Thread: Steel_Magnolia's Account Talk

welcome to tsp and good luck, alot of good people,good luckand good trading

Good to have you here, Maggie. This market calls for nerves of steel, suspect you've got those in spades-but when the clouds gather, its time to head for cover-I agree w/chicken little there, myself.

welcome home.

p.s. the sky ain't falling, it never does, noone who has predicted that has ever been right, yet.

Maggie, Real nice to have you here on the MB.

By the way. How cold is the beer?

Thank you for your visits to my MB home, kar_crazy, alevin, burro and nasa! And nasa, how cold do you want the beer to be? I'll keep it an ice bath if you prefer.

I'm not going to be around a whole lot at first. But if I'm not home when you knock just come on in. The door won't ever be locked. Y'all just make yourselves at home.

Maggie

Maggie,
It's wonderful to have you as part of the MB.

I've done a lot of crazy things and will be super careful ~ or try to be ~ so if I'm rarely around please don't take it personally.

My spouse of 28 years is the only person that could ever have given me the 3 most precious girls that ever lived. We have been through many hard and trying times over the years -- but somehow every change was a change for the best and in the end we are very fotunate to have the lives we have and all we do.

We moved to our present home to 'be there' for my inlaws and it's the longest time we've been in one place. After moving here they bought 80 acres and built their home a 5 minute drive from us. They are as close and meaningful as my own parents.

Your music sounds wonderful and I spend an hour driving to work and back home listening to a wide variety of music. I go to symphonies occasionally and to special events - like world class violenist or pianist - as the center near me is famous for its perfect acoustics and beauty.

My favorite music by far is what Nature itself offers -- a waterfall is probably my favorite - but rivers and streams and the wind and birds and the splashing of fish in a pond and all other forms of Nature do wonders for me.

TSP is something I'm striving with everything to handle more appropriately and make changes for months at a time - rest with that and leave it. For the past few months I've been 70% S and 30% C - and I had 'no problem' with the deep drop and subsequent pop that occured. I went 100% G today because I cannot justify 'consolidation' in light of the current conditions and for me it's better to 'preserve capital' when it appears a downward trend is inevitable.

Well have a great day! and hope you're doing well.

Steady

*Burp* Bird is at the third layer of her slice of coconut cake yum. I'm starting the coffeemaker with low octane (decaf)

Steady, yes, I'm doing better but it sure seems to be a slow process. Thanks for your visit.

Maggie

Zacks video is about 20 minutes long. If you don't have time to watch the entire thing, I would recommend going to about 14 minutes in to watch the comments about Bernanke's statement on the GDP figures. Consensus is recovery is slower than expected but they don't think we're looking at a double dip recession.

http://www.zacks.com/commentary/1553...ugust+28,+2010

Maggie

Zacks August 27, 2010, weekend article lays out some good reasons to be cautiously optimistic about equities. (For TSPers that means C, S and I Funds.) However, the article talks about being careful about investing much in the I Fund analogs.

The article also warns folks at or near retirement not to invest money on which you can't take a 20-30% hit, because that kind of drop can happen.

My favorite paragraph from the article:

"...What this all means is that economic news is mixed. The double dippers and fear mongers just want to cling on to the negative stuff and there is some out there...but not all. And a lot of what they are clinging to is not reports showing negative activity. Rather it is a stalling out of previous positive trends. Stalling and falling are two very different things. And right now the proof of a double dip is just not there for me. Nor is it there for the vast majority of economists who closely watch all these indicators. ..."

http://www.zacks.com/stock/news/3943...k+Market+Style

Maggie

Most interesting read of the morning:

Supply and Demand: A Detailed Analysis at Projected Home Prices

By Tyler Durden, August 30, 2010

"As everyone who has taken Introduction to Voodoo Bullshit, better known Econ 101, can attest the following chart is basically as ugly as it gets: in simple terms when you have a collapsing demand curve coupled with a surge in supply, the bottom line is that no matter how much intervention is involved, nothing can help to restore the pricing equilibrium to its old level (at least not for a long, long time)...."[more]

http://www.greenfaucet.com/node/18475

Maggie