Steel_Magnolia's Account Talk

ma'am, are you interested in a new jail card? or prefer to just avoid the riff raff? and you've been doing such a good job of it.

printing presses are rolling, get it while it's hot.
 
Has anyone seen my mother, she went shopping and we have not seen her in a few hours. She is white, less than 5 feet, glasses and curly white hair. I sure hope she remembered to take her self protection we got her for Christmas.:D
 
Excellent!
I thought so too! (or were you just making a pun about my former life :nuts:)

Either way, thanks for your visit, and WorkFE and jdpx too! I hope you grabbed some banana bread off the counter while you were here.

Yes, even in my more solid life I made banana bread today, chock full of walnuts just like Spouse likes it. I had some overripe bananas and I was feeling half decent so I just stirred some up.

After all, life is too short to eat brown bananas!

Maggie
 
Here is the October 16 Zacks video.

http://www.zacks.com/commentary/15986/Profit+from+the+Pros+-+October+16,+2010

The part of the video that was of greatest interest to me started at about minute 15.

At that 15 minute mark the discussion started with thoughts about QE2 (second quantitative easing). There was a prediction of S&P 1312, an 11% gain. There was discussion about the possibility of QE2 causing further weakening of the dollar. The panel thought that the majority of things they were seeing in the economy were positive things with one major exception, and that was that the moratorium on housing foreclosures could cause unintended consequences.

Maggie
 
thing with foreclosures is that the entities receiving money for the loans, do not hold the mortgage documents. By law they must, or they don't have the legal right to foreclose. It's become unsecured credit, just like a credit card. they do not have title to the property, and may never have gotten the title when they obtained the mortgage note. question is-who does have the title document. It has to be paper with hardcopy signatures on it showing the transfer-to have legal ownership of the property.

Other thing is the entity receiving the loan payments-invested in bundles of mortgages-which were guaranteed to have certain guaranteed credit quality mix, maybe 10% or less high-risk loans. but they were sold bundles with 60-80% high-risk loans-or worse. that's fraud. they need to put those bundles of bad loans back to the banks that sold them, let the banks eat the losses and people go to jail for securities fraud. It's far far worse and deeper than a delinquent homeowner/mortgage payer who should never have been given the loan in the first place if the banks issuing the loan had done due diligence in the first place. they didn't and didn't care, because they were getting the loan risk out of their hands asap and the risk unloaded onto somebody else who didn't know the risk they were taking on because it was misrepresented to them when they bought.
 
I quite agree with you about the mortgage loan and mortgage bundling fraud, Allie. I remember our discussion of it on the MB before it ever hit the newspapers.

If we as Jane Q. Citizens could see it, then shame on the regulators who were in place at that time! :notrust: They had the frat party and then handed the broom and dustpan to the American citizens on their way out the door to spend their golden parachutes. :mad:

Maggie
 
Yesterday was a scary day as I watched the equities half of my TSP lose and lose more. But I'm staying the course. And this is why.

As I studied the charts for the C, S and I Fund analogs, I saw that each of them are still much higher than their 200 day average, higher than their 50 day average, and higher than their 20 day front weighted moving average. And all three of them are right at their 5 day front weighted moving average! Interesting.

And, yes, I use a front weighted moving average for my 20 day and 5 day averages. It shows a changing trend faster than a simple moving average does.

Anyway, cutting to the chase, because of the charts I'm still holding at 50% G, 13% C, 17% S,and 20% I.

Maggie
 
So I was just reading Tom's Notice about the M*l*t*ry T*m*s getting a bug up their ... nose ... about this forum. Jeesh! I have posted a paragraph and link to more from their various sites often in the past, and was careful to only post enough to get people to click over to the article itself.

Now not even a link to any of their sites??? :blink: Wonder why their hair is on fire over this. Anyone got any ideas?

Maggie
 
Well there are apparently clowns all around. Send in the clowns. As a Vietnam Veteran I know better than to read their crap let alone link their stuff.
 
Maggie,
I just bought an emWave Personal Stress Reliever. The most recent model through Heartmath sounds excellent.

All the psychiatrists I work with have used it - and their testimonies (along with others I've met) convinced me it's worth a try.

It's roughly $200 - and I got mine through Amazon.com - for the 'free' 2 day shipping.


I'm sharing this because I know how stress and pain go hand in hand. If you're interested I'd be glad to give you my honest assessment here and there - as it sounds like something worthwhile.

Sincerely,

Steady
 
...I'm sharing this because I know how stress and pain go hand in hand. If you're interested I'd be glad to give you my honest assessment here and there - as it sounds like something worthwhile.

Thanks for the thought but, after reading about it on Amazon, I probably get the same response from my pranayama practice (breathing exercises taught in yoga). And my responses can be erratic now anyway. Since my illness in July my autonomic nervous system is not behaving properly.

Maggie
 
I was going to lighten my exposure to C Fund when the S&P got to 1195. And we're there right now. So why am I not selling some C? I've been studying charts all morning and this one is the one that brought it home to me. With a hat tip to JTH!

View attachment 10113

This chart shows the exponential moving averages for 4, 7, 10, 13, 18, 24, 27, 33,and 39 days. Sometimes looking at whether the color ribbons are compressing or crossing is more visual to me than when I'm looking at my charts that are covered with things like PSAR and Bollinger Bands.

If you're interested, here are the charts with the analogs for the S, I and F Funds.

View attachment 10116

View attachment 10115

View attachment 10114

Maggie
 
Thanks for the thought but, after reading about it on Amazon, I probably get the same response from my pranayama practice (breathing exercises taught in yoga). And my responses can be erratic now anyway. Since my illness in July my autonomic nervous system is not behaving properly.

Maggie

Amazon is simply selling a product and would have little, to no, understanding of the 20 years of research involved.

The Institute of Heartmath - would be a far better place to find the information to really appreciate why I'd even bother telling you.

http://www.heartmath.org/templates/ihm/downloads/pdf/research/publications/qualitative-study-of-heart-mind-coherence-techniques.pdf
http://www.heartmath.org/research/science-of-the-heart/introduction.html
Both of these links are very helpful and I hope you're open to it. The autonomic nervous system is extensively detailed and is very much the basis for its success.
I'll leave you alone on this (I promise) and I have no 'vested interest' other than wanting to help. I ordered it only because I read up on it before hand - anyway - if not this I do hope you find something.
 
Well, today EFA (I Fund analog) is down a bit because the dollar is up a bit. IWM (S Fund analog) is up a bit. And SPY (C Fund analog) is down a bit but is right at its volume-weighted price average (VWAP).

What a day. It will be interesting to see where everything closes. Still holding 50% cash and 50% equities.

Maggie
 
My personal charts are telling me that it's getting time to lighten my exposure to stocks. I hate to do that today when the markets are down, but I want to have it done by Friday. So I need to pull the trigger today or tomorrow.

But all the other little fish are probably thinking the same thing. And the big fish are probably already out. So we're probably going to have down days the rest of the week. Maybe I've missed my selling window and I'm just going to have to ride this out....

::: Drumming fingers on desk :::

Decisions, decisions!

Maggie
 
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With your available cash position you could be looking at a golden opportunity to double down at lower prices - be strong and stay long. The hits are only temporary because the bull market remains intact. Now is not the time to cut and run in my humble opinion.
 
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