Thread: Silverbird's Account Talk

I should NOT have stuck my toes in. Well it looked Cheep, then when I bought we had the darn "Bailout imminent" false alarm. Must HOLD, cannot panic. At least it looks like F is not following CSI today.
Still stuck in:
3% C7% S 5% F 85% G

Now a word from our sponsor, Corporate Worker Bee in Dire Straits, because no one with retirement outside of the TSP got the joke of the first version. Comments welcome.

I want my, I want my IRA
Look at them yoyos with my 401K
They play my money down in NY way
It ain’t workin’ but that’s the way they do it
They play my money down in NY way
It ain’t workin’ but that’s the way they do it
Lemme tell you, they can play dumb
Maybe lose a bundle in the wrong investment
Maybe lose a bundle missing the right one


We’ve out here workin’ in a nasty sandbox
We want to move our money around
We’ve got to plan for our long future
We’ve got to retire before our century

That big fat porker with the Dagwood and the Garmin
Severance package? That's his own affair
That big fat porker's got a Cayman's mansion
That big fat porker is a billionaire

We’ve out here workin’ in a nasty sandbox
We want to move our money around
We’ve got to plan for our long future
We’ve got to retire before our century
(moola moola!)

I shoulda learned to loan out money
I shoulda learned to pass those ARMS
Lookitthat! A short seller
Running by b*** naked with no money down
And him up there? Is it Paulson?
Or Berneke droning on the economy?
It ain’t workin’, but that’s the way they do it.
They play my money down in NY way

Originally Posted by Silverbird

...because no one with retirement outside of the TSP got the joke of the first version. Comments welcome.

If Steady is our minstrel, then Silverbird must surely be our poet laureate!
Lady

Fellow National City Mortgage holders, latest analysis on company survival: http://money.cnn.com/2008/09/29/news...ion=2008092915

Good news: not leveraged up to the hilt.
Bad news: Stock has plummeted in line with other mortgage companies
Biggest risk: panic
"The main risk at any depository institution is a flight of deposits," Sanford C. Bernstein analyst Kevin St. Pierre wrote Friday.

So far, there's no sign National City has had any problems keeping its deposits. St. Pierre wrote Friday that through the end of the second quarter in June, there was "no evidence of flight at NCC, with the company having already made plenty of negative headlines."

Originally Posted by Silverbird

Fellow National City Mortgage holders, latest analysis on company survival: http://money.cnn.com/2008/09/29/news...ion=2008092915

Good news: not leveraged up to the hilt.
Bad news: Stock has plummeted in line with other mortgage companies
Biggest risk: panic
"The main risk at any depository institution is a flight of deposits," Sanford C. Bernstein analyst Kevin St. Pierre wrote Friday.

So far, there's no sign National City has had any problems keeping its deposits. St. Pierre wrote Friday that through the end of the second quarter in June, there was "no evidence of flight at NCC, with the company having already made plenty of negative headlines."

Thanks for the link. I'll keep an eye on them.

Hey, just for you, Silverbird:

Wow I'm famous! (yeahright, Bird!) Thanks Fabijo!

*beep* The one day pout is over. This is a test of your financial system. Today and the next few days will be critical
*beep*

Prediction: Senate will pass the bill, market will continue to be confused, possibly a small downturn or upturn.
Then the House will vote exactly the same way as last time, or maybe even more against, and that will kill the bill, and the market will tank.

The reason?
Senate can be "disciplined" by party leadership on both sides to eat this sandwich.
The House is too big for that to happen, and those on both sides who already voted against this bill aren't interested in the decorations when they don't want the gift.

I'm getting out, even though it's going to hurt, I'm not in losses yet.
100% G by COB

We will keep our powder dry for a better proposal, this one was dead as soon as it was named a bailout because no one has confidence a bailout will work.

Originally Posted by Silverbird

Prediction: Senate will pass the bill, market will continue to be confused, possibly a small downturn or upturn.
Then the House will vote exactly the same way as last time, and that will kill the bill, and the market will tank.

The reason?
Senate can be "disciplined" by party leadership on both sides to eat this sandwich.
The House is too big for that to happen, and those who already voted against this bill aren't interested in the decorations when they don't want the gift.

you don't think Pelosi can get ~12 votes and House Repub leadership can get 1 or 2 more? Wow, if Senate passes and House doesn't, people will lose faith and we'll tank for a couple of days.

Mmmmm Have to wonder?
Sentiment is changing in Washingon from, “No and Hell No”, to “Get Some Thing DONE!”
Could it be that people are starting to take notice of their 401 statements?
Could it be that the Chamber of Commerce finally was able to break through all those negative phone call?