back in the lower risk slow lanes. My retirement will be nearer too and I'll be

 

[Mapper]

Not always. When I'm in my F250 SD Diesel pulling 9K Travel Trailer I do not venture into the fast lane to often. I do however zip past the hybrids hauling nothing but passengers:laugh:

Oh, and I've driven both. In a drag race for pink slips I'd take the Prius over a Power Stroke any day of the week! Nothing against the truck, they're great, but not exactly fast. Having both vehicles, for me, would be ideal.

 

[MrJohnRoss]

If you love soft drinks but have switched to diet versions because of health fears, well, put down that diet drink -- now!
A new study found that a single can of diet soda a day increases the risk of heart disease by 43% and can cause liver damage similar to that seen in alcoholics.

Ditch Colas and Other Soft Drinks Now!

 

[MrJohnRoss]

WOW... Just WOW:

Last year, a federal program paid out $1.6 Billion to cover free cell phones and the monthly bills of 12.5 million wireless accounts. The program, overseen by the FCC and intended to help low-income Americans, is popular for obvious reasons, with participation rising steeply since 2008, when the government paid $772 million for phones and monthly bills. But observers complain that the program suffers from poor oversight, in which phones go to people who don't qualify, and hundreds of thousands of those who do qualify have more than one phone.

Washington Footing the Cell Phone Bill for Millions of Low Income Americans - Yahoo! News

 

[MrJohnRoss]

Porter Stansberry has an excellent essay on "the end of America". Here is an excerpt, and the link to the full article...

Today, our national federal debt far exceeds $15 trillion. This alone is not a serious problem. The interest we pay on these debts is small – thanks to the trust of our creditors, who, for the moment, continue to believe America is a safe bet.

So… what's the problem? The main problem is the amount of debt we owe continues to increase at a faster and faster pace. This is exceptionally dangerous for two simple reasons. First, there's simple math. When numbers compound, the result is geometric expansion. And that's happening right now with our national debt because we continue to borrow money to pay the interest. And we have done so for about 40 years. Think about it this way: How big would your debts be today if you'd been using credit cards to pay your mortgage for the last several decades?

Even worse, our debts are compounding at an accelerating pace because we lack the political ability to limit the federal government's spending. Please understand… I'm not pointing the finger at any politician or either political party. I'm simply pointing out a fact: This year's $3.6 trillion federal budget is 20% larger than the entire 2008 budget.

And while our government has grown at a record pace, our economy hasn't. It has hardly grown at all. Thus, this will be the fourth year in a row we set a record for deficit spending. Never before in peacetime has our government borrowed this much money. And now, it's borrowing record amounts every year.

This combination of borrowing record amounts of money (during peacetime) and continuing to borrow the money we need to pay the interest is setting the stage for a massive increase in total federal debt levels. Why is this happening? Don't our leaders realize they can't continue on this path?

Well… the problem isn't so simple to fix. What we face isn't a $15 trillion problem. It's actually much, much bigger…

Porter Stansberry - Porter Stansberry: These facts show the "End of America" is coming

 

[Mapper]

Yeah, and have you heard; The federal government pays nearly $4billion a year to subsidize highly profitable oil companies, nevermind all that infrastructure spending for roads and such. At merely $1.6 billion a year those highly profitable phone companies are really getting shafted...they better get more lobbyists on board or maybe Newtie can give them some "historical advice".

 

[Mapper]

This is a prime example of Corporate Welfare. The gov't isn't giving money to people, it's giving money to corporations, who, in exchange, give out some POS worthless phones to people who could probably care less. Yeah sure, some people that really need a phone will get one and it will help them get on their feet and take better care of their children. I'm sure there is some kind of justifiable need somewhere but I swear to you...the poor people did not negotiate these deals, the corporations did. And yeah, the recipients are going to take the free phone and minutes, just like you would.

Taking this a little further along the Devil's Advocate plane. There are probably ways that all of us benefit from this program. Economies of scale at work. For example, in the Western US (or other "flyover" places) there are a whole lot of rural folks who are extremely poor. Most of them probably don't fit the stereotypical poor person demographic...some of them work very hard as farmers, ranchers etc. but none the less, they live in poverty and scrape by on a lot of government assistance programs. A lot of them are probably GOP fanboys too. At any rate, cell coverage is crappy in many of these rural places. Telecom companies need to make a business case to expand service to these areas. Subscribers are probably needed for that business case. So pump up subscriber numbers with some free phones and blamo! a network gets built and you, me Mr. Johnson next door get service when we conduct business from our cell phone on our next vacation.

Sure, that's not likely what happened everywhere but maybe some places. Think about rural electrification, the TVA...many places would still be in the dark if we waited for the corporate power companies to have a justifiable business case.

 

[Mcqlives]

WOW... Just WOW:

Last year, a federal program paid out $1.6 Billion to cover free cell phones and the monthly bills of 12.5 million wireless accounts. The program, overseen by the FCC and intended to help low-income Americans, is popular for obvious reasons, with participation rising steeply since 2008, when the government paid $772 million for phones and monthly bills. But observers complain that the program suffers from poor oversight, in which phones go to people who don't qualify, and hundreds of thousands of those who do qualify have more than one phone.

Washington Footing the Cell Phone Bill for Millions of Low Income Americans - Yahoo! News

We routinely get these phones off of drug dealers. They call them "Obama phones". At least that is what many drug traffickers have called them when asked.

Another one for you is the "day care" providers that the government pays to watch "neighborhood children" so the adults can go work". I have witnessed a few of these providers that never have a kid in their house, can't tell us what the kids names are that they allegedly watch, yet they collect $300.00 per month per kid.

 

[jkenjohnson]

I'm going to change the subject because I respect JR's opinion. We have had some decent news this week and stayed flat. There does not seem to be a catalyst for the market right now. I'm thinking if we get negative news, we may be in for a serious sell off as everyone takes their profits. Is it time to bail?

 

[Mapper]

No disrespect intended Mr. JR.

A person posts something publicly and I assume it's game for discussion. I try to read further into every headline or story I see, especially if it's a news story written in a way to present a passive political statement.

 

[Birchtree]

"Is it fair that our kids and grandkids and great-grandkids - who never voted for Mr. Obama - will have to pay off the $5 trillion of debt accumulated over the past four years, without any benefits to then?"

 

[Mapper]

Birch, you of all people should understand the ramifications of revenue falling off a cliff.

Is it fair that we are currently burdened with a budget deficit that dramatically ballooned when a president, who never actually won the election, and other irresponsible politicians reduced revenue and cut taxes while engaging in massively expensive foreign conflicts? Is it fair that we, our children and grandchildren are burdened with deficits stemming from irresponsible tax cuts at a time when infrastructure investments are sorely needed? Is it fair to cut spending on educational investments for our children at a time when US students are falling behind students in other industrialized nations?

Revenue fell off a cliff. Debt is cheap right now and GDP needs to get up and pumping, the economy needs investment. I would think someone who invests on margin would understand how that works.

I'm ending at that. Sorry Mr JR.

 

[MrJohnRoss]

We routinely get these phones off of drug dealers. They call them "Obama phones". At least that is what many drug traffickers have called them when asked.

Another one for you is the "day care" providers that the government pays to watch "neighborhood children" so the adults can go work". I have witnessed a few of these providers that never have a kid in their house, can't tell us what the kids names are that they allegedly watch, yet they collect $300.00 per month per kid.

Wuuut??? More pigs at the trough at gubment, er taxpayer, expense? I'm shocked! Shocked I tell you!

 

[MrJohnRoss]

I'm going to change the subject because I respect JR's opinion. We have had some decent news this week and stayed flat. There does not seem to be a catalyst for the market right now. I'm thinking if we get negative news, we may be in for a serious sell off as everyone takes their profits. Is it time to bail?

No worries jken. I appreciate your kind words, but I've got thick skin. Takes a lot to get under it.

It could be time to bail. My system still says "go". How about yours? Mine is trend following, so it will NEVER sell at the exact top or get back in at the exact bottom. Beats "buy & lose" by a long shot, tho. LOL.

 

[MrJohnRoss]

No disrespect intended Mr. JR.

A person posts something publicly and I assume it's game for discussion. I try to read further into every headline or story I see, especially if it's a news story written in a way to present a passive political statement.

No offense taken Mapper. I respect your opinion. We may not always agree philosophically or politically, but you are obviously a bright mind in a dim world. I appreciate your feedback.

JR

 

[jkenjohnson]

No worries jken. I appreciate your kind words, but I've got thick skin. Takes a lot to get under it.

It could be time to bail. My system still says "go". How about yours? Mine is trend following, so it will NEVER sell at the exact top or get back in at the exact bottom. Beats "buy & lose" by a long shot, tho. LOL.

Mine is trending too. I have to calculate my signal later but I anticipate remaining on a buy. Not warm and fuzzy about it though.

 

[Show-me]

WOW... Just WOW:

Last year, a federal program paid out $1.6 Billion to cover free cell phones and the monthly bills of 12.5 million wireless accounts. The program, overseen by the FCC and intended to help low-income Americans, is popular for obvious reasons, with participation rising steeply since 2008, when the government paid $772 million for phones and monthly bills. But observers complain that the program suffers from poor oversight, in which phones go to people who don't qualify, and hundreds of thousands of those who do qualify have more than one phone.

Washington Footing the Cell Phone Bill for Millions of Low Income Americans - Yahoo! News

How about giving the USPS some of that money............................we need it.

 

[nnuut]

Who Ya gonna vote for?