MrHanky Posted June 29, 2009 Report Share Posted June 29, 2009 I went to all cash right at the bell....... We may run more tomorrow,but too many may be front running that trade so who knows.Still holding some muni's,but might be done with equities for a bit. Link to comment Share on other sites More sharing options...
Bungster Posted June 29, 2009 Report Share Posted June 29, 2009 I second the motion....All in favor..... Link to comment Share on other sites More sharing options...
Jorma Posted June 29, 2009 Report Share Posted June 29, 2009 It's as if they brought in Leonardo himself to paint the tape. Link to comment Share on other sites More sharing options...
capitall Posted June 29, 2009 Report Share Posted June 29, 2009 discussion brought over from IDS: QUOTE (capitall @ Jun 29 2009, 08:28 PM) True. We are biologically predisposed to function well in an environment where we either kill the wild animal or else it eats us. We don't do as well in an evnvironment where threats to us from wild animals are minimal, and the main challenge is cooperation with other humans so that we do not destroy each other-- not in competition for food but for some dumb reason having to do with differences of religion, culture etc. Somehow I hope we can adapt to the abundance of food that most of us have, at least in developed countries, and to the need to cooperate to solve national and world problems such as economic woes, world hunger, efficient use of energy resources, overpopulation etc. BTW< solve the overpopulation problem and there will be no shortage of anything. Many people in developed countries exhibit a kind of psychological ravenous hunger and greed, despite being well-fed. It's like their nervous systems are going nuts and over-firing. Doc has said that he thinks a lot of them-- like some greedy Wall Streeters-- are on cocaine. It certainly isn't rational to destroy one's national and international economies and social structures, in order to acquire more money than one could ever spend in a lifetime. What are U going to do? Sit alone on top of your pile of money in the charred remains of a wasteland that ends up being your neighborhood? Doesn't sound like a lotta fun to me. ------------------------------------------------------------------------------------------------------- [Lemur] Its all about the pecking order. In wall street the richest guy is the alpha male. Easter Islanders destroyed their environment in building the Moai as their value system was to outshine their neighbours with a better Moai rather than protect their environment and their future. Substitute consumerism for Moai this time with Wall Street being Moai no.1. ---------------------------------------------------------------- Interesting about the Moai. Humans are crazier than apes though. Alpha apes never drain the whole planet of enrgy resources, or feel the need to amass more bananas than they can eat in several lifetimes, or make bombs for the purpose of blowing up apes on the other side of the planet, or have large scale wars killing millions of other apes. Something in our brains must have gone haywire. Or maybe our success at surviving on the planet and reproducing in large numbers has goine to our heads-- and made our heads as big and bloated as the Moai heads, which, according to Wikipedia, were 3/5 of the size of the body of the statue. So maybe they did have the same problem as modern humans, and their statues demonstrated that. We are using our big brains to solve non-existent neurotic problems-- like how can I buy enough yachts and mansions and other crap, most of which is useless to me, to impress other wealthy and powerful people so much, and make me so loved by powerful others that it will make up for the love I lacked in childhood and make me become a confident person with high self-esteem? No amount of money, power, and status will make a highly insecure person confident; the answer/cure is to be found elsewhere. Attention is focused on these non-existent problems instead of on real ones. A middle class person who is fairly sane and confident has much more real wealth than some of these sad characters. Not that their sad lives should keep them from being prosecuted to the fullest extent of the law. They can see a shrink while they are in prison. Link to comment Share on other sites More sharing options...
MrHanky Posted June 29, 2009 Author Report Share Posted June 29, 2009 When we were just below 890,I predicted 950 for month end print.... Not sure if we get quite that high,but I was right for at least 4% so far.My guess is we go up again tomorrow but close well of of the highs .After that down would sure make alot of sense. I am now at insane percentages for closed trades now for the last 6 months.....(thanks to my broker mostly) 77 winners 3 flat trades 2 small losers Holding 1 muni loser but collecting the divies for now. Link to comment Share on other sites More sharing options...
shorty Posted June 29, 2009 Report Share Posted June 29, 2009 well I dunno, maybe stocks do deserve to rally not that the rock-solid economy as anything to do with it, but after all, our brief mini-recession is now over, housing has bottomed (HURRY! DON'T GET PRICED OUT!), good-paying jobs are plentiful and easy to get, inflation is low, gasoline is dirt cheap, the Ditech spigot is running wide open with millions of giant 125% equity checks in the mail, and consumers are loaded with wads of idle excess sideline cash for competitive mall spending, slab granite upgrading, SUV detailing, and leveraged googdonging things are just about as good as they can get........ Link to comment Share on other sites More sharing options...
Jimi Posted June 29, 2009 Report Share Posted June 29, 2009 When we were just below 890,I predicted 950 for month end print.... Yup. I remember - seemed ridiculous. Nice call based on nothing more than Pigmen Forensics. Link to comment Share on other sites More sharing options...
K Wave Rider Posted June 29, 2009 Report Share Posted June 29, 2009 We are using our big brains to solve non-existent neurotic problems-- like how can I buy enough yachts and mansions and other crap, most of which is useless to me, to impress other wealthy and powerful people so much, and make me so loved by powerful others that it will make up for the love I lacked in childhood and make me become a confident person with high self-esteem? No amount of money, power, and status will make a highly insecure person confident; the answer/cure is to be found elsewhere. Attention is focused on these non-existent problems instead of on real ones. We need more like this guy...make your money and then try to do some good with it... http://www.cbsnews.com/video/watch/?id=511...entBody;housing Link to comment Share on other sites More sharing options...
jickiss Posted June 29, 2009 Report Share Posted June 29, 2009 jickiss is back! jickiss is back! and interesting numbers reported re Bernie's Deal.... "Jeffry Picower and Stanley Chais, who collectively withdrew $6.1 billion over and above their principal investment with the Madoff firm" snippet from the following linked article http://finance.yahoo.com/banking-budgeting...od=bb-budgeting this whole deal in now being managed to hide "the other side" of the losing events. Link to comment Share on other sites More sharing options...
jickiss Posted June 29, 2009 Report Share Posted June 29, 2009 jickiss is back! jickiss is back! and, well, do you thimk that Wall Street is a one way Street? maybe you do, maybe you thimk that there will never be any cosmic accounts over-drawn. maybe you thimk that the first will simply move on to another and another and another one way Street. no matter. here is the most important chart of them all....it seems so simple, and so obvious to your jickiss, yet, indeed, the mills of the gods grind slowly... Link to comment Share on other sites More sharing options...
Jorma Posted June 29, 2009 Report Share Posted June 29, 2009 jickiss is back! jickiss is back! and interesting numbers reported re Bernie's Deal.... "Jeffry Picower and Stanley Chais, who collectively withdrew $6.1 billion over and above their principal investment with the Madoff firm" snippet from the following linked article http://finance.yahoo.com/banking-budgeting...od=bb-budgeting this whole deal in now being managed to hide "the other side" of the losing events. Well you have to hand it to the lawyer representing guys who took $6 billion out. Portraying them as victims. The biggest targets include trust funds and partnerships run by investors Jeffry Picower and Stanley Chais, who collectively withdrew $6.1 billion over and above their principal investment with the Madoff firm, Mr. Picard has alleged. The men haven't formally responded to the suits. Their lawyers have said they were victims of the fraud. Link to comment Share on other sites More sharing options...
mdporter Posted June 29, 2009 Report Share Posted June 29, 2009 Spent the weekend reading about the California budget crises. The consensus in the newspapers is that the situation is unfixable and drastic measures will be needed to bring long term prosperity to the state. All the newspapers ran Prop 13 hit pieces over the weekend in a coordinated attack on property tax limits. Every article I read ignored the fact that the huge runup in values over the last several years brought a bonanza of new property tax money to city and state budgets, all of which was spent as fast as it came in. Now we are in an unreality. Nobody wants to make the deep cuts required. Nobody wants to admit the party is over. Anyone who dares layout a plan of budget cuts is instantly labeled as being against Children, the Elderly, Education, or whatever. The drumbeat theme is to Raise Taxes on the Rich. In California the Rich are practically funding the entire budget already. California already has pretty much the highest state taxes in the nation. So it isn't looking good. The budget deadline is this Friday. My guess is that we get to Friday with no budget, then insanity reigns in the capitol building. Link to comment Share on other sites More sharing options...
jickiss Posted June 29, 2009 Report Share Posted June 29, 2009 jickiss is back! jickiss is back! and Dear Jorma, exactly! po things, vics!!! ohmigod, we should all feeeeeelllll sssssooooooooo soooooorrrrrryyyyy for da po vics! all poor litttle vics, all sobbing in a circle, sticky Kleenix all about, shaking with SSsobs! All this nonsense reminds your jickiss of the constant posturing of that Carol Guy, gone, you recall, Everything said and Done was to help "Da Children, Da Children..." right! well, now we know why actors are so well paid, no???? jickiss!!!!!!! Link to comment Share on other sites More sharing options...
jickiss Posted June 29, 2009 Report Share Posted June 29, 2009 jickiss is back! jickiss is back! and Dear mdporter, tanks for the heads up on Kali.....by the way, at least one Observer says that virtually all of the funding of the groups you refer too (Save the Children, Save the Whales, Save the poor, Save em all, etc, BUT CUT -0-) has been funded, directly, by the hedgies in Conn, (Green witch), who will make 40 to 1 on Billions of CDS and other merchandise, which Pay them when Kali goes BK. and, there are 49 More to fleece. ALL OF THE OVERPAID STATE WORKERS, AND ALL OF THE SAME ON KALI STATE PENSIONS, CALPERS PENSIONS, ETC., ETC., RETIRED COPS, FIRE, CLERKS, LEGISLATORS, EX GOVS, LEGISLATORS EX LEGISLATORS, PRISON GUARDS, ETC., SHOULD IMMEDIATELY TAKE A 40% PERMA REDUCTION IN SALARIES, BENEFITS, PENSIONS, ETC, FREE DENTAL, FREE NUT CONSULTATIONS, ETC, AS A START. IF THEY DO NOT, THEN BK LOOMS, AND THE HEDIGIES WILL GET PAID WHILE KALI BURNS! They all still thimk: "All, or Nothing at All!" They are all trying to make 12 the Hardways, with 50 Bucks left in their stash! Soon enough, Nothing At All will sing the song. jickiss!!!!!!!! Link to comment Share on other sites More sharing options...
T_Slim Posted June 29, 2009 Report Share Posted June 29, 2009 Man, only 4 pages on IDS? These markets are boring me to tears. Props to Hanky for calling it right. Patience bears . . . patience . . . Link to comment Share on other sites More sharing options...
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