Thread: Budnipper1's Account Talk

During periods where there is alot of manure being thrown around it is usually the time when the bear strikes. I'm not sure it is the same this time though. This market hasn't had a real rally in awhile and is due. This one may be good for another 10% or so. I'm looking to exit around 800 ish.

FRIDAY the 13th MYTH - DISPELLED

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Let's hope for lots of green Tuesday. Well, Monday also......

I bought a bird feeder. I hung it on my back porch and filled it with birdseed. What a beauty of a bird feeder it was, as I filled it with seed. Within a week I had hundreds of birds taking advantage of the continuous flow of free and easily accessible food.

But then the birds started building nests in the boards of the patio, above the table, and next to the barbecue. Then came the poop! It was everywhere, on the patio tile, the chairs, the table…everywhere!

Then some of the birds turned mean. They would dive bomb me and try to peck me even though I had fed them out of my own pocket. The other birds were boisterous and loud. They sat on the feeder and squawked and screamed at all hours of the day and night and demanded that I fill it when it got low on food.

After a while, I couldn’t even sit on my own back porch anymore. So I took down the bird feeder and in about three days the birds were gone. I cleaned up their mess and took down the many nests they had built all over the patio.

Soon, the back yard was like it used to be…quiet, serene and no one demanding their rights to a free meal.

Now let’s see…..
Our government gives out free food, subsidized housing, free medical care, and free education and allows anyone born here to be an automatic citizen.

Then the illegals came by the tens and hundreds of thousands, millions. Suddenly our taxes went up to pay for free services; apartments are housing 5 families; you have to wait 6 hours to be seen by an emergency room doctor; your child’s 2nd grade class is behind other schools because half the class doesn’t speak English.

Corn Flakes now come in a bilingual box; I have to ‘press one’ to hear my bank talk to me in English, and people waving flags other than ‘Old Glory’ are squawking and screaming in the streets, demanding more rights and free liberties. When asked why they breed like cockroaches, the reply is that it is a cultural thing.

Just my opinion but, maybe its time for the government to take down the bird feeder.

75/G - 25/C

Walmart cuts costs for improved profitability. (No Bail-out required)

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Yeah…I finally won at somethin’, even though I came in second-fiddle! I’d forgot all about the 2009 Dow contest until Tom messaged me. Thanks, Tom! I’m forfeiting my prize, since I’ve been so inactive on TSPTalk, but I still feel like a winner. My vote’s for Tom sending it to the lucky “nnuut” instead, in honor of his recent retirement. Congrats, nnuut! Just for the record, I had 95% of my TSP money in the G fund for most of last year, with 5% in C. Yeah, I could have made alot more money, but I’m happy with my decision because I slept good all year. On a positive note, I take a small monthly draw from my account every month to supplement my retirement, but my balance didn’t go down at all. Compounded interest RULES! Hope I can keep that up from now on so my daughter can inherit a nest-egg! I hope everybody here has another great year and you all become millionaires! I’m NOT, but I’m doing just fine anyways! Take care. -Doyle

A green font - for profits and luck I assume?

Always good to hear from you bud. Did you make your guess for the 2010 Dow?

Yeah, $ GREEN $ is my favorite color! heeheee!
I didn't make my lucky guess for 2010 yet, but I will soon. Thanks again!

Originally Posted by tsptalk

A green font - for profits and luck I assume?

Always good to hear from you bud. Did you make your guess for the 2010 Dow?

Originally Posted by budnipper1

Yeah…I finally won at somethin’, even though I came in second-fiddle! I’d forgot all about the 2009 Dow contest until Tom messaged me. Thanks, Tom! I’m forfeiting my prize, since I’ve been so inactive on TSPTalk, but I still feel like a winner. My vote’s for Tom sending it to the lucky “nnuut” instead, in honor of his recent retirement. Congrats, nnuut! Just for the record, I had 95% of my TSP money in the G fund for most of last year, with 5% in C. Yeah, I could have made alot more money, but I’m happy with my decision because I slept good all year. On a positive note, I take a small monthly draw from my account every month to supplement my retirement, but my balance didn’t go down at all. Compounded interest RULES! Hope I can keep that up from now on so my daughter can inherit a nest-egg! I hope everybody here has another great year and you all become millionaires! I’m NOT, but I’m doing just fine anyways! Take care. -Doyle

Hey BN1 long time sense I've heard anything from you, it seems you are doing fine. My 1st official day of retirement today and it started good last night when I didn't have to set my alarm clock!! It's GREAT so far!! Right now I'm 100% "G" missed the 1% drop last week but also missed the big rally today. 2009 wasn't good to me but there's another year to deal with, hopefully I'll do better this year. I plan on taking Monthly distributions when I get around to it no more than 4%. Come back and see us sometime we miss your HUMOR!!
Norman smily3.gif

Is CNN really going out on a limb here and predicting a "Bull"?

"U.S. stocks were set for a slightly higher open Wednesday as investors awaited the first major economic readings of the week."

/"Investors will take in a reading on state unemployment data for January, which is due out at 10 a.m. ET. --
A report on wholesale inventories is also due out then. A gain of 0.2% is expected for January, according to a consensus of economist forecasts from Briefing.com. --- The dollar slipped versus the euro but rose against the yen and the pound. The price of the 10-year note rose, pushing down the yield to 3.71%."/


http://money.cnn.com/2010/03/10/mark...Latest+News%29

http://www.marketwatch.com/story/mar...2?pagenumber=2

Market Crash 2011: It will hit by Christmas
By Paul B. Farrell, MarketWatch
Feb. 22, 2011

(page 2, closing remarks)
Yes, the bubble will pop this year says Grantham: “If the S&P rises to 1,500, it would officially be the latest in the series of true bubbles. All of the famous bubbles broke, but only after short rates had started to rise.”

So keep a close watch on those two tipping points in your planning, interest rates breaking to the upside and the S&P closing near 1,500. When inflation pushes interest rates up they’ll choke off this bull market. If you’re active, better stop chasing higher returns, especially emerging markets.

Bottom line: In what sounds like a direct shot at super-bull Jeremy Siegel, Grantham says that GMO’s research warns that “the market is worth about 910 on the S&P 500, substantially less than current levels” just above 1,300.

Then Grantham throws his fast ball right down the middle: “The speed with which you should pull back from the market as it advances into dangerously overpriced territory this year is more of an art than a science, but by October 1 you should probably be thinking much more conservatively.”

Translation: Get the heck out of Wall Street’s stock market casino soon, maybe as early as July 4th, and definitely get out by Christmas, because soon all the lies, lying and liars will stop working.