Show-me Account Talk

[Tomncath]

But, if inflation is out of control, weak dollar, we will have trouble getting the two-thirds consumer driven income into first gear of the recovery.

IF we hit that 20% mark, based on 7 major bear markets:

Shortest Recession recovery period - 2.7 months
Longest - 5.8 years
Average - 2.6 years

 

[Show-me]

Re: This week will be boring ED and earnings wise.

Hi Barney, ok you've got my curiosity up. I thought Sharebuilders was for stocks. What do you buy for a moneymarket sharebuilder account? I'm about ready to start saving again outside TSP, it's been awhile but I anticipate having my house paid off by next month so will have new cash to sock away somewhere else, woohooo! Maybe MM first in lieu of savings acct-I'll be needing to rebuild cash stash before I get to ROTH this year. Enlightment re mm account logistics w/Sharebuilders would be much appreciated.

Very big congratulations on paying off the house! Well done!!!

 

[Show-me]

IF we hit that 20% mark, based on 7 major bear markets:

Shortest Recession recovery period - 2.7 months
Longest - 5.8 years
Average - 2.6 years

I did the math yesterday and we are at 19.2% and we need to hit 1260.87 or there abouts to make it to -20%.

 

[Show-me]

Are the futures green because of this:


AP
Economists See US Avoiding Recession
Tuesday March 11, 7:36 am ET
By Alex Veiga, AP Business Writer Economic Forecast Sees Prolonged Housing Woes but No Recession in 2008
LOS ANGELES (AP) -- The U.S. economy will suffer as the slumping housing market eats away at job creation and consumer spending, but the nation should avoid slipping into a recession this year, according to a new economic report.

http://biz.yahoo.com/ap/080311/economic_forecast.html

Or this:

Scandal Puts Spitzer's Career in Danger

By AMY WESTFELDT – 38 minutes ago
NEW YORK (AP) — Gov. Elliot Spitzer's prostitution scandal came just over a year since he stormed into the governor's office, vowing to root out corruption in New York government.
But his first year in office was pockmarked by tumult, and the latest scandal raised questions about whether he can make it through a second year.
The first-term Democrat was caught on a federal wiretap arranging to meet a prostitute from a call-girl business, according to a law enforcement official who spoke to The Associated Press on condition of anonymity because the investigation is still going on.
Spitzer allegedly paid for the call girl to take a train from New York to Washington — a move that opened the transaction up to federal prosecution because she crossed state lines.

http://ap.google.com/article/ALeqM5gvseu7uDYI9vGyMHJCo51IdS-4twD8VB6G880

 

[poolman]

Are the futures green because of this:


AP
Economists See US Avoiding Recession
Tuesday March 11, 7:36 am ET
By Alex Veiga, AP Business Writer Economic Forecast Sees Prolonged Housing Woes but No Recession in 2008
LOS ANGELES (AP) -- The U.S. economy will suffer as the slumping housing market eats away at job creation and consumer spending, but the nation should avoid slipping into a recession this year, according to a new economic report.

http://biz.yahoo.com/ap/080311/economic_forecast.html

Or this:

Scandal Puts Spitzer's Career in Danger

By AMY WESTFELDT – 38 minutes ago
NEW YORK (AP) — Gov. Elliot Spitzer's prostitution scandal came just over a year since he stormed into the governor's office, vowing to root out corruption in New York government.
But his first year in office was pockmarked by tumult, and the latest scandal raised questions about whether he can make it through a second year.
The first-term Democrat was caught on a federal wiretap arranging to meet a prostitute from a call-girl business, according to a law enforcement official who spoke to The Associated Press on condition of anonymity because the investigation is still going on.
Spitzer allegedly paid for the call girl to take a train from New York to Washington — a move that opened the transaction up to federal prosecution because she crossed state lines.

http://ap.google.com/article/ALeqM5gvseu7uDYI9vGyMHJCo51IdS-4twD8VB6G880

I would say in addition to this. S&P is sitting on support and we have an fomc meeting 6 business day's including today. The Economic Calender looks pretty heavy for Thursday and Friday. :blink:

 

[Show-me]

I keep hearing people say that the Fed could cut early. Is it that bad! LOL

This Spitzer BS is taking focus off of the economy.

 

[Show-me]

I removed my stop on SDS cuz I think it will gap down big time and come back.

Or the S&P will gap up big and come down. I got greedy and missed my chance to sell yesterday. Lesson learned. Thanks Dr. Strangmath!

 

[Barney]

Re: This week will be boring ED and earnings wise.

ditto!

Hi Barney, ok you've got my curiosity up. I thought Sharebuilders was for stocks. What do you buy for a moneymarket sharebuilder account? I'm about ready to start saving again outside TSP, it's been awhile but I anticipate having my house paid off by next month so will have new cash to sock away somewhere else, woohooo! Maybe MM first in lieu of savings acct-I'll be needing to rebuild cash stash before I get to ROTH this year. Enlightment re mm account logistics w/Sharebuilders would be much appreciated.

Alevin and anidoc, I did not want to use Show-me's thread so please see my reply in my Account Talk

 

[350zCommTech]

I removed my stop on SDS cuz I think it will gap down big time and come back.

Or the S&P will gap up big and come down. I got greedy and missed my chance to sell yesterday. Lesson learned. Thanks Dr. Strangmath!

They're trying to give us another great shorting opportunity.

 

[Show-me]

This could be a way of the Fed setting us up for a really bad CPI number and a lower that expected rate cut to compensate.

 

[Show-me]

TSP: 100% F Fund

 

[Frozen]

I removed my stop on SDS cuz I think it will gap down big time and come back.

As SDS is set up on shorts, how can such a fund be down 4% YTD over a period where the equities have tanked?

 

[Show-me]

I removed my stop on SDS cuz I think it will gap down big time and come back.

As SDS is set up on shorts, how can such a fund be down 4% YTD over a period where the equities have tanked?

It is incorrect.

 

[hessian]

Hi Show-me,
We'll I stuck to my plan - as they say to do.
As hoped, may even get into "F" today -with a decent price.
We'll see I guess!
VR & GL w yours.

 

[Show-me]

Hi Show-me,
We'll I stuck to my plan - as they say to do.
As hoped, may even get into "F" today -with a decent price.
We'll see I guess!
VR & GL w yours.

Nice trade!

 

[poolman]

Hi Show-me,
We'll I stuck to my plan - as they say to do.
As hoped, may even get into "F" today -with a decent price.
We'll see I guess!
VR & GL w yours.

Good Going there Hessian. Quite a powerful Move. Careful Now.

 

[Show-me]

Stupid and greedy, thats me.

I removed my stop on SDS cuz I think it will gap down big time and come back.

Or the S&P will gap up big and come down. I got greedy and missed my chance to sell yesterday. Lesson learned. Thanks Dr. Strangmath!

On second thought I am greedy and apparently very stupid.

First, I think this is BULL **** and the Fed set up the shorts again. Intra day we were 3 point from the last technical support level of 1270 and the morning after a 20 point flush the Fed dreams up a new deal that on the surface seems to bail out the institutional bank buddies or is positioned to take the edge off of a super high CPI number of Friday.

If the CPI does come in HOT, I would say that the Fed knew and this was their attempt at a preemptive strike cuz they ain't going to give the market a 75 point cut cuz inflation is getting out of control. Sidebar: Gas went up over 30 cents here today.

Perhaps the Fed has gotten word that some banks are on the verge of going under. The auction starts on the 27th, in the mean time hold your breath.

Bail out! This is a shell game and a bail out! The tax payer is going to get packaged risky mortgage security in exchange for super safe Treasuries. I wonder if they default on the "loan" if the tax payer will be compensated?

Moral of story and note to self. Stops are there to protect your profits...............stupid. I am still up 1.8% but that is a long ways from being up 9.7%.

I fully plan to finish off the bottle of apple snaps my friend brought back from Germany last week.

Good luck.

PS, I don't thinks this BS rally will hold water in the long term. All the same problems exist.

 

[Show-me]

My move to F was strictly chart mirror double bottom and I don't like going against Z on this move. May be only one day.

 

[mojo]

Who can tell anything with the the Fed and CNBC waving their magic wands around. I went in F COB today maybe just 1 day. Optionman went in F too so who knows maybe a good move.

 

[350zCommTech]

My move to F was strictly chart mirror double bottom and I don't like going against Z on this move. May be only one day.

Show-me,

You know how I feel about this Fed move. I posted a chart of the S&P after the market closed. It clearly shows 1340 area as major resistance. A little above that is the 50dma. I'm thinking about going back to F for Thursday.