Hypertiger Posted February 26, 2003 Report Share Posted February 26, 2003 Actually the % of the population hitting 65 begins blast off in 2005 12.5% now 21% by 2035 from what I have seen... "Treasury Secretary: Social Security Has 'no Assets' By Jeannine Aversa Associated Press Writer Published: Jul 10, 2001 WASHINGTON (AP) - Treasury Secretary Paul O'Neill, responding to Democratic critics in Congress, said anew Tuesday the Social Security retirement program has no real assets and must be strengthened. O'Neill's comments were similar to remarks he made in a June 19 speech to Wall Street and corporate executives in New York that promoted President Bush's plan to add private investment accounts to > Social Security. In that speech, O'Neill said "we have no assets" presently in the Social Security trust fund. Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted February 26, 2003 Report Share Posted February 26, 2003 And I was worried about my 401k...... No longer will people have to worry about the endless maze of confusing rules. The two simple accounts will have one powerful goal -- making saving for everyday life and retirement security easier and more attractive.? ...boy do I feel better. Link to comment Share on other sites More sharing options...
BAREister Posted February 26, 2003 Report Share Posted February 26, 2003 oh. They canned O'Neil FUR his "CAN"dor, did they? Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted February 26, 2003 Report Share Posted February 26, 2003 I bought 25 shares of RMBS the other day to get a feel for a mania stock. Somehow RMBS patented air or it seems like it. The whole world is mad at them, at least the tech sector with court battles in progress or pending. This is an idea on paper company where it just holds patents to license. The runups on their file cabinet holdings is infamous. Thought I'd play with something that makes no sense but makes cents. Link to comment Share on other sites More sharing options...
FauxCaster Posted February 26, 2003 Report Share Posted February 26, 2003 I can't help but feel the pressure of the grand stupidity. When exactly do the the pension plans and the 401ks have to actually start funding retirements and become net sellers of the toilet papers. If indeed there is a baby boomer bulge which starts exiting then this is all a joke even to intellects such as Beavis & Butthead. It ain't gonna work. The earnings are leveraged to market through the pension plans which are going to have to sell to pay pensions. Who is dumb enough to think this could possibly work? MP, I kid you not, I've actually seen several poodits on Crapvision claim that the boomer 401k liquidation/retirement fiasco will NEVER happen because the boomers are so well-off, they'll leave their equity holdings for their children in their will. And of course, the children won't liquidate either! I'm not making this up. I think it's in the party-line booklet. Link to comment Share on other sites More sharing options...
Bizarro-Greenspan Posted February 26, 2003 Report Share Posted February 26, 2003 SNOWman chipping the POG with his tiny icepick? Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted February 26, 2003 Report Share Posted February 26, 2003 HP Link to comment Share on other sites More sharing options...
The End Posted February 26, 2003 Report Share Posted February 26, 2003 One of our stoolies was just on cnbs europe. Oyster did a great job dicussing the T/A back drop of the markets. I agree with him in that the spx will hold 862-870 and then plummet. Link to comment Share on other sites More sharing options...
Pretzel Logic Posted February 26, 2003 Report Share Posted February 26, 2003 Is it just me? Or has phat gotten a helluva lot funnier lately? Link to comment Share on other sites More sharing options...
Pretzel Logic Posted February 26, 2003 Report Share Posted February 26, 2003 One of our stoolies was just on cnbs europe. Oyster did a great job dicussing the T/A back drop of the markets. I agree with him in that the spx will hold 862-870 and then plummet. I missed it. Was he looking for that elusive "e" wave we've been discussing? Link to comment Share on other sites More sharing options...
The End Posted February 26, 2003 Report Share Posted February 26, 2003 Prztl, Imho, the "e" wave ended at Fridays lower high of 852. We go down straight away or we dabble in here as a flat before falling in march. Link to comment Share on other sites More sharing options...
Pretzel Logic Posted February 26, 2003 Report Share Posted February 26, 2003 TE- That's what I'm leaning toward too... but I honestly don't know what to make of the market in the short-term. This market is like the last woman left at the bar on a night when you've been drinking heavily --- at first glance, it doesn't look nearly as ugly as it is. My intermediate outlook hasn't changed since mid-January. Down down down. I'm just not sure what to make of the next two weeks. Link to comment Share on other sites More sharing options...
phatbubble Posted February 26, 2003 Report Share Posted February 26, 2003 and now....are oopy, goopy, and shmoopy bullish wedges? it's the exciting conclusion of.... The Three Wedges where we left off.... the three wedges stared at their green rings and then looked at each other with wonderous looks and widening smiles. "hoorayyyyyy," they all yelled together. "we're bullish wedges! we're bullish wedges!" and with that, oopy, goopy, and shmoopy scrambled down and went scampering off, as Great Grampa Wedge smiled after them with a big wedgie smile. ....but later that night, as Great Grampa Wedge was sitting at his computer - jiggling ice cubes in his quart glass of VO, ripping tubes of sticky icky icky, rocking the headphones with in the wake of poseidon, and sifting through a few charts - he began to have his doubts. he looked around him at the little purple fingerprints on all the doorframes. then he looked back at the monitor and narrowed his eyes. then looked around once more. and then the awful truth began to dawn on him. "these little wedges aren't bullish wedges at all. Gramma's been leaving the icebox open again. these goddamned brats have been getting into the jam." Link to comment Share on other sites More sharing options...
Drano Posted February 26, 2003 Report Share Posted February 26, 2003 Oyster's crapeuro appearance must have been quite successful. U.S. futures fell off the cliff at about that time. Hope they stay there by open. On the other hand, Europe is up this a.m. so far. ecch. Must be all that good news, like North Korea saying U.S. is about to attack, and Saddamn saying he won't accept exile. Oooops, never mind. Just went back to check, and though DAX is now slightly down, FTSE and aptly-named CACa are still green, and U.S. futures are recovering. Bad news seemingly still is good news -- hey, HP beat by a penny, and that's all that matters! Link to comment Share on other sites More sharing options...
Oilman Posted February 26, 2003 Report Share Posted February 26, 2003 With a lot of the dippers committed yesterday and the shorts blown out, today might be SG negative 6+% to the down side without bears ramping this thing up with short covering. Look at those futures go, absolutely amazing (all to the down side). Do I dare to be so Bold--Here we go bears, here we go bears!!! Oilman. Link to comment Share on other sites More sharing options...
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