Show-me Account Talk

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I wish us all well geeze I hope the FRTIB is so happy about that IFT limit. Save a dollar for Barclays and cost the members BILLIONS. Remember they are looking out for all of us. WTF



Yep, the new rules really - really suck..... Trading my Roth's today since I'm off all this week.
 
Show-Me,

While I watched SKF climb over 17% today, I started thinking about the swings I've seen this fund go through, especially Friday close to Monday close. So I did a little research and while there have been several drops in the Friday-Monday time frame (some sizable ones for sure), the trend is consistently up. If you had purchased SKF at the close of every Friday and sold at the close of every following Monday, you would have made nearly 63% (remove today's swing & you'd be at 45%). Of course you wouldn't actually be able to time this perfectly, still, the swing is significant. Of course now that I see it and am considering playing this swing, the trend will probably reverse. This was probably an exercise in futility, but I gotta do something as the market is beating me up.

Now, is there a way I can go back to last Friday and invest a bit?:nuts:

Edit: Keyed in number wrong. Actual Feb - today increase: 83%. Remove today, 66%.
 
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Briefing.com: Fed funds futures rally in the wake of the financial market turmoil, now suggesting there is a strong possibility of a rate cut on Wednesday. Futures suggest a 74% of a 25 basis point cut to 1.75%, and a 26% chance of no change.

I'll go with the 26%.
 
I'll go with the 26%.

Jeff,

I agree. No rate cut. The FED cut the rate from 5.25% down to 2%. What has it done for anyone except the big banks. Another 0.25% cut would only weaken the dollar and spur more inflation that the government doesn't admit is happening.

But then again...what do I know.....I didn't stay at a Holiday Inn last night and I bought MER Puts on Friday instead of Calls. Didn't see the Bank of America takeover coming:worried:
 
Jeff,

I agree. No rate cut. The FED cut the rate from 5.25% down to 2%. What has it done for anyone except the big banks. Another 0.25% cut would only weaken the dollar and spur more inflation that the government doesn't admit is happening.

But then again...what do I know.....I didn't stay at a Holiday Inn last night and I bought MER Puts on Friday instead of Calls. Didn't see the Bank of America takeover coming:worried:

Nobody saw it coming. It all started Friday evening at 7PM.
 
Rate cut is coming, the Fed is a Wall Street whore and it is a election year. Inflation is taming with the decline in commodities and the rise in the dollar which will allow them to do the deed.

Then again I'm in the C fund today. ROFLMAO
 
Rate cut is coming, the Fed is a Wall Street whore and it is a election year. Inflation is taming with the decline in commodities and the rise in the dollar which will allow them to do the deed.

Then again I'm in the C fund today. ROFLMAO

What is the point but if they do then just make it a full point. What a friggin joke. No one can buy a home, car so all this does is help the big boys hide their mistakes for another few weeks.

We are screwed anyway why not raise them .50 that would really catch the attention of the world. LMAO
 
What? G sisters don't count??? :) We're here too, and this one agrees with 26% prob. woops, meant to post this in response to CP post elsewhere. Oh well.
 
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The bad news: The Market

THe good news: I opened up a Roth IRA and didn't buy anything today :cheesy:
 
TSP: 100% C Roth: Cash Traditional: SU @ $43.8975 Sold @ $44.01


My stop got me out, I took a 0.2% loss on this trade. I am still in the C fund and I am not too worried yet. The AIG news is not sinking in yet. AIG going down is very, very, very bad. LEH was bad enough, AIG is very bad. This is going to be felt far and wide.

I'm going to eat it in the C fund. As much as I hate the idea of putting more money into the FRTIB's hands, I am considering upping my allotment considerably during this flush.

Did I mention how glad I am that I took out that TSP loan?
 
The Fed is basically saying that it is not their responsibility to cover private sector default and AIG is on its own to deal with the private sector. BSC and the JPM deal was a one time thing and they will not do it again.

I think they got caught off guard with BSC and was trying to stave off the first wave. Now that more waves keep on coming the Fed has to draw a line.
 
I think they got caught off guard with BSC and was trying to stave off the first wave. Now that more waves keep on coming the Fed has to draw a line.

I agree, they must have had false hopes they could stop the whole process with one bailout.

So be it, I'm young and won't mind buying cheap stocks... :cool:
 
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