Steadygain's Account Talk

[Steadygain]

Steady on, Steady; I'm with you, all we have to do is keep the faith that protects us from the fear, it is HIS plan that counts, not ours. I do believe that life is a wheel, what goes around comes around. It is also important that some wheels, perhaps all wheels are larger or smaller and turn at different speeds. God bless you Steady, and all of us also.

Thank you my dear friend. What a beautiful message.

With that I'm going to lunch. This message is equivalent to the soothing music that stimulates the digestive system and puts our minds in a peaceful state.

Much appreciated.

 

[Frixxxx]

.....That is a message the 3 million plus would not want to hear and it is one that would be guaranteed to cost you your job.

Isn't that the scary part. I mean 3 million people without, seemingly, a care in the world about the future.

......

To challenge any of them is challenging the President himself; not a smart move.

Once again correct, but questioning logic on a system that seems flawed is the only way to bring on change. And don't go to far with this one, but isn't it a gov't by the people, for the people?:blink:

Very valid points, Steady

{Frixxxx waves "Hello" to the FRTIB monitors!}

 

[Steadygain]

Isn't that the scary part. I mean 3 million people without, seemingly, a care in the world about the future.

Frixxxx - I don't know if you realize how deeply my heart is wrapped up in you - Luv2read - CB - and the many others that are very deeply involved and know a million times more than me.

To me the 3 million are way better off not having a care and in a big way I envy them.

Whatever compelled me to research the Federal System - to see how the country runs - I don't know. But in all sincereity it has been more and more difficult KNOWING - how big Government is - KNOWING how many layers seperate the bottom from the top and how wide and high these layers are.

So - NO - to me it is not scarey to go from one day to the next without burdens or fears.

I honestly do not want to get back into this; but from my prespective most of the concerns seem to address a BANK - and I would be thoroughly shocked to find any BANK that has not been hit hard and made some desperate moves.

To me this is just a passing phase; we've been here before and only because of that am I fully invested.


Once again correct, but questioning logic on a system that seems flawed is the only way to bring on change.

Frixxxx, now you bring a wonderful smile to my face and I have the exact same thoughts I had yesterday.... "wouldn't it be wonderful if we could just disappear to some place without distractions for a few weeks to go over all this stuff"... because we would need that kind of time to really go over the depth of this stuff with any worth.

Here I would say "the system is flawed" - but globally it's probably the best system available. WE know it's flawed and changes are being made - but it's going to take a lot of time. Fannie Mae is part of that change. No one wants to lose their positions (especially leaders) - but the system has to be trimmed and only now is the new Administration having to make the cuts. It is flawed on many levels and in many ways - so this "ONE LITTLE PIECE" doesn't bother me. Unfortunately (or fortunately) I see the overall picture and therefore I realize that The change others are concerned about can not take place without broader changes. As the broader changes are enacted - things will improve.

And don't go to far with this one, but isn't it a gov't by the people, for the people?:blink:

It is a "wonderful belief" - just like "and to the Republic for which it stands; ONE NATION - UNDER GOD - INDIVISABLE - WITH LIBERTY AND JUSTICE FOR ALL.

In the bigger sense it is a gov't by the people (tax payers) and for the people (the Federal System) - but the system became increasingly complicated as it became bigger and bigger - so it's going to take a good while to trim it down.

Very valid points, Steady

{Frixxxx waves "Hello" to the FRTIB monitors!}

Thank you - you're good for me (as is this MB).

 

[SkyPilot]

Steady, I just love reading your thread. Peace to my soul, joy to my heart...

 

[Steadygain]

Steady, I just love reading your thread. Peace to my soul, joy to my heart...

Thank you my brother and friend. In many ways we share the exact same responsibilities and priviledges. But with you it's your professional carreer.

Actually - my professional carreer is very much centered on it as well come to think of it. Anyway, let's hope the "Karma" continues.

GREAT NEWS EVERYONE
​

J.P. Morgan Chase CEO Jamie Dimon is in a position to go bargain hunting while his competitors mainly suffer on the sidelines. Here are four possible acquisitions.

http://money.cnn.com/galleries/2008/fortune/0808/gallery.tully_jpm.fortune/index.html

Yes Sir - that's my BABY
No Sir - I don't mean MAYBE
Yes Sir - that my BABY DOLL


Well for everyone in G Fund - "Good Job" - for everyone else let's hope that it's the BULL trying to shake us loose before he takes off.

I've now got less than an hour to do 5 hours worth of work; but it's cool cause you'd be amazed at how fast I can go when I pushed to the limit (which I often bring on myself). ​

 

[Steadygain]

Well HALF WAY done and taking my usual 3 minute break.

I just checked the IFT of the Day - and seriousy from the bottom of my heart:


THANK YOU!!...... THANK YOU!!.......... THANK YOU!!


It's one of those moments when I wish Birch was here; but that more than makes up for it.

Anyway - with as many of you moving in - I feel like "I'm OK for now".

 

[Steadygain]

I was scanning back over my posts for today and noticed this:

Frixxxx, now you bring a wonderful smile to my face and I have the exact same thoughts I had yesterday.... "wouldn't it be wonderful if we could just disappear to some place without distractions for a few weeks to go over all this stuff"... because we would need that kind of time to really go over the depth of this stuff with any worth.

Frixxxx, Please know it WAS NOT YOU (or concerning you that I had this thought). So before you have nightmares about some psychopath destroying your life :worried: or whatever....

Sometimes someone says something that goes so DEEP and I'm so in tune with what they're saying that in that moment I wish I could disappear for days (or weeks) to ride the thought through. It's moments like that I WISH COULD GO ON AND ON AND ON.

 

[Braveheart]

Well HALF WAY done and taking my usual 3 minute break.

I just checked the IFT of the Day - and seriousy from the bottom of my heart:


THANK YOU!!...... THANK YOU!!.......... THANK YOU!!


It's one of those moments when I wish Birch was here; but that more than makes up for it.

Anyway - with as many of you moving in - I feel like "I'm OK for now".

I wonder low volume market drops like a rock. Oil is down but it doesn't seem to matter. In my opinion the big boys know something and if the volume is low again tomorrow that will show they are not buying.

I have a feeling a major Bank or fund is going under and the word is out. No one is buying for investments anymore because there is no trust in those behind the desks.

One would think that this would be a buying opportunity but all is quiet and I wonder why. They say it's always quiet before a tornado hits and there is no doubt something very odd is going on and has been since Oil has dropped.

I would think people would be thrilled but now we know Oil could drop to $85 and with the financial mess we are in there is less hope today than when Oil was $140. It has dropped $40 in a month but no one cares.

I look at how many are flooding to the 10 year Bonds and that is flat out fear. There is more fear today then ever before. I know this is negative and I would like to get back in to this market but I just wonder out loud where have all the big boys gone. This isn't a Bear market it's a bet and get out in a day market. It's like a bad slot machine and folks no it takes your money even when everything looks perfect the market tanks or when it looks bad the market spikes. Up is down and down is up. I have never seen anything like it.

So tomorrow I want to see at least some buying and volume early if I don't I will stay in the G Fund because I smell a rat.:suspicious:

Be careful !!!!!!!!!!!!!!

 

[Frixxxx]

...........
So tomorrow I want to see at least some buying and volume early if I don't I will stay in the G Fund because I smell a rat.:suspicious:

Be careful !!!!!!!!!!!!!!

Non-Farm employment numbers out tomorrow....don't count on large anything.........except maybe losses

 

[luv2read]

It's the financials. They heavily invested in oil and commodities to help offset the writeoffs, counting on sovereign wealth funds for capital. I posted a piece about the one of the Osprie Management hedge funds (oil and commodities one) failing ..Lehman owns 20% of it. On SB's thread if anyone is interested. Big boys dumped commodities yesterday and stocks today...heavy into cash. Tomorrow will tell the tale for stocks, - could be another BSC setup over the weekend. Wait for Monday - IMO another devaluation/bailout/buyout or something similar. Something is definitely in the wind with BlackRock looking to buy bad paper and this commodity hedge failure.

 

[Braveheart]

Non-Farm employment numbers out tomorrow....don't count on large anything.........except maybe losses

If the market is down big before 12:00 then I will make my 1st IFT watching the S Fund that took a beating today like most but C Fund at a good price would be $14.00 and S Fund $17.50.

 

[nnuut]

It's the financials. They heavily invested in oil and commodities to help offset the writeoffs, counting on sovereign wealth funds for capital. I posted a piece about the one of the Osprie Management hedge funds (oil and commodities one) failing ..Lehman owns 20% of it. On SB's thread if anyone is interested. Big boys dumped commodities yesterday and stocks today...heavy into cash. Tomorrow will tell the tale for stocks, - could be another BSC setup over the weekend. Wait for Monday - IMO another devaluation/bailout/buyout or something similar. Something is definitely in the wind with BlackRock looking to buy bad paper and this commodity hedge failure.

Exactly, hit the nail on the head again. This is the transition period that is necessary to convince them that they can't hide in Commodities stocks, that they are going down as the dollar and goes up and commodities goes down. Where will the money go? Where do you think?

 

[justbizness45]

It's the financials. They heavily invested in oil and commodities to help offset the writeoffs, counting on sovereign wealth funds for capital. I posted a piece about the one of the Osprie Management hedge funds (oil and commodities one) failing ..Lehman owns 20% of it. On SB's thread if anyone is interested. Big boys dumped commodities yesterday and stocks today...heavy into cash. Tomorrow will tell the tale for stocks, - could be another BSC setup over the weekend. Wait for Monday - IMO another devaluation/bailout/buyout or something similar. Something is definitely in the wind with BlackRock looking to buy bad paper and this commodity hedge failure.

Add to it the fact that someone keeps making up false rumors about a Lehmans buyout and it's getting kind of scary........

 

[Steadygain]

It's the financials.

I've got a meeting this morning I'm in charge of so need to make this quick. I usually don't worry about the day to day stuff but am much more concerned with the overall picture.

Last night was asked: "How do you view the Economy"

I said, "The Economy is like a child - that is growing. Over the recent years is has gained a bit of strength and grown fairly stong. But it was hit with a powerful virus - which made it sick. The virus is the Financial Sector. The Doctors (the Government/Fed) did everything they could to help it out - and stalled the decline with Rate Cuts and Bail Outs. But the child is still sick and the virus has to run its course. It will likely have to plunge another 20% - to get the rest it needs to overcome the virus.

At this point "the Election" may serve as the ultimate Get Well Card to lift the child's spirit and let the child experience a brief feeling of recovery. It that happens then those fully invested will most benefit in the near future.

If it doesn't happen - it will run it's course even quicker. But there are no short cuts to this illness and to expect a recovery over the next quarter (or two) is very unrealistic.

 

[Steadygain]

Well Folks - I am protecting the TSP - going 100% G Today.

Fortunately my actual losses are insignificant so a few thousand makes no difference.

To me the overwhelming evidence stongly shows the Markets are in for a very hard time and what we've seen over the past year are the underlying symptoms of marked weakness. America's (and I hate that term - as it excludes S.A - C.A. and upper N.A) Debt is like an all consuming cancer that is spreading into every possible sector.

The Financial Sector's weakness is way beyond (in my belief) what the Media projects. With the extreme attempts to salvage Fannie and most of the other Financial Institutions; there has to be a high price to pay and therefore I see this as the beginning.

I'm now in a different Ball Game - I am not planning daily (1-3 day) quick grabs or striving for 2 IFTs a month. From here on in I'm way more comfortable making a decision and riding it out.

So for now "my heart" says safety.

Luv2read - I believe your comment on the Financials displays incredible insights. I'd really enjoy reading "Your View of the Economy". I gave you mine.

For that matter Nnutt, Corepuncher, SB, and everyone else. HONESTLY THE MORE THE BETTER - (JeffATC..Birch, and all the rest)
I don't care how you view the day to day (short play stuff).

What is your view of the overall economy at this point in history and how do you see it behaving over the next 3 to 6 months??

 

[Corepuncher]

What is your view of the overall economy at this point in history and how do you see it behaving over the next 3 to 6 months??

My large-scale view of the economy is bleak. Can see S&P under 1000 within months. Playing with fire being in.

 

[JTH]

Sometimes I wish I had your patience there Steady

I still have a long way to go before retirement, so I'm not as adverse to risk. With all the bad news baked in latley we may be forming a short intermediate bottom. If not, then hold on to your hat...

 

[Steadygain]

I anticipate the next 3 months will be exceptionally good for S and I.

Will move from 50/50 C/S to 60/40 S/I by COB

My first post about 1 year prior - and that was the beginning of a long journey with many wonderful friends.

Sometimes I wish I had your patience there Steady

You give me way too much credit. I will hold on until it's run its course - no mattter how difficult - but when it's over I know when to let go.

 

[Braveheart]

Well Folks - I am protecting the TSP - going 100% G Today.

Fortunately my actual losses are insignificant so a few thousand makes no difference.

To me the overwhelming evidence stongly shows the Markets are in for a very hard time and what we've seen over the past year are the underlying symptoms of marked weakness. America's (and I hate that term - as it excludes S.A - C.A. and upper N.A) Debt is like an all consuming cancer that is spreading into every possible sector.

The Financial Sector's weakness is way beyond (in my belief) what the Media projects. With the extreme attempts to salvage Fannie and most of the other Financial Institutions; there has to be a high price to pay and therefore I see this as the beginning.

I'm now in a different Ball Game - I am not planning daily (1-3 day) quick grabs or striving for 2 IFTs a month. From here on in I'm way more comfortable making a decision and riding it out.

So for now "my heart" says safety.

Luv2read - I believe your comment on the Financials displays incredible insights. I'd really enjoy reading "Your View of the Economy". I gave you mine.

For that matter Nnutt, Corepuncher, SB, and everyone else. HONESTLY THE MORE THE BETTER - (JeffATC..Birch, and all the rest)
I don't care how you view the day to day (short play stuff).

What is your view of the overall economy at this point in history and how do you see it behaving over the next 3 to 6 months??

I think you made a good move to the G Fund but what do I know LoL. I think we had a head fake today and the hits are going to keep on coming next week so in my opinion you are right the short play gets burned more than others. I still have 2 IFT's and may just watch that F Fund and see if it drops on a big up day that is where I will move to.

I remember CP mentioned going to the F Fund around then end of August it usually drops after $12.21 - $12.23 but he was right. I wish I made my move in August to the F Fund but I did have peace of mind in the G Fund for 3 weeks.

I still see this market taking a beating and with the 2 IFT's if I am going all in it will be sometime next week. If the market spikes and that F Fund drops then I move 100% there. If the market drops like a rock then I will go 100% C Fund.

I actually want to see money moving to the stocks so if the F Fund drops I feel it's a safer place to be.

Have a good weekend - Braveheart

 

[Steadygain]

Wow!! Was coming for one last look.

I've gotten a million times more from you (from everyone) than I could ever give back. Please forgive me for not responding but it's no longer a game I can contribute to and it's time to let go.

My deepest love to all,
Jimi Hendrix