nasa1974's Account Talk

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Well, today sure has been the opposite of yesterday. Yesterday the first half of the day was very strong while today the first half was a fast back and forth of red and green. Yesterday just about noon the sell off started with the after 3pm fearfull firesale. Thanks American Express. Today around noon the market has started a slow climb. Do not want to jinx anything but I hope we don't sell the news today. Well maybe it might be staying green because of "THE LUCK OF THE IRISH" :D :D

Happy St. Patricks Day everyone.

Don't drink too much green beer :sick: and let's make an Irish wish for a green market today.
 
Here is some more stuff to clutter our minds.

http://www.stocktiming.com/Tuesday-DailyMarketUpdate.htm




"Today, we will look at the Volatility Index and what will happen within 17 trading days.
There are two important things to note on today's chart. ........."

Go to the website above to read the whole article. In the article there is a misprint. They say May 9th but I am pretty sure they mean April 9th.
Enjoy.
 
FRTIB still quiet. Have not seen the January meeting minutes yet. They have had their February meeting already and are expected to meet next week for March. Also not one press release for 2009 yet. So what is going on?:confused:
 
You know that the day is tough when you have a +1.86% day and you drop 3 positions on the tracker. :nuts: Congrats to everyone getting closer to a positive YTD percentage.
 
Asia closed strong and Europe is looking green early. :D I wonder if the AIG bonuses will have a negative affect on the market today.:confused:
Currently sitting 43%G,25%C,25%S,7%I. If had kept my early March percentages I would be an extra couple thousand ahead and into single digit negative numbers YTD instead of double digit. :(

GO GREEN>>>
 
"I think it's not going to come as a surprise to anyone that February had a negative impact on overall balances," said Renee Wilder, director of the TSP's Office of Research and Strategic Planning. Balances dropped from $197.1 billion at the end of January to $191.6 billion by February's close, noted Wilder. "Contributions continue to hold and are looking actually pretty strong. Our participation rate is still holding at about 84 percent. Our participants are not stopping their contributions in response to the impact of the market."

I didn't know they even had an office of strategic planning. If so, their research should be showing that they need to return to us the freedom the board took away which has cost us, their members they supposedly care so much about, so much!!
 
This is only part of the article. It will be interesting to see which way the market moves after the FED news is released. Currently the market is mixed.
Wall Street gives up some gains ahead of Fed news

Wall Street retreats ahead of Federal Reserve decision on interest rates

  • Stephen Bernard, AP Business Writer
  • Wednesday March 18, 2009, 12:30 pm EDT
NEW YORK (AP) -- Stocks gave back some of their recent gains Wednesday as investors waited for details from the Federal Reserve's meeting on interest rates.

The Fed is expected to leave rates at their historically low levels, but the market is anxious to see how the central bank assesses the economy in its statement accompanying the rate decision. Investors also want to know if the Fed has any further moves planned to help boost the economy. The Fed news is expected at midafternoon.
The slight pullback marked a pause in the market's blockbuster advances over the past week which have lifted major market indicators more than 10 percent on growing signs of optimism that U.S. banks may be returning to profitability and other positive economic news.


From http://finance.yahoo.com/

fin_logov1.gif
 
RonUSPSretired said:
"I think it's not going to come as a surprise to anyone that February had a negative impact on overall balances," said Renee Wilder, director of the TSP's Office of Research and Strategic Planning. Balances dropped from $197.1 billion at the end of January to $191.6 billion by February's close, noted Wilder. "Contributions continue to hold and are looking actually pretty strong. Our participation rate is still holding at about 84 percent. Our participants are not stopping their contributions in response to the impact of the market."

I didn't know they even had an office of strategic planning. If so, their research should be showing that they need to return to us the freedom the board took away which has cost us, their members they supposedly care so much about, so much!!
Click to expand...

The FRTIB believes that the TSP should be a buy and hold portfolio. IMO, I think if they could leave us with no IFT's and let them do the share buying they would be very happy.:rolleyes:
 
It wouldn't surprise me if we see some consolidation today. However moderate to good news from the feds could have a buying frenzy this afternoon.
 

GovernmentExecutive.com

http://www.govexec.com/story_page.cfm?articleid=42297&dcn=todaysnews

Legislation modifying federal retirement rules advances

By Alyssa Rosenberg arosenberg@govexec.com March 18, 2009


The House and Senate both advanced legislation on Wednesday to make it easier for federal employees to continue serving the government at the end of their careers, either as part-time workers or retirees.
The House Oversight and Government Reform Committee adopted an amendment to tobacco legislation (H.R. 1256) that would grant employees under the Civil Service Retirement System who work part time instead of retiring prorated credit that would count toward their annuity payments. Currently, CSRS employees have their annuities calculated under two different systems, one that applies to work performed before 1986, and another that applies to work performed after that year. The amendment, which was introduced by Rep. Stephen Lynch, D-Mass., and passed on a voice vote, would standardize the calculation so the same salary would apply to work performed before and after 1986 in annuity calculations.
The legislation also included a provision that would allow Federal Employee Retirement System enrollees to cash out their unused sick days when they retire. FERS, created in 1986, eliminated that sick time provision. But advocates of reforming the system say that change encouraged employees to take a lot of time off toward the end of their careers to use up the sick days they had accrued.
"However, with the benefit of 23 years of hindsight, we recognize that the inequity in the treatment of accrued sick leave between FERS and CSRS has hurt productivity and increased agency costs," said Margaret Baptiste, president of the National Active and Retired Federal Employees Association. "For that reason, we strongly support the concept that all federal civilian retirement programs credit unused sick leave toward retirement."
Sens. Herb Kohl, D-Wis., Susan Collins, R-Maine, and George Voinovich, R-Ohio, introduced legislation that would allow agency heads to bring back retirees for limited appointments of up to one year, without reducing their salaries by the amount of their annuity payments. The bill would allow agencies to fill up to 2.5 percent of positions with these annuitants, but if that figure rises above 1 percent, agencies must file reports explaining the appointments to the Senate Homeland Security and Governmental Affairs Committee, House Oversight and Government Reform Committee, and Office of Personnel Management.
Kohl introduced similar legislation in January.
Max Stier, president of the nonprofit Partnership for Public Service, praised the bill.
"At a time when the workforce is aging and the federal government is facing a significant loss of experienced talent, it is critical that we find new ways to minimize the effects of the impending brain drain," Stier said.
 
After hitting resistance (50dma) it looks like the sell off started for the C fund.:sick:

The F fund looks like it may have a payback.:)

The I fund is a little green but more than likely have a negative number after the funds managers play their magic on it.:(

What can I say about the S fund.:suspicious:

I guess this was to be expected. Let's get a nice up day for tomorrow.
 
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