Thread: Phillyfed's Account Talk

Discuss your Allocations and tactics here!

Good day to have some cash in play on the sidelines.

Upped the TSP another 20% to 60% stocks. Bought a couple more stocks. Small Caps are getting crushed. Large Caps will lead us out IMO. So will US Equities.

I like the S&P EVEN MORE AROUND 1400.

Look for the Turkey Rally Wed.-Fri. You might want to be 100% in stocks by then if only for the short term. Another strong sell-off tomorrow will be a perfect lead-in.

Originally Posted by phillyfed

Good day to have some cash in play on the sidelines.

Upped the TSP another 20% to 60% stocks. Bought a couple more stocks. Small Caps are getting crushed. Large Caps will lead us out IMO. So will US Equities.

I like the S&P EVEN MORE AROUND 1400.

Look for the Turkey Rally Wed.-Fri. You might want to be 100% in stocks by then if only for the short term. Another strong sell-off tomorrow will be a perfect lead-in.

Agree with you, Phillyfed. I transferred from 100% G fund to 50% stocks/50% G fund for tomorrow.

Was it me or was anybody else sick to their stomach watching CNBC essentially pimp Dubai, UAE today?

We had some "financial gurus" from the Royal Kingdoms providing us all with their brilliant market insights. Never mind these fools made their riches off of the sand rich in black gold beneath them. Of course they had to be showed how to pump it and refine it by Western countries. Particularly, the USofA. Now they flaunt their decadence, which is held by few and brainwash the masses that the US is "the great Satin".

Now these people run a virtual Utopia state. Im quite certain they have no trouble with $100 Oil. They build the largest buildings in the world. They plan to build a theme park that will make Disney look like Six Flaggs, all on the backs of slave labor wages.

I foresee $4 gasoline next summer, as the "summer driving season" approaches. (Without a war with Iran of course).

I traded in my 2006 AWD Acura MDX this past weekend. A gas sucking pig at 15 mpg, soft-footing it. I "downgraded" to a 2007 Nissan Altima Hybrid that gets 42 CITY 38 HWY and 700-800 miles between fills. You get less money in your pocket from me.

Hopefully my Hybrid will be obsolete in another 10 years as we develop a fuel alternative. I'd love to see these people drink their Oil. Its too bad BushCo. and all the lobbyists will do everything in their power to not allow this to happen.

Yep!!! Spot on, phillyfed.

for a second there it sounded like you were talking about our country

Originally Posted by phillyfed

A $2 Trillion cut in lending may be coming our way, according to Goldman Sachs (GS).

"The slump in global credit markets may force banks, brokerages and hedge funds to cut lending by $2 trillion and trigger a "substantial recession" in the U.S., according to Goldman Sachs Group Inc.

Goldman's forecast reduction in lending is equivalent to 7% of total U.S. household, corporate and government debt, hurting an economy already beset by the slowing housing market. Wells Fargo & Co. Chief Executive Officer John Stumpf said yesterday that the property market is the worst since the Great Depression."

link... http://www.minyanville.com/articles/...917/from/yahoo

What worries me is that Goldman Sachs was the only Brokerage firm that got the subprime mess correct. They hedged against it.

Best to stay nimble here.

I posted this in another thread and was informed that Minyanville was a known bear site.

Of course i know this but the quotes were from Goldman Sachs (Wall streets best firm IMO) and Wells Fargo, a pretty large lending resource. Minyanville just reported what Goldman and WellsFargo put out late last week. Add that with todays housing news and another dislosure of another Billion dollar write-down and OHmyGod, we are down another 200+ pts.....Shocker!!

As well. Im in 60% as of todays close. I believe we'll hit 1400 on the S&P then bounce like crazy off those levels. If we go through that then Im out of this thing. I doubt this scenario will happen thou.

My year end projections put the S&P between 1470-1490. JMHO

... that August low candle wicked down to 1370... too tough to speculate how it will play, especially w/ that ift deadline. True, when the real broad based accumulation piles in, it may bounce up several percent... but trying to call the low in this volatility in a TSP account would be more luck than skill. I can definitely see the reward in timing it in a trading account though, with also significantly less risk. Sounds like time for me to read up on conditional orders!

Originally Posted by fedgolfer

for a second there it sounded like you were talking about our country

I like to think our country became of decadence through the hard work of the middle class and the brilliance of our forefathers in creating what was once/and hopefully still is the perfect government. Somewhere along that path, we lost our way.

There was an excellent article in the Sunday Philadelphia Inquirer comparing the current US Empire to that of the Roman empire collapse. It contrasted how the Roman empire fell from within to our Countries, system of contracting out gov't work and lobbyist power in Gov't. A hurtful but must read.

And heres a scary thing to throw at you.....IF Hillary gets in we have the potential of 2 families running this country from 1989-2017.......Thats 28 years of Bush/Clinton rule!!

Originally Posted by Show-me

Yep!!! Spot on, phillyfed.

Thank You Sir. Im glad you felt that same rage. I am not alone

Futures are up but I think we are heading down for the day. Im thinking we rally the day before and after Thanksgiving day thou.

I up my 60% to 100% stocks before todays close. 1470-1490 on the S&P by years end IMO. Thats 4% upside by years end.

My account is down about 3% from its highs, taking away added contributions. Im up 11% for the year with the help of Ebb from July to Sept.