nnuut's Account Talk

[budnipper1]

Here Ya go, will this stimulate the market?:worried:
Senate passes $410 billion spending bill

WASHINGTON (CNN) -- A massive spending bill that funds the U.S. government for the rest of the budget year passed the Senate on Tuesday despite complaints about nearly $8 billion in what critics called "pork-barrel" projects.
The Senate passes a bill to fund the government through the end of the fiscal year.

Senators voted 62-35 to cut off debate on the $410 billion measure and passed it on a voice vote immediately afterward.
The omnibus spending bill includes more than 8,000 congressional "earmarks," which total almost $8 billion. The earmarks have caused critics to question President Obama's pledge to end wasteful spending, but Obama administration officials said the bill is a holdover from the previous Congress.
"It is in America's best interest to close the book on the last administration and let the new one hit the ground running," said Sen. Daniel Inouye, the Democratic chairman of the Senate Appropriations Committee.
http://www.cnn.com/2009/POLITICS/03/10/senate.spending.bill/index.html

That's been on the table for some time, and probably already factored into the market.

Senators voted 62-35 to cut off debate on the $410 billion measure and passed it on a voice vote immediately afterward.
The omnibus spending bill includes more than 8,000 congressional "earmarks," which total almost $8 billion.

"In the midst of a serious economic downturn, the Senate had a chance to show it can impose the same kind of restraint on itself that millions of Americans are being forced to impose on themselves at the moment. ... If the president is looking for a first bill to veto, this is it," he said.

He had said his preference would be to defeat the bill and put it back together at last year's spending levels.

McConnell has requested 36 "solo" earmarks -- those without cosponsors -- totaling $51 million in the bill, according to Taxpayers for Common Sense. The group said only five senators have not requested any earmarks: Sens. Tom Coburn, R-Oklahoma; Jim DeMint, R-South Carolina; Russ Feingold, D-Wisconsin; John McCain, R-Arizona; and Claire McCaskill, D-Missouri. Some other senators have not requested any solo earmarks, but they have jointly requested funds with other lawmakers. Lawmakers on Monday night defeated an amendment from McCain that would have stripped the bill of most of its earmarks.

Even though $8 billion is less than 2% of $410 billion, that's still a hellova lot of unnecessary spending. Money means nothing to Washington politicians. I'm willing to bet that a closer look at the $410 BILLION budget would reveal that a lot more than 2% of it is unnecessary pork.
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[nnuut]

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[kar_crazy]

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them aint panties

 

[nnuut]

Pansies, Pansies, we in the Frog Pond are Pansies!!:nuts:
Panties,,,,, interesting, very interesting!:laugh:

 

[kar_crazy]

Pansies, Pansies, we in the Frog Pond are Pansies!!:nuts:
Panties,,,,, interesting, very interesting!:laugh:

350 was saying there was a panty party in G lilly over in W H talk just messing around

 

[nnuut]

Yeah! we in th Pond can take a joke!!:laugh:

 

[nnuut]

Not GOOD!!

Record number of Americans on unemployment

Continuing jobless claims spike to 5.3 million. Weekly jobless claims rise to 654,000.

By Julianne Pepitone, CNNMoney.com contributing writer
Last Updated: March 12, 2009: 9:16 AM ET
http://money.cnn.com/2009/03/12/news/economy/jobless_claims/index.htm?postversion=2009031209

BREAKING
NEWS
S&P cuts General Electric's top-notch credit rating, citing concerns about financial services unit GE Capital. More soon.
http://money.cnn.com/?cnn=yes

Rise in foreclosures 'a shock'

February saw an unexpected jump in foreclosure filings as the weak economy puts more pressure on borrowers.

By Les Christie, CNNMoney.com staff writer
March 12, 2009: 4:15 AM ET

NEW YORK (CNNMoney.com) -- The foreclosure picture suddenly darkened again in February.
More than 74,000 homes were lost to bank repossessions during the month, up from 67,000 in January, according to a regular monthly report from RealtyTrac, the online marketer of foreclosed properties. Nearly 1.2 million have been lost since the foreclosure crisis hit in August 2007.
http://money.cnn.com/2009/03/12/real_estate/new_foreclosure_jump/index.htm?postversion=2009031204

 

[nnuut]

Not GOOD!!

Record number of Americans on unemployment

Continuing jobless claims spike to 5.3 million. Weekly jobless claims rise to 654,000.

By Julianne Pepitone, CNNMoney.com contributing writer
Last Updated: March 12, 2009: 9:16 AM ET
http://money.cnn.com/2009/03/12/news/economy/jobless_claims/index.htm?postversion=2009031209

BREAKING
NEWS
S&P cuts General Electric's top-notch credit rating, citing concerns about financial services unit GE Capital. More soon.
http://money.cnn.com/?cnn=yes

Rise in foreclosures 'a shock'

February saw an unexpected jump in foreclosure filings as the weak economy puts more pressure on borrowers.

By Les Christie, CNNMoney.com staff writer
March 12, 2009: 4:15 AM ET

NEW YORK (CNNMoney.com) -- The foreclosure picture suddenly darkened again in February.
More than 74,000 homes were lost to bank repossessions during the month, up from 67,000 in January, according to a regular monthly report from RealtyTrac, the online marketer of foreclosed properties. Nearly 1.2 million have been lost since the foreclosure crisis hit in August 2007.
http://money.cnn.com/2009/03/12/real_estate/new_foreclosure_jump/index.htm?postversion=2009031204

The market seems to like it though, for now anyway? Priced in, I don't think so!!

 

[Birchtree]

Last time around the SPX gained 23% off the Nov. 20th low in less than two months. Already we have a 10% gain since last Friday - like four days ago. There have been times in the past that when the unemployment rate goes up the stock market goes up.

 

[nnuut]

Yep, priced in or ignored!!
MY KINGDOM FOR 5 IFTs a MONTH!!!

 

[Rod]

Last time around the SPX gained 23% off the Nov. 20th low in less than two months. Already we have a 10% gain since last Friday - like four days ago. There have been times in the past that when the unemployment rate goes up the stock market goes up.

Oh well, if we do go up any further, at least I'll be able to catch some of it with my DCA of 10%(C).

Dern IFT rules...

Hey, does anyone know what happens when you make more than 2 IFTs a month???

Will the system even allow you to???

 

[nnuut]

Oh well, if we do go up any further, at least I'll be able to catch some of it with my DCA of 10%(C).

Dern IFT rules...

Hey, does anyone know what happens when you make more than 2 IFTs a month???

Will the system even allow you to???

No it won't, except to the "G". You will get a notice that you have already used your 2 IFTs. Check with Squalebear on the 1% thing.

 

[Rod]

No it won't, except to the "G". You will get a notice that you have already used your 2 IFTs. Check with Squalebear on the 1% thing.

Perhaps there will be a glitch in the system and I will get through...

 

[Birchtree]

If you want to make money in the markets, you have to make the trades that few others are comfortable with. Often times this means standing in front of the train - today was day number two of 90% up-day to include volume and NYSE advance/decline line. If we get another up day like today every technician will be thinking about it over the weekend - ready to rush in on the buy side.

 

[WorkFE]

And when that happens, those that were standing in front of the train, become the train.

 

[nnuut]

I have one more IFT left this Month and trying to convince myself that the bottom is in, but I just don't buy it. Waiting for the Credit Card companies to cause trouble. No telling what will happen next week, it seems the consensus is a slight down Monday or Tuesday and possibly a jump Wednesday? SPX sitting on the November low with next major resistance a little over 800. CPI and PPI Tuesday and Initial Claims Thursday. Last week the Market ignored Bad numbers and continued the rally, can it happen again? I really don't know which way it will go, will have to play it a day at a time. AGAIN!!

 

[airlift]

Hello Nnuut,
I was searching for 12% and found a signal that the thread was moved? I am confused what that means. Perhaps you or another moderator can explain what happened? Thank you.

 

[nnuut]

I don't really know what's the deal with him, I'll check it out and get back with you.

 

[nnuut]

He had his account thread moved to the Day To Day Market Talk Forum, must not be posting his moves in the tracker? I think he's still around but not posting as often.

 

[Show-me]

I'm in the same camp! I have one IFT left and I think I will use it to step aside. The physiological effect is killer on the limited IFT's and maybe we need to send more letters to FRTIB and ETAC.

I have one more IFT left this Month and trying to convince myself that the bottom is in, but I just don't buy it. Waiting for the Credit Card companies to cause trouble. No telling what will happen next week, it seems the consensus is a slight down Monday or Tuesday and possibly a jump Wednesday? SPX sitting on the November low with next major resistance a little over 800. CPI and PPI Tuesday and Initial Claims Thursday. Last week the Market ignored Bad numbers and continued the rally, can it happen again? I really don't know which way it will go, will have to play it a day at a time. AGAIN!!