Show-me Account Talk

[Birchtree]

I stand guilty as charged. Now I'll go do my six hours of volunteerism. My intention is not to be vituperative but to shine a light on a charismatic character that no one knows. Does any body really know this candidate?

 

[nasa1974]

I stand guilty as charged. Now I'll go do my six hours of volunteerism. My intention is not to be vituperative but to shine a light on a charismatic character that no one knows. Does any body really know this candidate?

Do we really know both candidates??? I do not want to get started down the political path. If I want to rant I will do it in my own account. Birch we all like your additions to our accounts and your words keep us on our toes. But for what my opinion is worth (I am no moderator). It might be best to keep your politics to your account and we can come visit anytime we need a fix. I read everyones accounts on this MB to become more educated in the ways of TSP so that I can retire somewhat comfortable. I can get political opinions and advice here at work but not intelligent infomation on TSP and the markets.

May the force be with us.

 

[Show-me]

In one ear out the other Birch. I TOLD you that we, you and I, are screwed no matter who gets elected because there will be a huge bill to pay from eight years of Pres. Bush. Bye, bye 15% and 35% capital gains tax. The next administration will have to do what ever it takes to raise revenue while make themselves look good for the next election. Two years of hell followed by two years of vote getting hand outs for all.

Hijack away folks but add content to why one candidate will effect the market and in what direction and always remember the Hatch Act while at work.

 

[Show-me]

CPI was a nice hot number.

 

[Show-me]

This ain't over yet.

COMMON SENSE
Auction-Rate Securities
And the Ugly Truth

By JAMES B. STEWART
August 14, 2008; Page D3

The big Wall Street firms are finally coming clean about the collapse of the auction-rate-securities market -- now that New York Attorney General Andrew Cuomo and other regulators have put a gun to their heads.
The truth is even uglier than I suspected.
Auction-rate securities were sold by nearly all the big firms as a slightly higher-yielding, but safe, alternative to money-market funds. They proved anything but when the auction markets froze in February, stranding thousands of investors with more than $300 billion in illiquid holdings.
As regular readers know, I was among the victims. My shares were issued by BlackRock, the asset-management firm almost half-owned by Merrill Lynch. I've since heard from hundreds of others. Wall Street's reaction was to offer to lend investors their own money -- using our other assets as collateral and charging us market rates. It was insult on top of injury.

http://online.wsj.com/article/SB121868170319039633.html?mod=googlenews_wsj

 

[Steadygain]

Re: This ain't over yet.

COMMON SENSE
Auction-Rate Securities
And the Ugly Truth

As regular readers know, I was among the victims.

I'm very sorry to hear that Show-me, as I sincerely regard you as one of the very best.

I have told countless people over the years that if everything that's hidden was fully exposed "NO ONE WOULD BE ABLE TO HANDLE THE REAL TRUTH AND THE EXTEND BY WHICH CORUPTION EXISTS"

Honestly, I'm not surprized by this.

I can't help but believe things will work out for you in the long run. The lastest catch phase is "Karma" - but I believe it's largely true; for someone like you good things will happen.

 

[luv2read]

Re: This ain't over yet.

COMMON SENSE
Auction-Rate Securities
And the Ugly Truth

As regular readers know, I was among the victims. My shares were issued by BlackRock, the asset-management firm almost half-owned by Merrill Lynch. I've since heard from hundreds of others. Wall Street's reaction was to offer to lend investors their own money -- using our other assets as collateral and charging us market rates. It was insult on top of injury.

http://online.wsj.com/article/SB121868170319039633.html?mod=googlenews_wsj

Here's a couple of articles posted on the "rescue" for auction rate securities holders.

http://www.tsptalk.com/mb/showpost.php?p=175263&postcount=138

http://www.tsptalk.com/mb/showpost.php?p=175342&postcount=143

BlackRock is the investment management firm that handled the $30B giveaway to JPM so they could buy BSC at a bargain basement price - and that continues to manage it. Also involved with the Fannie/Freddie business; also the firm that stepped in to "help" UBS. See these threads to see how well they manage everything. Links to articles posted in the threads for easy printing.

http://www.tsptalk.com/mb/showthread.php?t=5893

http://www.tsptalk.com/mb/showpost.php?p=175604&postcount=1

 

[CountryBoy]

In one ear out the other Birch. I TOLD you that we, you and I, are screwed no matter who gets elected because there will be a huge bill to pay from eight years of Pres. Bush. Bye, bye 15% and 35% capital gains tax. The next administration will have to do what ever it takes to raise revenue while make themselves look good for the next election. Two years of hell followed by two years of vote getting hand outs for all.

I agree with us being screwed with either candidate when it comes to taxes, I just don't want the screwing with a helping of old fashion socialism. I'll be hunkering down for the next 4 years, because making money ain't going to be in style.

Voiced from the safety of home base. :nuts:

CB

 

[Show-me]

Re: This ain't over yet.

I'm very sorry to hear that Show-me, as I sincerely regard you as one of the very best.

I have told countless people over the years that if everything that's hidden was fully exposed "NO ONE WOULD BE ABLE TO HANDLE THE REAL TRUTH AND THE EXTEND BY WHICH CORUPTION EXISTS"

Honestly, I'm not surprized by this.

I can't help but believe things will work out for you in the long run. The lastest catch phase is "Karma" - but I believe it's largely true; for someone like you good things will happen.

Steadygain,
That was the author of the article that was in arcs. I don't have that kind of money.

 

[CountryBoy]

Re: This ain't over yet.

I'm very sorry to hear that Show-me, as I sincerely regard you as one of the very best.

I have told countless people over the years that if everything that's hidden was fully exposed "NO ONE WOULD BE ABLE TO HANDLE THE REAL TRUTH AND THE EXTEND BY WHICH CORUPTION EXISTS"

Honestly, I'm not surprized by this.

I can't help but believe things will work out for you in the long run. The lastest catch phase is "Karma" - but I believe it's largely true; for someone like you good things will happen.

Show-me,

I've always followed and enjoyed your comments and can only echo Steady's comments on what happened to you and others. I've felt since they took the curbs off last year, that we'uns on main street were going to get a good screwing. It's not right what happened.

With only 2.5 to 6 years before retirement, I'm extra cautious on my TSP, but buying all the divvy paying stocks I can for my 2 Roth's and will just hold them until after the next 4 years or so blow over. Hopefully that'll be long enough for Cap gains taxes to swing back the other way.

CB

CB

 

[Show-me]

SLV aftermarket bid @ $13.95 for now. I feel a bounce in SLV due to the USD being over extended. Nothing goes straight up. I the order fills a very tight stop will be used because I do not see a positive reason on the charts for the dollar rally to stop.

 

[Steadygain]

Re: This ain't over yet.

Steadygain,
That was the author of the article that was in arcs. I don't have that kind of money.

Well I'm sorry for him too...

but CB and I are thrilled it's not you

 

[Show-me]

Thanks!

 

[Show-me]

SLV aftermarket bid @ $13.95 for now. I feel a bounce in SLV due to the USD being over extended. Nothing goes straight up. I the order fills a very tight stop will be used because I do not see a positive reason on the charts for the dollar rally to stop.

Own it @ 14.02 couldn't wait for a cheaper price as the dollar is way over extended and silver is way over sold. Also, there is a very large gap in the chart that needs filled and historically SLV does fill the gap. :nuts:

http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=0&mn=6&dy=0&id=p26694867262

Good luck and happy trading.

 

[Show-me]

Good stuff in this vid about XLF resistance and support.

http://stockcharts.com/h-sc/ui?s=XLF&p=D&yr=0&mn=6&dy=0&id=p26694867262

 

[Show-me]

SLV @ $13.42 now on the aftermarket, $13.50 was my original bid, but I got impatient.:blink::nuts:

 

[Show-me]

Now $13.32

 

[Show-me]

Greedy newbie mistake on my part, now I may miss my 5% scalp. I'm going to dinner. I'm posting this because if you are watching and looking for a good one day pop this would be the level to buy at. I doubt a closing price of more that -5% would happen tomorrow. Although it is expiration day in a bear market. You have 15 minutes.

 

[alevin]

SLV aftermarket bid @ $13.95 for now. I feel a bounce in SLV due to the USD being over extended. Nothing goes straight up. I the order fills a very tight stop will be used because I do not see a positive reason on the charts for the dollar rally to stop.

Show-Me, I read an explanation this morning for what's going on with silver and other "commodities". You probably are already fully aware of this explanation...http://www.tickerforum.org/cgi-ticker/akcs-www?post=56490

``It's a big shakeout in gold and silver for people who have been long but don't really believe in the commodities,'' said Mario Innecco, a trader at MF Global Ltd. in London. ``If you do it speculatively, with leverage, I don't recommend buying it now.''


``I expect commodity prices to remain subdued until mid- 2009,'' said Arjuna Mahendran, head of investment strategy at HSBC Private Bank in Singapore. ``The major issue in commodities is the proliferation of ETFs and hedge funds. As they unwind positions, this leads to the price overshooting.''


Possible Rebound

Gold (and silver?) may rebound from a slump and rally through 2010 as fabrication demand rises and on expectation the dollar will resume its decline against the euro, Citigroup Inc. said.

the bank's analysts John Hill and Graham Wark wrote in a report. ``We would be aggressive buyers at current levels expecting gold (and silver?) to work higher through 2009/10.''

 

[Show-me]

alevin,
Thank you for the information. I am getting killed today but I have been in this situation before. I am holding and add some shares to trim the average. If I can fill the last massive gap I may dump it all and pare my losses. I am not to worried yet but I will drink a number of Canada's finest tranquilizers to steady my nerves. I was to early to the party but from a chart stand point it was not a totally bad move. The additional gap down is very excessive IMO.