OBGibby's Account Talk

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Birchtree said:
Housing is finally on the come back trail - I bought many home builders and materials back in 2009. The housing gains will help the economy so buy furniture stocks too.
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And transportation stocks to move the raw materials/furniture.
 

Gave serious thought to increasing my percentages in C/S/I on Friday. However, I think this week is going to bring us more downside. Looking for Monday's action to set the tone for the week.
 
According to my tsp.gov online account, my 'Personal Rate of Return' for the twelve months ending October 31, 2012, was up 9.36%.

Personal Rate of Return
2009 +29.86%
2010 +13.31%
2011 -0.74%

January 31, 2012 +3.19%
February 29, 2012 +4.54%
March 31, 2012 +4.81%
April 30, 2012 +0.83%
May 31, 2012 -2.50%
Jun 30, 2012 +3.83
Jul 31, 2012 +4.83%
Aug 31, 2012 +10.72%
Sep 30, 2012 +20.00%
Oct 31, 2012 +9.36%
CURRENT AUTOTRACKER THROUGH October 31, 2012: +10.33%
 

I anticipate the C/S/I funds trending lower over the next six months. The combination of the fiscal cliff, poor earnings, Europe, further implementation of the Affordable Care Act, and nothing more than a gut feeling that the economy is just not improving leads me to conclude the markets will be going lower.

My plan right now is to add 7% to my C/S/I holdings each month for the next six months. I want to buy in as we trickle downward. I went from 15% C/S/I to 30% C/S/I yesterday. Starting in each new month going foward I'll look for large down days and will buy in. In six months I expect to be at 75% C/S/I, 10% F and 15% G. We'll see what happens...
 
We have a wonderful wall of worry - just what the market likes. Leave'em sitting at the station.
 
I believe that may just be the tip of the iceberg - worse may be on the horizon if Obama doesn't compromise on taxes and regulations. 49 million people on food stamps may actually be a lite number - the Obama constitutency is going to pay a dear price and remain on welfare. Ask me if I care - because I don't. I'm depressed that our country is lost to those that just want rather than produce.
 
sniper said:
all i could read was 'wahhh, i'm taking my ball and going home!' :rolleyes:
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I read it as a harbinger of things to come. I don't think there is any question that further implemenation of the Affordable Care Act will force companies to make tough decisions for the health of their companies which will likely mean less hiring, lower employee counts through attrition and outright layoffs. Not every company, not every sector - but it will definitely have an impact. I think we will see part-time workers become a much larger portion of the American work force. The Act imposes taxes and/or penalties that will likely encourage employers to hire part-time workers over full-time employees.
 
OBGibby said:
I read it as a harbinger of things to come. I don't think there is any question that further implemenation of the Affordable Care Act will force companies to make tough decisions for the health of their companies which will likely mean less hiring, lower employee counts through attrition and outright layoffs. Not every company, not every sector - but it will definitely have an impact. I think we will see part-time workers become a much larger portion of the American work force. The Act imposes taxes and/or penalties that will likely encourage employers to hire part-time workers over full-time employees.
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Ok my comment might have been a little crass, and I agree with you that it may have some impact, but I do think the media is overreacting much.
 
FireWeatherMet said:
So, lets just process this.
NO taxes will be raised for a few months yet (maybe longer or not at all).
But he fires his employees immediately?
And even if Obama's plan to tax only income above 250K, that's only a 3% increase. So he fires 20% of employees?
Sounds like this guy planned on reducing staffing already and is using the election as a scapegoat.
Plutocracy trying to replace democracy.
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Obamacare taxes are the impetus...
 
If Obama decides he must reduce spending then meteorologists will be sacrificed before windpower goes or solar panels from China exit. Hold on to your seats because a down size may be coming.
 
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