tsptalk's Market Talk

[Boghie]

Also Note...

Since May, the Federal Gubmint has been spending significantly less then last year. I just cannot see the pattern. I don't know how that could have happened. Every dime is important. Somehow the gubmint has spent $78 Billion dollars less in the months of May and June compared to last year.

Just to think, VP Biden dug deep to cut $2 Billion out of next year's budget. Cuttin' to the bone. But, Jabba the Hut hasn't even felt the $78 Billion dollar scratch.

Increase their credit max. The end is near.

 

[Mapper]

that is unless congress has vacation plans they don't want to cancel..

Magic 8 ball says..."It is likely"

 

[Frixxxx]

Also Note...

Somehow the gubmint has spent $78 Billion dollars less in the months of May and June compared to last year.

DOD made the sacrifice to get that $78 Billion less. It hurt big time....The project I'm on took it in the shorts......Contracts pounding the pavement as we speak. Caveat, their not getting it back next year either! Guess we better get some troops home!

LINK

 

[RealMoneyIssues]

DOD made the sacrifice to get that $78 Billion less. It hurt big time....The project I'm on took it in the shorts......Contracts pounding the pavement as we speak. Caveat, their not getting it back next year either! Guess we better get some troops home!

LINK

Lots of Contractors and Government employees from USJFCOM pounding the pavement too.

Hmmm, did DOD get to keep that savings to spend on something else more important...

 

[Frixxxx]

Lots of Contractors and Government employees from USJFCOM pounding the pavement too.

Hmmm, did DOD get to keep that savings to spend on something else more important...

No, Feds took it all back and removed that funding from future budgets.

 

[RealMoneyIssues]

No, Feds took it all back and removed that funding from future budgets.

It really was a rhetorical question and the answer may be why SECDEF Gates decided it was time to retire.... hmmm, save some money and Treasury decides it's more important to give to to someone else then let you RUN YOUR DEPARTMENT EFFICIENTLY...

 

[jpcavin]

How about the market? Does anyone want to make any comments about the market outlook? :nuts::toung:

 

[Birchtree]

Yea, the secular bull market continues. Remember October 2008 and how you could have made a killing out of a crisis by bargain basement buying. I do, and did, but I don't think another opportunity is coming anytime soon.

 

[nasa1974]

Yea, the secular bull market continues. Remember October 2008 and how you could have made a killing out of a crisis by bargain basement buying. I do, and did, but I don't think another opportunity is coming anytime soon.

Hope we don't see another 2008. I lost half my account. Can't afford that now.

 

[Warrenlm]

but I don't think another opportunity is coming anytime soon

Could it be that the apparent relatively calm behavior of the market under all the bad news pressure is a collective recognition that enough money can be printed to solve all ills and that The One has shot his last w*d and will be one-term?

 

[Birchtree]

Eunuchs don't have w*ds. This one is toasted and 17 months is way too long to remain in office.

 

[Birchtree]

http://blogs.marketwatch.com/thetel...dent-obamas-approval-is-good-for-the-markets/

 

[DAWG51]

AT LAST!!! Finally, Both sides have come to an agreement! What a bunch of morons.

Now if we could just get the NFL Owners and players to resolve the Debt crisis….

 

[nasa1974]

AT LAST!!! Finally, Both sides have come to an agreement! What a bunch of morons.

Now if we could just get the NFL Owners and players to resolve the Debt crisis….

I don't know if that would be a good idea. I already give the government about 28% of my money. I can't afford 47%.

 

[tsptalk]

Still looking for 1100 to 1120 to be tested. 1100 was the approximate low. 1120 was the closing low.

Reversals can be quick if we get one, so I wouldn't try to get too cute and try to buy at exactly 1100 - particularly in our TSP accounts with the transfer delay. It could happen (close on 1100) but not likely.

There is of course, the possibility that 1100 does not hold. This is a test. They don't always pass. :blink:

 

[tsptalk]

The Dow Transports are down over 5% and have tested the low (made a slightly lower low) and held, but still below the closing lows.

 

[JTH]

The Dow Transports are down over 5% and have tested the low (made a slightly lower low) and held, but still below the closing lows.

Thanks Tom, I'd also like to point out that on the 6 month charts, the transports have retraced less than the other indexes, only managing a 23.6% bounce as compared to the 38.2% bounce on the S&P 500.

 

[Appatite]

Still looking for 1100 to 1120 to be tested. 1100 was the approximate low. 1120 was the closing low.

Reversals can be quick if we get one, so I wouldn't try to get too cute and try to buy at exactly 1100 - particularly in our TSP accounts with the transfer delay. It could happen (close on 1100) but not likely.

There is of course, the possibility that 1100 does not hold. This is a test. They don't always pass. :blink:

Hoping to re-enter around S&P 1120 or lower. But I don't want that point /day to be tomorrow as I would hate to be going back in COB friday. I'd rather wait and see monday and be in COB that day. The weekends just scare the crap out of me. Plus only 1 IFT left for the month.

Someone on here thinks S&P 975. All I can think is WOW.

 

[tsptalk]

Dow up 90? Feels like a trap.

 

[tsptalk]

OK, Dow is back in the red. That's more like it. But I am going to make a one day move (that's the plan anyway) into the stock funds for Monday based on Ebbchart's daily pattern for Monday.

Without going into too much detail, Monday's pattern also occurred on Aug 9 (S fund up 6.6%), Aug 11 (S-fund up 5.24%), and Aug 15 (S-fund up 2.84%).

It will probably be a big day - I just hope the pattern remains up and doesn't decide to change it's tune on us. :blink:

This is my 2nd IFT in Aug so I will be able to move back to G if I want, which will likely be very quickly.

For the record, I was in the stock funds from Aug 1 thru Aug 15 before selling, so I am down 7.7% in August. I got lucky and sold the rally on the 15th and have been out since... until this coming Monday.