WorkFE's Account Talk

[WorkFE]

Economy leaves millions of drivers uninsured

Insurance industry study warns that 1 in 6 won’t be covered by end of year

As much as I wished there were no uninsured motorist on the road I can't say I blame them. I dropped AIG 8 months ago when they tried to raise my Rates 35%. Crazy. I guess they figured I was going to pay their bonuses. Turns out I am anyway.
Just got my renewal for progressive, although no increase this time, 6 months from May will be a 14% increase. Between my wife and I we have had no traffic accidents or law violations in 25 years.
Insurance is gov't manadated and these companies are fleecing people for sure. Someone needs to drop the hammer on them.

 

[Minnow]

Economy leaves millions of drivers uninsured

Insurance industry study warns that 1 in 6 won’t be covered by end of year

As much as I wished there were no uninsured motorist on the road I can't say I blame them. I dropped AIG 8 months ago when they tried to raise my Rates 35%. Crazy. I guess they figured I was going to pay their bonuses. Turns out I am anyway.
Just got my renewal for progressive, although no increase this time, 6 months from May will be a 14% increase. Between my wife and I we have had no traffic accidents or law violations in 25 years.
Insurance is gov't manadated and these companies are fleecing people for sure. Someone needs to drop the hammer on them.

I'm guessing that you have tried to figure out a way to qualify to become a USAA member just for insurance purposes?

 

[WorkFE]

I'm retired military, already qualified. There services and rates are ballpark average. I may go back to them but I like keeping my house and all my toys under 1 roof. There are companys out there better suited to do that.

The point is the uninsured rate is going up because 1-Some people don't care. 2-more importantly, the ones I care about, people are having to make a choice between eating or driving legally. They are being squeezed and I hate to see that.

 

[Birchtree]

I've been with GEICO since I returned from Vietnam - never have had a problem with their service. The company is owned by Warren Buffett. Hey, once the technicians get done slaving over the charts this weekend you can expect a probable explosion come Monday and all next week - the bulls will be ignited to assult the SPX 943 level which would be a 42% gain off the March low of 666. There is still 16 billion shares out there short and they are definitely getting squeezed. On toward victory to the 200 day MA at around 1006 - it may even be lower now.

 

[WorkFE]

Thanks Minnow and BT,
I'll probably stay with progressive for the next 6 months (Max Policy here in KY) and see how things are going when renewal time comes up.

 

[WorkFE]

Nice followup to yesterdays small gains. The only fund lower than the April 3rd high is the I fund & only by a few pennies.
S fund breaks through the $12 mark. Might have to change my contributon direction the S was attractive at 9-10. Of course the upper end of the S was 20 at one time so 12 is still a steal. If you believe that in the future we could get back there.

Hows the tracker looking

How about UP 50 spots.

 

[WorkFE]

All's quiet at home, extended family gone, holiday over. Peace.

Happy trading this week everybody.

 

[WorkFE]

Nice flat day, sure did not look like that before lunch.

Alot of talk about companies that set their 09 budgets using 08 oil prices, profits could be better than expected considering oil retreated after that. Something to keep an eye on.

I don't follow Chrysler to close but GM, if it can survive, and Ford have some exciting products coming out. Ford's stock is showing approval. When I jumped on a $2, my brother inlaw who works for ford told me not to waste my money. What a steal.

Goldman looking to sell stock and start paying back TARP. This after a reported profit.

This could turn out to be a very interesting week. Good luck everybody. Getting alittle lonely in the pool. I guess everybody is waiting on May for the IFT's.

 

[WorkFE]

I used this little rally to recover from -7%. So I won't abandon it yet. I don't mind a pull back but a couple more days like that and I'll be sitting in the Garage.
The VIX dipped some today and we lost ground in the market. That is some what unusual for a 2% down day. There were gainers in the Banking and Energy Sector.
I believe there is some uptrend left on the table but knowing and believing are two different things. That being said, for those in risk, the rest of this week could test your metal. No shame in taking the gaines and resting.
For those in safety, would another day tomorrow just like today give you a better entry point or are you thinking low 700's?

Good luck everybody

 

[WorkFE]

A liitle uptick this afternoon would be nice but becareful of the cliff.
Don't mind me I was thinking outloud

 

[Medic72]

we got our nice little uptick!

 

[WorkFE]

Even a blind (Stupid) squirrel finds an acorn every now and then. Walk softly and hide your big stick.

 

[WorkFE]

For about 30% of those in the tracker the last half of April will be like walking on broken glass. Tread lightly and don't be a pig or take a shot and go for the 5 hole.
What to do what to do.

Mortgage rescue plan is out- How will the market react?
Some Sector stabilization occuring- How will the market react?
If you can answer those 2 questions it sure would help tomorrow decision deadline.
Futures start in the green- better than the last few days.
Overseas markets might provide some insight in the mourning.

GL everybody

 

[Guest2]

Overseas markets might provide some insight in the mourning.GL everybody

Why do I believe that your spelling of "Mourning" (sadness, loss) was
intentional, in lieu of "Morning" (sun up, breakfast time). Are you saying
that those Brit's and Asian's are gonna pull us down again ? :nuts:

Just kidding ! Having a little fun with a play on words !

 

[WorkFE]

A person who reads between the lines, I like that. Mispelling on my part. Overseas markets are mostly green. No huge gains but green none the less.
I am looking for my majic 8 ball to figure out what to do today, I'll be back.

 

[WorkFE]

I have gotten to the point where I don't even check the market in the last 30 minutes.
I think they should only be open from 3:30 to 4:00 since that is when we sink or swim.
Maybe we are just running out of steam to keep this rally going.

 

[Guest2]

I have gotten to the point where I don't even check the market in the last 30 minutes.
I think they should only be open from 3:30 to 4:00 since that is when we sink or swim.
Maybe we are just running out of steam to keep this rally going.

The BULLS love catching the SHORTS with their guard down!
(or is it the Guards with their shorts down?)
Dumb Money = First Half Hour ! :ban:

Smart Money = The Last Half Hour !

If the smart money is setting up for Monday, come 3:30pm, maybe the
weekend will bring no bad news and we can continue alittle while longer.

 

[WorkFE]

Someone find Medic72, I've got a sucking chest wound.
Easy come, easier to go.

 

[Guest2]

Someone find Medic72, I've got a sucking chest wound.
Easy come, easier to go.

Thats what happens when you stand in front of a cannon. But in my heart
of hearts, I really believe the S&P will find it's way back above yesterdays
levels and possibly over 900. :worried:

 

[WorkFE]

SB,
I feel that way also, but I can still see the dim light of the locamotive and I'm frozen on the tracks.
The safe thing would be to get off the tracks but my gut says "Don't do it".
Mixed signals muddy the water. I have gained enormous shares selling high and buying low so they are forever mine as long as I remain disciplined. The train is coming but which track is he on.