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Thread: amoeba's Account Talk

  1. #1609

    Default Does anyone know what Obama meant when he said, today.....

    "close tax loopholes"

    "open to modest changes in Medicare entitlements"


    Hmmm.........if there were tax loopholes, WTH did you sign the bill....when was that? two weeks ago?

    And......hmmmmmmm again.......not going to change Medicare much, so the budget savings comes from where else? Or is the POTUS just not clued in on what these things cost, or how they get paid for?

    I have no idea what he is saying.....further, I'm not convinced he knows either.....anyone is welcome to explain it (or confirm it is just an excuse to argue some more 3 wks from now). Doesn't seem like anyone cares to solve any of this.

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  3. #1610

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    76,383

    Default Re: Does anyone know what Obama meant when he said, today.....

    Medicare gets charged over $5,000 for some MRIs, CT Scans are also at a premium. These procedures should not cost that much, it's BS, they are only fancy XRAYS and Magnetic Resonance imaging. The main tools doctors use to find out what's happening inside your miserable bodies is breaking the system. 4 months ago I had 3 CT scans, 5 MRIs and 5 Ultrasonic scans, they didn't find anything! ADD it up with 3 days in the hospital and that's about $37,000, and nothing is wrong with me, somebody is sucking Medicare dry! This is beside the fraud that happens every day.



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  5. #1611

    Join Date
    Apr 2005
    Location
    Gainesville, Florida, USA
    Posts
    24,244

    Default Re: Does anyone know what Obama meant when he said, today.....

    You're lucky all they found in your lungs was air and nothing in your head. (pun intended)


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  7. #1612

    Default sideways action continues

    This is a tough one; low volume and vix since new year, a bit of a drift up on the small caps, otherwise listless, quiet market. I see no direction right now....if I were to guess - it would be sideways +/1 <1% to end of month, then filling the gap (i.e., at least 3% down) from the first day of the year, some time a few days at the end of January to the end of the first five sessions of February, and then who knows?

    I don't suppose there's anyone else who really thinks there would be a mild correction, which means there will be one.

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  9. #1613

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    76,383

    Default Re: Does anyone know what Obama meant when he said, today.....

    Quote Originally Posted by Birchtree View Post
    You're lucky all they found in your lungs was air and nothing in your head. (pun intended)
    EXACTLY!



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  11. #1614

    Default Re: Does anyone know what Obama meant when he said, today.....

    Quote Originally Posted by nnuut View Post
    Medicare gets charged over $5,000 for some MRIs, CT Scans are also at a premium. These procedures should not cost that much, it's BS, they are only fancy XRAYS and Magnetic Resonance imaging. The main tools doctors use to find out what's happening inside your miserable bodies is breaking the system. 4 months ago I had 3 CT scans, 5 MRIs and 5 Ultrasonic scans, they didn't find anything! ADD it up with 3 days in the hospital and that's about $37,000, and nothing is wrong with me, somebody is sucking Medicare dry! This is beside the fraud that happens every day.
    What kind of symptoms did you have? Maybe it was gas from too many boiled peanuts.
    Is today Saturday again?

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  13. #1615

    Default what medicare entitlement cuts means most likely this....

    YOU getting cut, not the medical facilities......

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  15. #1616

    Join Date
    Apr 2005
    Location
    Gainesville, Florida, USA
    Posts
    24,244

    Default Re: what medicare entitlement cuts means most likely this....


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  17. #1617

    Default Re: what medicare entitlement cuts means most likely this....

    Quote Originally Posted by amoeba View Post
    YOU getting cut, not the medical facilities......
    Well, you've got me started. The medical industry preys on people making wrong personal decisions about their health. After years of growing up listening to pediaticians, children and their parents give up their souls to doctors who've learned their craft from books written by big pharma, pushing their pills. After we go into the workforce, and a career of paying into medical health care, employers condoned, great btw, to keep an eye on our personal life outside the office, we become believers of the medical system and even pay for it after we retire. If we are lucky we've retained our health during our golden years and begin to believe in our God given immune system that is based upon good, natural foods. Gone are our days of believing in standardized medical practices. We just can't now, find the time or the reason to waste our time waiting in a waiting room, for them to make us only half way better. Here's the truth of the matter. The medical system, doctors included, want their return for investing 10 years learning about what it is they've learned. Their lobby is in Washington cooking up ways to get the public to pay for their offices, expensive homes, retreats. I'm stopping here. You all get the jist of what I'm saying. If you have an ailment, research ways to naturally cure yourself by googling your symptoms. I hear that some doctors are coming around but for me, like Greg Allman sang, "I ain't wasting time no more".

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  19. #1618

    Join Date
    Jul 2012
    Location
    Honolulu, Hawaii
    Posts
    1,823

    Default Re: Who won on the fiscal cliff deal (early retirees with alot of cap gains).

    why do you guys pick on amoeba so much? yeah he's not as aggressive in the market as some of us are, but hey if it works for him and he's happy with it then what's the problem? his strategy would probably kick a lot of our asses if we run into a bear market (and inevitably we will eventually, it's just the cycle of the markets)

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  21. #1619

    Join Date
    Apr 2005
    Location
    Gainesville, Florida, USA
    Posts
    24,244

    Default Re: Who won on the fiscal cliff deal (early retirees with alot of cap gains).

    No one picks on out friend amoeba - many months ago he was dishing out the bearish sentiment and now it comes back around, that's all. Although he would suffice as an excellent contrarian indicator.

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  23. #1620

    Join Date
    Mar 2006
    Location
    Raleigh, NC
    Posts
    3,416

    Default Re: Who won on the fiscal cliff deal (early retirees with alot of cap gains).

    Sniper,

    Almost all of us lost money in 2008. In fact, only 15 AutoTracker types made money in 2008 - and, I think PoolMan must be an inside trader to have made 20%. I keep sending letters to the SEC but they don't seem to do anything - he might be Bernie Madoff. Anyway, Amoeba made 1.58% in the last half of 2008. That would have placed him in the top 15% of we AutoTracker people. I figure that making the top 20% is a great marker. Thus, Amoeba probably had a great year in 2008.

    What I - and others in their own ways - are trying to say to Amoeba is that every year is not a crash. I didn't have a 2008 loss till I got back into equities in October 2008. Then I lost money in a very quick fashion and migrated back out. But, you have to accept losses greater than 1% or 2% to be around when the market gains 4% in a week. Like Amoeba and most others here I don't think you have to ride the pig into the pit, but you have to ride it around a little bit to see where it is going. And, with the inane IFT rules you can only jump on and off twice a month. Those mounts and dismounts are worth more than a little sway on the runnin' razorback.

    The other thing I always try to get through is that the market does not respect any of our goals. Setting a goal of making 0.5% in a month and getting out to avoid risk is actually risky. January was a 4% month. You have to collect some of those gains because February may be a month long slide (it hasn't been, but this is an example). So, you get out in early January after making your half point and get in sometime in February with a goal of making that month's half point. You pick wrong and lose a whole point. Now, you are down a half point. Now you jump off the hog and onto the lily pad. Then you hear that some politicians will promise future cuts to avoid the sequester or something and jump back on - looking for the acorn. Then, after a 1% gain (now you are +0.5% again), some other aged lawyer someone voted for kyboshes the whole thing and the market dumps 3%. Now you are -2.5% and you jump to the lily pad again. Then the market realizes that they really don't care that us gubmint flaks take a 20% pay cut and booms. There you are, watching a 5% move because you have already spent your gold. 100% in, 100% out, and watching from the sidelines at a -2.5% YtoD return. Wash and repeat.

    Finally, making 2% in a market that gains 14% is as bad as losing money. The S&P500 averages 9% or 10%. You probably should soften the risk a bit from a 100% C allocation, but losing 12% of gains in multiple years takes a lot of the buffer away from correction years. If you are averaging +2% per year than a single week of 2008 would wipe out years of growth and require years to recover. And, making 2% a year in your 40's will result in Social Security type distributions in your less than golden years.

    So, no, folks are not really hammering the guy. He seems nice enough and spry enough and can handle his own. Just concerned. If he is 45 years old he is locking in the Alpo Meal Deal Retirement Plan. If he is 60 years old he is playing it smart.
    Lookin' up at the 'G Fund'!!!


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