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Steveg's Account Talk
- Thread starter steveg
- Start date
Gumby
Active member
The increase was due to all the paper and soybeans to be made into ink hauled to the FED's.
Ben is giving the tree and soybean farmers stimulus.
Birchtree
Well-known member
http://safehaven.com/article-12932 for Steveg.
Palladium and Another Potentially Strong Buy Signal on the Dow?
http://safehaven.com/article-12932.htm
http://safehaven.com/article-12932.htm
he forgot the ".htm" :d
steveg
Member
Thanks for the link, Birch. It (and you) might be right. However, I still don't hear any fundamental, logical, common-sense reasons to explain why the market is going to go on a big bull run. Denninger's analyses seem quite logical to me; on the other hand, looking at a bunch of graphs of past market perfomance -- while that has its place -- does not "do it" for me. Again, that is because in this case I feel that the unbelievable amount of strong-handed government intervention in the economy over the past several months throws a huge monkey wrench into things. It's tough to look at past recessions, to me, and then try to gauge what might happen this time -- when the government is on the course it's on, spending trillions of fake dollars...
But, I'm sounding like a broken record...
Steve
But, I'm sounding like a broken record...
Steve
BULLonPARADE
Member
I agree with Steve. It's all fake or to put it a better way "being orchestrated". The intravention skews all forcasted trends based on past performance. I made a good chunk but bailed a little early. I need a lull in the action until 02 April.
steveg
Member
Here's an interesting quote, from a New York Post article written by Charles Hurt..
"FOR a guy who talks so much about wanting a new era of re sponsibility, President Obama spends an awful lot of time blaming Republicans for all the wild and reckless spending he crammed into his own budget.
After running a campaign against the $1 trillion deficit he "inherited" from President Bush and the Republicans, Obama quickly matched it. During his first 50 days in office, he and his Democratic-controlled Congress spent $1 billion an hour.
Under Obama's proposed budget, the overall national debt doubles in five years and triples in 10. Not exactly "moving from an era of borrow and spend to one where we save and invest," as he promised."
A billion (fake) dollars an hour for his first 50 days? Tripling debt over the next 10 years? Sort of illustrates why I'm skeptical about looking at past market performance as an indicator of the future...
Steve
"FOR a guy who talks so much about wanting a new era of re sponsibility, President Obama spends an awful lot of time blaming Republicans for all the wild and reckless spending he crammed into his own budget.
After running a campaign against the $1 trillion deficit he "inherited" from President Bush and the Republicans, Obama quickly matched it. During his first 50 days in office, he and his Democratic-controlled Congress spent $1 billion an hour.
Under Obama's proposed budget, the overall national debt doubles in five years and triples in 10. Not exactly "moving from an era of borrow and spend to one where we save and invest," as he promised."
A billion (fake) dollars an hour for his first 50 days? Tripling debt over the next 10 years? Sort of illustrates why I'm skeptical about looking at past market performance as an indicator of the future...
Steve
BULLonPARADE
Member
No IFT's till the 1st to take effect on the 2nd. Can I place an IFT on the 31st to take effect the first of next month?
Minnow
Well-known member
Unfortunately, no... 2nd is earliest you can be "in the market." Unless it's a move to the G... you can do those anytime.
Thanks again FRTIB!!!
steveg
Member
Did my first "<1%" IFT today!
New balances, after COB today:
81% G
7% F
6% C
3% S
3% I
Otherwise, I'm still locked out of IFTs until Wednesday; plus, I'm not sure I have a good enough feel for market direction at this point to know what to do; the auto industry/govt. giving them more money thing has tossed yet another variable into the already complex scenario.
Steve
New balances, after COB today:
81% G
7% F
6% C
3% S
3% I
Otherwise, I'm still locked out of IFTs until Wednesday; plus, I'm not sure I have a good enough feel for market direction at this point to know what to do; the auto industry/govt. giving them more money thing has tossed yet another variable into the already complex scenario.
Steve
steveg
Member
I was just talking to a co-worker about the economy and the current administration, and he used an analogy that I thought was really good -- it describes how I see things.
He said that it seems as though we are on the Titanic, and the captains of the ship know what has happened; however, they simply ask the band to strike up another song and make merry. The passengers, who have noticed that the dance floor seems to be tilting, simply conclude that they've had too much to drink -- and thus keep right on dancing.
Our current administration is certainly cranking up the music; I'm just wondering why I seem to be in the minority in thinking that this tilting floor is NOT due to excessive alcohol consumption, but is actually hinting at a gigantic problem. It seems so obvious to me that the tilting floor is a harbinger of a sinking ship -- and yet when I try to talk to other dancers, I most often get a sideways look, and the suggestion that I simply grab another cocktail and join the party...
Steve
He said that it seems as though we are on the Titanic, and the captains of the ship know what has happened; however, they simply ask the band to strike up another song and make merry. The passengers, who have noticed that the dance floor seems to be tilting, simply conclude that they've had too much to drink -- and thus keep right on dancing.
Our current administration is certainly cranking up the music; I'm just wondering why I seem to be in the minority in thinking that this tilting floor is NOT due to excessive alcohol consumption, but is actually hinting at a gigantic problem. It seems so obvious to me that the tilting floor is a harbinger of a sinking ship -- and yet when I try to talk to other dancers, I most often get a sideways look, and the suggestion that I simply grab another cocktail and join the party...
Steve
