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Thanks Mark. Did you enjoy yourself south of the border. My wife just said yesterday that we need to take a little jont down Mexico way.
TKat
Hi Tom
I went to the Automatic Investors web site to get an update and got a message that said they would be back up June 16th. Know what they're doing? Overhailing their web site?
Started aiming Armhy last year, looks like its getting ready for it's first sell pretty soon. With the Naz at 1600 things are starting to look up for my portfolio.
TKat
Does this mean the Idiot Wave and the AIM BB would be more worth while if we charged for it???
Yes, but only if you charge newbies, not your old faithful followers.
TomK: Tax that other guy behind the tree, not me.
That looks a lot like mine. Duke gives me the same kind of look.
"What, your going somewhere on a week-end,not likely." He just let's me go to work so I can make money to pay for his dog food.
Kat
So Keith.
Do we fire Matt and if so, right now?
When are they going to put up a "Who loves Tom V" survey?
TomK
I'm going to work on getting better at investing next.
Your other option is to get so good at picture taking that people will throw money at you. LOL
Kat
Nice pic uf.
Kat
So is the rose. Your getting good at that picture taking stuff.
"The Idiot Wave indicates that we're more likely to see a rally than a further decline."
Looks like you called today's action. One day is a start. LOL
TomK
From Tom's latest edition of the newsletter.
"So, can we see a rally from these levels? Yes it is possible. Can we see further decline? Yes that's possible, too."
So this is the definitive pronouncement we get for our high priced subscription? A definite maybe?
Seriously, thanks Tom for your continued fine efforts with with both the newsletter and the thread.
I do retirement counseling, as part of my job, and today I had a lady stop by who told me she was about ready to cash in at least half of her tax advantaged supplemental retirement program. She has been steady throughout the Bear market and is a long time investor but appears to finally letting her fears get to her.
Anyone else seeing signals like this?
TomK
don't know if we are setting new lows, or starting to move up!
Probably the IW is bumping along the bottom. At least Tom's birthday wasn't marked by a new low-was it the 23rd or 24th? Second Qtr GDP numbers were just revised upward so it ain't the economy.
But FUD is so strong there's no telling when investor confidence will start to strengthen.
TomK
Obviously it ain't in english.
Obviously you be right.
But on this board during these times who would notice?
Kat@exceptthethreadmaster.
I'm assuming we still don't know how to imbed a picture.
But what the heck, Eric & Frank have only been working on it since the first of the month; it's only the 24th. I'm sure their're trying to fix the market too.
Kat
>>Gee, maybe we should try direct mail marketing. Just stick some certificates in envelopes and mail them out to prospective buyers. If they want them, just return a bank check, if not, mail them back! Now I'm going to have to come up with a mailing list.<<
Uuh, don't send me any, I've spent all my money already. The person that sent them to me said they were sure fire winners. Burned a big hole in my portfolio.
TomK
A Beautiful Market Kenneth L. Fisher
http://www.forbes.com/forbes/2002/0916/160.html
Not your normal read on the market-Hope he's right. TomK
<snip>
How beautiful? Count the ways. First, big is beautiful. Big bear markets are followed by big rallies. There are no exceptions. This bear, with a 48% decline in the S&P 500 at its worst point this summer, falls in the middle of the range of the seven big bear markets of the last century. With the exception of the Great Crash, which took the Dow down 89% between 1929 and 1932, big bear markets have sliced stock prices 42% to 55%. But if you think this is like 1929-32 you are delusional: Absent are the 1930s' massive global trade barriers, the massive worldwide destruction of the quantity of money and the massive economic dislocations.
Following all the big market drops came 12-month advances, ranging from 29% to 65%, with a 50% average. That's big. And beautiful.
>>How can we get a 2% commission on that $3 Bil?<<
Easy for you.
1. Just assess each thread member a proportional share of the $3 bill.
2. Send them a bill for 2% of that amount. Of course you need to remind them of all the money you'ved helped them make with the IW and newsletter.
3. Set up an off balence sheet limited partnership with me and send me 10% of the 2% you collect. ( we might want to hire an Enron guy or gal to set it up right )
Tom
>>Follow the money?<<
I'm running as fast as I can but I can't catch up!
TomK
What's $3 Bill between friends.
Hope that did mark the bottom. Probably won't know for 6-12 months.
TomK
I guess it my turn to do the weekly post.
What's going on? Have you been baning again unk?
TK
Did anyone here the Mutual Funds outflow number for July? I caught the tail end of a short report the other day but never heard it again. It was projected that there would be a net redemption of $50 billion and I think that number was hit but don't know for sure.
TomK
Tom
The big question is whether this latest was the first or second bottom!
Here is a link and a snip from today's Jubak article.
http://moneycentral.msn.com/content/P29012.asp?special=msn
<snip>
I believe that the current rally will fail, leaving us stuck in a bear market. I believe that we'll revisit the July lows once more. And I believe that this bear could well end just as the 1973-74 bear did -- after crushing one last promising end-of-the-year rally so cruelly that lots of investors swear off equities forever.
If he's right then watching the IW like a hawk might help one get through the valley.
On the other hand, history repeats but not in detail so if everybody is looking for another bottom and the market rises without them...?
TomK
>>Please understand that these PIC listings are hypothetical.<<
I knew that Tom. Just fealt like "pulling your leg" a bit. Starting to feel a little better witrh the market action these last few weeks. A couple of my aim accounts have gone into "Hold" positions this last week. That's an improvement.
TomK
TomV
I see the ADCT account has a buy recommendtion of 3,733 shares with cash reserves of $2.53. Looks like one of those screaming buy calls, no? How do you do that-I mean buy 3733 shares with $2.53?
moi has many aim accounts like that!
TomK@rallaysmakemegiddy.pov
'Resources' tend to get Depleted!
I've noticed over the years that my depletion allowance went to somebody else.
TomK
the Human Resources (I hate that werd and like personnel better)
But my good man your not understanding the evolutionary process at work.
Before HR there was personnel. Before personnel there was Employment. Before that there was the dreaded Hiring Hall.
Now days there's no more of that messy hiring and firing, it's deployment of resources. Effective and efficient.<ggg>
TomK@HRdon'tyaknow
These ideas put a burden on the Idiot Wave
Bet it would work though, especially at the extremes.
I think I told you about my experience with a method that used the Dow dividend yield as the buy/sell indicator rather than the portfolio value that Aim uses.
The lower the yield, the greater percentage of sell and vice verse. From the start in '79 through about '85 it was buy with each months contribution but from '85 on the percentage sell recommendation got larger and larger. At the '87 top it had taken me almost completely into cash.
Course I was too smart to use it or Aim after the crash so I put it all in zero bonds and left it there for several years.<smile>
TomK
...Uncle Sam! Hope they put the money to good use.
We can only hope it's not part of the next $16 billion the government looses. Perhaps we now need for each one of our congress persons to certify that they know exactly where every one of our tax dollars is? Whatever is, is.<g>
TomK
...Uncle Sam! Hope they put the money to good use.
We can only hope it's not part of the next $16 billion the government looses. Perhaps we now need for each one of our congress persons to certify that they know exactly where every one of our tax dollars is? Depends on what is, is.
TomK
All our charter craft are fully equipped with safety gear, VHF radio, cellular phone and electronics.
Cell phones are everywhere. That way you can find out how much money you're losing in the market while enjoying yourself fishing?
Tom
and New Orleans 11/16.
Norleans would be nice.
TomK
his 401K Retirement plan is down so much it's only a 201K plan now!!
We've gone through b and a so it's just a 403 plan now. Heck, it's will probably be a pre-403b plan soon.
TomK
Now here's a pretty picture. Especially since I made my
month AIM buy in my 403B last Thursday along with a AIM directed buy out of cash reserves. Heh, Heh.
TomK
Indexes
Dow 8,711.88 +447.49
NASDAQ 1,335.25 +73.13
S&P 898.96 +46.12
30-Yr Bond 99.34
Yield: -1.56
5.420%
We could get the sat-dish I guess
We have DirectTV. When the change occurred and PBS dropped Uncle Lou we called and ask what the charge would be to add CNBC (we have the very basic package-thrifty wife ). They said $21 a month-for ONE additional channel. No thanks.
The local PBS carried the repeat on Sunday afternoon but recently dropped it for unknown reasons. But HarrisDirect has a synopsis of each program on their web-site.
TomK
I hold a few "others" today but by January 31st the tech side of my portfolio will be 100% G&K. My horizon to retirement however, is shorter than when I started to play the game and my portfolio will be more diversified than it was several years ago.
Eric. What is your time frame, if I may ask. Mine is a couple of years.
When you say diversified what do you mean?-tech sectors? and is the technology part like 50% of your total portfolio or something.
Asking because I'm starting to ponder asset allocation for my retirement portfolio although I still intend to have a large chunk in technology.
Kat@diversifingdimesRus.pov
but in the meantime I am spending a bit more time over here and am posting to the various wireless threads (QCOM, NOK, & ERICY) but it is a bit like talking to oneself.
Well, even G & K on SI is kind of like that. Your spending some time on NPI at TMF aren't you. Between it and Rule the World there sure is a lot more going on than at SI.
But, with a little better market I think even SI will pick up.
Kat
Anybody else notice that SI hasn't updated a lot of their front page since July 1?
Kat
- ice -
Wonder what year test4 will come in.
cak2
Matt
The Big Easy would be a great place for a meet.
As a North La "politic incorrect" by birth I sure wouldn't mind coming back to my roots. I'm assuming the food is as good as it used to be?
TomKat
"Sign me up if you decide to do this."
Grabber
Ditto me.
TomK
Ot, "Texas Ski Resort"
If WCOM can turn expenses into Capital Expenditures why can't Texas have "Ski" Resorts complete with snow (how about in July?).
The old "making silk purses out of pig's ears" trick.
TomK
Oh you wants some more Martha news. Suposedly she is a Director of the SEC. If so... ah, I don't want to go there.
The invite is open to all Texans hereabouts
Maybe before too much longer we'd even have something to celebrate? We could have a meeting at one of those Texas ski resorts?
Heehee
TomKat
We could even invite Martha Stewart. After all, she did dial for dollars in San Antonia. She must have fond memories of her Texas visit.
HaHa