nasa1974's Account Talk

[nasa1974]

http://www.govexec.com/

National health program triples in size 10/13/11

Alleged terror plot part of pattern of reckless behavior by Iran, Obama says 10/13/11

Play of the Day -- Who needs jobs when we have the 'Real Housewives'? 10/13/11

 

[nasa1974]

Just got home from my second job. I see the market faired nicely. Hope next week doesn't go in reverse. Just starting to crawl out of the hole i"m in. Going to have a couple of beers and watch some TV brfore heading off to bed. Got a 7am meeting at bby tomorrow.

 

[nasa1974]

Not that this will make a difference, but the survey was interesting.


http://www.govexec.com/

Poll: State of Anxiety
10/14/11
Tell us how you've coped with threats of government shutdowns and budget cuts.

 

[nasa1974]

http://www.govexec.com/

Lawmakers push extended pay freeze, increased pension contributions
By Emily Long elong@govexec.com October 14, 2011



Lawmakers in both the House and Senate are calling on the deficit-reduction super committee to make further cuts to federal pay and benefits.

http://www.govexec.com/story_page.cfm?articleid=49073&dcn=todaysnews

 

[nasa1974]

Well depending on which fund you are in last week was very profitable and so far October has been good. However, as we all know this feeling of uphoria can change quickly. But if the market can continue this climb I need just under 2.5% to get back to my January numbers and just over another 10% to reach my 2011 high mark. We can only hope for better days, right?

 

[nasa1974]

This is from Yahoo Finance. I couldn't get the video to embed correctly so you need to click on the link. Tom Lee is talking about the S&P 500.

Yahoo! Finance





Expect a 20% Year End Market Rally! Says JPM’s Tom Lee
By Matt Nesto | Breakout – 51 minutes ago

http://finance.yahoo.com/blogs/brea...844848.html?sec=topStories&pos=5&asset=&ccode=

 

[Dutchy]

Lawmakers push extended pay freeze, increased pension contributions
By Emily Long elong@govexec.com October 14, 2011



Thanks for posting this and keeping everyone up to date. I believe "Super Committee" has a deadline of late Nov 2011 to submit proposals or mandatory cuts take effect.

View attachment 15788

Lawmakers in both the House and Senate are calling on the deficit-reduction super committee to make further cuts to federal pay and benefits.

http://www.govexec.com/story_page.cfm?articleid=49073&dcn=todaysnews[/QUOTE]

 

[nasa1974]

http://www.govexec.com/

TSP participants look for safe investment choices
By Emily Long elong@govexec.com October 17, 2011

"Participants in the government's Thrift Savings Plan continue to seek safety in their investment options, but the funds appear to be turning around after months of poor performances..."

http://www.govexec.com/story_page.cfm?articleid=49078&dcn=todaysnews

 

[nasa1974]

Yahoo! Finance

The Tax Reform Act of 1986: Should We Do It Again?

BRUCE BARTLETT, On Tuesday October 18, 2011, 6:00 am EDT

"Bruce Bartlett held senior policy roles in the Reagan and George H.W. Bush administrations and served on the staffs of Representatives Jack Kemp and Ron Paul. He is the author of the forthcoming book "The Benefit and the Burden."

This Saturday is the 25th anniversary of the Tax Reform Act of 1986, signed into law by Ronald Reagan on Oct. 22, 1986. He called it a "revolution" and "the most sweeping overhaul of our tax code in our nation's history."

Reagan was especially pleased that "millions of the working poor will be dropped from the tax rolls altogether" and that rich people and big corporations would "pay their fair share." The law was indeed a major accomplishment, one that Reagan had every right to be proud of..."

http://finance.yahoo.com/news/The-T...85.html?x=0&sec=topStories&pos=8&asset=&ccode=

 

[nasa1974]

http://www.govexec.com/

Super committee gets mixed messages on USPS
Recommendations range from "please save" the Postal Service to "stay out."

 

[nasa1974]

http://www.govexec.com/

Justice plans to cut four antitrust division field offices, employee relocation time
10/18/11 Measures are part of plan to reduce spending by $130 million.

Agriculture offers another round of buyouts
10/18/11 Nearly 2,000 Rural Development employees will have the option of leaving, for payments of $25,000.

 

[nasa1974]

Sure has been an interesting week so far. I would prefer small moves up and down instead of these big swings. Fingers crossed for tomorrow.

 

[nasa1974]

Looks like I might have the day off tomorrow. Furnace isn't working right and the wife and I are going out for the evening. So I will not have a chance to play with it this evening. It was working fine a couple of days ago. Currently it is in the mid 50's and rainy and the evening low is going to be in the upper 40's. So an extra blanket on the bed and a sweatshirt for the morning. I will try to get on later tonight.

 

[nasa1974]

Stock market not looking good today. Dang!!

 

[nasa1974]

Well! Sitting around waiting to see what time the furnace guy is going to show up. Troubleshot as far as I could without getting into the danger zone of no return. I do not like playing with natural gas very much. Things can go boom.

 

[nasa1974]

OMB moves ahead with unloading excess real estate
By Charles S. Clark cclark@govexec.com October 20, 2011

"The Obama administration has stepped up its effort to unload unneeded federal real estate, releasing on Wednesday an updated interactive map of some 12,000 properties either for sale or recently sold, as well as a new dashboard on the website Performance.gov that tracks agency progress toward President Obama's goal of saving $3.5 billion by the end of 2012..."

http://www.govexec.com/story_page.cfm?articleid=49113&dcn=todaysnews

 

[nasa1974]

http://www.govexec.com/

Former ICE employee admits stealing from the government 10/20/11 Ahmed Adil Abdallat faces up to 10 years in prison for misusing a diplomatic passport and submitting false travel expenses.

The Week in Comments: Anxious feds, the Iraq war and USAJobs 10/20/11 The best in reader reaction to recent articles.

Cloud, telework and security to top IT budgets in 2012 10/20/11 Analysts predict most new technology contracts will be associated with ongoing, multiyear programs.

U.S. drone struck Qaddafi's convoy, Pentagon says 10/20/11 French warplane also struck the convoy, before the longtime Libyan leader was reportedly captured and killed.

NATO given proof of Qaddafi death, allied military official says 10/20/11

Lawsuit renews debate over product safety database 10/20/11

 

[nasa1974]

So will we be able to close the week out on a strong note? We can only hope.
This is from: Yahoo! Finance


Stock Futures Rise After Solid Corporate Earnings- AP U.S. stock index futures are rising after a round of solid corporate earnings reports. Industrial giant General Electric Co. said Friday that its third-quarter net income rose 18 percent.

 

[nasa1974]

OK! I'm not looking to start anything here, but this article was interesting. There have been discussions in other threads that have gotten heated over this subject, but like I said this was an interesting read.
From: Yahoo! Finance

Why Occupy Wall Street will fail



By Brett Arends ,MarketWatch

"BOSTON (MarketWatch) — The public has every reason to be angry at what’s going on in this country, and every reason to protest. But will the Occupy Wall Street movement succeed in changing anything? Don’t count on it.
Here are five reasons I think these protests are doomed to fail..."

http://beta.finance.yahoo.com/news/...134995.html?sec=topStories&pos=2&asset=&ccode=

 

[nasa1974]

Market is starting to look a bit frazzled. Sure hope the last half hour doesn't take a dive south.