Show-me Account Talk

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12%ayear said:
If Greenspan was in charge, he would of cut several times by now. Ben is very lame and texted up. He wants to prove Greenspan wrong. Alan Greenspan is way ahead of this guy.
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If he sez he is going to act, now is as go a time as any. He set himself up to fail with that statement that the Fed will do what ever it takes. He has to be having a really stiff drink tonight, like me. Four Roses Bourbon and Coke tonight, I haven't got'n to numb ........................ yet.

I still want my tax rebate. :D
 
Show-me said:
And Uncle Ben is a idiot. We need a stimulus package immediately while I wait until the 30th to get off my a$$. LOL Day late and a dollar short, BEN. :mad:

I made a high risk play that Ben would DO something and he did nothing but talk in circles.

I stayed in for a DCB and I hope I can do some damage control. :blink:

Important: NOW IS THE TIME TO REALLY CONTRIBUTE TO YOUR TSP SO MUCH THAT YOU ARE EAT NOTHING BUT BEANS AND TATERS. YOU ARE GETTING MARCH 2007 LOW PRICES AND MORE TO COME. KICK UP THOSE CONTRIBUTIONS AND MAKE IT COUNT!!!

DON'T CRY OVER WHAT YOU LOST. BUY WHAT IS CHEAP AND/OR GETTING CHEAPER.
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I am right there with you SM. I was home today and able to watch the enitre debicle(sp) on tv. Not only did Ben talk in circles, but each Congress person seemed to want him to tell them what to do and how to do it. Seems like everyone and anyone who can do something is looking for leadership and not finding it because no one wants to be responsible.

It is almost as if Ben views the public as children and needs to hold them down while giving medicine that tastes bitter. I think I am going to be sick. :sick:
ps I am maxing out on my contributions and dca'ing. Glad I have time.
 
I'd really like to see a full 1.00 cut. Shock and Awe baby! 0.50 will be ho-hum, unless he includes language that is specific about future cuts. If you are going to cut...why not just do it all at once? Screw it! If inflation gets bad, jack the rates back up! Like inflation is suddently going to change within a 1 month period between 2 fed meetings? That is what he is making it sound like by only doing 0.25 at a time.

I too was betting on the FED doing something before the scheduled meeting. Oh well. This is the government...don't rely on it. We are in the age of accountability where you have to account for everyone, you can't hurt anyones feelings...and the keyword of the day is COVER YOUR A$$.

One good thing though...we have fallen so far so fast...that maybe the end is in sight. Another big down day like we had today and we're into the 1200's! Can you belive it? I'm fairly satisfied that I sat out about 10% of the fall, nobody can catch the exact tops and bottoms.

Good advice...crank up the contributions. I'm going from 10 to 15% tonight.
 
Maybe this little nightmare will wake him up and he will get aggressive. Just remember anything that happens today will take 6 to 12 months to really feel.
 
I've cranked mine to 20% two months ago. Is this high as it can go? I think as soon I get anoyher pay raise. I will add another 2%.
 
merlin said:
I've cranked mine to 20% two months ago. Is this high as it can go? I think as soon I get anoyher pay raise. I will add another 2%.
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No limit on percentage, just on total amount. IRS limits are $15,500 plus $5000 for 50 years and older.

Way to go Merlin!!! You are taking charge of your retirement! :D
 
merlin said:
I've cranked mine to 20% two months ago. Is this high as it can go? I think as soon I get anoyher pay raise. I will add another 2%.
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If you can afford it, go for the max. You gotta pay yourself before you pay anyone else. Look out for number 1. Show me is right..Way to go!!
 
Woohoo! Just fired up the wood stove and boy is it cool outside this morning. The ol'outside wood furnace sure did pay for itself the last 4 years.
 
As of now the OSM are cook'n and the US future are green. I see a Dead Cat Bounce (DCB) or a buy the rumor scenario today. The rumor being either a stimulus package and/or a larger than 50 basis point rate cut.

How long will it last?
 
Show-me said:
How long will it last?
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the short covering providing the only bounces the past couple weeks, ends today. I don't think we'll see anyone covering their Feb puts next week. No traders need to buy the common to cover a short position next week. Their only hedge is QID/DOG/SKF and the like. Markets will need a news miracle for a reason to long stocks. Is that mostly right -- that's how i've been hearin' it!?
 
All I can say is that these Baby Boomers that fought in Vietnam (most of your parents) and won the Cold war will probably be dead by 2040. I am a Pre Baby Boomer, are we going to take away my Medicare and Social Security along with the Baby Boomers? This is blown way out of proportion. It all boles down to TORT REFORM, the Money Grubbing Lawyers are causing this terrible inflation in health care, take them to the Gates of the City and STONE THEM TO DEATH!:nuts:
 
Tort reform could be the single greatest manipulation of our economy that exists. We have a strange, impractical notion that people who are "hurt" should be made instantly rich. Your brother died in the 9/11 terrorist attack? Here, take 4 million dollars. It might feel good, but it's imprudent. The doctor screwed up? Here's 117 million dollars. Again, it feels good but it's not necessary. The cost to the average American is massive.
 
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