Show-me Account Talk

[FUTURESTRADER]

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,

The letter does contain 3 TSP-50s, but the letter also says that if you try to electronically transfer next month, you be linked to an online TSP-50 to download. So I would 'leave it there to rot" as Dennis so eloquently put it. Also, I posted the letter verbatim somewhere on this board.

The TSP-50 has the mailing address on it
Thrift Savings Plan
P.O. Box 385021
Birmingham, AL 35238

 

[350zCommTech]

Heads up concerning Ultras such as SDS.

In KD's(tickerforum) video last night, he advised serious caution if you're holding any of these Ultras. It has something to do with counter party risk with UBS I think. I will be unloading what I have on Monday whether I have a gain or not.

 

[Show-me]

Show,
I am just learning on CNN of the floods. I hope you are not affected. My prayers for all persons affected.

I'm fine! I live on a big hill and the storm was south of us. We just got a sprinkle.

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?

I plan to not sign for mine. I'm not make'n it easy for them.

 

[Show-me]

Heads up concerning Ultras such as SDS.

In KD's(tickerforum) video last night, he advised serious caution if you're holding any of these Ultras. It has something to do with counter party risk with UBS I think. I will be unloading what I have on Monday whether I have a gain or not.

I did read some thing in the last week, I think in the WSJ, about that and I did not follow up on it. I will now.

 

[Show-me]

Heads up concerning Ultras such as SDS.

In KD's(tickerforum) video last night, he advised serious caution if you're holding any of these Ultras. It has something to do with counter party risk with UBS I think. I will be unloading what I have on Monday whether I have a gain or not.

I have not read this yet but is what I was talking about.

http://online.wsj.com/article/SB120580724074144217.html?mod=googlenews_wsj

 

[350zCommTech]

I have not read this yet but is what I was talking about.

http://online.wsj.com/article/SB120580724074144217.html?mod=googlenews_wsj

Yes, that is a similar problem but it relates to regular ETFs. The potential problem with UBS, if they go under like BSC, is that we might not be able to settle our SDS in a timely fashion, or maybe not at all. I don't fully understand the situation, but from what I've read, UBS is the counter party to Ultra Proshares. If UBS blows up, there are huge unknowns. If an expert like KD says to get out of them, that is what I'm going to do.

 

[Show-me]

I'm finding the JPM is the administrator and cutodian to ProShares.

 

[Show-me]

The Week Ahead

Last Update: 20-Mar-08 09:24 ET



The central bank continues its efforts to add liquidity to the financial markets next week. The Fed will be offering $50 billion via Term Auction Facilities (TAF) and another $200 billion through its Term Securities Lending Facility (TSLF).
In terms of hard data, both new and existing February home sales are due in the coming week. February's durable goods orders and consumer expenditure data are also scheduled for release. Lastly, the final fourth quarter GDP reading is due; no changes are expected. Readers seeking additional information on economic data should view our Economic Calendar.
A wide range of industry groups are represented on the earnings calendar in the coming week when Tiffany & Co. (TIF), Walgreen(WAG), Oracle (ORCL), Accenture (ACN), and ConAgra (CAG) hit the wires with their latest results. Briefing.com's Earnings Calendar provides an extensive list of tentative and confirmed earnings announcement dates.
________________________________________________________________
Monday, March 24:

• Earnings: Tiffany & Co. (TIF), Walgreen (WAG), Phillips-Van Heusen (PVH), Sonic (SONC)
• Economic Data: February Existing Home Sales
• Events: Fed auctions $50 billion in Term Auction Facilities
• Conferences: None
• Fed Speakers: None

Tuesday, March 25:

• Earnings: Fortress Investment Group (FIG), Jabil Circuit (JBL)
• Economic Data: Conference Board's March Consumer Confidence Report
• Events: None
• Conferences: Credit Suisse Leveraged Finance Conference
• Fed Speakers: None

Wednesday, March 26:

• Earnings: Oracle(ORCL), Paychex (PAYX)
• Economic Data: February Durable Goods Orders; February New Home Sales; Weekly Crude Inventories (week ending March 22)
• Events: None
• Conferences: Credit Suisse Leveraged Finance Conference and JP Morgan Gaming and Lodging Conference
• Fed Speakers: Chicago Fed President Evans addresses economists in NY (12:00 PM ET) and Dallas Fed President Fisher discusses the Fed and the regional economy in TX (1:00 PM ET)

Thursday, March 27:

• Earnings: ConAgra(CAG), Lennar (LEN), Accenture (ACN), Apollo Group (APOL), Red Hat (RHT), Steelcase (SCS)
• Economic Data: Final Fourth Quarter GDP Report with Chain Deflator and Weekly Initial Jobless Claims (week ending March 22)
• Events: Fed initiates $200 billion Term Securities Lending Facility offering
• Conferences: Credit Suisse Leveraged Finance Conference and JP Morgan Gaming and Lodging Conference
• Fed Speakers: Minneapolis Fed President Stern speaks about U.S. economic outlook in London (12:00 AM ET); Cleveland Fed President Pianalto speaks at forum held by University of Dayton in OH (12:00 PM ET); Atlanta Fed President Lockhart discusses the economic outlook in TN (12:20 PM ET)

Friday, March 28:

• Earnings: No reports of note
• Economic Data: February Personal Income and Consumption Report and University of Michigan Revised March Consumer Sentiment Survey
• Events: None
• Conferences: Credit Suisse Hong Kong Conference
• Fed Speakers: None

--Jeffrey Ham, Briefing.com

 

[Show-me]

Central banks mull buying mortgages: report

NEW YORK (MarketWatch) -- The U.S. Federal Reserve and its European counterparts are talking about the practicality of using public money to buy large quantities of mortgage-backed assets to clean up the credit mess jeopardizing global economic growth, the Financial Times reported Saturday.


The discussions are preliminary, with the Bank of England seen as the most anxious to pursue the concept and with the European Central Bank far less eager, the report said without citing sources.
The Fed, which has taken a series of steps in recent weeks to offset the crisis, is reportedly open to the idea, but does not yet view the situation as dire enough to warrant such action, the report said.
The report said some analysts believe the Federal Reserve could take further steps to bolster liquidity to the market, while the U.K.'s ability is limited as the country lacks entities equivalent to the U.S. Federal Housing Administration, Fannie Mae and Freddie Mac.
The U.K. government recently stepped into the troubled mortgage market in a big way by nationalizing mortgage-lender Northern Rock.

Kate Gibson is a reporter for MarketWatch, based in New York.

http://www.marketwatch.com/news/sto...x?guid={19410245-4C72-499F-B3AA-145238C529CC}

 

[Show-me]

Wow, it must be on the verge of getting really, really bad. They want to blatantly "bailing out" someone.

Where is the SEC, GAO, FBI? Where are all the conservative talk show hosts on this waste of taxpayer money? If the taxpayer is bailing them out the taxpayer should get a cut like the Dubai Group did. I want my 9% guarantied dividend and a additional 15% premium when the stock converts from preferred to common.

 

[Show-me]

Free ride to the corporations and the taxpayer get the puny "stimulus" check...................in May.

 

[fabijo]

Free ride to the corporations and the taxpayer get the puny "stimulus" check...................in May.

!@&*

 

[Show-me]

Bank of England Seeks to Ease `Strains' in Markets (Update2)

By Reed V. Landberg
March 22 (Bloomberg) -- The Bank of England said it's in discussions with other central banks about how to ``ease the strains'' in financial markets, although it's not considering requiring taxpayers to assume credit risks.
Britain's central bank said it is ``not among'' those that the Financial Times reported earlier today were contemplating the purchase of mortgage-backed securities to smooth lending to consumers after a worldwide surge in borrowing costs. The Federal Reserve also denied it's in discussions to buy such debt.
``We have been examining a number of other options, but it is too early to go into any detail,'' the London-based Bank of England said in a statement. ``The bank is not among those reported today to be proposing schemes that would require the taxpayer rather than banks to assume the credit risk.''

http://www.bloomberg.com/apps/news?pid=20601085&sid=ayU4kWHJjiFc&refer=europe

 

[350zCommTech]

let's all say RTC! Only diff is we are getting worthless paper...not the hard assets.

Well, they're not exactly worthless. 9 cents or 13 cents to the dollar is still something, right?..........

http://www.markit.com/information/products/category/indices/abx.html

View attachment 3589

View attachment 3590

View attachment 3591

News Release
FOR IMMEDIATE RELEASE
19 December 2007

New York, NY- Markit, the leading provider of independent data, portfolio valuations and OTC
derivatives trade processing and owner of the Markit ABX.HE index, today announced that the roll of
the Markit ABX.HE has been postponed for three months. The Markit ABX.HE is a synthetic index of
U.S. home equity asset-backed securities.

The new series, the Markit ABX.HE 08-1, was scheduled to launch on 19 January 2008. The decision
to postpone its launch was taken following extensive consultation with the dealer community. It
follows a lack of RMBS deals issued in the second half of 2007 and eligible for inclusion in the
forthcoming Markit ABX.HE roll. The Markit ABX.HE 07-2 remains the on-the-run series until further
notice.

Under current index rules, only five deals qualified for inclusion in the Markit ABX.HE 08-1. Markit
and the dealer community considered amending the index rules to include deals which failed to
qualify initially but decided against this approach at this time.
Markit and the dealer community remain fully committed to the index and will update the market as
and when appropriate.http://www.markit.com/information/products/category/indices/abx/contentParagraphs/04/document/20071219%20Markit%20ABX.HE.pdf

 

[McDuck]

Wow, it must be on the verge of getting really, really bad. They want to blatantly "bailing out" someone.

Where is the SEC, GAO, FBI? Where are all the conservative talk show hosts on this waste of taxpayer money? If the taxpayer is bailing them out the taxpayer should get a cut like the Dubai Group did. I want my 9% guarantied dividend and a additional 15% premium when the stock converts from preferred to common.

AMEN !

 

[Show-me]

 

[airlift]

Show,
You state that you are in your Roth: SDS @ $65 and $64. LIMIT ORDER @ $69 and $70 respectively.

To undestand this, is it correct to say that you raised the limit order counting on a rally before selling? Thanks.

 

[Show-me]

Show,
You state that you are in your Roth: SDS @ $65 and $64. LIMIT ORDER @ $69 and $70 respectively.

To undestand this, is it correct to say that you raised the limit order counting on a rally before selling? Thanks.

I bought at 65 and 64. My limit "sell" order is for 69 and 70.

 

[Show-me]

 

[Show-me]

You must read this if you are following my game plan.

Now, here is a post you NEED to read. I totally agree with it and you MUST be dedicated to playing the leveraged longs and shorts. If not you need to stick with the B&H strategy. Trading is not for everyone and is for the dedicated and lucky.

Next, I will tell you that I am not a teacher of any sort. Some things I do and can not explain why I did it until after the fact and some times not even then. If the market spanks my ass big time and yours for following me and I hear about it my reply will be very short and to the point. That said I have NO EXPERIENCE AT TRADING AND AM LEARNING MYSELF.

Think long a hard about trading with your retirement cuz I already have and I know the risks. If you're a few years from retiring you should not be trading or learning to trade. That is the best advice you will get from me.

Good luck and do your homework.


Robo's GREAT POST!
http://www.tsptalk.com/mb/showpost.php?p=156935&postcount=1247