Show-me Account Talk

[Show-me]

Well done. Congrats. I'm still waiting for funding to clear.

Thanks, I'm in the proverbial holding pattern also and I'm glad. I do not want to trade the FOMC meeting. There is no way of us knowing how it will go even tho I feel a retest of lows and more is coming. I'm waiting for the big capitulation.

Remember when Dr. Stangemath was quoted on Capital Hill saying that there would be small bank failures.

The Fed is desperately trying to save them.

 

[Show-me]

Video

 

[350zCommTech]

Remember when Dr. Stangemath was quoted on Capital Hill saying that there would be small bank failures.

The Fed is desperately trying to save them.

Yes, I do. Talking about giving a hint...

 

[Show-me]

I have had a excellent run and will most likely take a breather next week until the dust settles. I do not want to trade until the FOMC has given the market direction.

I must say that the CPI number seem like complete BULL!!!

I must say what a week! The Fed $200 Billion bail out, Spitzer, and BSC made of some excitement. You know things are getting bad when the guy at work that only knows what direction up is, comes to you and sez. "Did you know 70% of economist think we are in a recession and it will be a long time to get out of? I need to look at my TSP."

Sign of a bottom or more pain?

Monday is BSC earnings and Tuesday is FOMC.

My wife and my Roths are doing well. Wifes is at 12% and mine is at 32% and that is not compounded.

Getting the TSP loan @ 3.5% is the best thing I could have done. I hope you do the same.

 

[350zCommTech]

Getting the TSP loan @ 3.5% is the best thing I could have done. I hope you do the same.

Did it.

 

[nice_call]

Hi, show-me,

did you put some funds into a Roth from your TSP loan? O' ya, thanks for the YouTube posts, I had no idea people were putting out such great current info. on it...

 

[Show-me]

Hi, show-me,

did you put some funds into a Roth from your TSP loan? O' ya, thanks for the YouTube posts, I had no idea people were putting out such great current info. on it...

Welcome and you bet!

I only had a Roth for me, but opened one for my wife and funded 2007 and 2008 fully for both of us. That's $4k each for 2007 and $5k each for 2008. The limits went up $1k in 2008 and if you are over 50 you get a additional $1k catch up.

Now if I could only figure out how to roll the rest of my TSP account into a Traditional IRA.

 

[Show-me]

The Week Ahead

The Week Ahead

Last Update: 14-Mar-08 08:40 ET

Next week's main event comes on Tuesday when the Federal Open Market Committee announces its latest monetary policy decision. As of this writing, fed funds futures are pricing an 88% chance the fed funds rate will be cut from 3.00% to 2.25%. A schedule of additional economic data is viewable on our Economic Calendar.

Investment banks and brokers dominant the earnings scene for the week. Goldman Sachs (GS), Lehman Brothers(LEH), Morgan Stanley (MS), and Bear Stearns (BSC) are all due to report their latest quarterly results. Briefing.com's Earnings Calendar shows a more thorough list of companies currently scheduled to make announcements.

The stock and bond markets will be closed Friday in observation of Good Friday.
________________________________________________________________
Monday, March 17:

• Earnings: Bear Stearns (BSC), Conseco (CNO)
• Economic Data: March's New York Empire State Index; January Net Foreign Purchases, and; February Industrial Production and Capacity Utilization
• Events: None
• Conferences: Cowen Health Care Conference and Credit Suisse Asset Management Strategic Council
• Fed Speakers: None

Tuesday, March 18:

• Earnings: Gamestop (GME), Goldman Sachs (GS), Lehman Bros (LEH), Adobe Systems (ADBE), Darden Restaurants (DRI), Focus Media (FMCN)
• Economic Data: February Housing Starts; February Building Permits, and; February's Producer Price Index
• Events: None
• Conferences: Cowen Health Care Conference; Credit Suisse Asset Management Strategic Council, and; JP Morgan Aviation & Transportation Conference
• Fed Speakers: FOMC Monetary Policy Decision (2:15 PM ET)

Wednesday, March 19:

• Earnings: General Mills(GIS), Morgan Stanley (MS), Ross Stores (ROST), Borders (BGP), Cintas (CTAS), Nike (NKE)
• Economic Data: Weekly Crude Inventories (week ending Mar. 15)
• Events: None
• Conferences: Cowen Health Care Conference; Credit Suisse Asset Management Strategic Council; JP Morgan Aviation & Transportation Conference, and; Bear Stearns Global Oil & Gas Conference
• Fed Speakers: None

Thursday, March 20:

• Earnings: Barnes & Noble (BKS), FedEx (FDX), Worthington (WOR)
• Economic Data: Weekly Initial Jobless Claims (week ending Mar. 15); February Leading Indicators, and; March's Philadelphia Fed report
• Events: Options expire and Financial future & option markets close early (1:00 PM ET)
• Conferences: Cowen Health Care Conference and Bear Stearns Global Oil & Gas Conference
• Fed Speakers: None

Friday, March 21:
Stock and Bond Markets Closed
--Jeffrey Ham, Briefing.com

 

[Show-me]

Very good report from the Nightly Business Report.

http://www.pbs.org/nbr/wrapper/prog...sepath=/nbr/wrapper/program.html;prefchange=1

 

[weatherweenie]

Getting the TSP loan @ 3.5% is the best thing I could have done. I hope you do the same.

I really wished I hadn't seen that! Especially now that the rate is even lower, 3.375%.

 

[Show-me]

I really wished I hadn't seen that! Especially now that the rate is even lower, 3.375%.

Just breath, you'll be fine. Leveraging a better investment vehicle is gooood. And, the interest is paid back to yourself. You are just out a $50 loan application fee.

 

[Show-me]

UBS is on the radar too. Problem is what happens when Joe Sixpack gets wind of this and makes a run at the bank just out of fear.

 

[Show-me]

Note: On the S&P weekly chart we got a conformation below the 200 sma. Last time we got one of those was March 2001 just before a rally, then a big plunge. Will this go down in history as the subprime housing bubble after the tech bubble? A double top no less, S&P 800 here we come. It is small but it is a 10 year chart and the line is the 200 sma. Looks like one of Oscars mirror images to me. A little freaky.

View attachment 3552

 

[airlift]

Good morning Show,

I wrote to Weatherweenie earlier, until I realized that you had more information in your thread regarding a TSP loan and/or doing a roll-over to a private brokerage. Great information. Perhaps we all can get a better deal if we negotiate with several brokerage houses in order to secure the best terms for each trade and/or fees and expenses.

I have had a excellent run and will most likely take a breather next week until the dust settles. I do not want to trade until the FOMC has given the market direction.

I must say that the CPI number seem like complete BULL!!!

I must say what a week! The Fed $200 Billion bail out, Spitzer, and BSC made of some excitement. You know things are getting bad when the guy at work that only knows what direction up is, comes to you and sez. "Did you know 70% of economist think we are in a recession and it will be a long time to get out of? I need to look at my TSP."

Sign of a bottom or more pain?

Monday is BSC earnings and Tuesday is FOMC.

My wife and my Roths are doing well. Wifes is at 12% and mine is at 32% and that is not compounded.

Getting the TSP loan @ 3.5% is the best thing I could have done. I hope you do the same.

 

[airlift]

Show,

Is there still time to take advantage of funding the 2007 Roth IRA, and also the 2008 Roth for both my wife and me? Is it $4k each for 2007 and $5k for 2008, or is there an additional amount for catching up for each year at over age 50? Tia.

Welcome and you bet!

I only had a Roth for me, but opened one for my wife and funded 2007 and 2008 fully for both of us. That's $4k each for 2007 and $5k each for 2008. The limits went up $1k in 2008 and if you are over 50 you get a additional $1k catch up.

Now if I could only figure out how to roll the rest of my TSP account into a Traditional IRA.

 

[Show-me]

Show,

Is there still time to take advantage of funding the 2007 Roth IRA, and also the 2008 Roth for both my wife and me? Is it $4k each for 2007 and $5k for 2008, or is there an additional amount for catching up for each year at over age 50? Tia.

Good morning,

Yes, the IRS gives you until the tax deadline to invest in the 2007 IRA.

Yes, $4k each for 2007 and $5k for 2008 is the base plus if you are age 50 or older you can contribute a additional $1k. Not $1k for each year over 50.

 

[airlift]

Thanks Show. Btw, I know you are doing well with Scottrade, but don't you think we could get a better deal if Tom joins the effort and we shop around for the best deal we can get with the discount brokers?

 

[hessian]

Hi Show-me, up early again, huh?
Like me, just used to it I guess.

Hey been wanting to tell you - I'm still looking at those "mirrors". Expect many other/new factors going on now, & time is passing, but just focusing on above as only 1 indicator:
I'm now counting days from that last big white up-candle (last Tues) - I count ~5 trading days left yet, till the next move up (and note, then a multi-day up pattern begins!), so personally looking at the coming Friday as maybe playtime.

Again, many other/new factors now and time has passed, ...but I think still is intriquing.
(Charts easily reviewed on my Accttalk thread)
VR

 

[Show-me]

Thanks Show. Btw, I know you are doing well with Scottrade, but don't you think we could get a better deal if Tom joins the effort and we shop around for the best deal we can get with the discount brokers?

I have not heard of a brokerage account negotiating fees or trades, but might be worth a try with the large number of Fed employees.

Hi Show-me, up early again, huh?
Like me, just used to it I guess.

Hey been wanting to tell you - I'm still looking at those "mirrors". Maybe other factors going on new, time is passing, but just focusing on that as only 1 indicator:
I'm now counting days from that last big white up-candle (last Tues) - I count ~5 trading days, till the next move up (and note, then its a multi-day up pattern begins!), so personally looking at the coming Friday as maybe playtime.

Again, many other/new factors now and time has passed, ...but I think still is intriquing.
(Charts easily reviewed on my Accttalk thread)
VR

Yea, I get up between 4 and 5 even on the weekends. Body clock thing and my mom's gene pool.

The mirror's are a great tool and I have been seeing them more even in weekly charts.

I'm concerned that the FOMC is going to put the stop to the rate cuts because of the inflation. Then the CPI came out at ZERO and that means the Fed can cut 50 to 100 points. I think there is a flaw in the CPI number and it will play out next month. That and if the Fed cuts 50 plus points, the dollar will continue down and inflation will continue up. CPI will eventually come out in the wash.

 

[hessian]

Then the CPI came out at ZERO and that means the Fed can cut 50 to 100 points. I think there is a flaw in the CPI number and it will play out next month. That and if the Fed cuts 50 plus points, the dollar will continue down and inflation will continue up. CPI will eventually come out in the wash.

I agree/think the CPI number was bogus - Definitely manipulated - and that The FED, of all folks, knows it was bogus!! Will Ben do what the politicos are telling him, or will he do what is right?
I guess we'll find out.
Hate to think my hard-earned dollars are being made worth-less.
VR