Silverbird's Account Talk

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Silverbird said:
nibble nibble
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Hmmmmm that sounds wonderful :toung::embarrest:

Sorry, I couldn't resist. :nuts:

Well I wanted to run something by you and see what you thought. I'm kind of numb thinking about this but at this point I am led to believe that essentially everything is boiling down between the power and dominance of Powerful Industries and the inability of Governments to control them.

Now I know that may sound too simple but:

Obama tries to put a $500,000 cap of Bank Execs.
Before the year is out the BANKS have billions set aside for the TOP guys. It is 'their industry' and the Government appears to have no power to do anything ~~~

other than BAIL them out -- for the sake of Society at large.

OIL Industry -- the same thing.

When I look at the most powerful industries -- everyone of them has paid off the Goverment Representatives (Dems/Reps/President/) and the People honestly most controlling the MONEY are tightly connected to the MONEY Industry (G.S. and the rest).

Now I am not pushing 'Socialism' - But I do believe Governments should ALWAYS have the Power over any Industry -- especially those that most intimately regulate and control society at large.

Maybe that's been obvious to everyone else for ages... but I'd love to hear your take on this ..... PLEASE ;)
 
It's a little more simple than that.

IMNSHO, regulations in the U.S. are meant to create parameters for Industry to work within, so they can do business without doing something that's going to hurt the society at large (aka: no lead in children's toys, Glass Steagall, OSHA rules).

Industry does NOT like to be regulated. It cuts into their ability to use whatever inputs they want, do whatever they want with their workers, in order to make their product or offer their service. Sometimes, their lobbying has merit (excuse me, yet another form to fill out isn't going to help anyone!). Sometimes it doesn't (Just recall Glass Steagall, that's sooo 1930s and business doesn't look like that anymore).

Remember, you go into business because you think your product or service is going to make money, because it offers something that no one else can (this includes I can offer a lower price). It isn't a matter of power (they couldn't and don't want to run governments - keep Govt out of their hair is more like it), they want to work and make money like everyone else.


Doing things just to jack your stock up for a quarter, AND lobbying coupled with the need for campaign money are the parts of all this that I don't like
 
Silverbird said:
It's a little more simple than that.

IMNSHO, regulations in the U.S. are meant to create parameters for Industry to work within, so they can do business without doing something that's going to hurt the society at large (aka: no lead in children's toys, Glass Steagall, OSHA rules).

Industry does NOT like to be regulated. It cuts into their ability to use whatever inputs they want, do whatever they want with their workers, in order to make their product or offer their service. Sometimes, their lobbying has merit (excuse me, yet another form to fill out isn't going to help anyone!). Sometimes it doesn't (Just recall Glass Steagall, that's sooo 1930s and business doesn't look like that anymore).

Remember, you go into business because you think your product or service is going to make money, because it offers something that no one else can (this includes I can offer a lower price). It isn't a matter of power (they couldn't and don't want to run governments - keep Govt out of their hair is more like it), they want to work and make money like everyone else.


Doing things just to jack your stock up for a quarter, AND lobbying coupled with the need for campaign money are the parts of all this that I don't like
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Thank You !! Silverbird

Very well put and much appreciated !
 
Well, I stuck in. I expected a selloff today, it's a Friday before a vacation, hopefully it was a hiccup and not a burp. Last year I just pulled in as soon as I saw things dropping badly, trying to keep my chips. That didn't work too well, I didn't lose, but my gains were not so good either! So now I only allow myself to move every 3 weeks.
 
Silverbird said:
Well, I stuck in. I expected a selloff today, it's a Friday before a vacation, hopefully it was a hiccup and not a burp. Last year I just pulled in as soon as I saw things dropping badly, trying to keep my chips. That didn't work too well, I didn't lose, but my gains were not so good either! So now I only allow myself to move every 3 weeks.
Click to expand...

Ohh I wish I could remember how she said it ....

...............because it sounded so much better comming from her

'Trying to jump in on a bounce ~~ will only bounce you on your head'

Have a wonderful weekend !!
 
Silverbird said:
http://www.cnbc.com/id/34921639
US Does Not Have Capitalism Now: Stiglitz
[Because now Finance has no risk]
Click to expand...

It's a system where "you socialize the losses and privatize the gains," which is not capitalism, he said.

I'd venture to guess this has been a long standing tradition stretching over hundreds of years. Surely the handful of those with Wealth and Power --- the owners and execs at the top -- have always maintained 80% or more of the World's Weath ...

... and the rest make do with the left overs. Of course you, of all people, know what it's like to live in an area like Rockville, MD ... where the price of houses are deliberately high enough to keep the neighborhoods 'good'; where the cost of living is higher than CA and most other places; and you feel 'Rich' :rolleyes: but it's always a struggle to maintain...:sick:.... yet everything is relative :cheesy:
 
Well, up to now, someone got spanked for doing it. It appears to be starting for the banks and credit cards - but it needs to go further than that.
 
OUCH. I am not pulling out with a loss. Sticking in. Percentages in stocks so low I can sit on it, even for over a year. And if it keeps falling, I can always buy some more...odd as that may sound.
 
Silverbird said:
OUCH. I am not pulling out with a loss. Sticking in. Percentages in stocks so low I can sit on it, even for over a year. And if it keeps falling, I can always buy some more...odd as that may sound.
Click to expand...

We're hugely caught up in each other :o (ohh let me clarify ;) .. I mean the Members of the MB posting to each other)

Anyway --- the sitting tight and letting things ride in the long run is always the best choice !!

Iron Stomach woman, how are you ???
 
Steadygain said:
Anyway --- the sitting tight and letting things ride in the long run is always the best choice !!
Click to expand...

Not true Steady. If I had 2 IFT's and knew before noon on Tuesday that yesterday and today were going to retract this much jumping out would have been a better choice than your best choice but my crystal ball failed me again so I chose the alternative which is the good enough. Don't you agree?
 
It's not always the best choice - if I had held on and rode the fun coaster in mid to late 2008 I would have been very very sorry. But at the time it was getting obvious there was something strange being served by the Market that "tasted like Chicken" but looked like snake. Right now though, I think we are still bouncing around and there are gaps that need filling both ways.
 
WorkFE said:
Not true Steady. If I had 2 IFT's and knew before noon on Tuesday that yesterday and today were going to retract this much jumping out would have been a better choice than your best choice but my crystal ball failed me again so I chose the alternative which is the good enough. Don't you agree?
Click to expand...

Of course I agree (invisible ink)

I'm just trying to give 'the bird' some comfort. If she' right then things are good .... if they go as I originally projected as the year started .... then her feathers will get a little ruffled. :worried::p

But in the long run (this year included) I think things will probably swing back to the good. :D;)
 
Silverbird said:
It's not always the best choice -.
Click to expand...

And that's what I love about women :)

Especially the smart ones :D:D


Of course you're right and there is absolutely no way I'd ever win an argument against you. ALWAYS was a poor choice of words.:o And of course 'The Best Choice' is highly debateable.....

..depending on your Risk Level and the barage of other factors one has to consider when dealing with a Retirement Investment.

I stand corrected
 
Did the <1% IFT, so the account is back to where it was, hoping for one more day of bank pouting and friday selloff.
66 G, 12C, 17S, 5I
No change to tracker (same as tracker)
Changed new contributions to
35C, 55S, 10I
nibble at the low prices. very small nibbles.
 
I tat I taw a puddy tat! I did! I did!
Flying around trying to pick up a bit of equity here and there is getting hairy.
:nuts:
 
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