Show-me Account Talk

[weatherweenie]

O'boy am I kicking myself for not buying UYG in premarket for 16 and change.

May have the chance to buy in the 16s shortly.

 

[Show-me]

TSP: 100% C Roth: Cash Traditional: KOL @ 30.15 ROTH: UYG @ $16.35

 

[ATCJeff]

Yup. The "republicans" just bailed out Wall Street with your tax money.

Sad thing is, Dems would have done it too given how severe the ramifications are. But in the end, it's all for naught because it's all going down anyway...just buying time before the election. Too bad though...we may crash another 10% before then anyway!:laugh:

Be careful. Word is that New York Governor David Paterson, a Democrat, went to the Fed and told them they had to save AIG. He must have been very convincing. Also it's a two year loan. The terms are very good for the taxpayers. Right now the interest rate is 12%.

 

[Minnow]

Be careful. Word is that New York Governor Eliot Spitzer, a Democrat, went to the Fed and told them they had to save AIG. He must have been very convincing. Also it's a two year loan. The terms are very good for the taxpayers. Right now the interest rate is 12%.

Isn't Spitzer on pre-trial release right now for the whole hooker thing? :nuts:

 

[Braveheart]

TSP: 100% C Roth: Cash Traditional: KOL @ 30.15 ROTH: UYG @ $16.35

I am still holding 100% C Fund I don't know if you bailed but I see this as a panic sell today and the naked shorts are going out of business as usual. There is so much debt and worry maybe I should have bailed but I have my fold number and we are still a bit away so looking for some stability tomorrow and next week.

The IFT limit by the FRTIB is the only reason I am still in. I am glad to see Barclays has all our money to buy Lehman and these clowns at the FRTIB are talking about pennies. Geeze imagine the folks in those L Funds thinking how secure their money will be that 2040 fund should be 2080.

 

[ATCJeff]

Isn't Spitzer on pre-trial release right now for the whole hooker thing? :nuts:

I was typing way too fast. Forgot that Paterson is the new Governor.

 

[Gumby]

Geeze imagine the folks in those L Funds thinking how secure their money will be that 2040 fund should be 2080.

Now, if only I can live that long to collect.

 

[Minnow]

I was typing way too fast. Forgot that Paterson is the new Governor.

Happens to all of us. I was just imagining Spitzer... fresh off his stint as Client 9 going before the New York Fed and, with sweaty shirt, loosened tie, and bed head, asking for more money for some "friends" at AIG. :laugh:

 

[Show-me]

tsp: 100% c roth: Cash traditional: Kol @ 30.15 roth: Uyg @ $16.35

roth: Uyg @ $16.35 sold 17.60 for a 7.56% return

 

[Gumby]

roth: Uyg @ $16.35 sold 17.60 for a 7.56% return

Great Trade!

 

[Show-me]

Let's see, getting killed in the C fund but looking good in the Roth fund. Still glad I took out that loan. Contributions hit the C fund today, my only ray of light in the TSP fund.

Off the grid tomorrow again, going under the knife for a bit. Should be back in time for Larry Kudlow and his BS Goldilocks tripe.

 

[Show-me]

Thanks, Gumby.

 

[tsptalk]

Off the grid tomorrow again, going under the knife for a bit. Should be back in time for Larry Kudlow and his BS Goldilocks tripe.

Good luck you tough SOB..

 

[Show-me]

Thanks Tom, this is a easy one. I just hope my nurses are female and all stunning. And, the one that removes the catheter has warm hands and a gentle touch. I may have said too much.

 

[Show-me]

On a sad note I heard Clark Howard tell that for the first time a money market fund lost money and are not longer considered the perfect safe haven. It lost 3% and did not give the institutions name. He said 32 years with a perfect record until today.

 

[GGal]

My husband says the trick to surviving the removal of a foley (?) is to blow real hard like your blowing out birthday candles, while the nurse does it.

 

[Rod]

On a sad note I heard Clark Howard tell that for the first time a money market fund lost money and are not longer considered the perfect safe haven. It lost 3% and did not give the institutions name. He said 32 years with a perfect record until today.

It was probably Vanguard or T Rowe... his favorites.

 

[Show-me]

My husband says the trick to surviving the removal of a foley (?) is to blow real hard like your blowing out birthday candles, while the nurse does it.

I don't know but the mental image of me doing that has me laughing out loud.

 

[justbizness45]

On a sad note I heard Clark Howard tell that for the first time a money market fund lost money and are not longer considered the perfect safe haven. It lost 3% and did not give the institutions name. He said 32 years with a perfect record until today.

Sounds like a bunch of the money markets were into Lehmans...This whole thing is unravelling and the Feds are not going to be able to stop it.....

http://finance.yahoo.com/tech-ticke...ime-Mortgage-Debacle?tickers=leh,aig,mer,^dji

 

[Show-me]

First, I don't know why I'm even in this market at this point except I have 17 years to go and I already got caught.

With the big down swings I would not want to get out and miss some potential big up swing due to the stinking IFT limits. Also, my account in TSP is very small due to my TSP loan to fund mine and the wifes Roth's.

I am considering kicking up contributions even though I hate FRTIB and the idea they have control of my money. Point is the fruit is ripe at these levels and I want to pick as many shares as I can.

It is very obvious now that the long term ramifications of AIG and LEH are real and going to be painful. AIG holds many annuities and if the government did not step in those annuities could have vanished into thin air. How do you like annuities now? Doesn't matter who you sell it to if they go under so do you. Nothing is guaranteed not even FDIC because they are struggling already and the bank failures have not went into second gear yet. FDIC already said they will raise premium to banks to fund their pool and Treasury sold $40 billion in T-bills to fund the Federal Reserve. Does that sound like and good economy? Hell NO!

Times are getting tough and no matter what party wins the election it will get tougher. I so pissed at the Rep. that I might pick Obama come November. It was their watch this all happened and now no one is screaming that people need to go to jail. I want heads to roll and if the Rep. will not take the lead they will not get my vote.

Keep watching the David Walker videos I posted about the state of our Nations finances. It just go much worse.

DID YOU SEE SILVER AND GOLD RALLY TODAY? GET SOME NOW, THE PHYSICAL STUFF NOT THE PAPER.