Show-me Account Talk

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2:35 pm : The major indices climb to their best levels of the session. The New York Fed has announced modifications to its new Term Securities Lending Facility (TSFL). The TSFL auctions will now allow schedule 2 collateral, instead of the schedule 1 collateral previously proposed. Schedule 2 collateral will now include collateralized mortgage obligations (CMOs) and AAA rated commercial mortgage-backed securities
In other words, the Fed will be lending banks highly liquid Treasury securities in exchange for less liquid assets. Banks will now be able to use a wider range of collateral than previously announced. The first auction will take place on March 27.

Does this have the smell of 'Junk Bonds' to anyone else besides me?
 
Very disappointing day but not a complete loss. Originally I did not think we would get out buy until today and we are back to square one. I will move my stop back in.

If I stop out I will try again.
 
What I see. A bounce, that's all.

USD headed to the 20 dma, USO headed to the 50 dma. AGG still showing a nice double bottom. The S&P whipping back up to the 20 dma. The Fed bailing out a bunch of greedy bastards and I'm still waiting on my stimulus check.

NY Empire Index weaker, production falls, building permits weak, PPI hot, Fed a bunch of whores, and Initial Claims very hot. I'm still not buying it yet, but will take my lick when necessary.
 
Trading junk for cash. What a deal.
Hey Show-me,
No kidding - you were a US Marine?
Blue max too? Awesome! I'm a Navy civilian, (.mil), work w/ USFF!

Anyway, wondering, if its "junk" why is the F-Fund up??
Strange bailout scenario, cash for junk, expect opposite but the market seems to like it??
Seems odd, any thoughts why?:suspicious:
PS
See my AcctTalk also for sanity-check on Inflation - basically all lies.
 
Hey Show-me,
You kidding - you were a Marine?
Blue max too? Awesome! I'm a civilian, Navy (.mil)
Anyway, wondering, if its "junk" why is the F-Fund up??
Bailout, cash for junk, expect opposite, but the market seems to like it??:suspicious:

I know it's hard to believe. "Walk my post from flank to flank and take no s**t from any rank." :nuts: Six years Avionics on OV-10's.

I don't understand it. I figure Options Expiration must of had a effect.
 
I don't understand it. I figure Options Expiration must of had a effect.

I think it was OPEX also. OSM finished down 1% while the Dow was up 100 and bond yields were dropping all day, up to the early close. The huge drop in commodities in last few days should be a concern.

Did you see the after hours action in SDS?:)
 
350Z,
No I missed it what happened? You get some? Also, my STA said this week was a bullish week from day one.
 
350Z,
No I missed it what happened? You get some? Also, my STA said this week was a bullish week from day one.

SDS up 1%.
QID up 1%

S&P futures down 6.
Nasdaq futures down 8.

I picked up some SDS, but did it too early in the day. I hope they will pay off come Monday.:D
 
Show,
Although I initially posted the question on 350's thread, I am taking the liberty of posting it in your thread also, due to the importance of the issue. Perhaps you or someone else can help me grasp the essence of paper trading. Thanks!

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Re: 350zCommtech's Account Talk
350,
After you suggested paper trading and posted the link https://www.thinkorswim.com/tos/disp...age=paperMoney I have not had the time to practice.. I plan to start learning how to best use the practice weblink now that I have some time during the weekend. Is there someone already doing the paper trading practice that can give me a short run-down on how to use it best and most efficiently? I guess it's best to practice the dry runs by picking SDS, or another symbol, and use it parallel to the trading day. I just want a little better understanding. Thank you. :)
 
Show,
Although I initially posted the question on 350's thread, I am taking the liberty of posting it in your thread also, due to the importance of the issue. Perhaps you or someone else can help me grasp the essence of paper trading. Thanks!

icon1.gif
Re: 350zCommtech's Account Talk
350,
After you suggested paper trading and posted the link https://www.thinkorswim.com/tos/disp...age=paperMoney I have not had the time to practice.. I plan to start learning how to best use the practice weblink now that I have some time during the weekend. Is there someone already doing the paper trading practice that can give me a short run-down on how to use it best and most efficiently? I guess it's best to practice the dry runs by picking SDS, or another symbol, and use it parallel to the trading day. I just want a little better understanding. Thank you. :)

Practice is the best thing you can do in trading. I suck at disciplined trading I want to squeeze every penny I can out of a trade and Robo has tried and tried to teach me to take nibbles. I should have taken one of those nibbles Wednesday.

You can use the SPY and SH is you are nervous and the SSO and SDS if you use tight stops and don't get greedy like me.
 
They sent me a postal card saying that I was not home to receive the letter from thrift savings. It could be the restriction for my IFT.

Question:

Should I pick it up and sign it because it might contain an address & a form for me to fill up to do IFT by SNAIL MAIL? Or just keep ignoring the letter and hope that I can still IFT unlimited using electronically?
 
They sent me a postal card saying that I was not home to receive the letter from thrift savings. It could be the restriction for my IFT.

Question:

Should I pick it up and sign it because it might contain an address & a form for me to fill up to do IFT by SNAIL MAIL? Or just keep ignoring the letter and hope that I can still IFT unlimited using electronically?

True, If I may give my humble opinion concerning your certified letter.
Should they be able to prove the attempt to notify you, they may treat
this just like a Collection Agency. In other words, the restrictions "may"
be imposed anyway. The Collection Agencies Lawyers could still freeze
your checking account under the same scenario. Should you fight the
fact that you were never notified, a reasonable attempt may be all they
need to justify their actions to any court you may take them to. This is
again, my simple opinion and claim no previous experience.
 
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