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Show-me Account Talk
- Thread starter Show-me
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Show-me
Well-known member
I will move some to the side today, most likely 75% to the G fund. We have a ton of holidays. Passover on Monday and Good Friday on .............. Friday. April 1st has been up 13 of 15 day before Good Friday and 9 straight since 2001. Time for a reset, nothing last forever and how the week is layed out would hurt the chance as the 1st is the last trading day of the week and we know how they have been going. That might make Thursday the 1st a buy back day.
JTH
Well-known member
With the end of the quarter comming, I'm betting on the opposite early next month. We need a good old fashioned big red to flush out all the Bullish sentiment.
Show-me
Well-known member
April 8 (Bloomberg) -- Former Federal Reserve Bank of St. Louis President William Poole said the central bank played favorites when providing aid as part of efforts to stem the financial crisis.
“The Fed did not provide assistance to all on an equal basis but tilted the playing field,” Poole said in remarks prepared for a lecture at the University of Delaware, where he is a scholar in residence. “Why should the Fed have had a program to buy commercial paper from large corporations and no program to help small businesses starved for funds?”
The Fed’s program to purchase $1.25 trillion in mortgage- backed securities issued by government-sponsored enterprises probably contributed to the demise of the market for non- government mortgage-backed securities and will “complicate monetary policy in the years ahead,” Poole said.
“Much more research is necessary to determine whether the Fed made the right choices; clearly, I have my doubts,” said Poole, 72. He was president of the St. Louis Fed from 1998 until retiring from the post in March 2008, the month that Bear Stearns collapsed.
Poole expressed concern about “an appalling lack of economic literacy in Congress” and said that neither the House nor Senate versions of legislation to overhaul financial regulation address the most important shortcomings. Banks should be required to hold more long-term bonds, and tax deductions for interest should be eliminated, he said.
To contact the reporter on this story: Joshua Zumbrun in Washington at jzumbrun@bloomberg.net;
Last Updated: April 8, 2010 20:12 EDT
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ash9EdY3sfAY
“The Fed did not provide assistance to all on an equal basis but tilted the playing field,” Poole said in remarks prepared for a lecture at the University of Delaware, where he is a scholar in residence. “Why should the Fed have had a program to buy commercial paper from large corporations and no program to help small businesses starved for funds?”
The Fed’s program to purchase $1.25 trillion in mortgage- backed securities issued by government-sponsored enterprises probably contributed to the demise of the market for non- government mortgage-backed securities and will “complicate monetary policy in the years ahead,” Poole said.
“Much more research is necessary to determine whether the Fed made the right choices; clearly, I have my doubts,” said Poole, 72. He was president of the St. Louis Fed from 1998 until retiring from the post in March 2008, the month that Bear Stearns collapsed.
Poole expressed concern about “an appalling lack of economic literacy in Congress” and said that neither the House nor Senate versions of legislation to overhaul financial regulation address the most important shortcomings. Banks should be required to hold more long-term bonds, and tax deductions for interest should be eliminated, he said.
To contact the reporter on this story: Joshua Zumbrun in Washington at jzumbrun@bloomberg.net;
Last Updated: April 8, 2010 20:12 EDT
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ash9EdY3sfAY
Show-me
Well-known member
Show-me
Well-known member
Show-me
Well-known member
JTH
Well-known member
Tsunami
Well-known member
Regarding the stories about gold/silver market manipulation, for those interested Erik King has done several good interviews recently with links here: http://www.kingworldnews.com/kingworldnews/Broadcast/Broadcast.html
And in a counterpoint to those accusations/stories Jim Puplava's guests today attempted to debunk most of it. Listen to hour #1 of the Financial Sense Newshour today for that:
http://www.financialsense.com/
Per Puplava's guests, the story about gold/silver in vaults in Canada not existing is just plain wrong, and regarding the 100 to 1 leveraged trading of gold and silver, Jeff Christian explains that this is normal and is just an indication that gold and silver are considered money just like currencies which are also traded with 100 to 1 leverage.
And in a counterpoint to those accusations/stories Jim Puplava's guests today attempted to debunk most of it. Listen to hour #1 of the Financial Sense Newshour today for that:
http://www.financialsense.com/
Per Puplava's guests, the story about gold/silver in vaults in Canada not existing is just plain wrong, and regarding the 100 to 1 leveraged trading of gold and silver, Jeff Christian explains that this is normal and is just an indication that gold and silver are considered money just like currencies which are also traded with 100 to 1 leverage.
Show-me
Well-known member
Euro Rises After Greece Wins $61 Billion Aid Pledge From EU
http://www.businessweek.com/news/20...reece-wins-61-billion-aid-pledge-from-eu.html
http://www.businessweek.com/news/20...reece-wins-61-billion-aid-pledge-from-eu.html
Show-me
Well-known member
CountryBoy
Well-known member
I would think that will help the market, at least all the talking heads were always saying this was being a drag on the market. I guess we'll see.
Show-me
Well-known member
Funny thing is the dollar is rising this morning, unless my source is screwed up. Dollar rising, oil down, gold and silver rising. FTSE up but rest of Europe flat to down. Strange.
All the manipulation is on a cosmic scale and the Silver manipulation will be a blip unless people get involved. The banks did it and the shorts did it, now the metals are doing it. The have them red handed so why have we not hung someone yet?
This is a fake market but being left behind hurts.
All the manipulation is on a cosmic scale and the Silver manipulation will be a blip unless people get involved. The banks did it and the shorts did it, now the metals are doing it. The have them red handed so why have we not hung someone yet?
This is a fake market but being left behind hurts.
CountryBoy
Well-known member
I agree, this market is being artifically propped up, but I jumped in anyway as some others did also, cause as you said, it hurt loosing out on the run. My finger is on the trigger though.
grandma
Well-known member
How the heck do you use this Stock Almanac? I went into shock (habit of mine) when I saw the price, but bought it anyway.
Now, looking at it, I am wondering how to start. I am also wondering if this is a benefit only to those who trade outside of the TSP.
I see you can't skip the introduction; but is there a prefered order for tackling this book? Is it necessary for me to read the pages associated with these past 3 month's calendars?
The strategy calendar - is that your plans/expectations to do?
Well, any hints you can give me -
including `return the book!'
Now, looking at it, I am wondering how to start. I am also wondering if this is a benefit only to those who trade outside of the TSP.
I see you can't skip the introduction; but is there a prefered order for tackling this book? Is it necessary for me to read the pages associated with these past 3 month's calendars?
The strategy calendar - is that your plans/expectations to do?
Well, any hints you can give me -
including `return the book!'
Last edited:
Show-me
Well-known member
Grandma,
Just use the historical data on the calendar to get you started. Look at one to four weeks ahead and you can see trends and which periods are better.
Read the bio and the beginning of each month. It will tell you how that month ranks out of the 12 and give you a nice graph to show how the month fairs.
Jot down simple notes in the calendar and that is all I do writing wise.
The key is to look ahead and eventually go back a read some on the historical back stories.
Just use the historical data on the calendar to get you started. Look at one to four weeks ahead and you can see trends and which periods are better.
Read the bio and the beginning of each month. It will tell you how that month ranks out of the 12 and give you a nice graph to show how the month fairs.
Jot down simple notes in the calendar and that is all I do writing wise.
The key is to look ahead and eventually go back a read some on the historical back stories.
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