Oldtent Archives 2007 - 2008

piece in its entirety to several folks I care about…and it served as the basis for a serious dinner talk with my better half. Personally, I prefer “eye wide open” to “eyes wide shut”, and your superb dissection of the condition of mankind, our current situation and the unholy burden we have placed on our kids most certainly qualifies as an eye-opener. Thank you for taking the time and having the patience to write out such an insightful perspective, replete with personal experiences to make it all real.

Best to you - and hope to hoist a cold one with you some day in the future.

ment does not predict the future price of any thing to the day, exact week or exact month except for the price of a latte next morning .. .. .. has trouble with the present,, stumbles over large cracks in pavement , and defers all question to others who know all things ..

so i read the posts .. form judgements .. look at the charts .. and then just throw a dart..

Rusty Bayonet’s Commentary

UBS AG is marking down the value of the securities in its brokerage customers’ accounts. Until now, customers who were unable to sell securities in regularly scheduled auctions were told that the securities retained full value and would receive higher interest rates. UBS will mark them down this afternoon and inform clients via their online statements shortly thereafter. The markdowns will range from a few percentage points to more than 20%. So, your cash is frozen AND the principal is withering simultaneous. I smell frying BACON. They put their money in bond funds that were “as good as cash”. Sadly, a bond is not as good as cash, which you quickly find out when no one wants to buy your bonds, which is what has happened.

So the value of this “safe” investment is being marked down, and their money that was in it is disappearing. Same thing happened to Schwab’s Yield Plus fund recently.  Sold as safe as cash, down double digit %s on the year.

Know what all your funds are investing in.  There are lots of people out there with money they can’t afford to lose in funds sitting on mortgage bonds that can’t be sold.  Currently they are not showing a loss, because no one wants to mark them down.  Well, now it’s starting.  You think those bank write-downs are the extent of this financial meltdown?  You think it was just the large financial institutions who were going to take it?  Those losses were only the stuff they couldn’t sell to 401ks, pension funds, municipal reserves, etc.

Look out below…

We are together ,Just in strange places.

“All technical analyists are full of Sh.t but, let us dream. Please?”

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At Last! A technical Analyst to listen to…   :-)  (Couldn’t agree more.) Welcomb back Samb.

yours please … ( not of those you subscribe to )

Coincident Price and Time

2_p

Japan Factory Output Falls 1.2%, Second Monthly Drop 

March 31 (Bloomberg) — Japan’s manufacturers cut production in February for a second month as the U.S., the country’s biggest export market, verges on a recession.

Output fell 1.2 percent from January, when it slid a revised 2.2 percent, the Trade Ministry said today in Tokyo. The median estimate of 32 economists surveyed by Bloomberg News was for a 2 percent drop.

The first back-to-back declines in production in nine months indicate companies are concerned world demand will slow as the U.S. economy grinds to a halt. Economic and Fiscal Policy Minister Hiroko Ota said last week the U.S. slowdown may start to take its toll on the emerging markets where Japan ships more than half its exports.

“Output is at an adjustment stage,” said Naoki Murakami, a senior economist at Goldman Sachs Group Inc. in Tokyo. “The drop might be softer in the next two months but we don’t see signs of a production recovery yet.”

Companies surveyed said production will rise 2 percent in March before falling 1 percent in April.

The yen traded at 99.71 per dollar as of 9:40 a.m. in Tokyo from 99.24 before the report was published. The yield on Japan’s 10-year bond fell 3.5 basis points to 1.235 percent.

Reports last week showed a deepened housing slump is taking its toll on American consumers and that the U.S.’s six-year expansion may be ending. Japan’s economy is also worsening, with unemployment rising in February, household spending stalling and inflation quickening to the fastest pace in a decade.

“it makes no difference who the people vote for …what makes the difference is who counts the votes. stalin. or some such? wj”

You can say that again may friend!  But then on the other hand as regards their citizens…when you’ve got nothing you got nothing to lose!

From the Kentucky coal mines to the California sun dum de dum de dum 

LOL

You are looking for perfection. The closest I saw you get  there was with that marvelous lady, some years back.  Nails ,facial twice a week. For gosh sakes, let us dream, to experience such  a Southern Gal for one pleasant nite.

All technical analyists are full of Sh.t  but, let us dream. Please?

every body has one ..some a couple ..

no end to predictions .. and out of all of them some one will hit it snap dab on the nose..

and he/she will then be king/queen for a day

there is not time to invest it as the stocks go on a tear…otherwise, around Wednesday I’ll spend those last few sheckles and we shall see what happens. Boy, I have to tell you, GR has some of the finest posts I have ever read over at GE forum…I spent half an hour discussing with my wife…laying the groundwork for more serious thinking and considerations…

Yes, that line is drawn at 28Apr, however, I’ve been getting mixed messages lately with this latest setback in silver/gold so I’m unsure of the validity of that line at the moment. IMO It’s one to watch though.

well written prediction .. not enough to get really excited, enough to satisfy, and leaves room for any thing to happen ..