Poolman's Account Talk

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poolman said:
I think they will get the Bailout. Without a Bailout the Economy would be Devastated.

I think Congress will do anything to avert a Depression, or what was said In the Secret meeting that leaked out.:)

I'm sure Paulson has already had discussion with Bernanke on this issue before the question even came up today. :nuts:

I'm not saying I'm immediately going to commit my other 50%. I have to keep that in case we do break the Lows.
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The news in my area reported that the CEOs that went to Congress to present their "pleas" for help flew there on separate corporate jets. Obviously they aren't hurting that bad! Besides, I think GM is paying the price for the P.O.S. cars they've been putting out for the last decade plus. I dropped GM cars after being the unfortunate owner of a 1995 Chevy Cavalier. I then went to Ford products until I bought my 2006 Toyota Corrolla. I won't be going back to GM or Ford until they get their acts together!

I used to believe in buying american, but the "Big 3" took advantage of my patriotism and sold me rotten lemons. They should file for bankruptcy protection, reorganize, and come back making reliable cars that people want. JMHO.
 
Rod said:
What made you pull the trigger?

I thought you would have waited for the bottom to be tested across the board???
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Hello Rod,

I obviously did not follow my own rules of confirmation. I got caught up in thinking we would not break to new lows. I thought we would bounce off the lows and I would catch a nice gain. At the same time I also did think we were going lower.

At this point I will hold my position because as soon as I were to IFT back to the G fund then the market would rally 1000 points. All I can do now is try to get out of this but not at this level. :(
 
I don't see support at all yet with the market. This is ridiculous. Market's have been cut in half.

The Train is going to fast. I can't get off now. I will have to commit the other 50% soon.:nuts:
 
poolman said:
I don't see support at all yet with the market. This is ridiculous. Market's have been cut in half.

The Train is going to fast. I can't get off now. I will have to commit the other 50% soon.:nuts:
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You have seen how fast I have fallen, maybe you won't want to commit the rest just yet.
Me, I am forced to follow Birchy. To jump off now is not a good idea. Have to stop watching until next year. Bottomless pit. Good thing I have extended my time horizon. You are right. This is ridiculous. Is that on the emotional chart?:)
 
Greg said:
As children we are victims. As adults we are volunteers.
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I don't feel like a victim..so I should rephrase ...forced for me = not willing to sell for a loss. I think Birch's way is correct if you think in longer terms, I am guilty of wanting it sooner rather than later. But I can wait. If this country goes to hell in a handbasket it won't make much difference in the scheme of things. :)
 
Freddie Mac has announced that they are suspending foreclosures - that is a small piece of good news that may have an eventual positive impact for the economy.
 
Birchtree said:
Freddie Mac has announced that they are suspending foreclosures - that is a small piece of good news that may have an eventual positive impact for the economy.
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Then why don't they do the same of all of the mortgage holders? Just give us our homes....problem solved... It works for me:D
 
The FDIC did the same technique for Indy Mac subprimers when they took control. It's just a temporary maneuver until the economy improves. Never fight the Fed - they are pumping tremendous amounts of money supply - and this market coil is now ready to bust much higher finally on some concrete fundamentals.
 
Birchtree said:
The FDIC did the same technique for Indy Mac subprimers when they took control. It's just a temporary maneuver until the economy improves. Never fight the Fed - they are pumping tremendous amounts of money supply - and this market coil is now ready to bust much higher finally on some concrete fundamentals.
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Not fighting the FED--just would be nice to get SOMETHING for all of the funding we and generations to come have to pay back.
 
IMO, I think we are near capitulation if we are not there yet. I may IFT

another 10 or 15 percent today or Monday depending on the news. I

think next week will be better than this week. This is against my rules

of Confirmation but rather a DCA of additional money thinking we are

at or near the lows. We have 2 more IFT's starting Dec 1.

I got caught in a 1000 point downdraft and am not willing to go to the Lilly

pad. I think this is a good time to position myself for a monster rally. :)
 
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