Tsunami's Account Talk

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We built the infrastructure of South Vietnam and now they are our trading partners. The money spent in Iraq will end up a good investment. Now we can give more dollars to the minoirity at risk crowd or pump more into education in Kansas City.
 
Birchtree said:
Now we can give more dollars to the minoirity at risk crowd or pump more into education in Kansas City.
Click to expand...

perhaps a "good" investment as well? Much less blood involved, only took 30 years for VN to pan out economically, and now only because they are the fast becoming the cheapest competent labor on the planet.
a bird in the hand...
 
Seems like an IRS and law enforcement fantasy....
http://theeconomiccollapseblog.com/...vernments-are-banning-large-cash-transactions

This German report follows a similar recent UK report and the warning report from our own Dept of Defense....
http://www.spiegel.de/international/germany/0,1518,715138,00.html

I don't buy it (gold is really stretched and may be putting the final touches on a wave 5 of 5 up, ready for a fall to as low as $700, or even below $500 per Daneric: http://3.bp.blogspot.com/_TwUS3GyHKsQ/TIar9OxG0eI/AAAAAAAAHdQ/NEbQ33oIVLQ/s1600/gold.png) but who knows....

http://jsmineset.com/2010/09/07/strapping-in-for-the-big-move/
 
Speaking of peak oil, can you imagine what would happen to Priceline if the travel industry got hit hard right now? Even without that, it's poised to come tumbling down to that last (wave 4) low below $200 as soon as the current parabolic thrust higher ends....that's a textbook 5 waves up.

z
 
Tsunami said:
Speaking of peak oil, can you imagine what would happen to Priceline if the travel industry got hit hard right now? Even without that, it's poised to come tumbling down to that last (wave 4) low below $200 as soon as the current parabolic thrust higher ends....that's a textbook 5 waves up.

z
Click to expand...

that's a nice ramp
 
DOL is holding hearings on the 401K confiscation plans today and tomorrow....

“Testifying for the House Committee on Education and Labor, Ghilarducci proposed that the government eliminate tax breaks for 401(k) and similar retirement accounts, such as IRAs, and confiscate workers’ retirement plan accounts and convert them to universal Guaranteed Retirement Accounts (GRAs) managed by the Social Security Administration.”

http://www.financialsense.com/index.php

Webcast link: http://www.dol.gov/dol/media/webcast/live/ Some guy is talking about TSP funds right now....
 
Tsunami said:
DOL is holding hearings on the 401K confiscation plans today and tomorrow....

“Testifying for the House Committee on Education and Labor, Ghilarducci proposed that the government eliminate tax breaks for 401(k) and similar retirement accounts, such as IRAs, and confiscate workers’ retirement plan accounts and convert them to universal Guaranteed Retirement Accounts (GRAs) managed by the Social Security Administration.”

http://www.financialsense.com/index.php

Webcast link: http://www.dol.gov/dol/media/webcast/live/ Some guy is talking about TSP funds right now....
Click to expand...

Now that would be the straw that broke the camels Back!! An investor friend and mentor of mine was talking this same issue several months back that he had read the same thing about the Gov confiscating our retirememnt accounts. It scares him so bad, he turns 59 I believe this year and he is pulling everything out of TSP and the market..... He told me to buy guns, gold and ammo!! He maybe onto something!!!
I thought he was a little out there, but maybe not......and this guy is very smart and has been an active trader for a long time....he has made alot of money in the markets over the years...so he is someone to listen to...

Blindman out!
 
:laugh:
Tsunami said:
I doubt it will go anywhere, but they're still talking about it.

The first link I meant to post was this article:
http://www.financialsense.com/contributors/d-sherman-okst/the-6-trillion-401k-grab
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I hear you, but the fact they even talk about it scares the the fire cracker out of me...... A few years back I never heard of a guy named "Obama" and when I did, I thought a guy with a name like this would never make it to the big house...:blink:.... well I have had to eat some crow on that issue!! But, I usually eat quite a bit anyhow......especially when it comes to the Market!!!

GL Everyone - I have been way off the last week or so on my interpretation of the recent market......I'm about to get filled up on all of this crow lately:laugh:
Blindman
 
This and more will be necessary to manage our debt. One of the things that has to happen is much more of the debt has to be owned by the nation's citizens. What's not clear is whether 401ks will be safe. Long term of course. Nothing to worry our little heads about now. Move along.
 
"Dumbed-down" is a hot button for me. My daughter when in middle school was being bused to maintain the liberal dogma of racial parity in education. The problem was she was not learning anything and was content to be lazy like everyone else around her. I had to get a lawyer to put a stop to it and get her moved to another school which was only 3 miles from where we lived. My initial applications were declined on two occasions - reasons given by the liberal idiots was that moving one white girl would irreparably disturb racial parity. Come to find out there were 1500 other families that did the same thing during that year. There is a reason the Kansas City school system has failed.
 
Birchtree said:
"Dumbed-down" is a hot button for me. My daughter when in middle school was being bused to maintain the liberal dogma of racial parity in education. The problem was she was not learning anything and was content to be lazy like everyone else around her. I had to get a lawyer to put a stop to it and get her moved to another school which was only 3 miles from where we lived. My initial applications were declined on two occasions - reasons given by the liberal idiots was that moving one white girl would irreparably disturb racial parity. Come to find out there were 1500 other families that did the same thing during that year. There is a reason the Kansas City school system has failed.
Click to expand...

don't blame you a bit
We did the same thing, only of a different tactic.
Gotta do what you gotta do when it comes to preparing the children.
Sounds like the board and superintendent needed some renewal.
Oregon has a revolving door when it comes to education leadership. That's one of the reasons we moved out of state.
 
Wow, not a bad location either being convenient to both the Oregon coast and Portland. But there's still plenty of room though for more downside in home prices all up and down the west coast I think. Condo prices in the development where I lived in the Bay Area have dropped an unbelievable 80% since the peak in 2005, clear down to the original 1985 selling prices, but home prices haven't followed (yet). If the Fed is successful at engineering inflation, and businesses start hiring, then it won't happen either.

I was hoping for a drop down to 1110 or so to get in for what I now suspect could be a continuing rally clear until early November, but the market didn't even give me that. Argh. The Birchtree express is rolling along. We'll see what happens with today's rally, things are still pretty overbought but could just stay that way with guys like David Tepper yapping it up on CNBC every day. That news of China halting rare earth metals shipments to Japan is pretty significant for Japan, that means no hybrid vehicles, no cell phones, no anything that requires rare earths. Wish I'd bought some Molycorp when it went public recently.
 
Markets are at an interesting juncture here. Since 7/19 Needham's Daniel Code has been pointing to 77.92 as a target for the dollar http://www.thedanielcode.com/display.php?nav=archives, and it just pierced it http://quotes.ino.com/chart/index.html?s=NYBOT_DX&t=&a=&w=&v=i ...it will be interesting to see if the dollar can now muster a bounce to his next turn date of about 10/19 (and likely drops stocks with it). If not, the last line in the sand for the dollar is 75.77.

There's also been a long-standing head and shoulders target for gold at $1325 and it's just surpassed it. The stock market's drop over the last few days was just another 3-wave pullback, so that points to new highs above 1157 unless a bad ISM number or some other news can turn things down. With another gap up today, there's something like 7 gaps below that need filling at this point.
 
S&P 500 has broken through the 1150-1155 resistance level. Now what?:confused:
 
The percentage of stocks above the 50dma is over 90%, a level only reached once in the last year, at the April highs... I can't seem to paste the image here, but the symbol for that chart on stockcharts.com is $SPXA50R

Unemployment picture not getting better.

No worries, buy buy buy! :)
 
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