Show-me Account Talk

[Bullitt]

Show-Me, if you believe the headlines, you should be buying precious metals. I think the easy money shorting financials has been made and we're going to see a reprieve for a while here. The banks are toast, everybody knows it's a matter of time before the big ones are fully nationalized. There are other less popular pastures to graze. Shoot. SGP is up 15% YTD.

 

[Warrenlm]

This month we have over $60 billion being auctioned and half of those being auctioned are for paying back maturing treasuries. BRILLIANT!!! Borrow more money to pay back the money we borrowed months ago. If I was to keep doing that in my personal life they would call me fiscally irresponsible.

Is this tongue in cheek? We've been recycling short term debt at a much higher percentage of the debt since Rubin. The interesting thing this week was the very high amounts offered, even for longer term debt. Seems that we'll wait til mid month to see what happens with the 30yr. Late last year there was an auction where the amount offered was only a tad above the amount required.

 

[350zCommTech]

Hear how much the new Treasury auctions will be? New records and just scratching the surface.

This month we have over $60 billion being auctioned and half of those being auctioned are for paying back maturing treasuries. BRILLIANT!!! Borrow more money to pay back the money we borrowed months ago. If I was to keep doing that in my personal life they would call me fiscally irresponsible.

Treasury yields will go to zero and most important, who would trust us to pay them back? And, who would want to be payed a lousy yield?

I just loaded up on FAZ at 45.51.

Bond yields are only up slightly and does not appear to be confirming this rally. Looking at TNX, it appears to be running out of steam or getting close to topping. The F fund is looking interesting.

I'm not worried about Turbo Tax Geithner's big plan on Monday.

 

[hessian]

I'm not worried about Turbo Tax Geithner's big plan on Monday.

OK, I'll bite, what is Geithnrer's big Turbo Tax Plan??

 

[KevinD]

I think they're talking about the Bad Bank shenanigans.

 

[hessian]

Hear how much the new Treasury auctions will be? New records and just scratching the surface.

This month we have over $60 billion being auctioned and half of those being auctioned are for paying back maturing treasuries. BRILLIANT!!! Borrow more money to pay back the money we borrowed months ago. If I was to keep doing that in my personal life they would call me fiscally irresponsible.

Treasury yields will go to zero and most important, who would trust us to pay them back? And, who would want to be payed a lousy yield?

Doesn't this sound an alarm similar to MADOFF's criminal activities (a Treasury PONSI scheme??) :nuts:

 

[350zCommTech]

OK, I'll bite, what is Geithnrer's big Turbo Tax Plan??

No income tax for two years.

 

[tsptalk]

OK, I'll bite, what is Geithnrer's big Turbo Tax Plan??

How to save money on taxes, by Tim Geithner. Two words... "I forgot".

(anyone remember Steve Martin's old bit, how to make a million dollars and never pay taxes? Classic)

 

[Show-me]

I see FAZ was trading below $40 and I will try to pick some up Monday morning.

My sense is if the Obama Admin. some how nationalizes a bank like FRE, FNM, and AIG what happens to the common stock price?

Banks are failing again.

http://biz.yahoo.com/ap/090206/bank_closures.html

WASHINGTON (AP) -- Regulators on Friday closed FirstBank Financial Services in Georgia and two California banks, Alliance Bank and County Bank, marking nine failures this year of federally insured institutions.alling again.

 

[Show-me]

http://www.bloomberg.com/avp/avp.as...che/vJxYIrQzGc8Q.asf&vCat=/av&RND=024669495&A=

 

[Show-me]

WASHINGTON, Feb 8 (Reuters) - U.S. Treasury Secretary Timothy Geithner has postponed his bank bailout plan announcement to Tuesday to allow Congress to focus on economic stimulus legislation, the Treasury Department said on Sunday.

"The Senate votes on Monday, and economic officials administration wide will be working and consulting with senators throughout the day," the Treasury Department said in a statement. "Secretary Geithner will postpone the release of the administration's Financial Stability and Recovery Plan until Tuesday to allow for that to happen," the Treasury added. (Reporting by Mark Felsenthal, editing by Jackie Frank)

That could hurt the rally.

 

[mojo]

That could hurt the rally.

So no one will know what's in it until it's a done deal. Nice.

 

[Corepuncher]

Joe Lavorgna says this will not work and we're going right back down.

http://www.cnbc.com/id/15840232?video=1024167607&play=1

 

[Show-me]

FAZ on sale pm, got some at $39 and have another order at $32 if we get a big swing. I'm still holding my $60 FAZ for a pop.

 

[alevin]

Hey Show-Me, got a truly novice question for you the discount brokerage Roth king. I have $6K to stick into brokerage Roth account finally and I want to use it for ETFs/stocks. The only other Roth I've ever had was direct purchase mutual funds so I've never paid a commission in my life....bought and held and died in the mutual funds (2000-2003, and now 2007-2009), so hoping to do better with brokerage system.

Here's my question: Do you pay your Scott Trade commissions directly out of the Roth account when you make a trade? Is there any way to pay brokerage fees on Roth activity without directly reducing the working capital I just put into the Roth account?

Options Xpress says their fees for Roth activity must come out of the Roth account even if I have cash available in a second taxable account. How does Scott Trade handle that issue? Any different?

 

[Show-me]

Here's my question: Do you pay your Scott Trade commissions directly out of the Roth account when you make a trade? Is there any way to pay brokerage fees on Roth activity without directly reducing the working capital I just put into the Roth account?

Options Xpress says their fees for Roth activity must come out of the Roth account even if I have cash available in a second taxable account. How does Scott Trade handle that issue? Any different?

Yes.

No.

Exactly the same way as Options Xpress.

Same way.

No.

Short, sweet, and to the point.:laugh:

I don't know if it is a matter of convenience for the broker or a SEC rule.

 

[alevin]

Short, sweet, and to the point.

Love it! :laugh: The shorter and more to the point it is, the less confuzed I am! :nuts: Even if I wish there were a diffrunt answer! Can't blame a gal forr tryin. I guess that's one upside to those dang mutual fund IRAs-you can pay mgt fees with a check and don't have to pay from inside the IRA. The education continues. Thanks Show!

 

[Show-me]

Love it! :laugh: The shorter and more to the point it is, the less confuzed I am! :nuts: Even if I wish there were a diffrunt answer! Can't blame a gal forr tryin. I guess that's one upside to those dang mutual fund IRAs-you can pay mgt fees with a check and don't have to pay from inside the IRA. The education continues. Thanks Show!

Always a pleasure!

 

[Show-me]

Still short and G fund with contributions going into the market.

Good luck!

 

[350zCommTech]

Still short and G fund with contributions going into the market.

Good luck!

I doubled down at 40 on FAZ and now I'm thinking about putting a stop at 45 to guarantee some profits. Although. I think the markets might be going down for a few more days.

What do you think?