Show-me Account Talk

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Tom,

That's a very good point - I'll have to see what I can barter with. These loans never come without some sort of condion attached. But when it comes to sacrifice I can always sell something to raise cash but that is always generally unpleasant - but I did luck out getting out of some of my commodity stocks to purchase my toxic waste portfolio and many of my financial picks have actually appreciated but this was a three year plan - so I hope to be able to buy all the way up - and it's going to be a long journey back to the top. I'm even thinking it may be time to start DCAing back into some of my steel stocks now that drilling will be set free to compete. The wife realizes that what's hers is hers and what's mine is also hers - the economics of a marriage. It's a little like those that jog together and shower together usually stay together. That's what I teach my daughter.
 
I went long 1 Nasdaq futures contract over the weekend - just in case. Something I rarely do (hold futures over the weekend). I figure... no deal, the Naz 100 might drop 1% or so. Deal announced, possibly plus 3%, 4% or even 5% open Sunday on night. Although I am worried that everyone is thinking the same thing and we get a "sell the news" reaction to announcement. Rolling the dice.

Tom,
Sounds like a good trade to me. Very high probability trade, IMO. Good luck. I don't like holding over the week either but the outside influences are bound to rescue, save, bail out the financials or else.

The crook politicians know they are damned if they do and damned if they don't. If they do, they look like free market killing socialist and if they do and it does not work they look like incompetent free market killing socialist.

If they don't they look like they are scared worthless beltway waste scum sucking trolls even if it works out in the end.

Sound like the deal is getting done again.
 
Cramer is on tonight talking gloom and doom - saying the banking system has been experiencing massive disintermediation all week and that the FDIC insurance shoukld be increased to keep money in the banks. I don't believe a word of his nonsense and am leaving my money right where it is - no fear here. The question now is do I have the courage to add to my WB (Wachovia) position now that it's down $4.94 to $8.76. You bet because I'm as dumb as wood.

Wachovia is done. I give them two weeks!
 
KevinD,

Hee, hee, imagine what I would say if I had been drinking or on the Oxycod the Doc's gave me. I find as I get older I don't care how much I trash politicians. You should have seen the strongly worded letters I sent to my two Senators and Congressman that wants to be my Governor.
 
An important component of the free market concept. I learned it at an early age, and exercised it through three marriages.
 
I personally find this very therapeutic and am going to watch over and over again.:D Let it out brother, don't keep it bottled up inside, LET IT OUT!:D
 
http://www.billakanodoodahs.com/

I do not like this bailout plan.
I do not like it here or there.
I do not like it anywhere.
The Fed Reserve is “in a box”
But Henry Paulson’s like a fox
The proposal that is in the House
Should make him feel just like a louse
They’ll buy back bonds composed of loans
To people that can’t afford their homes
The deal will even go so far
To buy back loans made on my car!
I do not like it on a boat
Bernanke should go #$%& a goat!
I do not like it on a train
Ron Paul is right, that much is plain
They want to pass it in a rush
It’s got to suck! It’s backed by Bush!
 
The Week Ahead

Last Update: 26-Sep-08 10:18 ET


The market's focus in the coming week will be on economic data and the government's progress on a plan to restore stability to the financial system.

Congress was scheduled to adjourn Sept. 26, but no agreement had been reached as of this posting, so it stands to reason Congress will be working past the adjournment date in an effort to reach a comprise on the Bush administration's proposed plan to buy up to $700 billion of illiquid assets from financial institutions.

Monday morning then will be accented with discussion on either the details of an approved plan or the continued impasse.

There are 11 releases scheduled on the Economic Calendar. A few of the influential reports include personal income and spending, the ISM Index and the September employment report.

Next week is light on market-moving earnings reports. The more widely-held names on the Earnings Calendar include Circuit City (CC), Walgreen (WAG), Marriot (MAR) and Mosaic (MOS).
________________________________________________________________



Monday, September 29:
  • Earnings: Circuit City (CC), Walgreen (WAG)
  • Economic Data: Personal Income and Spending (Aug.)
  • Events: None
  • Conferences: None
  • Fed Speakers: Kansas City Fed President Hoeing speaks on U.S. economy (8:45 PM ET)
Tuesday, September 30:
  • Earnings: Pepsi Bottling (PBG)
  • Economic Data: Chicago PMI (Sept.)... Consumer Confidence (Sept.)
  • Events:None
  • Conferences: WiMax World 2008 (Day 1 of 3)
  • Fed Speakers: Atlanta Fed President Lockhart to speak on U.S. economy (1:00 PM ET)
Wednesday, October 1:
  • Earnings: Actuant (ATU), Micron (MU) Mosaic (MOS)
  • Economic Data: Auto and Truck Sales (Sept.)... ADP Employment (Sept.)... Construction Spending (Aug.)... ISM Index (Oct.)
  • Events: Weekly Crude Inventories (week ended Sept. 27)
  • Conferences: International Business Forum MidAmerica Healthcare Venture Forum (Day 1 of 2)... WiMax World 2008 (Day 2 of 3)
  • Fed Speakers: None
Thursday, October 2:
  • Earnings: Constellation Brands (STZ), Marriott (MAR)
  • Economic Data: Factory Orders (Aug.)... Weekly New Unemployment Claims (week ended Sept. 27)
  • Events: None
  • Conferences: International Business Forum MidAmerica Healthcare Venture Forum (Day 2 of 2)... Oppenheimer Industrials Conference (Day 1 of 2)... WiMax World 2008 (Day 3 of 3)
  • Fed Speakers: St. Louis Fed President Bullard to speak in Indiana (8:00 PM ET)
Friday, October 3:
  • Earnings: Family Dollar (FDO)
  • Economic Data: Nonfarm Payrolls (Sept.)... ISM Services (Sept.)
  • Events: None
  • Conferences: Oppenheimer Industrials Conference (Day 2 of 2)
  • Fed Speakers: None
--Ryan McShane, Briefing.com
http://www.briefing.com/GeneralCont...vestor&ArticleId=NS20080926101959LookingAhead
 
On the surface the bailout bill is looking much better than the original proposal from King Paulson of the Isle of Goldman. It is still a bail out and I don't like it.

The most interesting point I just heard on the Today Show was that at best it would weeks to implement to months. What happens in the slack time?

We as a people need to be much less complacent in voicing our opinion to our elected representatives and that starts with getting out and voting this November. Don't let the fools tell you it won't matter or your third party candidate will just ruin it for the other two. That is BS and your vote is yours to do as you please.

I am still holding my C fund position and I await the bail out bill. I am not happy about the fact that the people have spoken and the politician are ignoring us. Democracy is dead and this is the proof. Politicians are no longer representing the will of the people, even if they think we are wrong. That is a sad sign of the times. Socialism and communism forces ideas and changes that are not popular with the population. We have proof positive that the Republic is dead and the corporations and lobbyist control every aspect of our Country policy making. As soon as this bill passes I am done with the Republican and Democratic Parties, they are going against the will of the people and even if the people are wrong it has killed democracy.

Make no mistake part of the blame belongs to the people for giving up. We need to tell our politicians what we want and when the lobbyist run over our wishes we need to speak louder, and the scream it. First we have to convince our friend, families, and neighbors.

I'm not angry anymore after watching Bob, I am very disappointed on a very deep level. Do not let them remove any of our Rights including the big one that many do not like, the right to keep and bear arms. Having a weapon will separate you from the animals or at least give you a sense of security and a fighting chance.

Did not mean for this to be a rant about gun rights, but it is all interconnected.

I will hold the C fund for the pop and then retreat soundly to the G fund. My Scottrade accounts need to settle so I will be out or commission until Wednesday.
 
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