Steadygain's Account Talk

[Steadygain]

Hi Steady; I am confused,

With me - that would be very easy my friend and I sincerely appreciate your honesty.

I thought you had just made the decision to go back into 100% S fund.

I am back in 100% S Fund and will likely remain there for a long time. I'm not sure how often you read my posts - but the more you read them the easier it is to keep up with everything I'm doing; as I don't know anyone more OPEN than me.

I swear, I never can understand what the heck it is you're saying., other than when reciting 30 year old lyrics (at least that's my generation).

I would guess the PROBLEM is way more that perhaps you are focusing on TSP Account and my specific IFTs. What I post about my various views are usually easy to follow and it's rare that anyone would not grasp exactly what I'm conveying.

The ONE EXCEPTION is when I talked about 2 Diamonds blending and how the Laws of Physics and Chemistry rule over everything. I'd received some PMs on that - and explained it. That was more of a parable (which I did not expect anyone to understand). Subsequently how that was interpreted was totally different from what I meant to convey.

One second you seem to be preaching doom,
I have known about much of the DEPTH of the Financial Sector for quite some time - and over the course of the past year, repeatedly expressed how 'BAIL OUTS and RATE CUTS' would drive the dollar lower and do nothing to change the underlying problems.
So that is where my preaching Doom started.

Then more recently I "for the first time" told everyone THE BEAR is here - GO TO G FUND and do it now. (This is probably what you're referring too - when you say one second...)

the next praising Mr. Birch and beating the "we're at the bottom" drum.
I praise Mr. Birch - because he is my older brother and mentor; someone I truly love and admire even though our views on many things are essentially 'night and day'.

He is one of a kind - the only one on the MB that nevers goes to G or F and always remains fully invested. So when the Markets suddenly shoot up 8% (the biggest 2 day gain since 1987) Mr. Birch is guaranteed to never miss out on such gains.

What is your (current?) stand?

My current stand is The BEAR has largely been pushed back with the Government Take Over of Fannie/Freddie/AIG; and the last of the "Fall Out" - which comes to $700 Billion has finally made itself known. EVERYONE KNOWS - what is happening and what needs to be done - but Congress has to play games reflecting the anger and concerns of the public... BUT I honestly believe we are at (or near) a BOTTOM and once the USA clears 'the Package' - it will strongly send a signal we are dealing with this in the strongest manner possible and are moving forward - STRONGER THAN EVER BEFORE. This should result in a very Optimistic Outlook for Me and Mr. Birch.

Well I hope that helps... and thanks for being real.

 

[Corepuncher]

Since everyone knows "something" will get passed soon, why is the S&P hanging around 1180? Also, what will happen once the shorting ban is lifted?

Perhaps we can get a relative down day on October 1st, because the herd may be afraid of the short ban lifting on October 2nd, thus, October 1st COULD be a good buying day. Something to consider.

I think as far as the plan goes, it all boils down to how much the gov is going to pay for this toxic waste, and, if they are going to dilute the shareholders.

 

[Steadygain]

Since everyone knows "something" will get passed soon, why is the S&P hanging around 1180? Also, what will happen once the shorting ban is lifted?

It's mainly hanging around 1180 - BECAUSE - Congress keeps playing games with everyone and until the move is made by them there is only room for dispair 'according to all in the know'.

What will happen once the shorting ban is lifted?
This is solidly in place to PROTECT THE FINANCIAL INSTITUIONS and make sure CORRUPTION at the higher levels is averted.

It has nothing to do with "small guys" like everyone here.

My guess what is happening now is by far the most substantial shift towards Building a Strong Economy the USA has ever remotely achieved. In my opinion the "TRAGETIES" were NEEDED to bring about the NEEDED CHANGES.

I may stand alone in this view (and that makes no difference to me) but I know the most underlying PILLARS on which everything resides has changed already and I would bet anything that future Presidents and Administrations will make sure Government makes things right.

 

[Frixxxx]

It's mainly hanging around 1180 - BECAUSE - Congress keeps playing games with everyone and until the move is made by them there is only room for dispair 'according to all in the know'.

What will happen once the shorting ban is lifted?
This is solidly in place to PROTECT THE FINANCIAL INSTITUIONS and make sure CORRUPTION at the higher levels is averted.

It has nothing to do with "small guys" like everyone here.

My guess what is happening now is by far the most substantial shift towards Building a Strong Economy the USA has ever remotely achieved. In my opinion the "TRAGETIES" were NEEDED to bring about the NEEDED CHANGES.

I may stand alone in this view (and that makes no difference to me) but I know the most underlying PILLARS on which everything resides has changed already and I would bet anything that future Presidents and Administrations will make sure Government makes things right.

I agree Steady, but I am also of the mindset that 700 billion dollars will not be granted this week. I believe that a 350 billion dollars and an interest rate cut will be suggested soon.

 

[Steadygain]

PLEASE EVERYONE​

NO POSTS REFLECTING OBAMA OR McCAIN​

BY THIS TIME WE SHOULD KNOW WHO WE SUPPORT AND I DON'T CARE WHAT ANY OF YOU THINK. ​

NO POSTS REGARDING COMDEMNATION AND JUDGEMENT​

IT ALL JUST GOES AROUND AND AROUND IN CIRCLES - ALL OF US FEEDING OFF EACH OTHER AND EVERYONE THINKING THEY KNOW WHAT IS GOING ON AND WHAT SHOULD BE DONE....​

IT GOES A LOT DEEPER AND IS MORE WIDESPREAD THAN ANYONE COULD KNOW...LET IT RIDE...AND LEAVE IT ALONE.

NO MORE POSTS ON THE GRIDLOCK WITH CONGRESS

AGAIN I COULD CARE LESS WHAT ANY OF YOUR PERSONAL VIEWS REFLECT - AS IT IS FAR ABOVE ALL OF US PUT TOGETHER AND NONE OF US IS GOING TO BE ABLE TO MAKE ANY KIND OF INFLUENCE

ALL WE CAN DO IS WAIT...AND DURING THE WAITING YOU CAN GO TO ANY OTHER THREAD AND BLAST THE HELL OUT OF WHOEVER YOU WANT ---BUT I DON'T WANT TO HEAR IT.

I AM OPTIMISTIC ABOUT THE FUTURE AND I FULLY BELIEVE WE WILL MOVE FORWARD WITH BETTER STRENGTH. I THINK THE BEST WE CAN DO IS PUT "THE GARBAGE" BEHIND US AND NOT GET LOST IN IT. ​

 

[FogSailing]

Steady: I think your post makes a lot of good sense..Everyone seems more than a bit frustrated and concerned about what's happening right now and we're seeing that expressed (even among the sophisticated and intelligent and otherwise superb members of the MB)...

FS

 

[Steadygain]

Steady: I think your post makes a lot of good sense..Everyone seems more than a bit frustrated and concerned about what's happening right now and we're seeing that expressed (even among the sophisticated and intelligent and otherwise superb members of the MB)...

FS

Thanks FS,
I got a little carried away - but as luck (bad luck ) would have it the first 10 posts I read were like scaping the blackboard with your fingernails and then the machine-gun fire insults towards one canidate along with these super glowing reflections towards the other just kind of got to me.

I think the past week or so has been trying; and certainly the NEWS is way bigger than any of us really realize (it's simply beyond what we could think or imagine) and thank God for that. But hopefully it's coming to an end and better days are ahead.

TODAY means nothing to me - nothing!!

I've already felt we were at or near a bottom and until the deal goes through and consistent gains (a real sustained rally occurs) then we'll simply bonce back and forth.

Anyway GL everyone - today I've only had a few minutes to get here

 

[Silverbird]

The Bird is having a bad week; short staff, budget cuts, general partisan blame game water cooler tallk, and people out sick. Adding to that a proposal to spend $700 billion and everyone's just plain astounded, and cynical. Not known for her nerves of steel, the Bird is ready to :nuts:. And still has to get her, and other people's (since they are out sick) work done. So Bird is sorry she's in a hissy bitey mood right now, and maybe she's overly defensive of one candidate, but it's mostly because she doesn't like what's going on under the leadership of the current big bird of the roost. And she does feel sorry for the next big bird, he's got a real problem with nesting supplies to keep the flock happy, and thinks blaming either of the big bird contenders before he starts for something that didn't happen with him as leader, or theoretically could happen under his leadership only leads to more water cooler squawking that spreads like fear. However the bird isn't clear-headed either, for her the buck stops with the current big bird and his flock leaders.

 

[Buster]

NO POSTS REGARDING COMDEMNATION AND JUDGEMENT​

IT ALL JUST GOES AROUND AND AROUND IN CIRCLES - ALL OF US FEEDING OFF EACH OTHER AND EVERYONE THINKING THEY KNOW WHAT IS GOING ON AND WHAT SHOULD BE DONE....​

IT GOES A LOT DEEPER AND IS MORE WIDESPREAD THAN ANYONE COULD KNOW...LET IT RIDE...AND LEAVE IT ALONE. ​

Ya know Steady..I love you like a brother, but sometimes you get in over your head..But this time, you hit the nail squarely..NOBODY here really KNOWS what's going on, beyond what the media feeds us..PERIOD!

So Opinions abound and that's all they are...nothing more than WAG's at what's going up on the Hill..Myself, I sleep easy knowing there ain't a damn thing I can do except, Vote, pay my taxes and make sure I have my grave site paid for....If we are all so expert at what should and should not be done per the issues at hand, then we would be in Washington, siting behind one of those fancy shmancy name plates yielding time to fellow congress and senators on the floor..

 

[Steadygain]

Ya know Steady...

Buster, the 2 things that stand out the most when I think of you are:

http://www.tsptalk.com/mb/showpost.php?p=176007&postcount=73

As for the open heart reference, that was meant to be a compliment to my other friend Buster, who is as big-hearted as anyone here, and which is rare and valued.

Buster, I love you as a brother as well (and I'm pretty sure we go way back) but the basis of my message earlier today is way more to stress "The family this MB provides and the incredible friendships and bonds we're creating".

It's OK to rant about the corruption in politics and the corporate world, polution (or whatever), and the Pains and Struggles of our Economy... but when we get lost in it and it's all we talk about and it's just one attack after another then the MB loses what it's meant to provide and once that sourness permeates it's hard to get rid of; like a fire that's out of control.

So we need to get back on track; focus on the positive things - or check up on the things that should matter more; like our friend killed in the line of duty and their family, Show-me's medical condition, Lady's pain, Buzz's wedding...

Maybe the best approach is simply saying:"We need to be patient...regardless of how we feel, it's up to Congress"...and learn to be more patient the next time.

But look what she said about you! That's outstanding!


http://www.tsptalk.com/mb/showpost.php?p=176008&postcount=74


Kate, thanks...I completely understand..
and yes, I need to read stuff over more completely,
to get it ALL straight..I will work on that as well

You see my friend - that is what this MB is all about. First and foremost it's friendships like this; it's developing bonds and establishing relationships and building a family.

So BOTTOMLINE - we should avoid the things that take from that; and commit to what is beneficial.

 

[Buster]

Buster, I love you as a brother as well (and I'm pretty sure we go way back) but the basis of my message earlier today is way more to stress "The family this MB provides and the incredible friendships and bonds we're creating".

K

 

[Steadygain]

Financial Briefs
​

Last night around 9:00 I got the word that Congress would not pass THE DEAL today. Along with that news was told this Monday is a Jewish Holiday - and therefore it was felt THE DEAL will likely be passed and ready to be in place Monday Morning.

IF NOT - Then Monday is expected to be a major Down day.

The Blame Game - can go on and on - but it does nothing to change the circumstances and therefore it's time to move on and clean up the mess.

Stacking the Deck - Presently the deck is being stacked to insure THE DEAL goes through (and I have no problem with that). Those most ready to nix THE DEAL will be left out; simple as that.

Still a BIG MESS - As LADY, and the overwhelming bulk of the MB have clearly shown - the $700 Billion IS NOT AN INSTANT FIX (OR CURE) but is simply (from my perspective) a necessary start.

HUGE CORRECTIONS - The most crucial underlying Mechanisms by which the Economy is sustained HAVE BEEN CHANGED!! So we are no longer dealing with "BAIL OUTS and RATE CUTS" with the underlying system completely screwed up. NOW we are dealing with an underlying system that will be far better controlled, way more precisedly tuned, and with long standing oversights/monitoring.

A transitional Period - This is one of the Biggest and most far stretching Transitional Periods in the history of both the US and Global Economy.

BUT HAVE FAITH MY FRIENDS - It is not a time for us to fall apart and become drowned in confusion, anxiety, or fear. It is way more a time for us to recognize that Changes are in place and we are moving forward in a very Positive Manner. ​

 

[Birchtree]

Here comes the true judge - the rally is about to begin.

 

[nnuut]

I'm going to hold you to that prediction. I hope you're right.
.............Come on, Come on, Come on..............

 

[Steadygain]

Last night around 9:00 I got the word that Congress would not pass THE DEAL today. Along with that news was told this Monday is a Jewish Holiday - and therefore it was felt THE DEAL will likely be passed and ready to be in place Monday Morning.

Birch (and Nnutt) - There is NO WAY it's getting passed today. During a Financial Meeting last night a message arrived (from Congress) making it clear IT WOULD NOT BE PASSED ON FRIDAY.

SO we know it won't and we've know this before waking this morning.

As I've said - because Monday is a Jewish Holiday - Congress is going to have to hash this out over the weekend. WE (the ones most at the top) want this ready to go Monday Morning - otherwise it won't be until later in the week that it can be done. This will be very bad for the Markets - because if it's not ready Monday morning then we'll see a huge sell off.

As I noted - THE CARDS ARE BEING STACKED - and therefore the only ones to have a voice are those behind the Deal (but to my disappointment it may be an initial $350 Billion).

 

[Show-me]

Here comes the true judge - the rally is about to begin.

It is looking good!

 

[nnuut]

It is looking good!

Yeah, Yeah, Yeah sure it is! Talk is cheap just Show-me!:laugh:

 

[Steadygain]

DEJA VU​

Incredibly enough last weekend stated:
Monday: Congress passes Deal​

So I expected this week to be one of the very best ever!​

Now this weekend:
Congress expected to Pass the Deal by Monday Morning.​

So I expect next week to be one of the best ever.​

Have a great weekend everyone. ​

Peace, Love, and ROCK N' ROLL ​

 

[Frixxxx]

Wow Frixxx! BRAVO my friend.

I got to admit - I'd probably have given you a hug for that one (manly of course) with a pat on the back.

Well done !

I brought this to your house to say thanks! I just wish our society as a whole had a better moral compass. You, my friend, are one of MY bearing points. Have a safe and blessed weekend!

 

[Steadygain]

I brought this to your house to say thanks! I just wish our society as a whole had a better moral compass. You, my friend, are one of MY bearing points. Have a safe and blessed weekend!

Frixxxx,
The Moral Compass of our society is largely drawn from the Political Structure that reigns over it. Somehow we 'have to believe they are above the Corporate Mentality' AND they are there for us.

So look at what we have: The President (who went into Office advocating for less government) has more Government than any other Administration before. He has had more High Key Officials having to "resign" under his leadership than any other Administration. Because it's a Political World, these individuals were spared what they would have faced in any other world. He enacted a program where by thousands could be held, tortured, and kept imprisoned for years on end WITHOUT any shread of offense, violation, or hint of wrong doing. He brought the Country into the greatest debt it's ever known and has outspent anyone else.

Govenment employees near the bottom of the rung alerted the higher ups about the 9/11 condition. They were identified and the seriousness of the situation was accurately assessed. The higher ups ignorned it - totally dismissed it - and 9/11 happened. Bush (and largely Cheney) used this as leverage to go to war against Iraq for WMD. Cheney - puts his company in to build and restore. The bottomline was safety of America (or war against terror) where in fact anti-American sentiment immensely grew.

During this Administration the Housing Sector (under the authority and backing of the Financial Sector) came up with a scheme to rob the population (for which they are responsible) by offering 'GIMMICK LOANS' to buy houses many times beyond their means to afford. The Top Executives got hundreds of $Millions for this.

Now the President is showing himself as a true and wonderful leader by telling the population; "This is a serious matter and I am calling on everyone to work together and save our economy". Now Paulson - WHO IS CURRENTLY THE MOST POWERFUL MAN ON EARTH - is showing he is doing everything possible by enacting A PLAN that will save the economy. Ben is in full agreement.

What is the PRIMARY PURPOSE OF THE PLAN?? To Grant AMNESTY to the TOP EXECUTIVES and avoid exposing the depth and breath by which Government Officials and All Financial Institutions are involved. Paulson, who got $500 Million by Goldman Sachs prior to his current position is under pressure by the Power Players of the World to "bail them out" - as are Bush and Ben. These Players can make things hard on the Economy by "Freezing the Flow" of money and letting things fall. So the underlying BOTTOM LINE IS: The ones who went to War for WMD - in fact created greater hardships with Financial WMD - for which we are currently having to endure.


So the Moral Compass has to be from a source Beyond Society. Over the weekend I've come to realize that you, and many on the MB, have brought me to 'uncharted waters' and I'm afraid. I want to believe it's true (you have no idea) but my fear of disappointment insists that I back off BEFORE I GET HURT. So NOW more than ever I need to try to find the same degree of love, appreciation, and acceptance from an even greater source and I'm sure this source has more than enough to provide it. That way when Luv2read disappears along with the rest, or the site shuts down or suddenly disappears, I can still have what I came to find with all of you. This is all new to me - it's more wonderful than anything I've known. Somehow the BONDS are easier and more real than with others; but the only way I can make it last - is by finding the same measure from an even Greater Source and then I can come back and move on to even greater happiness. But it has to be in steps, I can only go so far before I "get things right" and that way when (and if) the bottom falls out - I'll still be in good shape.

Right now I am far from there, and if this site would disappear I'd be hugely empty. So the MORAL COMPASS has to start with you and your daily persuit to let the LORD fill you, guide you, and keep you. It has to be independent of me; because I could disappear at any time even if the site remains.

Thank you though, I am deeply honored.