Thread: rangerray's Account Talk

I'm really not sure, but I will sit out on the side lines in the G fund to see if it starts to come up again. Thanks for sharing the information.

It goes without saying that I'm not sure either. They say by the time one figures out a pattern, it's probably about to change. Will this be the change?

RangerRay
I respectfully disagree. I think the worries of the US debt ceiling, FOMC, and U.S. budget are blips. Evergrande doesn't really concern me itself - but, post reverberations will. Evergrande owes deposit money to a lot (a lot) of customers worldwide. they've borrowed against overinflated prices of realestate that they don't actually own and are in debt to a large number of banks worldwide (althought their biggest debt is to China with its grossly overinflated currency). the results will cause people to re-evaluate soverein debt, the actual value of currencies, and of realestate. this on the eve of U.S. banks getting ready to put a number of realestate properties into foreclosure at the end of this year - so what is now showing on the profit side for banks will move to the debt side for banks. I think we will begin to feel the crunch at the end of this year or definitely beginning of next.

Originally Posted by mmk119

RangerRay
I respectfully disagree. I think the worries of the US debt ceiling, FOMC, and U.S. budget are blips. Evergrande doesn't really concern me itself - but, post reverberations will. Evergrande owes deposit money to a lot (a lot) of customers worldwide. they've borrowed against overinflated prices of realestate that they don't actually own and are in debt to a large number of banks worldwide (althought their biggest debt is to China with its grossly overinflated currency). the results will cause people to re-evaluate soverein debt, the actual value of currencies, and of realestate. this on the eve of U.S. banks getting ready to put a number of realestate properties into foreclosure at the end of this year - so what is now showing on the profit side for banks will move to the debt side for banks. I think we will begin to feel the crunch at the end of this year or definitely beginning of next.

I'm thinking more in terms of the short term with my most recent comments.

my apologies rangerray. we must've be saying the same thing a different way.

Originally Posted by mmk119

my apologies rangerray. we must've be saying the same thing a different way.

No apology necessary. It's all quite confusing. I think in the long run we're definitely in for some trouble, so I'm just trying to look ahead in terms of days, not weeks or even months. In regards to charts, though, I do look backwards. My current strategy has me looking back even more often because I see this pattern that I mentioned with my last two charts. There seems to be some repetition until one day it just won't work.

I haven't looked at any news this morning, but I'm counting on the Fed to not say anything to spook the market today. I'm watching to see if this rebound turns into a rally and, if it does, I'll be watching to see if it reclaims the 50 DMA. If it looks like either C or S is going to stall at the 50 DMA, then I'll likely bail out to the G Fund.

Today's one of those days where I would typically move some funds to safety on the back of my good fortune of the last couple of days, but I feel like there is still adequate momentum to just hold what I've got. If I would have moved today it would have been from 50%C/50%S to 25%C/25%S. I'll decide tomorrow if I want to follow through or just go completely to G Fund for the rest of the month. Today I am feeling greedy.

Right there with you. I think the uptrend, even if it tapers some, is still headed in the right direction through the weekend. The past few months, the rebound upwards after hitting the 100DMA has been pretty strong/sustained... Good luck!

The market seems to have paused a little today and so am I. I'm moving half of my account to the G Fund and will let the rest ride (25% C & 25% S) until I see what Monday looks like. September has been a good month for me, so I'm going back to my conservative ways for now. Happy Friday!!

I don’t have time this morning to give the market my attention and simply moving all to G Fund. I was 25% S and 25% C. Hopefully today doesn’t wipe out the gain I had for September.


Scott Harrison
Senatobia, MS

Well, I couldn’t get logged in to the TSP because of some sort of up address/browser issue, so now I’m locked out of my account for an hour because I’ve tried to log in too many times. Sometimes this stuff is just waaaaaaay too secure!!!!

So, I’m still 25% c and 25% S.

Maybe dip buyers will save me this afternoon. 😀