Pal wants my worthless money but I'm intent on losing it myself first. Staying on vacation a few more days. I'm still pretty down on the market machinations of the Fed but may find a positive take eventually. Meanwhile I just shifted my percentages to shift them. In reality I don't like the markets. 95% G 5% S 9/23/07
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Offtrack's Account Talk
- Thread starter EW_ret
- Start date
80% G, 10% C, 10% S Cob 10/2
Got the pop yesterday and played pullback today but the F fund isn't playing too fair lately. Tomorrow we add a little into stocks slowly looking towards Columbus Day. Repos weren't granted in temp operations liberally this week so there is potential for more liquidity midweek. VIX is up 3% today so expect ups and downs.
Got the pop yesterday and played pullback today but the F fund isn't playing too fair lately. Tomorrow we add a little into stocks slowly looking towards Columbus Day. Repos weren't granted in temp operations liberally this week so there is potential for more liquidity midweek. VIX is up 3% today so expect ups and downs.
Jobs good. Should get nice pop today. I'm out for next week. Left a fraction in I in case dollar drops off rally today and for the Nikkei carryover rally Tuesday. U S Market should do well but I'm thinking Tuesday might have a settling if there is a big jump today. Still looking at this as a manipulated market. Previous jobs report was pure bs as remarked by other posters.
Stayed with my transfer for today. But I'm back in G for Monday. On vacation the next two weeks and may not be updating.
Making a stop back home for last week of wife's vacation. Traveled from East Tennessee to New Mexico with stops in Santa Fe, Silver Springs, Alamogordo.
Also stopped in Memphis. If you want some fun and adventure in retirement try Memphis. Beale Street is rocking and has that rough edge where your pulse quickens every time you step past a dark alley.
The economy seemed healthy in the part of the country I traveled. There were some bankrupt closed restaurants and other commercial businesses but not an overwhelming amount. Saw some reduced real state and stalled housing developments but no more then expected. There were people out there spending. OIL PRICES ARE NOT REFLECTED AT GAS PUMPS, at least not yet. :laugh: Overall I'd say things looked good. If we ARE entering recession it seems to be moving slowly and we should still have potential for some gains next year.
I'll be back on the road off and on over the next week with little attention to markets but will make transfers if I can.
Birch I'm feeling old and in CP mode nowadays. Having already retired, I find I don't have a lot of need for much money. (I'll have to start a thread on that soon) I follow TSP with wife's account since I rolled into IRA and then ROTH since retiring.
Pretty much playing a losing bet here. Got greedy and cocky after losing a little while on vacation. Doubt we are in serious trouble yet. I just see market manipulation and speculation. I doubt the correction will be more than 10-12 % with another rise before year end. That doesn't mean recession is out. We are already entering one I think. It just means that full effect should not hit us till next summer or fall. But fear and uncertainty are bothering us.
50% C 50% I , cob 11/08
I am hoping for a flat day today and possible recovery next week. Took my hit in S but S is pretty volatile and I' ll play the safety of C and rough dollar for a few days.
ben hasn't a clue. He killed us with the .50 cut. Seems the whole world is punishing us now
50% C 50% I , cob 11/08
I am hoping for a flat day today and possible recovery next week. Took my hit in S but S is pretty volatile and I' ll play the safety of C and rough dollar for a few days.
ben hasn't a clue. He killed us with the .50 cut. Seems the whole world is punishing us now
Time to lick wounds and get back to safety. Market should bounce but no need to chase here. A little bad news could prompt a double-digit loss in this type of volatility. Plenty of time to play in the future. Hope to see the buy back again late today, (it has already kicked in) and next week we'll see if volatility quiets.
100 G end of today
100 G end of today
Still restraining from much commentary till I feel I have a better grasp of present world markets and can offer something of value. Up until this joining the forum and returning to active participation in markets, I've felt fundamental investing to be of more value than technical investing. But technical investing governs today's market. I believe in the future,( with absolutely no idea of when in the future) technical analysis will fail-- since simple common sense dictates that if everyone invests using technical analysis as their method, positive or negative returns would be exaggerated by the shifting of funds into and out of the hot or cold investment. I think the main reason the house of cards hasn't fallen already is the flood of investors that have gotten into the market over the last 25 years. Over half of all housholds own stock now compared with a minute fraction of that 25 years earlier, and breaking it down by income we would find that the percentage increases as the annual average household income increases. Sooner or later the influx will slow or stop like in 1929. But until then technical analysis is probably more useful than fundamental analysis.
That said. I still can't get past fundamentals. I'm still waiting on FNM to report earnings. They dodged it last week and Scottrade had them reporting today but I think that is also wrong. With all the manipulation going on, that report will be necessary before I am comfortable thinking about an entry to this market Hope their report isn't getting cooked as I wait. Meantime here's a quote which I like, erroneously contributed to Thomas Jefferson.
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
And then here is his actual words verbatim.
"And I sincerely believe, with you, that banking establishments are more dangerous than standing armies ; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale."
That said. I still can't get past fundamentals. I'm still waiting on FNM to report earnings. They dodged it last week and Scottrade had them reporting today but I think that is also wrong. With all the manipulation going on, that report will be necessary before I am comfortable thinking about an entry to this market Hope their report isn't getting cooked as I wait. Meantime here's a quote which I like, erroneously contributed to Thomas Jefferson.
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
And then here is his actual words verbatim.
"And I sincerely believe, with you, that banking establishments are more dangerous than standing armies ; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale."
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