nasa1974's Account Talk

[nasa1974]

The sell off has begun. Welcome to the rollercoaster ride from ........... Might as well put your hands up and get some air time off the seat. :nuts:

 

[poolman]

Just had to post something. I didn't like being on the 3rd page.

Hey maybe we can blame "inthemoneystocks".com for this market mess. Yeah that's it, we can blame them. Since they went over to their own website the market has gone belly up. :nuts: Yeah! I like that idea.

That is a bummer that they went to Pay and No more free videos. I miss their input.

 

[nasa1974]

Listening to all the pro's out there they where hoping for capitulation yesterday. It came close. Today opened strong and started to fizzle around 10:30. Some respected folks on this MB are calling for a strong bounce today. We sure could use one. My fear is that we see a good bounce today only to have it erased tomorrow.
I have gone against my own philosophy of 2.5% loss and back to G. That worked fine when we had daily IFT's. But the market was so volitale and I lost so much so quickly that I have to ride it out now. It is tough to lose 15% plus in just over a month but with 2 IFT's I have to keep one in reserve just in case. All I can say is "medic!! man down".

 

[nasa1974]

Well let's hope things go well for us.... I am going out to lunch with some friends and then I am going golfing. :nuts: Get my mind off this for a few hours. See everyone tonight. PEACE!!!!!

 

[justbizness45]

I feel your pain brother. It's hard to imagine I've lost +20% value of my retirement in just 6 trading days.:blink::blink: I guess. that's why they say there is risk. I don't see any choice but to join Birch and just DCA until the recovery.

 

[nasa1974]

Has all commen sense gone south. What the heck is happening?????????? Do these morons WANT the market to crash????? Was George Carlin correct and big business is running the show and not our politicians.
AAAAAAAHHHHHHHHHHHHH!!!!!!!!!!!!!!
I got to wake up it is all a nightmare. Wake up, wake up, wake up.
AAAAAAAHHHHHHHHHHHHH!!!!!!!!!!!!!! I am awake.................

 

[nasa1974]

L2R and Lady. Just want to say hello and hope all is well.

 

[wv-girl]

I noticed that you said
:
Originally Posted by nasa1974
Hey ATCJeff, I see that your signature is 3 years 5 months. As of November 23rd I have 38 years service. I do not want to get anybody mad but I am glad I am CSRS.

I too, am CSRS have just had my 33 year anniversay on Oct1

I don't believe we have been intoduced, so I thought I would share.

GL in this insane market.

 

[XL-entLady]

L2R and Lady. Just want to say hello and hope all is well.

Hi Nasa,

I noticed you (and VW-Girl too) saying you are CSRS. Congratulations! I'm FERS by 6 days. SIX days. Six cursed DAYS.

Oh well, such is life.

Take care,
Lady

 

[pigeonguy]

Has all commen sense gone south. What the heck is happening?????????? Do these morons WANT the market to crash????? Was George Carlin correct and big business is running the show and not our politicians.
AAAAAAAHHHHHHHHHHHHH!!!!!!!!!!!!!!
I got to wake up it is all a nightmare. Wake up, wake up, wake up.
AAAAAAAHHHHHHHHHHHHH!!!!!!!!!!!!!! I am awake.................

Hi NASA,

I only dipped my toes in the other day as the market started it's slide, 10% C & 10% S and then DCAd on Thur for another 8% into C and 2% into S. I figured I would DCA on the way down. Nice idea until I ran into the IFT limit!

The way to ratchet down the angst is to step back aways and note that it is going back up --- just a matter of when.

And you have 3 & 5 to experience the trek back up the slope which is about what I have. Although if I already had 38 I would be out the door so fast a lot of heads would be spinning. :laugh:

Have faith and great weekend --- just forget about the markets for awhile

I'll be busy with our our first pigeon race from San Simon AZ this Saturday. Release site is right by the AZ/NM border about a 90 mile race for my troops here in Sierra Vista and 120 miles for the Tucson guys.


Mark - the pigeon guy

 

[nasa1974]

Hi NASA,

I only dipped my toes in the other day as the market started it's slide, 10% C & 10% S and then DCAd on Thur for another 8% into C and 2% into S. I figured I would DCA on the way down. Nice idea until I ran into the IFT limit! With the market the way it is, it would have been nice to have a few more IFT's :laugh:
I'll be busy with our our first pigeon race from San Simon AZ this Saturday. Release site is right by the AZ/NM border about a 90 mile race for my troops here in Sierra Vista and 120 miles for the Tucson guys.
Mark - the pigeon guy

Mark, thanks for the post. Good luck and hope your troops win.

 

[nasa1974]

Hi Nasa,

I noticed you (and VW-Girl too) saying you are CSRS. Congratulations! I'm FERS by 6 days. SIX days. Six cursed DAYS.

Oh well, such is life.

Take care,
Lady

Lady, as always your posts are welcomed. GL

 

[nasa1974]

I noticed that you said
:
Originally Posted by nasa1974
Hey ATCJeff, I see that your signature is 3 years 5 months. As of November 23rd I have 38 years service. I do not want to get anybody mad but I am glad I am CSRS.

I too, am CSRS have just had my 33 year anniversay on Oct1

I don't believe we have been intoduced, so I thought I would share.

GL in this insane market.

wv-girl, As Steady says "you are always welcome in my house". Hope to see you around again. GL to you.

 

[nasa1974]

Found this article on "USA Today": http://www.usatoday.com/money/economy/2008-10-12-congress-meltdown_N.htm?csp=34 It is a bit lenghty, but interesting. Of course others may have found similiar articles.

Lets hope that we have a sustained move upwards. I could us some recovery. My TSP dropped between 20-30% depending on if I look at the start of 2008 or the middle of August.

Good Luck to all.

 

[nasa1974]

What's wrong with the tracker?

 

[nasa1974]

Just want to wish everyone a great weekend. Let's hope next week brings hope and prosperity.

 

[nasa1974]

Article from Govexec.com.

TSP weathers sharp spike in transactions
By Alyssa Rosenberg arosenberg@govexec.com October 20, 2008

The recent chaos in the financial markets taxed the Thrift Savings Plan's computer and telephone systems, but TSP employees said on Monday they learned valuable lessons that will aid modernization efforts.
"It was a busy day," TSP executive director Greg Long said of Oct. 10, during a meeting of the Federal Retirement Thrift Investment Board. On that day, phone calls to the plan's ThriftLine spiked from a normal volume of around 18,000 to nearly 35,000. "We were slow on the phones [and] on the Web transaction standpoint, but we got it done. This is a lesson for us going forward," Long said. "We're never going to be staffed for tremendous spikes."
Long said that the TSP doesn't plan to increase its staff because a permanent spike in call volume is unlikely.
Long said the TSP call centers were open on Oct. 13, when they normally would have been closed for the Columbus Day holiday, to allow customers to ask questions and air their concerns after the market gyrated wildly on Oct. 10. The TSP extended hours at both call centers, and offered employees overtime pay to arrive early and stay late.
One common question from investors was whether Congress would raid the government securities fund to finance its $700 billion economic bailout package. Long, who said there was no cause for concern, said investors asked the question each time Congress raised the debt ceiling. "By law, the assets in the TSP are held for the individual participants," he said.
Mark Hagerty, the board's chief information officer, said he was less pleased with the performance of the TSP Web site. In the last redesign of the TSP's information technology infrastructure, he said the goal was to keep systems up and running even in the event that usage surged up to four times the normal level. The level of usage on Oct. 10 constituted a surge three times greater than normal, and Hagerty said the success rate for electronic transactions was 92.5 percent. In other cases, participants were instructed to transfer funds by other means.
Hagerty said that success rate was unacceptable. "Our goal is 100 percent, but given the capacities we have at the server level, that's what occurred. It's like making a call on Mother's Day; the circuits get jammed."
As part of the modernization under way, the TSP will include greater capacity, upgrade its servers and improve the plan's ability to track changes.
Interfund transfers surged in September, rising from 67,910 in August to 166,033, as participants moved $4.3 billion into the government securities fund. The G Fund is considered the most stable of the TSP's offerings.

 

[justbizness45]

Thanks Nasa, that explains alot about what happened. I'm glad to hear they think that the server performance was unacceptable.

 

[Guest2]

TSP weathers sharp spike in transactions

Thanks for the good read Nasa.

 

[nasa1974]

Made a slight adjustment, G25% and C75%. Thought about pulling more back into G but just feel like next week is going to be a good week. Regardless of what happens next week I plan to be all G by November. I agree with most everyone that we haven't seen the bottom yet. I think November will be uglier than October. I have lost almost three years of gains and have to stop the bleeding soon. YTD -27.47, hard to believe I was a +5 at the end of August. GOOD LUCK TO ALL!!!