SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Strategies & Market TrendsBuy and Sell Signals, and Other Market Perspectives


Previous 10 Next 10 
To: robert b furman who wrote (43039)1/2/2013 3:43:26 PM
From: Fiscally Conservative
   of 178429
 
Curious to know how Congress is going to pay for these 'permanent' Bush Tax Cuts. ?
Can anyone quantify the estimated dollar value on the tax generated for those incomes above $450K ?
These clowns must still believe in Santa. What could I be missing?

Share RecommendKeepReplyMark as Last ReadRead Replies (3)


To: Keith Feral who wrote (43033)1/2/2013 3:51:30 PM
From: GROUND ZERO™
   of 178429
 
I agree, this is why I wrote at the money calls on all my SP and NQ longs... also, the dollar looks like it wants to rally, and this is why I'm now short gold and silver, especially since my model's buy signal for gold looks like it will be rejected today... short gold and silver is beginning to look like a good trade position...

GZ

Share RecommendKeepReplyMark as Last Read


To: Fiscally Conservative who wrote (43041)1/2/2013 3:51:56 PM
From: robert b furman
   of 178429
 
They were only cuts for about 12 hours.

Once Bush's cuts expired - they become cuts.

Playing with words are not they.

Bloomberg indicated the 4.6 percent tax increase (from 35% to 39.6%) on those couples who make over $450,000 and singles who make over $400,00, would generate 650 billion .Last years very minor cuts in future expenditures will save 1.1 billion so we have a net of 1.75 billion in a world where 4 to 4.5 billion in expenditures are needed.

Wrangling over the debt ceiling and capping out unemplyment benefits to an individual,means testing Social Security, and upping the medicare age requirements could get us so close - that moderate growth ie energy and housing would get us into a non deficit position.

It is a big picture optimistic view to be sure - but it sounds nice.LOL

Bob

Share RecommendKeepReplyMark as Last Read


To: Fiscally Conservative who wrote (43041)1/2/2013 3:53:18 PM
From: Brian Sullivan
   of 178429
 
Curious to know how Congress is going to pay for these 'permanent' Bush Tax Cuts. ?
Can anyone quantify the estimated dollar value on the tax generated for those incomes above $450K ?
These clowns must still believe in Santa. What could I be missing?
Ben Bernanke is paying for everything, Obama is running the tab up and wants to keep running trillion dollar deficits forever.

Congress is due to have a showdown on spending cuts in the first week of March.

Tune in then to see what happens.

So where do you put your money??
Equities (foreign or domestic), Gold, Real Estate or Bonds (corporate or government)

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: penthouse mike who wrote (43021)1/2/2013 7:45:39 PM
From: GROUND ZERO™
   of 178429
 
Staying long the SP and NQ, I have written at the money calls of all of them, but I did cover my short gold and silver this evening...

GZ

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: FCom777 who wrote (42998)1/2/2013 7:52:45 PM
From: Wayners
   of 178429
 
Fake money buys them security and they have been for the guns for a very long time.

Share RecommendKeepReplyMark as Last Read


To: GROUND ZERO™ who wrote (43045)1/2/2013 8:56:08 PM
From: Keith Feral
1 Recommendation   of 178429
 
The monthly price for the DOW hit the Sept close today at 13412. That keeps the buy signal for the DOW intact for January. Not sure how much backing and filling we might see, but there are a lot of gaps on the charts after today. I won't be shocked at all to see some profit taking tomorrow, especially if the dollar continues to firm. That being said, I'm not sure that 10 year yields are in a position to dip much lower.

I just don't see anything driving the DOW much below 13K this year. Guess that means it's going higher.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Keith Feral who wrote (43047)1/2/2013 9:12:50 PM
From: phlegmish
2 Recommendations   of 178429
 
I don't post often, but when I do....
Have been mostly lurking for years, actually since the early days, back on Suite 101. Have been amazed at how consistently your model catches the really big directional moves, and how you have tweaked it (through your trading acumen) to catch extra points as the market approaches your signals. I loved your post from earlier today, when you discussed going "John Galt"-- that's my plan, too in the next couple of years. As an MD, I am totally fed up with what the government and insurance companies have done to our profession, the ridiculous regulations, the mandated EMRs that were shoved down our throats by Obama, the ridiculously long days for an ever shrinking paycheck (I make 45% of what I made in 2000), and now, as an evil 2%er, having a target placed on my back by the new tax code is really the final straw. Unlike my business partners, I have saved fastidiously, and am in a position to walk away shortly. I plan to work 25% less this year, and will prob make 45% less than last year, which gets me well under the highest tax rate (I have a fair amount of passive income from other business investments), but my plan is to be as John Galt as possible within 3-4 years.
See you on the bike trail.

What a day!!

(This was a response to an earlier GZ post, not to Keith's)

Share RecommendKeepReplyMark as Last ReadRead Replies (3)


To: Brian Sullivan who wrote (43044)1/2/2013 9:33:16 PM
From: Keith Feral
   of 178429
 
FED balance sheet is going to get much bigger over time. I have zero doubts about that, and I don't see it creating too many problems since the revenues from the FED go back to the Treasury. The more the FED internalizes the deficit, the fewer revenues heading to China or Japan. Greenspan should have started monetizing the deficit 10 years ago when rates were much higher. But, Bernanke has basically made money on every single bond he's bought since 2009.

Share RecommendKeepReplyMark as Last Read


To: GROUND ZERO™ who wrote (43045)1/2/2013 9:57:39 PM
From: Keith Feral
   of 178429
 
Good idea, market has potential slippage going into weekly expiration this week. Friday's have been brutal the past couple months, and this one may be no different.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)
Previous 10 Next 10