WorkFE's Account Talk

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Ice storms may have done me in today. Trying to ensure comms stay up, working on public address system and then finally helping figure out a shelter area when power is out every where.

I wanted to be out today. Oh well, hopefully the landing won't be to hard.

Hope everyone had a good day.
 
WorkFE said:
Ice storms may have done me in today. Trying to ensure comms stay up, working on public address system and then finally helping figure out a shelter area when power is out every where.

I wanted to be out today. Oh well, hopefully the landing won't be to hard.

Hope everyone had a good day.
Click to expand...

Yeah, we just went through the same thing with an ice storm, but wasn't as bad as it could have been. Looks like you took the #1 spot on the leader board. Congtatulations! Hopefully there will be a little more upside tomorrow and you can bail. Goodluck on the ice storm power outages.
 
Good news, power slowly being restored to the housing areas. Just a couple of spots still out.
Bad news, Ice still all over every thing, suppose to get windy tomorrow, I hope it does not undo all the hard work our electric co. has done and make our military personnel and their families endure more hardship. Shelter living sucks.
More bad news, I did not want to move out of the I fund until 11-1130. I was out and about and never got back to the office.
Hope everone got done what they needed today. Maybe get alittle of it back tomorrow.
 
Got power back on at the house Saturday night.
Thank goodness for the Camper. Came in handy.

I am still up alittle from my entrance so we will see how Monday goes. Maybe there will be an opportunity to back out with something left in the kitty.

Have a great Sunday
 
Buffett's metric says it's time to buy
According to investing guru Warren Buffett, U.S. stocks are a logical investment when their total market value equals 70% to 80% of Gross National Product.


Well, in that case let me skip my mortgage so I have more to invest.
 

Bank of America simply had an awful day on the Dow, plunging 11.3% to $4.70 and hitting its worst level in what appears to be at least 19 years.

Citigroup Inc, which has also received a large cash injection and a government guarantee of assets, were up as much as 10 percent at $3.82 before falling back to close at $3.49 -- a gain of 0.9 percent, or 3 cents.

General Electric tops the list. Investors are on "bad news watch" for the dividend or credit rating with so much uncertainty surrounding the stock.

Caterpillar is seeing heavy options activity as its stock trades moderately higher today.

General Motors, Nough said
As of Monday, the combined profits for the 217 companies of the S&P 500 that had reported quarterly results were a staggering 42% below Wall Street estimates, according to Thomson Reuters. The consensus Wall Street estimate was accurate for only 20 of those corporations.

You can't hide in this mess. :( .01% return is looking real good abou now. I think I am going to be sick:embarrest:
 
GE's Immelt Says He's Prepared to Run Company With AA Rating; Shares Fall General Electric Co. Chief Executive Officer Jeffrey Immelt said capping management pay is “not conducive” to the best leadership while acknowledging “people are angry” at business leaders in general.

Love to see him right that ship, them, Catapillar, GM and Ford.
Couple of biggies that have been good to me.
Of course you know what they say "From the penthouse to the outhouse"

They'll be back and at these prices "All Aboard"
 
I remember a time in the past when GE split 2 for 1 twice in one year - now that's performance.
 
Got that right. Ah the good old days. (playing soon in a theater near you):nuts:
 
I noticed a few people creeping out of the (G)arage. Most testing the (S)treet, (C)auseway and (F)reeway. Not quite ready for the (I)nterstate.
Me, I am exceeding the speed limit and need to slow down.
 
WorkFE said:
I noticed a few people creeping out of the (G)arage. Most testing the (S)treet, (C)auseway and (F)reeway. Not quite ready for the (I)nterstate.
Me, I am exceeding the speed limit and need to slow down.
Click to expand...
i am still on the jack stands , dont know if i can get her out of (G)Ggarage just yeat Hmmm:worried:
 
The best part of today is that the stock market is closed. And after last week, I needed three days off.

My wife and I went to see Jeff Dunham live in Lexington. Him and guitar man are absolutely hilarious. Great time.

Some small bits of economic good news:
1. Over a third of the stocks in the S&P 500 are in positive territory.
In 2008, 25 stocks finished in the black. However we have a long year ahead of us.

2. According to fund tracker Morningstar, technology sector funds are up 2% year-to-date. The only other class of stock funds that have gained ground this year are healthcare funds.

3. Shares of Morgan Stanley are up 43% while Wall Street rival Goldman Sachs has gained 14%.

I am not suggesting that our financial problems are over. We need the banking sector to heal its self first for there to be a recovery in our own financial interests. There could be another mass panic selloff which would defintely lead to lower lowes.
All we can do is protect our assets and be prepared when the market is ready to rally.
 
Took a bath today with a wire brush. That was ugly.
I made the decision to spread out in GCSI a couple of weeks ago. I was comfortable with my entry point. Still am to be honest with you. If it drops again tomorrow I might throw in the rest of my G. Then I will officially a buy and hold.
Do I wish I was 100% G and CSI go to a buck. Sure then we would be all in together.
I expect the market to keep doing what it has been doing. It is not like we have not seen it this low before.
If I was sitting at 1 or 2 years remaining I would be alot more cautious but I'm not.
Good Luck to all of you.
 
There is no full proof strategy. Whatever your strategy is you must have believed in it or you would not have selected/designed that strategy in the first place. This is not the time to forget what you did with your intestinal fortitude. Lately I have generally set my two week allocation to the one that looks the most attractive price wise at that time. I have to put it somewhere or stop investing. To me that is not an option.
I continue to do all the things I did before all this mess low crawled up on us.
I contribute to my TSP at the same rate. I put money in my savings at the same rate. I buy my US savings bond every month like I have been doing for the past 20 years. And yes I have my safe that I put cash and other valuables in monthly. No jars in the back yard. (YET):D
I worry about those who are moving their money back and forth. Not all but most do not understand what they are doing and are actually hurting themselves. I have complete confidence in those in this MB but you are but a fraction.
I believe there are better days ahead with some gut wrenching days thrown in to give us something to write about.
Good luck everyone and especially to those who have helped me when I had questions.
 
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