More interested in American Idol and NASCAR?:laugh:
Ouch ! :nuts:
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Squalebear's Account Talk
- Thread starter Guest2
- Start date
Ouch ! :nuts:
With over 60 IFT's for the year and the fact that I was convinced a Bill
would pass, maybe I would have fallen into a huge loss myself. In fact,
given my history, Its more likely then not. Great point. Hind sight is 20/20
and I guess that I should be greatful myself.
Futures look good for a bounce. I'm truly hoping for a record up day
for everyone. If not, maybe the timing will work out for me to stick
my toes into the water at 12 noon tomorrow.
KevinD
Well-known member
Getting their investment advice from Entertainment Tonight? [shrug]
Futures look good for a bounce. I'm truly hoping for a record up day
for everyone. If not, maybe the timing will work out for me to stick
my toes into the water at 12 noon tomorrow.
Me too and this will be my first attempt to actually make (or lose) some money. Wish me luck.
Sorry, I didn't get back from the funeral as soon as I thought I would.
I would guess at 7:37pm, Its a little late to wish you luck. From what
I see, you didn't need it !
Congratulation on your timing. Now becareful and try to hold onto those gains.From the looks of things, we
got back about 60% of the losses back from yesterday. If by noon
tomorrow we see another great day shaping up, I would strongly
consider taking some of the table. It would be your first IFT for October
and it would leave you with some dry gun powder in case of another
dip or for a better entry point to put more in. Food for thought and not
financial advice. Again, hope you kick some butt tomorrow as well !
Yet another Overpayment Reversal Possible. Immense Swings !
YTD O/D FOR ALL TSP FUNDS
(C) Fund vs. the SPX = 0.2149 TSP Cent Overpayment or +1.61%
(S) Fund vs. DWCPF. = 0.3814 TSP Cent Overpayment or +2.30%
(I). Fund vs. the EFA = 0.0025 TSP Cent Overpayment or -0.01%
DAILY (I) FUND VS. EFA O/D TRACKING RESULTS:
......DATE.....DLY % DIFF.....YTD TSP CENTS.....
(9/01/08) FEDERAL HOLIDAY
(9/02/08) +0.6546% -0.4584 tsp cents
(9/03/08) -0.8790% -0.2772 tsp cents
(9/04/08) +0.6018% -0.3826 tsp cents
(9/05/08) -0.5642% -0.2717 tsp cents
WEEKLY -0.1868% -0.0574 tsp cents
......DATE.....DLY % DIFF.....YTD TSP CENTS.....
(9/08/08) +0.1989% -0.3171 tsp cents
(9/09/08) +0.0157% -0.3098 tsp cents
(9/10/08) -0.1535% -0.2831 tsp cents
(9/11/08) -0.1739% -0.2491 tsp cents
(9/12/08) -0.3907% -0.1778 tsp cents
WEEKLY -0.3685% -0.0939 tsp cents
......DATE.....DLY % DIFF.....YTD TSP CENTS.....
(9/15/08) +0.8638% -0.3323 tsp cents
(9/16/08) -0.2278% -0.2873 tsp cents
(9/17/08) +0.8268% -0.4262 tsp cents
(9/18/08) -2.0361% -0.0642 tsp cents
(9/19/08) -0.4960%+0.0283 tsp cents
WEEKLY. -1.4600% -0.1495 tsp cents
......DATE.....DLY % DIFF.....YTD TSP CENTS.....
(9/22/08)+2.5382% -0.4628 tsp cents
(9/23/08) -0.8997% -0.2822 tsp cents
(9/24/08) -0.2518% -0.2347 tsp cents
(9/25/08) -0.5076% -0.1412 tsp cents
(9/26/08) +0.3903% -0.2149 tsp cents
WEEKLY. +0.7734%+0.1866 tsp cents
......DATE.....DLY % DIFF.....YTD TSP CENTS.....
(9/29/08) +2.3205% -0.6001 tsp cents
(9/30/08) -3.4591%+0.0025 tsp cents
THE KEY:
------------------------------------------------- WE OWE THEM ----
- .6000 thru -.4000 High Overpayment (Payback Past Due)
- .4000 thru -.3000 Elavated Overpayment, (Payback Immanent)
- .3000 thru -.2000 Medium Overpayment (Flip A Coin)
- .2000 thru -.1000 Low Overpayment, (Slightly Over Goal)
- .1000 thru -.0000 Minimum Overpayment (Goal is Met)
-------------------------------------------------- THEY OWE US ----
+.0000 thru+.1000 Low Deficit (Goal is Met)
+.1000 thru+.1500 Medium Deficit (Flip A Coin)
+.1500 thru+.2500 High Deficit (Rarely Goes Lower)
+.2500 thru+.3000 Windfall Coming !
---------------------------------------------------------------------
YTD O/D FOR ALL TSP FUNDS
(C) Fund vs. the SPX = 0.2149 TSP Cent Overpayment or +1.61%
(S) Fund vs. DWCPF. = 0.3814 TSP Cent Overpayment or +2.30%
(I). Fund vs. the EFA = 0.0025 TSP Cent Overpayment or -0.01%
DAILY (I) FUND VS. EFA O/D TRACKING RESULTS:
......DATE.....DLY % DIFF.....YTD TSP CENTS.....
(9/01/08) FEDERAL HOLIDAY
(9/02/08) +0.6546% -0.4584 tsp cents
(9/03/08) -0.8790% -0.2772 tsp cents
(9/04/08) +0.6018% -0.3826 tsp cents
(9/05/08) -0.5642% -0.2717 tsp cents
WEEKLY -0.1868% -0.0574 tsp cents
......DATE.....DLY % DIFF.....YTD TSP CENTS.....
(9/08/08) +0.1989% -0.3171 tsp cents
(9/09/08) +0.0157% -0.3098 tsp cents
(9/10/08) -0.1535% -0.2831 tsp cents
(9/11/08) -0.1739% -0.2491 tsp cents
(9/12/08) -0.3907% -0.1778 tsp cents
WEEKLY -0.3685% -0.0939 tsp cents
......DATE.....DLY % DIFF.....YTD TSP CENTS.....
(9/15/08) +0.8638% -0.3323 tsp cents
(9/16/08) -0.2278% -0.2873 tsp cents
(9/17/08) +0.8268% -0.4262 tsp cents
(9/18/08) -2.0361% -0.0642 tsp cents
(9/19/08) -0.4960%+0.0283 tsp cents
WEEKLY. -1.4600% -0.1495 tsp cents
......DATE.....DLY % DIFF.....YTD TSP CENTS.....
(9/22/08)+2.5382% -0.4628 tsp cents
(9/23/08) -0.8997% -0.2822 tsp cents
(9/24/08) -0.2518% -0.2347 tsp cents
(9/25/08) -0.5076% -0.1412 tsp cents
(9/26/08) +0.3903% -0.2149 tsp cents
WEEKLY. +0.7734%+0.1866 tsp cents
......DATE.....DLY % DIFF.....YTD TSP CENTS.....
(9/29/08) +2.3205% -0.6001 tsp cents
(9/30/08) -3.4591%+0.0025 tsp cents
THE KEY:
------------------------------------------------- WE OWE THEM ----
- .6000 thru -.4000 High Overpayment (Payback Past Due)
- .4000 thru -.3000 Elavated Overpayment, (Payback Immanent)
- .3000 thru -.2000 Medium Overpayment (Flip A Coin)
- .2000 thru -.1000 Low Overpayment, (Slightly Over Goal)
- .1000 thru -.0000 Minimum Overpayment (Goal is Met)
-------------------------------------------------- THEY OWE US ----
+.0000 thru+.1000 Low Deficit (Goal is Met)
+.1000 thru+.1500 Medium Deficit (Flip A Coin)
+.1500 thru+.2500 High Deficit (Rarely Goes Lower)
+.2500 thru+.3000 Windfall Coming !
---------------------------------------------------------------------
YTD IDX returns: YTD TSP returns: YTD SB current returns:
SPX= -20.57%.....C=...-19.25%....-04.91% (my figures)
DW.= -17.92%.....S=.. -16.08%....
EFA= -28.28%......I=...-27.81%...
AGG= -02.55%.....F=...+00.84%...
...........................G=...+02.86%...
MTD IDX returns: MTD TSP returns: MTD SB current returns:
SPX= -08.30%.....C=...-08.15%....-05.46% (my figures)
DW.= -10.58%.....S=.. -09.82%....
EFA= -10.47%.....I=....-12.10%...
AGG= -02.14%.....F=.. -01.30%...
...........................G=...+00.31%..
SPX= -20.57%.....C=...-19.25%....-04.91% (my figures)
DW.= -17.92%.....S=.. -16.08%....
EFA= -28.28%......I=...-27.81%...
AGG= -02.55%.....F=...+00.84%...
...........................G=...+02.86%...
MTD IDX returns: MTD TSP returns: MTD SB current returns:
SPX= -08.30%.....C=...-08.15%....-05.46% (my figures)
DW.= -10.58%.....S=.. -09.82%....
EFA= -10.47%.....I=....-12.10%...
AGG= -02.14%.....F=.. -01.30%...
...........................G=...+00.31%..
Senate to vote on bailout Wednesday
By Ruth Mantell, Greg Robb & Robert Schroeder, MarketWatch
Last update: 10:00 p.m. EDT Sept. 30, 2008
SAN FRANCISCO (MarketWatch) -- The U.S. Senate is scheduled to vote Wednesday on its version of the historic $700 billion Wall Street rescue package, two days after the House of Representatives' stunning rejection of the original legislation.
The move capped a day of behind-the-scenes negotiations to try to salvage some version of the package that the House, defying President Bush and its own party leaders, rejected on a 228-205 vote. The package before the Senate will be similar to the House version, with these additions, the New York Times reported in its online edition:
*The higher limit for insured bank deposits sought by the Federal Deposit Insurance Corp., which asked to raise the cap to $250,000 from $100,000, to quell opposition by individual and small-business depositors.
*Tax breaks for businesses and alternative energy, part of a package that has been caught in a stalemate in the House of Representatives. The Senate version of the gridlocked tax legislation would cost more than $100 billion and extend and expand many individual and business tax breaks, including tax credits for the production and use of renewable energy sources, like solar energy and wind power, the Times said. It would also extend the business tax credit for research and development, expand the child tax credit, protect millions of families from the alternative minimum tax and provide tax relief to victims of recent floods, tornadoes and severe storms, according to the Times..
Senate Majority Leader Harry Reid, D-Nev., said details of the proposal wouldn't be available until Wednesday, the Times reported. If the Senate approves the package, it would go to the House, which doesn't reconvene until noon Eastern on Thursday. The House's rejection triggered an historic, 777-point drop for the Dow Jones Industrial Average. The Senate development comes after members of both houses went back to the drawing board Tuesday in an effort to craft a new version of rescue package for the financial markets.
With some members of Congress gone for the Jewish New Year holiday, other members of both the House and the Senate met in Capitol Hill offices in a furious attempt to hammer out new language for the defeated bailout plan. Senate Banking Committee Chairman Christopher Dodd, D-Conn., said he was "hopeful and optimistic" Congress would come up with a plan soon, and Senate Minority Leader Mitch McConnell, R-Ky., agreed that a bill could be finished this week. The senators' statements come as markets staged a partial recovery from their dizzying 777-point drop on Monday following the House's rejection of the bailout plan, rebounding almost 500 points on Tuesday.
Tuesday morning, a grim-faced President Bush again called on Congress to push through a bailout plan. "I assure our citizens and citizens around the world that this is not the end of the legislative process," Bush said. "I recognize this is a difficult vote for members of Congress. The reality is that we are in an urgent situation, and the consequences will grow worse each day if we do not act."
'New proposals'
With lawmakers now in session past their scheduled recess date, members of Congress are hunkering down and trying to fashion a bill that's palatable to as many members as possible. Meanwhile, regulators and the presidential candidates are also working to address the market crisis. U.S. regulators issued clarification on Tuesday afternoon about how to use "fair-value" accounting, which has been cited as one of the major reasons for the meltdown in the U.S. financial system. Among the clarifications issued by the Financial Accounting Standards Board and the Securities and Exchange Commission, are that management's internal assumptions may be used to measure fair value when relevant market evidence doesn't exist.
The fair-value rules, which went into effect Nov. 15, 2007, force financial institutions to put a prevailing market value on their assets or liabilities each quarter. The accounting board is preparing to propose more interpretative guidance about fair value measurement later this week. Separately, presidential candidates Sens. Barack Obama and John McCain spoke in favor of boosting the federal insurance for bank deposits to $250,000 from the current limit of $100,000. The proposal may make the $700 billion rescue plan more palatable to House Republicans. Speaking to reporters on Tuesday, Texas Republican Randy Neugebauer acknowledged that "there's a lot of pressure to get something done," but appeared in no hurry to pass a bill this week. "We shouldn't be worrying about the short term here," Neugebauer said.
'Second thoughts'
But Dodd told reporters following a meeting with Reid that he'd heard that some House members who rejected the deal on Monday are having "serious second thoughts." "I've just been told anecdotally by colleagues who have talked to members of the House, both Democrats and some Republicans, that they'd like another shot at this," Dodd commented. "So my hope is we can give them that and get this done." Rep. Paul Kanjorski, D-Pa., who chairs a House Financial Services subcommittee on capital markets, urged fellow lawmakers to act quickly. "We can also consider additional provisions to improve the legislation, but I caution my colleagues that during this economic crisis is not the time to let the perfect become the enemy of the good," Kanjorski said in a statement. "While we do not have a perfect bill, we do have a perfect storm."
At the White House, a spokesman said the Bush administration would not support changing the core of the rescue plan -- which calls for the government to buy troubled mortgage assets from financial institutions, but it will examine all measures to try to round up enough votes to pass the measure. Spokesman Tony Fratto said the White House believes the bill can be approved this week
By Ruth Mantell, Greg Robb & Robert Schroeder, MarketWatch
Last update: 10:00 p.m. EDT Sept. 30, 2008
SAN FRANCISCO (MarketWatch) -- The U.S. Senate is scheduled to vote Wednesday on its version of the historic $700 billion Wall Street rescue package, two days after the House of Representatives' stunning rejection of the original legislation.
The move capped a day of behind-the-scenes negotiations to try to salvage some version of the package that the House, defying President Bush and its own party leaders, rejected on a 228-205 vote. The package before the Senate will be similar to the House version, with these additions, the New York Times reported in its online edition:
*The higher limit for insured bank deposits sought by the Federal Deposit Insurance Corp., which asked to raise the cap to $250,000 from $100,000, to quell opposition by individual and small-business depositors.
*Tax breaks for businesses and alternative energy, part of a package that has been caught in a stalemate in the House of Representatives. The Senate version of the gridlocked tax legislation would cost more than $100 billion and extend and expand many individual and business tax breaks, including tax credits for the production and use of renewable energy sources, like solar energy and wind power, the Times said. It would also extend the business tax credit for research and development, expand the child tax credit, protect millions of families from the alternative minimum tax and provide tax relief to victims of recent floods, tornadoes and severe storms, according to the Times..
Senate Majority Leader Harry Reid, D-Nev., said details of the proposal wouldn't be available until Wednesday, the Times reported. If the Senate approves the package, it would go to the House, which doesn't reconvene until noon Eastern on Thursday. The House's rejection triggered an historic, 777-point drop for the Dow Jones Industrial Average. The Senate development comes after members of both houses went back to the drawing board Tuesday in an effort to craft a new version of rescue package for the financial markets.
With some members of Congress gone for the Jewish New Year holiday, other members of both the House and the Senate met in Capitol Hill offices in a furious attempt to hammer out new language for the defeated bailout plan. Senate Banking Committee Chairman Christopher Dodd, D-Conn., said he was "hopeful and optimistic" Congress would come up with a plan soon, and Senate Minority Leader Mitch McConnell, R-Ky., agreed that a bill could be finished this week. The senators' statements come as markets staged a partial recovery from their dizzying 777-point drop on Monday following the House's rejection of the bailout plan, rebounding almost 500 points on Tuesday.
Tuesday morning, a grim-faced President Bush again called on Congress to push through a bailout plan. "I assure our citizens and citizens around the world that this is not the end of the legislative process," Bush said. "I recognize this is a difficult vote for members of Congress. The reality is that we are in an urgent situation, and the consequences will grow worse each day if we do not act."
'New proposals'
With lawmakers now in session past their scheduled recess date, members of Congress are hunkering down and trying to fashion a bill that's palatable to as many members as possible. Meanwhile, regulators and the presidential candidates are also working to address the market crisis. U.S. regulators issued clarification on Tuesday afternoon about how to use "fair-value" accounting, which has been cited as one of the major reasons for the meltdown in the U.S. financial system. Among the clarifications issued by the Financial Accounting Standards Board and the Securities and Exchange Commission, are that management's internal assumptions may be used to measure fair value when relevant market evidence doesn't exist.
The fair-value rules, which went into effect Nov. 15, 2007, force financial institutions to put a prevailing market value on their assets or liabilities each quarter. The accounting board is preparing to propose more interpretative guidance about fair value measurement later this week. Separately, presidential candidates Sens. Barack Obama and John McCain spoke in favor of boosting the federal insurance for bank deposits to $250,000 from the current limit of $100,000. The proposal may make the $700 billion rescue plan more palatable to House Republicans. Speaking to reporters on Tuesday, Texas Republican Randy Neugebauer acknowledged that "there's a lot of pressure to get something done," but appeared in no hurry to pass a bill this week. "We shouldn't be worrying about the short term here," Neugebauer said.
'Second thoughts'
But Dodd told reporters following a meeting with Reid that he'd heard that some House members who rejected the deal on Monday are having "serious second thoughts." "I've just been told anecdotally by colleagues who have talked to members of the House, both Democrats and some Republicans, that they'd like another shot at this," Dodd commented. "So my hope is we can give them that and get this done." Rep. Paul Kanjorski, D-Pa., who chairs a House Financial Services subcommittee on capital markets, urged fellow lawmakers to act quickly. "We can also consider additional provisions to improve the legislation, but I caution my colleagues that during this economic crisis is not the time to let the perfect become the enemy of the good," Kanjorski said in a statement. "While we do not have a perfect bill, we do have a perfect storm."
At the White House, a spokesman said the Bush administration would not support changing the core of the rescue plan -- which calls for the government to buy troubled mortgage assets from financial institutions, but it will examine all measures to try to round up enough votes to pass the measure. Spokesman Tony Fratto said the White House believes the bill can be approved this week
We have yet another hit to Consumer Confidence through the lowsy ISM
report that came out today. Oil Supply data is due out soon with sixteen
refinaries still feeling the Hurricane Affect and it don't look good. Any
bounce that comes from the Senate will, yet again, be short lived based
on the true state of our economy.:blink:
report that came out today. Oil Supply data is due out soon with sixteen
refinaries still feeling the Hurricane Affect and it don't look good. Any
bounce that comes from the Senate will, yet again, be short lived based
on the true state of our economy.:blink:
JTH
Well-known member
MTD IDX returns: MTD TSP returns: MTD SB current returns:
SPX= -08.30%.....C=...-08.15%....-05.46% (my figures)
DW.= -10.58%.....S=.. -09.82%....
EFA= -10.47%.....I=....-12.10%...
AGG= -02.14%.....F=.. -01.30%...
...........................G=...+00.31%..
I always love your updates SB. Correct me if I'm wrong but hasn't the S been stronger then C & I up untill last May? I wonder how it will hold out this month... :worried:
(S)mall caps Lead the way in May on a MTD basis against all funds.
In June and July they came in about the same. The (S) took the lead
again in August (not by a lot) over the (C). September ended pretty
much equal. The (I) Fund has been a terror and will likely stay that
way for quite a while. :suspicious:
I JUST MADE A IFT FOR THE C.O.B. TODAY 10/1/08.
A VOTE ISN'T LIKELY UNTIL AROUND 8PM TONIGHT IN THE SENATE.
I BELIEVE WE WILL SEE A TURN AROUND IN TODAYS MARKET BEFORE
TRADING ENDS, PARTIALLY BECAUSE OF BUYING OPPORTUNITIES AND
SOME SPECULATION OF A BILL BEING PASSED IN THE SENATE.
I DIDN'T GO 100% INTO RISK TODAY. I COULD BE WRONG CONCERNING
THE ABOVE. FOOL ME ONCE, SHAME ON YOU. FOOL ME TWICE, SHAME
ON ME ! IF WE GO UP TOMORROW, I'LL PULL SOME OFF THE TABLE. IF
WE GO DOWN, I'LL BE PATIENT BEFORE I DOUBLE UP TO LOWER MY COST
UNLESS THE PAIN BECOMES TOO GREAT.
20%(c) 20%(s) 10%(I) 50%(g) Good Luck To Us All !
350zCommTech
Well-known member
A VOTE ISN'T LIKELY UNTIL AROUND 8PM TONIGHT IN THE SENATE.
I BELIEVE WE WILL SEE A TURN AROUND IN TODAYS MARKET BEFORE
TRADING ENDS, PARTIALLY BECAUSE OF BUYING OPPORTUNITIES AND
SOME SPECULATION OF A BILL BEING PASSED IN THE SENATE.
Good point. You don't think they'll push the market down to put another scare on congress?
A final thought for today. I want to thank those members who stop by
and comment within my thread. The TSP Investors on this MB have so
much to contribute. The fact that they share their thoughts, help us
make informed decisions and keep us focused on the important issues.
Invaluable ! Timely ! Unmatched ! Diversified !
and comment within my thread. The TSP Investors on this MB have so
much to contribute. The fact that they share their thoughts, help us
make informed decisions and keep us focused on the important issues.
Invaluable !
Timely ! Unmatched ! Diversified ! Not really, I believe the market will be responsive to the economic news
until 3:15pm. Then, all bets are off ! Sort a speak. If they don't have the
votes, they won't won't call for the Bill. If 777 points didn't get their little
heads to turn by now, they will never turn.
Minnow
Well-known member
enjoying these enlightening discussions... just my observation..
the senate votes tonight...
(hopefully, since I jumped in {I gotta look out for me after all}, the markets "vote" tomorrow...
thus "sending a message" to the house....
any and all thoughts are greatly appreciated
--- no comment from me on the morality of the bill. Those thoughts were expressed elsewhere.
the senate votes tonight...
(hopefully, since I jumped in {I gotta look out for me after all}, the markets "vote" tomorrow...
thus "sending a message" to the house....
any and all thoughts are greatly appreciated
--- no comment from me on the morality of the bill. Those thoughts were expressed elsewhere.
Braveheart
Member
I think the smart money is about to hit in the next hour. There is no way in hell these folks will miss an opportunity to make some money and real fast. If this passes tonight (AND IT WILL EASILY) tomorrow Congress will vote. So today is the entry point for the big boys and getting in today with an IFT for the close of business could be a nice gain tomorrow & Friday after that who knows.:nuts:
Best of Luck to All - Braveheart
Best of Luck to All - Braveheart
I think the smart money is about to hit in the next hour. There is no way in hell these folks will miss an opportunity to make some money and real fast. If this passes tonight (AND IT WILL EASILY) tomorrow Congress will vote. So today is the entry point for the big boys and getting in today with an IFT for the close of business could be a nice gain tomorrow & Friday after that who knows.:nuts:
Best of Luck to All - Braveheart
Ok, A Final-Final thought, don't forget the employment data comes out
on Friday and CNBC just announced that Congress has rules that would
make the Senate Vote tonight dictate a Friday Vote from Congress.
Braveheart
Member
Ok, A Final-Final thought, don't forget the employment data comes out
on Friday and CNBC just announced that Congress has rules that would
make the Senate Vote tonight dictate a Friday Vote from Congress.
Markets just turned GREEN !!!
Braveheart
Member
Ok, A Final-Final thought, don't forget the employment data comes out
on Friday and CNBC just announced that Congress has rules that would
make the Senate Vote tonight dictate a Friday Vote from Congress.
Congress can do this in 15 minutes without any Pelosi B.S. rehearsed speech. I say they are meeting tomorrow so the Bill has changed for the better therefore no excuse now and they will have Obama & McCain signed on. If they vote no it will save their job come election time especially if this plan doesn't work and I don't think it will. Lots of pressure to vote yes this will be a real test of who leads and who follows the pack.
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