Show-me
Well-known member
Yep.
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Show-me Account Talk
- Thread starter Show-me
- Start date
- Status
Yep.
fabijo
Well-known member
Yeah, 750! Where ya at? Quit teasing us with this up and down stuff. Just plummet already.
Show-me
Well-known member
Not really, kind of in the low to middle of the range. Here is a link that shows the volume of the S&P at the bottom, it will give you a real good picture of the volume.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p71188160435
Show-me
Well-known member
Did you guys watch CNBC yesterday? I did, drywalling basement. 
The renegotiation of the delinquent to almost in foreclosure loans was a JOKE. Way to reward bad lending and bad borrowing. We are talking about a fraction of home borrower that are delinquent or about in foreclosure.
Stocks jumped during the press conference but tanked when they realized there was no free money and the borrower with half a brain would look at the "new deal" and walk away anyways. Why make payments on a house principle of $350k when the house next to it is listed for $180k............walk away. Who cares that you are giving a 1% interest rate. It is simple business, corporations have done the same risk assessment for decades. Walk away, start your life over.
One huge note is that the longer they screw around and come up with more of the same BS plans the longer it will take to recover. Let them fail and let people that have the cash get cheap prices.
Auto industry is doomed and a bail out will not help them at all. They can NOT build the cars we need because of high labor cost. I know that, they know that, so get your head out of the sand. Any money you give them will make the inevitable much longer. Who is going to buy their high priced cars now?
The renegotiation of the delinquent to almost in foreclosure loans was a JOKE. Way to reward bad lending and bad borrowing. We are talking about a fraction of home borrower that are delinquent or about in foreclosure.Stocks jumped during the press conference but tanked when they realized there was no free money and the borrower with half a brain would look at the "new deal" and walk away anyways. Why make payments on a house principle of $350k when the house next to it is listed for $180k............walk away. Who cares that you are giving a 1% interest rate. It is simple business, corporations have done the same risk assessment for decades. Walk away, start your life over.
One huge note is that the longer they screw around and come up with more of the same BS plans the longer it will take to recover. Let them fail and let people that have the cash get cheap prices.
Auto industry is doomed and a bail out will not help them at all. They can NOT build the cars we need because of high labor cost. I know that, they know that, so get your head out of the sand. Any money you give them will make the inevitable much longer. Who is going to buy their high priced cars now?
CountryBoy
Well-known member
Did you guys watch CNBC yesterday? I did, drywalling basement.
Stocks jumped during the press conference but tanked when they realized there was no free money and the borrower with half a brain would look at the "new deal" and walk away anyways. Why make payments on a house principle of $350k when the house next to it is listed for $180k............walk away. Who cares that you are giving a 1% interest rate. It is simple business, corporations have done the same risk assessment for decades. Walk away, start your life over.
One huge note is that the longer they screw around and come up with more of the same BS plans the longer it will take to recover. Let them fail and let people that have the cash get cheap prices.
Auto industry is doomed and a bail out will not help them at all. They can NOT build the cars we need because of high labor cost. I know that, they know that, so get your head out of the sand. Any money you give them will make the inevitable much longer. Who is going to buy their high priced cars now?
The word failure has been removed from the USSA vocabulary now. I was against the first bailout, but were so far down the socialism highway (Rick Santelli term) why stop here? The Congressman they had on from Maryland was a moron and if he is an example of the type of leadership we have, there is no hope. Stock up on food, cash, precious metals and lead. The worst is yet to come.
This is so disgusting, that it'll take a major castrophic event to turn this around. Russia has already put missles in the country next to Poland, and Putin s going to test BHO's backbone and my money is he's no JFK.
CB
350zCommTech
Well-known member
Yes, it made me sick and pissed off hearing that speech.
Btw, Did you hear that American Express, who was just allowed to be a bank holding company, is going to access the TARP for $3B or so? WTF? Our country is screwed!
Corepuncher
Well-known member
Watch what happens when Bloomberg's lawsuit goes through and the government is forced to be transparent. You will see all sorts of ugly things, and it will NOT inspire confidence in our country's economy! Brace yourselves.
Besides Rick Santelli and Rob Raush (?), CNBC and most news media national and local offer insight of valley girls. TSp talk is a great source of financial, other news and entertainment. I wonder what are important skill sets missing from our posts that some members might be able to strengthen or supplement? I am grateful that some members are willing to share info from services they subscribe to.
Re national public policy, do any of you agree that we need a national discussion of where our country is and what needs to be changed about it? Bad elected officials (national, state and local) have seriously damaged our country from causing loss of life to huge wasted spending and loss of influence and respect. Our impeachment laws need to be broadened to cover all elected officials and the impeachment process simplified. Now many elected officials can act with impunity until the next election.
RE a better Federal govt, every GAO study I've looked at seemed thoughtful and beneficial, but various administration's GAO recommendations implementation rates is probably less than 30%. If any members work for GAO, I would appreciate occassional abtract updates of important GAO studies, whether old or new. Likewise for new technology, some of us might appreciate occassional posts from Patent Office staff about patents that seem to have unusual interest or potential.
From NASA it would be refreshing to hear about efforts at recycling things launched into space for other space projects rather than having all that incredibly expensive stuff crash back to earth. Or would some other members like to join me in a venture to establish an international space junkyard? Anyway, we are running out of space in space.
Re national public policy, do any of you agree that we need a national discussion of where our country is and what needs to be changed about it? Bad elected officials (national, state and local) have seriously damaged our country from causing loss of life to huge wasted spending and loss of influence and respect. Our impeachment laws need to be broadened to cover all elected officials and the impeachment process simplified. Now many elected officials can act with impunity until the next election.
RE a better Federal govt, every GAO study I've looked at seemed thoughtful and beneficial, but various administration's GAO recommendations implementation rates is probably less than 30%. If any members work for GAO, I would appreciate occassional abtract updates of important GAO studies, whether old or new. Likewise for new technology, some of us might appreciate occassional posts from Patent Office staff about patents that seem to have unusual interest or potential.
From NASA it would be refreshing to hear about efforts at recycling things launched into space for other space projects rather than having all that incredibly expensive stuff crash back to earth. Or would some other members like to join me in a venture to establish an international space junkyard? Anyway, we are running out of space in space.
malyla
Active member
Hi jon. I have a thread going to discuss some of the ways we can improve our society. It is non partisan and non political and just discusses what we as a society can do to improve from where we are now. http://www.tsptalk.com/mb/showthread.php?t=6512
It does embrace the idealogy of social change through government initiatives (i.e. The Great Society initiatives from Johnson's era) but if there are other ways to bring about positive social change, then lets discuss it.
I'll be there sometime this week as work is taking most of my time. There is a good discussion on transportation, legalizing drugs, etc... there. Enjoy.
Malyla
Doesn't this somewhat happen already during Presidential campaigns? You have to loosely define the word discussion: we get talked to, then we vote on it. There is no "give and take," per se.
There's all kinds of problems with stuff in low earth orbit. You have a limited amount of fuel, the atmosphere expands and contracts, etc. There *is* an awful lot of space junk up there but 1) catching it is a problem and 2) how would you enforce "litter laws"? Most of the stuff up there has a limited lifespan and you simply can't use the Shuttle to grab it and bring it back down - or to even fling it out further into space.
Besides, having stuff burn up in the atmosphere isn't so bad. It's even kind of pretty to watch.
Show-me
Well-known member
The bad news if finally coming into all businesses. Consumers are either broke or scared to death to spend a dime. I would say GM is burnt toast and that is 2 million jobs. Who is going to buy their cars any ways?
I am getting slaughtered on my UYG trade and the only bright side to it is that it is my smallest total account. Still a loss. I went from trading to buy and hope. That killed me. Once again I did not stop my order. My reasoning this time was the wild swings. Boy is this a lesson.
My TSP is putting some distance from the C fund return. That is the only bright spot. Going to look at a trade at the bottom of the range. One IFT left.
Hedge fund redemption day Friday.
I am getting slaughtered on my UYG trade and the only bright side to it is that it is my smallest total account. Still a loss. I went from trading to buy and hope. That killed me. Once again I did not stop my order. My reasoning this time was the wild swings. Boy is this a lesson.
My TSP is putting some distance from the C fund return. That is the only bright spot. Going to look at a trade at the bottom of the range. One IFT left.
Hedge fund redemption day Friday.
phillyfed
Member
Get ready to make money Bro! I'm buying some great stocks on the cheap. My first buy is TAN....A solar ETF....It has bottomed and is poised for explosion.
As for your UYG losses....Banks and brokerages will consolidate and will come out stronger then ever. I dont see it going any lower from here. They just have to take out the trash. You will make money if you hold it for 3-5 years. Warren Buffet bet on it. I'd bet on it. In fact, I'm buying Goldman at the open
GL
Spaf
Honorary Hall of Fame Member
S,
I can't figure out why they are advertising the way they do! Why advertise about how great a vehicle they think the "Hummer" is.....
And why advertise about the future Excalade by Cadillac? For only $70K+ you have a vehicle that gets (maybe) 20 city and 21 highway..... Maybe, I'd better wake up, could be a bad dream or sumptin.....
Silverbird
Well-known member
Well, they made a bunch of Escalades for China. Their was a big demand for big, obnoxious vehicles out there. Unfortunately for GM, notice I said...was a big demand. Hummers also had a big overseas market. Notice I said, had. No one's got the money now, to buy a big obnoxious vehicle with all the bells, even if they get subsities for gas.
Show-me
Well-known member
What a day! Too bad I missed it and no matter how I look at it who could have called this kind of huge one day move. Oversold yes, 10% trough to peak run no, and 6% the last hour no.
The market news was atrocious all day. Not one bright spot of news or data. Chart wise we were very oversold and we made a 52 week low, but rallied big time off of it. Classic capitulation and then dip buying. Beautiful!
Looking at this chart, http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p81920868738, I see the triple bottom but the double bottom is more prevalent to me. The run down to 839 looks like a anomaly but the double bottom with the solid candlestick bodies looks like good support. Use this to back my observation, http://stockcharts.com/h-sc/ui?s=$EMW&p=D&yr=0&mn=3&dy=0&id=p81920868738, it is the DJ Wilshire 4500 or S fund. It looks cleaner and is not as volatile because of the broader number of companies in it.
I will make a IFT today or Monday, my hope is we sell off at least half of this rally and it allows me to get a better spread from the C fund return.
Simply put I am jealous of anyone that bought the C fund below $10 and super jealous of anyone that bought below 840 on the S&P. Great job and good luck!
The market news was atrocious all day. Not one bright spot of news or data. Chart wise we were very oversold and we made a 52 week low, but rallied big time off of it. Classic capitulation and then dip buying. Beautiful!
Looking at this chart, http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p81920868738, I see the triple bottom but the double bottom is more prevalent to me. The run down to 839 looks like a anomaly but the double bottom with the solid candlestick bodies looks like good support. Use this to back my observation, http://stockcharts.com/h-sc/ui?s=$EMW&p=D&yr=0&mn=3&dy=0&id=p81920868738, it is the DJ Wilshire 4500 or S fund. It looks cleaner and is not as volatile because of the broader number of companies in it.
I will make a IFT today or Monday, my hope is we sell off at least half of this rally and it allows me to get a better spread from the C fund return.
Simply put I am jealous of anyone that bought the C fund below $10 and super jealous of anyone that bought below 840 on the S&P. Great job and good luck!
poolman
Top Return 2008
All very good points Show-me,
Yesterday rocked my Boat. Unbelievable. It was like a knock out punch and I am still reeling from it. It seems support was pretty solid down there at 818.
350zCommTech
Well-known member
I disagree that it was capitulation. Here is what I wrote in SB's thread last night:http://www.tsptalk.com/mb/showpost.php?p=194059&postcount=2388
As for the charts, it sure looks like capitulation. Also, a higher low retrace and a bounce back next week might make the charts look like a W bottom. IMHO, it looks too easy to me, but I'm down 20% ytd so what the heck do I know. I'm probably just full of ****. But I believe that we should share opinions before the deadline and not to wait a week from now to say "haha! you were wrong...blah...blah..." What is the point in that?
Sorry for the rant.
Good luck on your decision.
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