Show-me Account Talk

[mick504]

Re: Catching Argentinian Disease by John Mauldin

The 'realistic' line on the chart looks more like actual. Have you every heard of a govt program and costs what they say it will. Don't forget the add-ons, amendments etc. It's the typical get you to sign/vote on the dotted line...and then the increases start. Then they can say what great things they did to save the American family....but are lying about the true costs. Same ole crap....to fool the public. Good post on your part. I am concerned about the resetting of mortgage rates next year...2010. Gloomy!

 

[Show-me]

Oscar thinks things are getting shaky.

Oscar thinks things are getting shaky. He did not like the reversal of the GDP reversal. That call he made was spot on!

http://www.youtube.com/watch?v=0BAUEWUIgIQ&feature=sub

 

[love-to-bike]

Hey Show - glad to hear you are alright - you've sure been busy of late!

I see we made the top 5 for the month of October, Friday took a pretty big chunk out of people's accounts.

 

[JTH]

Re: Oscar thinks things are getting shaky.

Oscar thinks things are getting shaky. He did not like the reversal of the GDP reversal. That call he made was spot on!

Good to see you back around here, you've been missed!

Since the March bottom Oscar has been on his A-Game.

 

[Show-me]

Hello,

I never left, just need a time machine or day stretcher.

 

[Show-me]

Ron Paul

For seniors, it is a different story. Economist John Williams of Shadow Government Statistics has estimated that if the original methodology of CPI had not changed, Social Security checks would be nearly double what they are today. This represents a lot of money that politicians have been able to literally steal from seniors, to spend on their own wasteful programs. One example of how they do this is to substitute hamburger for steak, which lowers the average price of that basket of goods. But living on hamburger, or maybe dog food, instead of steak does not represent a constant standard of living. This renders the measurement virtually meaningless, even though politically it comes in very handy.

I have introduced legislation to keep politicians in Washington from ever raiding the Social Security trust fund again. HR 219 The Social Security Preservation Act would assure that all monies collected by the Social Security Trust Fund would only be used in payments to beneficiaries, or be placed in interest bearing certificates of deposit. This would at least stop the bleeding of the fund, and take away some incentive to tease and torture the numbers in order to give seniors the minimal amount. This would also cut off a source of funding for government growth, so it is not likely to get easy support from many politicians.

It is bad enough that Washington imposes high payroll taxes on American workers. The least Congress could do is use the tax dollars for their stated purpose. Instead, seniors will have a harder and harder time trying to survive on a fixed income in an economy based on variables and deception. For them, it is too late to start over. Today's young people will be forced to pay into the system for years to come. The first step towards solving the impending crisis facing Social Security is to stop politicians from raiding the trust fund and to significantly cut federal government spending.

http://www.safehaven.com/article-14908.htm

 

[KevinD]

The first step towards solving the impending crisis facing Social Security is to stop politicians from raiding the trust fund and to significantly cut federal government spending.

Like thats ever gonna happen... It would take a revolt...an armed revolution. And that ain't ever gonna happen either.

 

[Show-me]

Kevin,
At least we have one in DC that has some common sense and discipline to do the right thing. Now it is up to the rest of us to find a candidate in our area to join Ron Paul in the House.

 

[Show-me]

My two cents.

Chart are saying ewww to me. Dow Trans is not even attempting to rally back to the 50 dma and the double top is plain to see.

http://stockcharts.com/h-sc/ui?s=$TRAN&p=D&yr=0&mn=6&dy=0&id=p26694867262

C fund tried yesterday to break out above the 50 dma, but fell short by a fraction of a point and that is very concerning to me as support is now acting like resistance.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p26694867262

The S fund is confirming and shows a perfect double top.

http://stockcharts.com/h-sc/ui?s=$EMW&p=D&yr=0&mn=6&dy=0&id=p51972347693

I fund confirms double top and resistance at the 50 dma.

http://stockcharts.com/h-sc/ui?s=EFA&p=D&yr=0&mn=6&dy=0&id=p51972347693

US dollar has rallied but is stuck below the 50 dma and above the 20 dma. I don't see the dollar rallying back at this point. I heard a rumor that the Fed will raise rates 25 bases point which could account for the mini rally.

http://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=0&mn=6&dy=0&id=p51972347693

At this point I don't see a good entry point for this months trade because the channel is being tested to the down side and the Dow Trans is not leading the rally. It is tempting, but not as good as I like. Plus we are coming to a end of earning season.

November is seasonly strong but tell that to the folks that were in last November.

Will the smart money take profits after this huge run up?

 

[Show-me]

Berkshire's $34 billion investment in BNSF is a huge bet on that company, CEO Matt Rose and his team, and the railroad industry," Buffett said in a statement.

"Most important of all, however, it's an all-in wager on the economic future of the United States. I love these bets," he said.

Berkshire Hathaway already owns about 22 percent of Burlington Northern, and said it will pay $100 a share in cash and stock for the rest of the company, a 31.5 percent premium on Burlington Northern's Monday closing price. Shareholders have the option to convert their stock for a cash payment of $100 per share or receive Berkshire Class A or Class B common stock. Up to 60 percent of the deal is cash and 40 percent is in stock.

http://finance.yahoo.com/news/Berks...YXQ-?x=0&sec=topStories&pos=main&asset=&ccode=

 

[fedgolfer]

Show-me,

Does Buffett's purchase of Burlington change your short term/mid term outlook? Tran should gap open to the upside maybe as much as 4% if you use IYT pre-market. So there's at least one accumulator, accumulating out in the open. He doesn't perfectly time the bottoms, but the markets are usually up significantly several months after his huge buys.

 

[Show-me]

This may be outside my realm of knowledge. He bought the company lock stock and barrel so now I would think it will go private and not public. He is not a shareholder, he owns it all.

Someone help me out here, I don't see any companies the Berkshire fully owns as publicly traded.

 

[Birchtree]

I now wish I hadn't sold my CSX - it will benefit from collateral gains. The whole industry will benefit and that will help me in different companies I own.

 

[Show-me]

The positive drafting could only be temporary irrational exuberance because the Oracle spoke. lol Look at the earnings reports from the RR. They are less exuberant about the recovery than most.

The 5% pop on the Dow Trans was due to BNI, UNP, NSC, and CSX. All railroads. It is artificial because Warren wanted the BNI and was willing to pay the premium. Once it is delisted and goes private the Trans will not benefit from the news and will need cold hard facts. Railroads need consumers to buy crap so that they can ship it from the docks to middle America. Railroads need manufacturers to make crap so that electric companies use more coal.

A one or two day pop in the Tran does not make a new trend. I will be watching.

 

[Show-me]

Remember Buffet also bought GE at $22 and it sits at $14 right now. His saving grace is the 10% guaranteed divey.

 

[Show-me]

He is brilliant but a long term player with deep pockets to buy a entire class A railroad.

 

[Show-me]

I see the USD pierced the 50 dma and that makes me think it will be heading down again. Read a great piece int he WSJ about the dollar and market correlation. Dollar down, market up.

 

[mayday]

He is brilliant but a long term player with deep pockets to buy a entire class A railroad.

Kind of like playing monopoly.

 

[mayday]

I see the USD pierced the 50 dma and that makes me think it will be heading down again. Read a great piece int he WSJ about the dollar and market correlation. Dollar down, market up.

I saw that the fed has the say on where this market is going to go tomorrow. Dollar up or down.

 

[CountryBoy]

I now wish I hadn't sold my CSX - it will benefit from collateral gains. The whole industry will benefit and that will help me in different companies I own.

I wish I'd kept my BNI.