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nnuut's Account Talk
- Thread starter nnuut
- Start date
nnuut
Moderator | TSP Legend
Sure there is some action today, but I can't give you details. I've noticed that chat has went down with the Market in all forums, it's natural, look at the tracker!:worried:
You know the REAL regulars are still here through thick and thin.
We are TOUGH!View attachment 3265
Bullitt
Well-known member
The 'Fair Weather Fan Gauge'. Sounds like it's giving off a bullish vibe to me.
nnuut
Moderator | TSP Legend
Just like the sentiment survey!
nnuut
Moderator | TSP Legend
I just love the smell of RUBBER BURNING!!View attachment 3268
nnuut
Moderator | TSP Legend
Opps, SURPRISED the Market, UP we GO!!
Stocks Rise After Buffett Offer
Tuesday February 12, 10:04 am ET
By Tim Paradis, AP Business Writer
Stocks Rise After Buffett Offer of Aid to Bond Insurers Eases Some Credit Concerns
NEW YORK (AP) -- Stocks rose Tuesday after billionaire investor Warren Buffett offered to help out troubled bond insurers, easing some of Wall Street's concerns about further deterioration in the credit markets.
In an interview on CNBC, Buffett said his Berkshire Hathaway Inc. holding company has offered a second level of insurance on up to $800 billion in municipal bonds. The reinsurance offer is for bond insurers Ambac Financial Group Inc., MBIA Inc. and Financial Guaranty Insurance Co., known as FGIC.
Word of the offer gives some investors relief although Buffett says a deal would only back municipal bonds, and not the risky and complicated financial instruments that many see as more likely to have problems. Still, offering investors further assurances on the soundness of municipal bonds could help shore up Wall Street's confidence and reinforce the differences in quality among various levels of debt.
General Motors Corp. appeared to please investors with a fresh round of buyouts to all 74,000 of its U.S. hourly workers represented by the United Auto Workers. The company also reported losses of $38.7 billion in 2007, the largest annual loss for an automotive company.
In the first hour of trading, the Dow Jones industrial average rose 92.82, or 0.76 percent, to 12,332.84. The blue chip index at times gained more than 100 points.
Broader stock indicators also rose. The Standard & Poor's 500 index advanced 9.06, or 0.68 percent, to 1,348.19, and the Nasdaq composite index rose 12.93, or 0.56 percent, to 2,332.99. The gain in stocks comes a day after Wall Street achieved moderate gains. The increase Monday followed a week that saw stocks end sharply lower. [more]
http://biz.yahoo.com/ap/080212/wall_street.html
Stocks Rise After Buffett Offer
Tuesday February 12, 10:04 am ET
By Tim Paradis, AP Business Writer
Stocks Rise After Buffett Offer of Aid to Bond Insurers Eases Some Credit Concerns
NEW YORK (AP) -- Stocks rose Tuesday after billionaire investor Warren Buffett offered to help out troubled bond insurers, easing some of Wall Street's concerns about further deterioration in the credit markets.
In an interview on CNBC, Buffett said his Berkshire Hathaway Inc. holding company has offered a second level of insurance on up to $800 billion in municipal bonds. The reinsurance offer is for bond insurers Ambac Financial Group Inc., MBIA Inc. and Financial Guaranty Insurance Co., known as FGIC.
Word of the offer gives some investors relief although Buffett says a deal would only back municipal bonds, and not the risky and complicated financial instruments that many see as more likely to have problems. Still, offering investors further assurances on the soundness of municipal bonds could help shore up Wall Street's confidence and reinforce the differences in quality among various levels of debt.
General Motors Corp. appeared to please investors with a fresh round of buyouts to all 74,000 of its U.S. hourly workers represented by the United Auto Workers. The company also reported losses of $38.7 billion in 2007, the largest annual loss for an automotive company.
In the first hour of trading, the Dow Jones industrial average rose 92.82, or 0.76 percent, to 12,332.84. The blue chip index at times gained more than 100 points.
Broader stock indicators also rose. The Standard & Poor's 500 index advanced 9.06, or 0.68 percent, to 1,348.19, and the Nasdaq composite index rose 12.93, or 0.56 percent, to 2,332.99. The gain in stocks comes a day after Wall Street achieved moderate gains. The increase Monday followed a week that saw stocks end sharply lower. [more]
http://biz.yahoo.com/ap/080212/wall_street.html
nnuut
Moderator | TSP Legend
nnuut
Moderator | TSP Legend
BREAKING
NEWS
Retail sales in January were stronger than expected, rising 0.3%. More soon.
http://money.cnn.com/?cnn=yes
NEWS
Retail sales in January were stronger than expected, rising 0.3%. More soon.
http://money.cnn.com/?cnn=yes
nnuut
Moderator | TSP Legend
ECONOMIC REPORT
Retail sales rise on autos and gas in Jan.
Excluding these sectors, sales flat
By Greg Robb, MarketWatch
Last update: 8:30 a.m. EST Feb. 13, 2008
WASHINGTON (MarketWatch) - U.S. retail sales were better-than-expected in January, pushed higher by a surprise gain in auto sales and the rising cost of gasoline, the Commerce Department reported Wednesday.
Retail sales rose 0.3 % in January after sinking 0.4% in December.
Excluding autos and gas, sales were flat in the month.
Economists expected a slightly larger 0.3% decline in January sales. They thought sales excluding autos would rise 0.3%. See Economic Calendar.
Retail sales are up 3.9% in the past 12 months.
Gasoline station sales rose 2.0% in January after remaining unchanged in December. Excluding gasoline, retail sales rose 0.1%. Over the past year, gasoline sales are up 23%.
Motor vehicle sales rose 0.6% by dollar value. This is the biggest gain since September. Excluding autos, retail sales also rose 0.3%
Economists were surprised by the gain in auto sales. Car companies reported dreadfully slow rate of auto sales in January, with sales falling to an annual sales rate of just 15.3 million.
Retail sales represent about half of consumer spending, which in turn accounts for about two-thirds of final sales in the economy.
Retail sales in the past three months are up 0.2% compared with a 0.3% rise in the previous three months.
Details [more]
http://www.marketwatch.com/news/sto...d={7F161AF3-25DE-4431-A4CB-D62ACE507D49}&dist=
Retail sales rise on autos and gas in Jan.
Excluding these sectors, sales flat
By Greg Robb, MarketWatch
Last update: 8:30 a.m. EST Feb. 13, 2008
WASHINGTON (MarketWatch) - U.S. retail sales were better-than-expected in January, pushed higher by a surprise gain in auto sales and the rising cost of gasoline, the Commerce Department reported Wednesday.
Retail sales rose 0.3 % in January after sinking 0.4% in December.
Excluding autos and gas, sales were flat in the month.
Economists expected a slightly larger 0.3% decline in January sales. They thought sales excluding autos would rise 0.3%. See Economic Calendar.
Retail sales are up 3.9% in the past 12 months.
Gasoline station sales rose 2.0% in January after remaining unchanged in December. Excluding gasoline, retail sales rose 0.1%. Over the past year, gasoline sales are up 23%.
Motor vehicle sales rose 0.6% by dollar value. This is the biggest gain since September. Excluding autos, retail sales also rose 0.3%
Economists were surprised by the gain in auto sales. Car companies reported dreadfully slow rate of auto sales in January, with sales falling to an annual sales rate of just 15.3 million.
Retail sales represent about half of consumer spending, which in turn accounts for about two-thirds of final sales in the economy.
Retail sales in the past three months are up 0.2% compared with a 0.3% rise in the previous three months.
Details [more]
http://www.marketwatch.com/news/sto...d={7F161AF3-25DE-4431-A4CB-D62ACE507D49}&dist=
nnuut
Moderator | TSP Legend
Don't know about auto sales, but there are plenty of links at the Oil Slick Stuff Home Page where you can get all the data on Gas and Oil you will ever need. Click the link in my signature.
hessian
Member
Hey Nnuut,
Take comfort, there is much risk and volatility in an opex week. Today I bailed, in a one-day-wonder move in/out - using my 2nd & 3rd IFTs for the month -going to all "G" today.
A good website, I like & watch for daily news, very helpful (from this MB, coutesy Vectorman), follows:
http://stocktiming.com/Wednesday-DailyMarketUpdate.htm
Text: "The Banking Index remains in a ugly downtrend and is not showing any indication that a reversal condition is at hand. The Banking Index's continued inability to rally to the upside imposes a high risk condition on the S&P 500 because 20% of its stocks are financially related.
While the market has been trying to move up in the past few days, large investing groups have been selling into any up moves. This was the case yesterday when the market failed to hold its up movement during the day."
Hoping today is different & we finish up, to hit some profits, but very uncertain re: tomorrow/Friday, and rest of month. As I said in my AutoTracker post:
- six more weeks of winter according to Punxsutawney Phil!
View attachment 3295
Take comfort, there is much risk and volatility in an opex week. Today I bailed, in a one-day-wonder move in/out - using my 2nd & 3rd IFTs for the month -going to all "G" today.
A good website, I like & watch for daily news, very helpful (from this MB, coutesy Vectorman), follows:
http://stocktiming.com/Wednesday-DailyMarketUpdate.htm
Text: "The Banking Index remains in a ugly downtrend and is not showing any indication that a reversal condition is at hand. The Banking Index's continued inability to rally to the upside imposes a high risk condition on the S&P 500 because 20% of its stocks are financially related.
While the market has been trying to move up in the past few days, large investing groups have been selling into any up moves. This was the case yesterday when the market failed to hold its up movement during the day."
Hoping today is different & we finish up, to hit some profits, but very uncertain re: tomorrow/Friday, and rest of month. As I said in my AutoTracker post:
- six more weeks of winter according to Punxsutawney Phil!
View attachment 3295
Last edited:
nnuut
Moderator | TSP Legend
You're right about the Market!! Looks like we are walking up the Wall of Worry without me, but I've learned a little in the last few years, buying in on a short up trend can really bite you in the BUTT. Most of the indicators are looking bad, but sometimes they don't mean a thing and up she goes because a frog farted in Wall Street.
Thanks for the link, been there before but forgot about all the info available, I'll be back.
So you made your last LEGAL IFT today, then you're stuck for the rest of the Month unless you would like to brave the REVENGE of the SNAIL MAIL (with no forms)!!!
I made one IFT this month so far, I'm actually trying it to see if I can make any money this way. In a Bear Market it's GRIM, can't play the "G" penny, Can't play the FV game in the "I", Can't make a few quick moves to avoid economic problems, Can't play a Bounce now and then. Boy this is really stopping me in a Bear Market, I think I can do fine in a Bull Market, but this is the pits.:suspicious:
View attachment 3296
Thanks for the link, been there before but forgot about all the info available, I'll be back.
So you made your last LEGAL IFT today, then you're stuck for the rest of the Month unless you would like to brave the REVENGE of the SNAIL MAIL (with no forms)!!!
I made one IFT this month so far, I'm actually trying it to see if I can make any money this way. In a Bear Market it's GRIM, can't play the "G" penny, Can't play the FV game in the "I", Can't make a few quick moves to avoid economic problems, Can't play a Bounce now and then. Boy this is really stopping me in a Bear Market, I think I can do fine in a Bull Market, but this is the pits.:suspicious:View attachment 3296
nnuut
Moderator | TSP Legend
I Like This, kind of hits home, if you know what I mean!!
Take my bank. Please
If you're not in the investing game, you can't watch your hard-earned money evaporate into thin air.
By Stanley Bing
February 15 2008: 7:05 AM EST
(Fortune Magazine) -- I am not a player. I work hard for my money, and I can't stand to lose it. I don't even enjoy poker, because to play you need a certain attitude, so you can say, "Hey, I lost $200 but it was a fun evening, so it was worth it." When I lose, I say to myself, "Schmuck. You lost."
This way of thinking has been shaping my investment decisions for the past five years or so. I like banks, for instance. They seem a little risky right now, but what can you do?
I also favor instruments that are triple-tax-free and insured. Even those seem dicey of late, since I am now aware that insurance companies can fail. But all in all, banks, bonds, the occasional piece of real estate that I actually live in ... these are the ways I save and protect the lint balls, assorted pieces of string, and old rubber bands that I have accumulated over a lifetime of backbreaking, soul-destroying, gut-churning labor.
Last summer I got a call from a lady at an institution where I have a smallish savings account. "I'm looking at your account," said the woman, whom I'll call Betty, because that is not her name. "We could be doing so much better for you than the 3 1/2% you're now getting. That's ridiculous."
I hate being ridiculous. And since this was about the tenth call of this nature that Betty had placed to me on the issue, I said, "Okay, fine. I'll come in." So I did. That was when I met Ken. "This is Ken," said Betty. "He'll be managing your account."
Ken was big and warm and booming and seemed like a great guy. Ken showed me charts that were very colorful and demonstrated the historical growth of their funds over time. "Given your risk-tolerance level, I think we can get you into the high single or low double digits real soon," he said. That sounded pretty tasty.
I put a nice chunk of change in the Huge Growth Mid-Cap Aggressive Wowsers account I established with Ken. I figured, Hey, if I'm going to make a bet for a higher return, I should wager enough to produce a good payout, right?
Stooge! Numskull!
The first statement came, and the return was about the same as my savings account. I called Ken. "You gotta look at the annualized copranchy on the mung bean," Ken said. This soothed me.
The next statement revealed that I had lost two grand. Hmm. I called Ken and yelled at him. "The equity markets are going through a little readjustment on the soft tissue underlying their garbishnord," he explained. I thought he was probably right. "Besides," he said, "when things are down is not the time to sell, it's the time to buy." I remembered reading that such is the strategy Warren Buffett employs to build value. So I doubled down.
Dork! Boob! Stupidhead!
The next statement was in December. My Supercalifragilisticexpialidocious Growth fund had lost 15% of its value. I called, more in sadness than in anger. Ken was on vacation, but I told the fellow covering for him that I wanted to put everything back into my old stinky savings account. "Oh," the young voice with the Indian accent replied, "I will do as you wish, but that is not the smartest thing to do when the market is making an adjustment."
I listened to the kid. What he said made sense to me. You know why? Because I don't know my butt from a hole in the ground. And unless you're Warren Buffett, neither do you.
Yesterday, having lost some $15,000, I called Ken. He didn't argue when I told him to close the Totally Awesome Demento Pot of Gold fund. He did observe that nothing was doing very well in the equity world right now, and I agreed with him. I knew there was risk. I'm a grownup. It's what I get for trying to pretend I'm not a loser.
I guess the moral of this story is that if you are inherently doomed - if such is your inexorable fate, always, without fail - don't play. Of course, you don't have to listen to me. In fact, you'd be a fool to do so.
Last month I bought Google at $700.
STANLEY BING's latest book, crazy bosses (Collins), is available at finer bookstores everywhere.
http://money.cnn.com/2008/02/14/mag...lumn.fortune/index.htm?postversion=2008021507
Take my bank. Please
If you're not in the investing game, you can't watch your hard-earned money evaporate into thin air.
By Stanley Bing
February 15 2008: 7:05 AM EST
(Fortune Magazine) -- I am not a player. I work hard for my money, and I can't stand to lose it. I don't even enjoy poker, because to play you need a certain attitude, so you can say, "Hey, I lost $200 but it was a fun evening, so it was worth it." When I lose, I say to myself, "Schmuck. You lost."
This way of thinking has been shaping my investment decisions for the past five years or so. I like banks, for instance. They seem a little risky right now, but what can you do?
I also favor instruments that are triple-tax-free and insured. Even those seem dicey of late, since I am now aware that insurance companies can fail. But all in all, banks, bonds, the occasional piece of real estate that I actually live in ... these are the ways I save and protect the lint balls, assorted pieces of string, and old rubber bands that I have accumulated over a lifetime of backbreaking, soul-destroying, gut-churning labor.
Last summer I got a call from a lady at an institution where I have a smallish savings account. "I'm looking at your account," said the woman, whom I'll call Betty, because that is not her name. "We could be doing so much better for you than the 3 1/2% you're now getting. That's ridiculous."
I hate being ridiculous. And since this was about the tenth call of this nature that Betty had placed to me on the issue, I said, "Okay, fine. I'll come in." So I did. That was when I met Ken. "This is Ken," said Betty. "He'll be managing your account."
Ken was big and warm and booming and seemed like a great guy. Ken showed me charts that were very colorful and demonstrated the historical growth of their funds over time. "Given your risk-tolerance level, I think we can get you into the high single or low double digits real soon," he said. That sounded pretty tasty.
I put a nice chunk of change in the Huge Growth Mid-Cap Aggressive Wowsers account I established with Ken. I figured, Hey, if I'm going to make a bet for a higher return, I should wager enough to produce a good payout, right?
Stooge! Numskull!
The first statement came, and the return was about the same as my savings account. I called Ken. "You gotta look at the annualized copranchy on the mung bean," Ken said. This soothed me.
The next statement revealed that I had lost two grand. Hmm. I called Ken and yelled at him. "The equity markets are going through a little readjustment on the soft tissue underlying their garbishnord," he explained. I thought he was probably right. "Besides," he said, "when things are down is not the time to sell, it's the time to buy." I remembered reading that such is the strategy Warren Buffett employs to build value. So I doubled down.
Dork! Boob! Stupidhead!
The next statement was in December. My Supercalifragilisticexpialidocious Growth fund had lost 15% of its value. I called, more in sadness than in anger. Ken was on vacation, but I told the fellow covering for him that I wanted to put everything back into my old stinky savings account. "Oh," the young voice with the Indian accent replied, "I will do as you wish, but that is not the smartest thing to do when the market is making an adjustment."
I listened to the kid. What he said made sense to me. You know why? Because I don't know my butt from a hole in the ground. And unless you're Warren Buffett, neither do you.
Yesterday, having lost some $15,000, I called Ken. He didn't argue when I told him to close the Totally Awesome Demento Pot of Gold fund. He did observe that nothing was doing very well in the equity world right now, and I agreed with him. I knew there was risk. I'm a grownup. It's what I get for trying to pretend I'm not a loser.
I guess the moral of this story is that if you are inherently doomed - if such is your inexorable fate, always, without fail - don't play. Of course, you don't have to listen to me. In fact, you'd be a fool to do so.
Last month I bought Google at $700.
STANLEY BING's latest book, crazy bosses (Collins), is available at finer bookstores everywhere.
http://money.cnn.com/2008/02/14/mag...lumn.fortune/index.htm?postversion=2008021507Similar threads
