Show-me Account Talk

[Buffalo_Nickle]

Show-me, would you be getting that through your traditional IRA (the Ford stock) ?

 

[Show-me]

Placed a order for SDS after hours for the Trad. IRA. Two up days in a row in a bear market and historically tomorrow is a bad day. That with a hurricane on the way. Roll the dice.

We will see if it gets filled. I low balled it. @ $65.44, I can raise the bid after dinner.

Cancel

 

[Show-me]

Show-me, would you be getting that through your traditional IRA (the Ford stock) ?

Ya know, that would be a great idea.

 

[Show-me]

Make'n a move.

TSP: 75% G, 25% C

Got to get my 2 IFT in this month.

 

[Show-me]

Basically a low probability trade based on seasonality and a simple chart pattern of two up followed by down day or days.

Will likely be out on Friday.

 

[Show-me]

Basically a low probability trade based on seasonality and a simple chart pattern of two up followed by down day or days.

Will likely be out on Friday.

Low probability trade and getting lower. Wish I could have got a peek at the market before the cut off.

 

[Show-me]

Traditional: Bought SKF @ $118.44

 

[Show-me]

Dell getting killed AH.

Silver made another higher high.

My C fund play sucked.

 

[Show-me]

Note to self: Listen to Oscar's rule about trading around the three day weekends.

 

[Show-me]

 

[Bullitt]

My C fund play sucked.

Hard to say, how often have after hours and futures been misguiding. The crooks are going to keep playing this market as long as they can.

 

[Show-me]

You got to love those GDP numbers getting fluffed by the stimulus check. I need another one, come on it's election year.

WASHINGTON, Aug 28 (Reuters) - Strong exports and consumer spending supported by government stimulus checks drove the U.S. economy up at a solid 3.3 percent annual rate in the second quarter, much faster than first thought, but growth is expected to flag as those factors fade.

 

[Show-me]

Georgia Bank Closes in 10th Failure This Year

http://www.washingtonpost.com/wp-dyn/content/article/2008/08/29/AR2008082903262.html

Georgia Bank Closes in 10th Failure This Year


[SIZE=-1]By Madlen Read
[SIZE=-1]Associated Press[/SIZE]
Saturday, August 30, 2008; D02

NEW YORK, Aug. 29 -- Integrity Bank of Alpharetta, Ga., on Friday became the 10th U.S. bank to fail this year, done in by the very business it was built on -- real estate lending.
Regions Bank of Birmingham, Ala., will assume all of Integrity Bank's $974 million in insured and uninsured deposits in 23,000 accounts, and about $34.4 million of its $1.1 billion in assets.

The remainder of Integrity's assets will be retained by the Federal Deposit Insurance Corp. The FDIC said it estimates that Integrity's failure will cost its deposit insurance fund $250 million to $350 million.

Integrity Bank, which opened in November 2000, specialized in real estate lending in the Atlanta area with a self-described "faith-based culture." Throughout the early part of the decade, when the housing market was booming, Integrity grew into a billion-dollar, publicly traded company. But when the real estate market started faltering, the bank found itself in trouble.

The bank replaced its chief executive in August 2007 and hired a turnaround expert in September, only to voluntarily delist its shares from the Nasdaq Global Market in March. Nasdaq had threatened to delist the company for failing to comply with reporting standards.

Rickey McCullough, an FDIC spokesman, said late Friday that the bank failed due to its aggressive pursuit of construction loans, coupled with falling real estate values and "inadequate risk management."

Construction loans made up 76 percent of the bank's total loan portfolio. For the quarter ended June 30, the bank posted a loss of $33.56 million.

After being closed on Friday by the Georgia Department of Banking and Finance, Integrity's five branches in Atlanta will open Tuesday as Regions Bank branches.
Integrity is the first Georgia bank to fail since the late September 2007 closing of NetBank, also based in Alpharetta, the FDIC said.

The number of bank failures has shot up this year during continuing mortgage defaults. On July 11, California mortgage lender IndyMac Bancorp, with $32 billion in assets, became the largest thrift to fail in U.S. history.
According to FDIC data released Tuesday, the number of troubled U.S. banks jumped to 117 -- the highest level in about five years -- during the second quarter, up from 90 in the prior quarter. Bank profits plunged 86 percent during that quarter, the FDIC said.
[/SIZE]

 

[Show-me]

FEMA awaiting Gustav to grow into Category 5 storm

By JENNIFER LOVEN – 55 minutes ago
WASHINGTON (AP) — Hurricane Gustav is growing into a monster Category 5 storm, the government's disaster relief chief said Saturday. The storm could reach landfall along the Gulf Coast by early Tuesday.

http://ap.google.com/article/ALeqM5iW4ag0ehwvgQa2A-teqR0bLTPNuQD92SQJQ80

 

[Show-me]

I'm watching the action in the Atlantic and I am getting a funny feeling. Check out all of the action out there. One on land (Gustav), one Cat 1 (Hanna), one tropical storm (Ike), one high potential system, and two low potential systems. What the heck is going on?

http://www.nhc.noaa.gov/

 

[Show-me]

The Week Ahead

Last Update: 28-Aug-08 15:10 ET

Market participants will enjoy a day off in the coming week with financial markets closed Monday in observance of Labor Day.

However, analysts will have plenty to do when they get back from their extended weekend with numerous economic releases and a barrage of corporate conferences crammed into the four-day work week.

There are a total of 10 economic releases, including the widely-watched ISM surveys and the government's employment report. Take a look at Briefing.com's Economic Calendar for a full list of reports and estimates.

A large number of companies will be making appearances at several conferences. Some of the biggest retailers in the world will present at the Goldman Sachs retailing conference, and tech companies will appear at Citigroup's conference.

The second quarter earnings reporting season is essentially over, so there are only a handful of companies confirmed to report on the Earnings Calendar.
________________________________________________________________
Monday, September 1:
U.S. financial markets closed in observance of Labor Day.

Tuesday, September 2:

• Earnings: Donaldson (DCI), NCI Building Systems (NCS), Shanda Interactive (SNDA)
• Economic Data: Construction Spending (July)... ISM Index (Aug.)
• Events: None
• Conferences: Lehman Brothers CEO Energy Conference... Citigroup Global Tech Conference
• Fed Speakers: None

Wednesday, September 3:

• Earnings: Staples (SPLS), Guess (GES), H&R Block (HRB), Hovnanian Enterprises (HOV)
• Economic Data: Auto Sales (Aug.)... Factory Orders (July)... Fed's Beige Book
• Events: None
• Conferences: Goldman Sachs Global Retailing Conference... Keefe, Bruyette & Woods, Inc. Insurance Conference... Lehman Brothers Back-to-School Consumer Conference... Thomas Wiesel Healthcare Conference... Kaufman Brothers Investor Conference... Lehman Brothers CEO Energy Conference... Citigroup Global Tech Conference
• Fed Speakers: Boston Fed President Rosengren gives an economic briefing (12:30 PM ET)

Thursday, September 4:

• Earnings: Jackson Hewitt (JTX), Toll Brothers (TOLL), Take-Two Interactive (TTWO)
• Economic Data: ADP Private Employment (Aug.)... Revised Q2 Productivity... ISM Services (Aug.)... Weekly Initial Jobless Claims (week ended Aug. 30)
• Events: Weekly Crude Inventories (week ended Aug. 30)
• Conferences: Credit Suisse Group Annual Global Automotive Conference... Morgan Keegan Equity Conference... Goldman Sachs Global Retailing Conference... Lehman Brothers Back-to-School Consumer Conference... Thomas Wiesel Healthcare Conference... Kaufman Brothers Investor Conference... Lehman Brothers CEO Energy Conference... Citigroup Global Tech Conference
• Fed Speakers: Dallas Fed President Fisher speaks on U.S. economic challenges (1:40 PM ET)... San Francisco Fed President Yellen speaks on economic outlook (2:30 PM ET)

Friday, September 5:

• Earnings: National Semiconductor (NSM)
• Economic Data: Employment Report (Aug.)
• Events: None
• Conferences: Gabelli & Company, Inc. Aircraft Supplier Conference... Morgan Keegan Equity Conference... Thomas Wiesel Healthcare Conference... Kaufman Brothers Investor Conference
• Fed Speakers: San Francisco Fed President Yellen speaks on economic outlook (3:55 PM ET)

--Ryan McShane, Briefing.com
http://www.briefing.com/GeneralCont...vestor&ArticleId=NS20080828151127LookingAhead

 

[Show-me]

O the pain today. SLV getting beat, SKF getting beat, and I'm in the G fund. O the pain of it all.

First of the month rally? Me thinks so. I do wish I dumped my SLV after it filled the last gap.

 

[Show-me]

Could have been worse. SLV fought back and SKF did not dump as bad as I thought.

 

[Show-me]

Rick Santelli Strikes Again - Takedown of Steve Liesman

 

[Show-me]

That is a OUTSTANDING video! PRICELESS!