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Or you can now use TapaTalk again!nnuut's Account Talk
- Thread starter nnuut
- Start date
nnuut
Moderator | TSP Talk Royalty
- Reaction score
- 210
Glad I have my head bandaged up, blood is such a mess.Norm keep bandages and crown close by in case of emergancy
me i am heading to TEXAS watch how the big boyz race deep breath and smell the nitro methane GL out there most of us need it
Burn OUT!!
Anyone thinking this is the bottom?
Sep.18
2:05 PM ET
18 hours ago
Is now the time to buy low?
Posted By:Ariel Nelson | Yolaiki Gonzalez
While the debate is on whether stocks are at a bottom, there might be a silver lining to the current financial crisis. Wednesday marked the 12th time the Dow & S&P have both been down by more than 7% over the same 3-day period. Whenever that's happened in the past, it's usually been followed by major increases--even a month later.
Take a look at the tables below and see how stocks have fared after big selloffs like the one this week.
Dow
- Up on avg 6.48% 1 month later
- Up on avg 8.17% 3 months later
- Up on avg 10.72% 6 months later
- Up on avg 15.32% 1 year later
- Worst 3 day period on 10/19/1987, Down -27.93%, up 22.92% 1 year later
S&P
- Up on avg 6.86% 1 month later
- Up on avg 9.45% 3 months later
- Up on avg 11.55% 6 months later
- Up on avg 15.05% 1 year later
- Worst 3 day period on 10/19/1987 , Down -26.27%, up 23.07% 1 year later
Nasdaq Composite
- Up on avg 3.39% 1 month later
- Up on avg 10.88% 3 months later
- Up on avg 15.66% 6 months later
- Up on avg 19.08% 1 year later
- Worst 3 day period on 10/20/1987 , Down -22.42%, up 18.48% 1 year later
http://www.cnbc.com/id/26775344
I think we should save a few trees (hugger) and switch to energy efficient
high mileage "Bidet's" The thought of warm rushing water that cleanses my
soul, gives me that warm and fuzzy feeling. :nuts:
JTH
TSP Legend
- Reaction score
- 789
100% "S" COB today, this is contra to my general rule of not to buy in on a BIG UP day, But there is much in play here and this must be considered different. Might drop or sideways Monday but hope this is THE bottom, or damn close!
Seriously, you have a big sett of brass balls...
The thing that scares me is we haven't had a decent sideways/flat day in 6 days (7 Sep.)
I bought in at 573, and have scaled back to 25% S thoughout this process. I hope your IFT is timed right because if it is, then it means I'll be doing even better then I already am...
nnuut
Moderator | TSP Talk Royalty
- Reaction score
- 210
I know I'm stupid, but it's a special time and the risk is HIGH and I DON'T Care, I'm NNUUTS!!:laugh:Seriously, you have a big sett of brass balls...
The thing that scares me is we haven't had a decent sideways/flat day in 6 days (7 Sep.)
I bought in at 573, and have scaled back to 25% S thoughout this process. I hope your IFT is timed right because if it is, then it means I'll be doing even better then I already am...
nnuut
Moderator | TSP Talk Royalty
- Reaction score
- 210
I Bedit with that!:laugh:
Birchtree
TSP Talk Royalty
- Reaction score
- 143
The lesson to learn here is to develope a competent investment program and stay vigorously committed to it over the long term. Today's economy is just a fleeting picture, but your need to achieve your long-term goals is not. Be right and sit tight.
nnuut
Moderator | TSP Talk Royalty
- Reaction score
- 210
I don't need the money-----BOOGA BOOGA!! View attachment 4725
Buster
TSP Talk Royalty
- Reaction score
- 109
You savage...I bet that ain't all it gives you..:blink::nuts:
Birchtree
TSP Talk Royalty
- Reaction score
- 143
I've been buying this market all the way down since last August'07 but I'm not finished yet. Investors who can take the pain of a steep correction or even a bear market are always patiently amassing greater and greater equity positions at better and better prices. I've managed to hit some sweet deals while I've been bowed over with my pain. Whether we have a blast off or a slow grind I'll continue to add to my base. I've learned to appreciate and hug the bear. A couple more 400 point days and I'll be able to stand up straight. Snort.
nnuut
Moderator | TSP Talk Royalty
- Reaction score
- 210
nnuut
Moderator | TSP Talk Royalty
- Reaction score
- 210
Friday, September 19, 2008
SEC Considers Adding to Short-Sale Ban List
FOXBusiness
The Securities and Exchange Commission confirmed late Friday it is considering expanding the list of companies banned from short sales.
“The Commission is willing to consider adding comparable financial companies as appropriate,” the agency wrote in a statement to FoxBusiness.com.
On Friday, a list of 799 financial company stocks was temporarily named off-limits to short sellers by the SEC as part of a broad plan to shore up the nation’s financial system. But almost immediately, traders and other participants began to question why numerous other companies with significant financial operations had been left off the list. Speculation grew during the trading day that the SEC would expand its list, possibly as soon as this weekend.
Companies named as likely additions included General Electric (GE: 26.62, +1.83, +7.38%), General Motors (GM: 13.08, +1.68, +14.73%), and Ford Motor (F: 5.29, +0.01, +0.18%), all of which have gigantic financing units. Also credit card companies such as American Express (AXP: 40.40, +2.68, +7.10%), and Capitol One Financial (COF: 56.05, +2.05, +3.79%). Not to mention dozens of regional banks, insurance companies and asset managers.
The temporary ban, in place until midnight Oct. 2, is intended to help restore confidence in battered U.S. financial markets.[more]
http://www.foxbusiness.com/story/markets/market-overview/sec-considers-adding-short-sale-ban-list/
nnuut
Moderator | TSP Talk Royalty
- Reaction score
- 210
At least the Credit Cards are still working!!:worried:
Bernanke, a scholar of the Great Depression, let them have it.
``The credit lines in the American financial system, the lifeblood of the economy, are completely frozen,'' he said, according to Senator Charles Schumer of New York, a Democrat who was in the meeting. Banks had stopped lending to each other overnight, Bernanke said.
That threatened to halt all lending in the U.S., forcing businesses to close and idling workers, the Fed chief said. The Fed also was seeing money being moved out of the country.
``You could have massive failures within days,'' he told the group, and it would go beyond the banking system to ``large name- brand companies,'' according to a congressional staff member who attended the meeting and took notes.
Sobering Meeting
Politicians leaving the meeting said they were shocked at these portents of Armageddon from the usually understated Bernanke. They left the 90-minute meeting looking shaken, and resolved to act before the election.
It was ``as sobering a meeting as any of us have ever attended in our careers here,'' said Christopher Dodd, a Connecticut Democrat and chairman of the Senate Banking Committee. [much more]
http://www.bloomberg.com/apps/news?pid=20601170&refer=home&sid=awekS4PaIZrw
nnuut
Moderator | TSP Talk Royalty
- Reaction score
- 210
Now they want to expand it to other types of debt, come on!!:nuts: I'm waiting here!!:nuts:
View attachment 4732
http://money.cnn.com/2008/09/22/news/economy/bailout_proposal_Monday/index.htm?cnn=yes
nnuut
Moderator | TSP Talk Royalty
- Reaction score
- 210
Trying to sneak a little something into the Bill, this is typical!!:nuts:
Dems Want Pay Limits, Loan Aid in Wall Street Bailout
Monday, September 22, 2008
WASHINGTON — Senate Democrats are proposing to add U.S. government aid for homeowners and limits on executive compensation to the government's $700 billion Wall Street financial bailout.
A draft of the plan obtained Monday by The Associated Press shows that Senate Banking Committee Chairman Chris Dodd also wants the government to get a stake in the companies helped by the unprecedented rescue.
The measure would end the program at the end of next year, instead of creating a two-year initiative as the Bush administration has requested. It also would add layers of congressional oversight, including an emergency board to keep an eye on the program with two House and Senate appointees.
Also Monday, President Bush said "the world is watching" Washington as it tries to come up with an economic recovery plan that will prevent the bottom from falling out of Wall Street, and urged lawmakers on Capitol Hill to avoid gumming up a bailout bill with additional provisions.
The president said the urgency this economic problem warrants begs Democrats and Republicans to come together and create a fix in short order.
"It would not be understandable if members of Congress sought to use this emergency legislation to pass unrelated provisions, or to insist on provisions that would undermine the effectiveness of the plan," the president said in a statement.
"I appreciate members of Congress in both parties resisting the urge to do so, and keeping the rescue bill focused on solving the crisis in our financial markets," he said.
Bush made his comments not long after two Democratic banking panel leaders said they want to move quickly, but not hastily, to pass the bailout bill pushed by Treasury Secretary Hank Paulson.
"The last thing any of us want is to be back here in a month coming up with some new plan because this didn't work. It's important that we act quickly, but it's more important that we act responsibly," Senate Banking Committee Chairman Christopher Dodd said Monday on CBS.
Dodd said he has great faith in Paulson, a former Goldman-Sachs CEO, to deal with the crisis. However, he said a legislative relief package also should be tailored to protect taxpayers in the best way possible.
He said they should be "first in line" to get money back once conditions in the industry stabilize and recover.
House Financial Service Committee Chairman Barney Frank agreed that more should be set aside for homeowners who have been unable to keep up with payments once their subprime adjustable rate mortgages spiked.
Paulson "is being entirely unreasonable" to expect Congress to pass a bill immediately without examining it and adding certain provisions the Democrats want, such as limiting pay for executives of the troubled companies in need of the bailout.
"We want to limit those as a condition for giving them aid," Frank, D-Mass., told ABC's "Good Morning America." "If Secretary Paulson would agree to that, we could move quickly." [more]
http://www.foxnews.com/story/0,2933,425861,00.html
Silverbird
Market Veteran
- Reaction score
- 27
Nnut, I think Paulson needs to borrow some of your bandages, the financial triage center is getting crowded.
nnuut
Moderator | TSP Talk Royalty
- Reaction score
- 210
He's getting beat up but deserves it.
I agree that there should be relief for Single FamilyHome Mortgages to refinance at a reasonable interest rate, no FLIPPERS, only on your family home, not investment property. Hope they don't CRAP it up with EARMARKS like they always do? :nuts:
COME ON Hank I'm WAITING Here!!:nuts::nuts:
nnuut
Moderator | TSP Talk Royalty
- Reaction score
- 210
He's getting beat up but deserves it.
I agree that there should be relief for Single FamilyHome Mortgages to refinance at a reasonable interest rate, no FLIPPERS, only on your family home, not investment property. Hope they don't CRAP it up with EARMARKS like they always do? :nuts:
COME ON Hank I'm WAITING Here!!:nuts:
We are still waiting here. One hell of a system!:nuts:Similar threads
