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nnuut's Account Talk
- Thread starter nnuut
- Start date
wolf_keith
New member
I grew up with Hamm's, from the land of sky blue water. The beer was so-so, but I loved their commercials! I believe I consumed more Schlizt than anything else back then--cheap and tasty.
nnuut
Moderator | TSP Legend
LOL LOL it's a sorry spot to be in but I'm stuck and "I CAN"T GET UP". Made a little gain and IFTed to the "G" effective today to lock it in. The market can only do 2 things after this sideways action, go up or go down. I'm waiting for a trend to form and in I go.
It's lonely at the bottom, thanks for the company!!
It's lonely at the bottom, thanks for the company!!
Last edited:
nnuut
Moderator | TSP Legend
Do I see a trend here?:worried::
View attachment 6723
View attachment 6723
luv2read
Active member
oil & gas, financials and speculators are still manipulating the market carrying out the 80's scheme to keep SS afloat. How do you keep a generation from retiring when planned and sapping the financial system? You crash the economy, steal their retirement so they have to work 5 additional years, and bail out the financials and major industries that keep oil pumping.Yes I am nnuuts, but what I am referring to is the strange state of the Markets and Oil and Gas. These two have got together and travel Up and Down in unison. I haven't seen this before but it is a fact. This is very troubling to me because I really think we need cheap energy to get out of this mess, but am in the Market and when Oil/Gas retreats the market tanks, I just can't win. Please read the attached link to the Oil Slick Stuff Thread and be enlightened.
http://www.tsptalk.com/mb/showpost.php?p=228574&postcount=6416
nnuut
Moderator | TSP Legend
Someone out there has a plan, as you suggest. Nothing happens in the Market by accident.
nnuut
Moderator | TSP Legend
Ever wonder why September/October are usually down Months in the Market?::worried:
09/02/2009 - Updated 4:24 PM ET
U.S. stock market fulfilling historical trends in SeptemberTax issues behind month's poor track record, veteran market observer says
By Kate Gibson, MarketWatch
NEW YORK (MarketWatch) -- Two days into September, the month is living up to its reputation as the year's most treacherous for equities. But one 20-year market veteran says there is a logical explanation, all having to do with fund managers clearing tax liabilities for their customers.
"There is a reason why September has such a negative history. "When you're a portfolio manager and you have gains for the year, do you pass that tax liability along to your customers or sell something you have a loss in," said Marc Pado, U.S. market strategist at Cantor Fitzgerald.
"It's not a call on the economy, or the market, or valuations or anything else. It's a tax issue," said Pado of September's dismal track record for equities, as evidenced by Tuesday's sharp decline in the midst of positive economic data.
And, given most mutual funds have a September or October fiscal year, the current month historically is the month to "sell stocks you have losses in," said Pado.
Others agreed that the month's first session had little to do with economic reports.
"The day had less to do with negative economic news and [was] more about a self-fulfilling prophecy," said Robert Pavlik, chief market strategist, Banyan Partners LLC.
Pavlik disputes the notion that a correction's overdue in the wake of the roughly 50% rally off March lows, saying improved economic conditions and earnings guidance, combined with low inventory levels, make additional gains in the stock market "quite likely."'Profit-taking in groups that have done well suggests that this is nothing more than a seasonal pullback, which can be considered a healthy setup for a fourth-quarter run.'
Mark Pado, Cantor Fitzgerald
Long-term investors should use market pullbacks to reallocate assets into early cyclical sectors -- such as financials, consumer discretionary, technology, materials and industrials-- while trimming exposure to defensive sectors, Pavlik advises.
On Wednesday, financials again fronted the losses as U.S. stocks extended a losing streak into a fourth session.
The Dow Jones Industrial Average [$INDU] finished at 9,280.67, off 29.93 points, or 0.3%. The S&P 500 Index [$SPX] fell 3.29 points, or 0.3%, to rest at 994.75, while the Nasdaq Composite Index [COMP] dropped 1.82 points, or 0.1%, to 1,967.07.
Pado said the fact that financial shares led Tuesday's large market drop illustrates his point about the market.
His theory involves selling stocks that have recently performed the best, a display of what he calls "clear profit-taking rather than a fundamental shift" in market sentiment.
"We need to see an occasional profit-taking round to digest the moves we've had," he said. "Profit-taking in groups that have done well suggests that this is nothing more than a seasonal pullback, which can be considered a healthy setup for a fourth-quarter run."
In an email, one reader of MarketWatch, offered a differing view, wondering whether the "monetary demands of the academic year [might] cause some people to cash in a portion of their equities in September."
Taxes and the big guys
As of a few years ago, 75% of total equities were held by mutual funds, with that percentage since dented some by hedge funds. "It's the big guys, the Fidelitys and the Putnams. Ordinary people don't normally put money into hedge funds," said Pado.
"If you purchased in 2007 or 2008, you are likely to have big losses. If you take those losses, then you don't have to buy capital gains. That's why you have downside pressure for September. It's also the reason the market tends to bottom in October," he said.
"If you think from the mind of a portfolio manager, and you sell for a tax loss, you can't buy the stock back for 31 days. So sell in September, then toward the end of October you buy your positions back. In good years, you don't have a lot of losses to take, so you don't have that much of a negative influence," Pado said.
"Coming off a bad year, you likely have stocks that have losses to offset any gains you caught at the bottom. That's a big plus," he said.
http://markets.usatoday.com/custom/...C&guid={7942F8EE-4C74-4327-A84F-1678AB6A7008}
09/02/2009 - Updated 4:24 PM ET
By Kate Gibson, MarketWatch
NEW YORK (MarketWatch) -- Two days into September, the month is living up to its reputation as the year's most treacherous for equities. But one 20-year market veteran says there is a logical explanation, all having to do with fund managers clearing tax liabilities for their customers.
"There is a reason why September has such a negative history. "When you're a portfolio manager and you have gains for the year, do you pass that tax liability along to your customers or sell something you have a loss in," said Marc Pado, U.S. market strategist at Cantor Fitzgerald.
"It's not a call on the economy, or the market, or valuations or anything else. It's a tax issue," said Pado of September's dismal track record for equities, as evidenced by Tuesday's sharp decline in the midst of positive economic data.
And, given most mutual funds have a September or October fiscal year, the current month historically is the month to "sell stocks you have losses in," said Pado.
Others agreed that the month's first session had little to do with economic reports.
"The day had less to do with negative economic news and [was] more about a self-fulfilling prophecy," said Robert Pavlik, chief market strategist, Banyan Partners LLC.
Pavlik disputes the notion that a correction's overdue in the wake of the roughly 50% rally off March lows, saying improved economic conditions and earnings guidance, combined with low inventory levels, make additional gains in the stock market "quite likely."'Profit-taking in groups that have done well suggests that this is nothing more than a seasonal pullback, which can be considered a healthy setup for a fourth-quarter run.'
Mark Pado, Cantor Fitzgerald
Long-term investors should use market pullbacks to reallocate assets into early cyclical sectors -- such as financials, consumer discretionary, technology, materials and industrials-- while trimming exposure to defensive sectors, Pavlik advises.
On Wednesday, financials again fronted the losses as U.S. stocks extended a losing streak into a fourth session.
The Dow Jones Industrial Average [$INDU] finished at 9,280.67, off 29.93 points, or 0.3%. The S&P 500 Index [$SPX] fell 3.29 points, or 0.3%, to rest at 994.75, while the Nasdaq Composite Index [COMP] dropped 1.82 points, or 0.1%, to 1,967.07.
Pado said the fact that financial shares led Tuesday's large market drop illustrates his point about the market.
His theory involves selling stocks that have recently performed the best, a display of what he calls "clear profit-taking rather than a fundamental shift" in market sentiment.
"We need to see an occasional profit-taking round to digest the moves we've had," he said. "Profit-taking in groups that have done well suggests that this is nothing more than a seasonal pullback, which can be considered a healthy setup for a fourth-quarter run."
In an email, one reader of MarketWatch, offered a differing view, wondering whether the "monetary demands of the academic year [might] cause some people to cash in a portion of their equities in September."
Taxes and the big guys
As of a few years ago, 75% of total equities were held by mutual funds, with that percentage since dented some by hedge funds. "It's the big guys, the Fidelitys and the Putnams. Ordinary people don't normally put money into hedge funds," said Pado.
"If you purchased in 2007 or 2008, you are likely to have big losses. If you take those losses, then you don't have to buy capital gains. That's why you have downside pressure for September. It's also the reason the market tends to bottom in October," he said.
"If you think from the mind of a portfolio manager, and you sell for a tax loss, you can't buy the stock back for 31 days. So sell in September, then toward the end of October you buy your positions back. In good years, you don't have a lot of losses to take, so you don't have that much of a negative influence," Pado said.
"Coming off a bad year, you likely have stocks that have losses to offset any gains you caught at the bottom. That's a big plus," he said.
http://markets.usatoday.com/custom/...C&guid={7942F8EE-4C74-4327-A84F-1678AB6A7008}
kar_crazy
Active member
nnuut
Moderator | TSP Legend
I don't think so!!! They don't call you swifty for nothin'.:toung:
nnuut
Moderator | TSP Legend
View attachment 6766 ribit! 
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