nasa1974's Account Talk

[nasa1974]

Well the way the day started I was holding my breath hoping it wouldn't repeat. :notrust: What a ride this has been. Just wish I was more than 50% spread out. But I can't be greedy, just feeling lucky.

Birch sure is smelling bull manure and he is spreading it all over this MB. I want to be a little more cautious and hope this isn't a fake bullrun. Lets hope there is plenty of steam left in this rally for the G folks to jump onboard this train.

WOW!!!!

 

[Handballer]

What a roller coaster ride yesterday and I am not talking about the stock market but emotions. Most of the morning yesterday was JOY! JOY! JOY! Market hoovering around 2%. Then after lunch the market starts to fall closer to 1%. But that is OK we are still green and the TSP world is still HAPPY. Then by 2:30 everything goes red. What the hell just happened. Disbelief sets in. I leave my first job and head off to my second job wondering how far the market may drop be the end of the day. I get home from my second job and check the tracker and it is JOY! JOY! JOY! again because the market rallied.

I do not know how many more of these I can take.:nuts:

You mean your second job has no internet access? That sucks. No need to worry, we are on a ball!

 

[Handballer]

Well the way the day started I was holding my breath hoping it wouldn't repeat. :notrust: What a ride this has been. Just wish I was more than 50% spread out. But I can't be greedy, just feeling lucky.

Birch sure is smelling bull manure and he is spreading it all over this MB. I want to be a little more cautious and hope this isn't a fake bullrun. Lets hope there is plenty of steam left in this rally for the G folks to jump onboard this train.

WOW!!!!

I wish I had2 more than 8% spread out. Come April, I may apply more in the CSI funds. If my recent gains get knocked out, I'm back to 100% G. Us retired folks can not take too much risk.

 

[Birchtree]

Handballer,

As a retired member you actually have more potential than many of our members to make some money because you have more money to make money. Step up as much as you can while we are in rally mode.

 

[nasa1974]

I have to agree with most everybody that after this great run the market has to take a rest. So now comes the major decision. Do I pull back to G before Tuesday to give me 2 fresh IFT's for April or do I take a chance and hope not to use one IFT to run to safety just incase the market sours early in April.
Early March I got close to my bottom line and jumped back to G 2 days before the rally started. Decided to jump on the train with 50%. Took a chance and got lucky. Early March I was -19.06% YTD and as of yesterday I was -9.75% YTD. Hoping to reach zero by June. :suspicious: Fingers crossed.
With April just around the corner and 2 fresh IFT's there is still a lot of profit to be had. Good Luck to all.

 

[nasa1974]

Performed another <1% move...38%G, 27%C, 27%S, 8%I.

 

[nasa1974]

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

Toxic bank assets: Toxic Government or Toxic Banks?​

On Tuesday, we had brought up the issue about "toxic bank assets" being presented to the Treasury this afternoon.
Toxic bank assets and mark-to-market rules are hindering many banks from lending due to Regulatory Ratio requirements ... the problem is very circular, like a cat chasing its tail.
So, the process of fixing this particular problem is supposed to start today. The question is ... will the toxic asset buying program work?
The next few days should prove very interesting as we wait to see how much in toxic assets is brought to the Treasury. It may not be even close to the Treasury's expectations.

Why? Because many banks are sorry that they took TARP money, and resent the amount of control coming from the Gov. for taking the money. So, as fast as they can, banks are trying to return the TARP money and they are "running away from the Government".

Running away from the Government?

If you do a Google search on the News relative to "TARP Funds - return" you will see these kinds of headings:
1. Banks Return TARP Funds to Avoid Choking on Attached Strings.
2. Louisiana bank returns TARP funds - IBERIABANK Corp. said Friday it would be returning the $90 million in funds it received from the government in early December.
3. Sun Bancorp to return TARP funds, CEO says program ‘politicized'
4. Goldman Sachs may return its $10 billion of TARP money to the US government within the next month, The New York Times reported, ...

So, here is the question ...

How can the toxic asset buying program work if banks are now rejecting Government money and returning it? Why would we expect them to go back to the Government to sell their toxic assets when they are running from the attached Government controls?
Many analysts are now watching what happens in the next 5 days. A rejection of the Treasury's offer to buy toxic assets could mean that bank lending will remain tight, thereby hindering an economic recovery.
This morning at 10 AM, I posted the Banking Index chart with what it is saying right now. Keeping a careful eye on the Banking Index ($BKX) will be important because financials represent over 13% of the S&P 500 index. See today's link for the complete update and chart ...

 

[Medic72]

interesting reading, thanks

 

[nasa1974]

Well if I was a smart trader I would have locked in my profits last Thursday and had a good month. But nobody said I was the brightest penny out there. I'm in for it now so might as well add some shares today. Going to do another <1% IFT. Lets hope April is better than March. Good Luck to all still playing.:nuts:

 

[nasa1974]

Anybody have recent updates on the S fund??? It is stuck on Fridays numbers. :blink:

 

[Guest2]

Well if I was a smart trader I would have locked in my profits last Thursday and had a good month. But nobody said I was the brightest penny out there. I'm in for it now so might as well add some shares today. Going to do another <1% IFT. Lets hope April is better than March. Good Luck to all still playing.:nuts:

I'm sure you've weighed the benefits of bailing 100%(G) before coming to
your decision. April 1st, 2009 holds 2 unlimited IFT's for me to pick and
choose a good entry point. I bailed before my "Better Then (G) Fund Profits"
got flushed down the toilet on down days like today and Friday. I think
we could go as low as 750's before its all said and done in the S&P500.
Buying more shares on the way down is a "GOOD" move, IF we are close
to a reversal of the down trend. This down trend just started. Call it
another wave, if you will. (JMHO).

 

[Guest2]

Anybody have recent updates on the S fund??? It is stuck on Fridays numbers. :blink:

342.46 or -3.70%

 

[Guest2]

MSN Money Deluxe Portfolio ! Its not bad !
it also gives me an idea what my percentages
might look like for the next day.

 

[nasa1974]

342.46 or -3.70%

I liked Friday's number better.

 

[nasa1974]

MSN Money Deluxe Portfolio ! Its not bad !
it also gives me an idea what my percentages
might look like for the next day.

I use YAHOO! Finance portfolio. I will look at MSN. Thanks.

 

[Guest2]

341.58 or -3.95%

 

[nasa1974]

Well the TSP givith and taketh away. Today is a great big take away. Getting ready to head off to my other job. :nuts: Later!!!

 

[nasa1974]

When describing the weather for March we use the words lion and lamb. For the financial markets we use the words bear and bull. To use the March terms I would say that our TSP started out as a lamb and I am hoping it goes out as a lion and eats the bear. If March ends as a lamb then the bear will feast and rule going into April

 

[KevinD]

When describing the weather for March we use the words lion and lamb. For the financial markets we use the words bear and bull. To use the March terms I would say that our TSP started out as a lamb and I am hoping it goes out as a lion and eats the bear. If March ends as a lamb then the bear will feast and rule going into April

I suppose that forecast is as good as any other...

 

[nasa1974]

Well we might have a good day today. The S fund is still not updating. Hope someone higher in the food chain can fix it.