anyone buying....

[87sooner]

the dip?
how low will it go?

[saucysoonergal]

I like French Onion. It is pretty tasty.

[87sooner]

fail..
leave the humor to the pros honey...

[Lawton4Life]

I like French Onion. It is pretty tasty.

Me too. Ranch as well, but I really like the FO.

[saucysoonergal]

fail..
leave the humor to the pros honey...

Like you?









sorry, I have to clean the DP off my keyboard!

[87sooner]

Me too. Ranch as well, but I really like the FO.

this is a thread for grown-ups....move along...

[Sooner5030]

at 1650? Too high for me....but I'll probably regret it in a year.

[GDC]

http://www.tobaccocountry.com/prodimages/copenhagen%20snuff_small.jpg

[87sooner]

at 1650? Too high for me....but I'll probably regret it in a year.

i'm going to go all in at 11700 area...
looking for a nice bounce from there...

[Sooner5030]

usually gold tanks immediately following a debt ceiling hike and then continues to go up in the weeks following. However, there was no dip today for my to buy. We may put more of our non-retirement savings in physical PMs anyway due to fear.

[JohnnyMack]

I could go for a nice seven layer dip with some Tostitos and a cold beer.

[soonercruiser]

:D


http://members.cox.net/franklipsinic/Other/gold.bmp

[JohnnyMack]

http://freshtomarket.com/02-02/7_layer_dip.jpg

[Sooner5030]

$1,655 and climbing. The ROKs admitted to buying a shiatload of it today also.

http://www.metalprices.com/images/metals/gold_mp.jpe

[JohnnyMack]

And ya know what? I'm not afraid to admit I like Bud Light Lime. It's a real summer time treat. Refreshing.

[MR2-Sooner86]

I like French Onion. It is pretty tasty.

I figured you'd be into something a little more...saucy.

http://www.biteofthebest.com/wp-content/uploads/2ozRed.jpg

[yankee]

And ya know what? I'm not afraid to admit I like Bud Light Lime. It's a real summer time treat. Refreshing.

What are you, an atheist?

[JohnnyMack]

What are you, an atheist?

Satan loves Bud Light Lime. Look it up. It's in the book of Revelation.

[MR2-Sooner86]

I like Bud Light Lime. It's a real summer time treat. Refreshing.

You no good Christian!

[Position Limit]

writing vix premium. got some more done today. long the dec/aug spread. fingers crossed.

[Sooner5030]

$1,714 for this little bastard!!! I'm not happy that I have made a small return....I'm pissed I didn't load up with more of these.

http://www.apmex.com/Resources/Catalog%20Images/Products/11950_Slab.jpg

[MonkeyMouth]

I'm guessing the stock market is going to go below 11000 in the 24 hours.

[Oldnslo]

You sold? I'm holding on. My guess is that Au is only going to go up for the near future. Ag, too.

[JohnnyMack]

Remember when you could get King Sized Fritos and not just stoopid Scoops?

http://www.fromvalskitchen.com/wp/wp-content/uploads/2011/01/FritoKingSize..jpg

[Breadburner]

AMR.....

[Sooner5030]

You sold? I'm holding on. My guess is that Au is only going to go up for the near future. Ag, too.


Actually we haven't sold anything yet and don't really plan on it. It wasn't a money making venture just some security of having some gold and silver on hand.

I actually pull it out of the safe every now and then and play with it. The silver eagles and 10 ounce bars are cool but the gold bullion is actually in a plastic protector with the assay card.

[87sooner]

i'm going to go all in at 11700 area...
looking for a nice bounce from there...

looks like 11701 was it..
not bad eh;)

[pphilfran]

I don't think the fat lady has started singing...

[Position Limit]

looks like 11701 was it..
not bad eh;)

yes not bad. how about the vix though. lovin my dec/aug spread right about now.

[87sooner]

I don't think the fat lady has started singing...

if 11700 fails on a closing basis....the fat lady hasn't even started warming up yet...

[pphilfran]

if 11700 fails on a closing basis....the fat lady hasn't even started warming up yet...

:eek:

[badger]

When your college or high school kiddo wants a class ring, something tells me junior won't be getting gold :D

[Penguin]

Forget gold. Copper is where it's at. The crap is free for the taking everywhere you look! Wiring, air conditioners, plumbing. My favorite targets are the neighborhood church and the local hospital's ICU.

[soonercruiser]

I don't think the fat lady has started singing...

Oh, no!
Here we go again with the jokes about the fat lady who sang the song making fun of the fat guy who made fun of the retarded stock market!
:rolleyes:

[mgsooner]

the Dow will be under 6K by the end of '11

[soonercruiser]

Forget gold. Copper is where it's at. The crap is free for the taking everywhere you look! Wiring, air conditioners, plumbing. My favorite targets are the neighborhood church and the local hospital's ICU.

So YOU took the copper wire holding down the 25 foot tall panda???
:mad:

[Position Limit]

the Dow will be under 6K by the end of '11

i'll take the other side of that.

[JohnnyMack]

Forget gold. Copper is where it's at. The crap is free for the taking everywhere you look! Wiring, air conditioners, plumbing. My favorite targets are the neighborhood church and the local hospital's ICU.

Once a con, always a con...

[GDC]

Forget gold. Copper is where it's at. The crap is free for the taking everywhere you look! Wiring, air conditioners, plumbing. My favorite targets are the neighborhood church and the local hospital's ICU.

Dangerous too. Possibly NSFW?


http://message.snopes.com/showthread.php?t=54615

[tommieharris91]

the Dow will be under 6K by the end of '11

I'll take the over. And if I lose this bet, I'll throw real money in when it is that low.

[sappstuf]

Scary Chart Pattern Suggests More Selling on the Way

The S&P 500 triggered a scary technical signal — a head and shoulders pattern in the chart — leaving investors to wonder if it's the sign of more selling to come — or just a head fake.

The so-called head and shoulders pattern is formed when the chart pattern shows three rallies, with the middle rally peaking higher than the first and second, thus creating a head. If the market breaks the "neckline," that is a trend reversal signal and can mean more selling ahead.

"What we're having is a classical technical breakdown. When the S&P broke down through the 1248 to 1250 region, it violated the neckline on a head and shoulders formation, " said Art Cashin, director of floor trading at UBS [UBS 15.76 0.05 (+0.32%) ].

"If it's a valid head and shoulders then you begin a countdown to where it occurred. I think it counts down to 1120," Cashin said. The market feels oversold and ready for a bounce, but the fact that the S&P is now negative for the year could weigh on sentiment, he added.

"You watch the rebounds. They should be restrained by the neckline at 1248 to 1252. A rally can only be a success if it punches above that," he said.

The pattern doesn't always trigger a break through the neckline and a selloff.

"There have been a few head fakes with this pattern since we came off the 2008 lows," said Scott Redler of T3Live.com. He said the S&P started forming the pattern several times, but it was never triggered. "That's why nobody trusts this pattern, but it feels different this time."

In the chart below, the market first rallied, forming the top of the left shoulder in late February. It then rallied to a higher level, forming a head in May. It then dipped down to a neckline before rallying to form a right shoulder in July. Typically, the neckline is formed at an area of prior support. That would be the 1249 to 1280 zone, according to Redler.

"Today's move down through 1249 was the bottom end of the neckline which traders have been watching," said Redler. "What a head and shoulders tries to do is it tries to measure the potential move of a correction and the way you do that is from the top of the head to the neckline. The high was 1370. The neckline would be an average of 1270. That gives you a measured move for technicians to pick an area to buy. That takes you down to a zone of 1150 to 1180," he said.

"That correlates to a pretty big support level from last year. That will be the level traders are watching," he said.

Redler said another reason he was expecting this formation to be triggered was by the action in the industrial sector ETF, Industrial Select Sector SPDR Fund and the SPDR S&P Homebuilders ETF. Both showed head and shoulder patterns.

Redler, who watches the market's short-term technicals, recommended raising macro cash in longer-term positions last Thursday when he saw the right shoulder start to get fully developed. It was also when the SPY, the ETF representing the S&P, broke its 50-day moving average at 1310.

..

[87sooner]

when a move is broadcast worldwide....it'll never happen....

[sooneron]

Like any of you hillbillies are buying more than an ounce! :texan:

[87sooner]

retesting 11700 today....
bulls better get their **** together...

[87sooner]

the plunge protection team better be on high alert today...

[REDREX]

Blood Bath today

[87sooner]

just shakin loose some shares before they pump it back up...

[sheepdogs]

just shakin loose some shares before they pump it back up...

A forthcoming lackluster jobs report "might" create a short term bottom.

[Sooner5030]

every day I keep telling myself that if gold will just dip to x I will go to tulving or apmex and load up. There's just no dip to buy. f-k!

[87sooner]

every day I keep telling myself that if gold will just dip to x I will go to tulving or apmex and load up. There's just no dip to buy. f-k!

how are gold miners' stocks doing?
would that be a good way to play gold?

[Sooner5030]

not really my thingy. I just want some shiny stuff to put in PVC pipe and bury in my back yard.

[sheepdogs]

how are gold miners' stocks doing?
would that be a good way to play gold?

You're talking about an equity investment, so outside of any specific company related news they generally move w/the market. If gold is increasing while the overall market increases then you get a double bang. Gold bullion has faired better than most gold miners though.

Updated: Using today as an example, spot price of gold is currently up .28% while the XAU gold index is down about 5%. The second link provided illustrates how the index is currently down 10% or so in the past 10 days.

http://www.kitco.com/ and http://www.kitco.com/charts/popup/xau0030b_.html

[Sooner5030]

at this rate I think the odds of QE 3 are pretty high. I might as well sell my gold when it hits $2,000 and silver at $50 and convert it to vacant land. On the other hand I feel like I am selling my FRNs at their lows.

[Position Limit]

spx futures down 33 handles and vix aug straddle is getting pumped. just bought a few more dec/aug spreads and sold a few extra aug straddles. fingers crossed.

[87sooner]

wow....bottom fell out.

but i think we'll climb up from here...

[yankee]

Yikes

[cleller]

Though not a market timer, I pulled back a bunch in the last few months. I'll do like last time, and when the consensus of the writers at the WSJ, or James B. Stewart, say its looking about over, I'll start buying a some every month.

Those writers have been rumbling about this for the last six months. We'll see if fear takes over again. Where we are right now, 11,700 is where the Dow was in 1999 before the tech crash. That's still a long way up from the 6500 bottom of 2008.

[tommieharris91]

Even gold is down today. That won't last.

[pphilfran]

Money is being put into mattresses...

No confidence in the world economy so stocks go down...

No confidence in the world economy so crude and gold go down...

No confidence in the worlds balance sheets so no one wants bonds....

[pphilfran]

The warm up band is on stage and the Fat Lady is ready to headline....

[Mississippi Sooner]

Oil is down dang near 5% today.

[pphilfran]

looks like 11701 was it..
not bad eh;)

uhhhhhh...being a farmer you should never count your chickens before they hatch....:D

If it holds 11600 you are still damn good....

[Position Limit]

uhhhhhh...being a farmer you should never count your chickens before they hatch....:D

If it holds 11600 you are still damn good....

no hold. another leg down.

[Bourbon St Sooner]

It looks like the answer is no one's buying. About to find new intra-day lows. Anyone panic selling?

[soonercruiser]

:eek:
Panic buying????

http://members.cox.net/franklipsinic/Other/gold.bmp

[tommieharris91]

It looks like the answer is no one's buying. About to find new intra-day lows. Anyone panic selling?

Today is prolly the best day to do it.

[pphilfran]

no hold. another leg down.

11,507....

If it holds 11,500 still not a bad guess....:pop:

[pphilfran]

11,460

If hit holds 11,400 it will still not be a bad guess....

[pphilfran]

11,383...

If it holds...ahhh, f it...

[Bourbon St Sooner]

It found support at 11,380. The support was called the closing bell.

[cccasooner2]

It found support at 11,380. The support was called the closing bell.


LOL, good observation.

[pphilfran]

It found support at 11,380. The support was called the closing bell.

:)

[Oldnslo]

(sucker's) RALLY TOMORROW!

[87sooner]

(sucker's) RALLY TOMORROW!

prolly...
11700 support was smashed...
prolly see a weak rally to attempt a retest.....then it starts searching for a bottom...first stop will prolly be 10600.....
but the trend is down....

[cccasooner2]

Headline on MSN 8/7/11 - "Rough week: $2.5 trillion wiped off value of world stocks. Sum is almost equivalent to the size of the entire French economy."

Hmmmm, that number looks familiar. Isn't $2.5 trillion the cap raise on borrowing the next 6 months that just went through? :(

[sheepdogs]

Futures are currently down 2%, gold up 1.35% and the Dollar is essentially flat.

[pphilfran]

It should be an interesting day....and week...

Coming this week...reports on productivity, wholesale and business inventory, retail sales, and trade balance...

[sheepdogs]

It should be an interesting day....and week...

Coming this week...reports on productivity, wholesale and business inventory, retail sales, and trade balance...

Retail sales (ex auto) will be the most important data point released this week. The financial sector/economy needs a positive number. Expectations are for a sizeable gain.

[87sooner]

i'm looking for an uptick in sales of ammo and canned goods..

[cccasooner2]

Redistributing the wealth. The poor will have $100 in the cookie jar and the wealthy will have $100 in the long-forgotten cookie jar. :D

[pphilfran]

Retail sales will be the most important data point released this week. The financial sector/economy needs a positive number.

We damn sure need a good one...

Everything is at a tipping point...

i have concerns that the economy won't pull out of the current mess...it has been flat for three months...

DC is going to be cutting spending...states are going be up against the wall and could add to layoffs...

As least fuel costs should drop some with the price of crude being under $85....and that is the best stimulus there is, immediate money in everyone's pockets...

[tommieharris91]

I'm watching the bond market very intently. I'm really interested in seeing what treasuries do this week.

[C&CDean]

Two words. "Y'all are insane." Wait, that was 4...

I'm so very happy I don't have a ****ing clue what y'all are going on about. There's a drought, but it's still all good...

[pphilfran]

I'm watching the bond market very intently. I'm really interested in seeing what treasuries do this week.

I am betting they don't do chit...

imo there will still more concern about Europe than there will be about our downgrade...

If people don't buy US bonds where are they going to go?

[87sooner]

I am betting they don't do chit...

imo there will still more concern about Europe than there will be about our downgrade...

If people don't buy US bonds where are they going to go?

saw a chick on tv recently say that the bar has been lowered but we are still the highest bar in the world..

[sheepdogs]

The market in general was expecting a downgrade and they were actually expecting the debt rating to fall by two notches as opposed to one but there is still a knee jerk reaction going on.

S&P futures are now down 17 points or so and Japan is down 1%.

[C&CDean]

Oh. So y'all REALLY bought gold on Pat Boone's advice?

Oh my.

[Sooner5030]

I'm kicking myself for chickening out on buying some more gold when it was down on Thur-friday. I told the wifey I'd buy now she's gonna be pissed that I didn;t. I'm just waiting for a 20% dip to buy.

[C&CDean]

Can you eat it? Can you plant it? Can you have sex with it?

Then it's worthless.

[diverdog]

saw a chick on tv recently say that the bar has been lowered but we are still the highest bar in the world..

Yep everyone has issues right now. All in all we are in better shape than most.

[diverdog]

Can you eat it? Can you plant it? Can you have sex with it?

Then it's worthless.

Ear of corn?

[Sooner5030]

Can you eat it? Can you plant it? Can you have sex with it?

Then it's worthless.

I can't eat, plant or have sex with FRNs but I still don't consider them worthless. Shiat, my ignots of aluminum are not worthless! Physical custody of Gold/Silver is just a way to diversify your savings....and it's more portable than land.

[cccasooner2]

On the " dip"? :D

[pphilfran]

Roller coaster

[pphilfran]

EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE EEEEEEEE.....

[sappstuf]

Ear of corn?

I knew there was a reason I didn't like creamed corn...

[87sooner]

i think it'll churn down here for another day....maybe 2....
as long as it holds 10800 area on a closing basis...it'll try to mount a rally...

[SanJoaquinSooner]

With the long-term bonds paying less than inflation for the next two years, the big pension funds may have to give more weight to dividend paying stocks to get any return worth a damn.

[hawaii 5-0]

I missed the 1st dip on Monday but caught the second dip and grapped some more affordable shares of a certain stock.

The opportunity was too great to pass up.

5-0

Trump/ Twinkie

2012

[SanJoaquinSooner]

I missed the 1st dip on Monday but caught the second dip and grapped some more affordable shares of a certain stock.

The opportunity was too great to pass up.

5-0

Trump/ Twinkie

2012

I wouldn't be surprised if the lows aren't tested once or twice more before moving toward yearly highs.

anyone think we've hit the yearly high for gold at 1800?

[Blue]

Two words. "Y'all are insane." Wait, that was 4...

I'm so very happy I don't have a ****ing clue what y'all are going on about. There's a drought, but it's still all good...

Yeah it's all peachy out there...

Post Office considers laying off 120 thousand

http://www.chicagotribune.com/business/breaking/chi-usps-asks-congress-to-allow-it-to-lay-off-120000-postal-workers-20110812,0,2057357.story

[MamaMia]

I just bought a bunch of stock in TLB Inc. I'm buying treasury bonds next week for the kids.

[Blue]

Can you eat it? Can you plant it? Can you have sex with it?

Then it's worthless.

If you would have bought it a few years ago you could cash it in today and double your money and then some.

But yeah it's worthless. :cool:

[tommieharris91]

I'm buying treasury bonds next week for the kids.

You're buying high.

[pphilfran]

I just bought a bunch of stock in TLB Inc. I'm buying treasury bonds next week for the kids.

Why are you buying Treasuries?

Over the mid term, inflation is likely to be higher than your yield on treasuries bought today...

[diverdog]

Yeah it's all peachy out there...

Post Office considers laying off 120 thousand

http://www.chicagotribune.com/business/breaking/chi-usps-asks-congress-to-allow-it-to-lay-off-120000-postal-workers-20110812,0,2057357.story

This is mostly the fault of the Republicans and Bush. The Republicans put provisions in the 2006 Postal Accountability and Enhancement Bill that the USPS has to fund its unfunded liabilities for retirement for the next 75 years in a 10 year time frame. That means they have to put away $5 billion dollars a year in an economy that is struggling and not using the post office as much as they use to. Most business would fund this liability over 40 years not 10 years. This funding requirement has put a strangle hold on the USPS operating budget. On top of that congress will not let them shut down unprofitably operations or raise revenue.

The other issue is that Bush and Company raided the USPS retirement money that was set aside and put it into the general fund and spent it. Government pension funds have been raided by Bush Sr (who started the practice), Clinton and W.

[pphilfran]

This is mostly the fault of the Republicans and Bush. The Republicans put provisions in the 2006 Postal Accountability and Enhancement Bill that the USPS has to fund its unfunded liabilities for retirement for the next 75 years in a 10 year time frame. That means they have to put away $5 billion dollars a year in an economy that is struggling and not using the post office as much as they use to. Most business would fund this liability over 40 years not 10 years. This funding requirement has put a strangle hold on the USPS operating budget. On top of that congress will not let them shut down unprofitably operations or raise revenue.

The other issue is that Bush and Company raided the USPS retirement money that was set aside and put it into the general fund and spent it. Government pension funds have been raided by Bush Sr (who started the practice), Clinton and W.

I'm just shooting from the hip....

Didn't the pre funding come into play because of what was happening in the private sector? Too many underfunded pensions were causing concerns so DC decided that crap wasn't going to happen to the USPS so they put in the provision...

[diverdog]

I'm just shooting from the hip....

Didn't the pre funding come into play because of what was happening in the private sector? Too many underfunded pensions were causing concerns so DC decided that crap wasn't going to happen to the USPS so they put in the provision...

Phil:

I think there was some concern but it was probably number 3 on the list. The biggest issue was Bush made a promise to halve the deficit and not increase the debt ceiling and he was running into a revenue problem because what he promised was not happening.

None the less the requirement to fund this liability in 10 years was extreme and should have been adjusted to actuarial standards and industry practices. They should fund the pension....no beef from on me on that issue but they should have the same mandates as industry.

Personally, I think the USPS is getting a raw deal.

[tommieharris91]

Why are you buying Treasuries?

Over the mid term, inflation is likely to be higher than your yield on treasuries bought today...

Bedowngrade. (http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield) :D

[pphilfran]

Phil:

I think there was some concern but it was probably number 3 on the list. The biggest issue was Bush made a promise to halve the deficit and not increase the debt ceiling and he was running into a revenue problem because what he promised was not happening.

None the less the requirement to fund this liability in 10 years was extreme and should have been adjusted to actuarial standards and industry practices. They should fund the pension....no beef from on me on that issue but they should have the same mandates as industry.

Personally, I think the USPS is getting a raw deal.

This is their annual report...

http://about.usps.com/who-we-are/financials/annual-reports/fy2010.pdf

DD..I don't think it really matters...they offer a product in a declining market...

In 2009 they were allowed to pay 3 billion less than required and they still lost 2.4 billion...with zero pre funding over the last four years they would have had a total of 700 million in profit over those four years...

They have also had to slash capital spending...20% a year over the last three years...

They are trying to do the right things but it is going to be terribly painful...

They must drop one service day...

Good plan to cut a bunch of their slow branches....

Cut the quarter million jobs...might be even more down the road if their worst case scenario happens...

But the job cuts is where some problems start to happen...a bunch of those folks will just be moved into the retirement ranks...so they will end up just like GM with a bunch of retirees with a few workers to support them...

And that is why the USPS wants to move away from the fed retiree system to a lower cost private sector plan...

I give em a thumbs up for their plan....but it needs to happen now...they longer they have to wait on approvals they worse the problem becomes...

[SanJoaquinSooner]

Two words. "Y'all are insane." Wait, that was 4...

I'm so very happy I have a guaranteed pension and could retire well before age 65, unlike you suckers who work in the private sector...

fify:)

[MamaMia]

Why are you buying Treasuries?

Over the mid term, inflation is likely to be higher than your yield on treasuries bought today...

I decided to wait until the interest rate goes up a bit. I was surprised it didn't go up this week but as long as the U.S. Government is alive and kicking, my investment is 100% secure. I'll always know exactly when and how much the kids investment will return. No other bond investment, including mutual funds, can make this claim. It will be fun for the kids to watch what happens.

The other advantage to investing in U.S. Government securities is that they are the only fixed-income instruments that the individual investor can purchase without having to go through a broker or financial institution. This means that there are no commissions or fees to pay, and that the entire amount of my purchase will go toward my investment.

[pphilfran]

prolly...
11700 support was smashed...
prolly see a weak rally to attempt a retest.....then it starts searching for a bottom...first stop will prolly be 10600.....
but the trend is down....

10597

[SanJoaquinSooner]

the Dow will be under 6K by the end of '11

Apple, Yum! Brands (KFC, Taco Bell, Pizza Hut), Chipotle, and Panera Bread at all-time highs.

Yum Restaurants going gangbusters in China.

[8timechamps]

I decided to wait until the interest rate goes up a bit. I was surprised it didn't go up this week but as long as the U.S. Government is alive and kicking, my investment is 100% secure. I'll always know exactly when and how much the kids investment will return. No other bond investment, including mutual funds, can make this claim. It will be fun for the kids to watch what happens.

The other advantage to investing in U.S. Government securities is that they are the only fixed-income instruments that the individual investor can purchase without having to go through a broker or financial institution. This means that there are no commissions or fees to pay, and that the entire amount of my purchase will go toward my investment.

If you're looking for something safe for the kids, other than sticking money under your mattress, go with CDs. There are decent incentive rates out there, and it beats the heck out of the treasuries. Nowadays every back offers a CD program, and as for the fees, CDs are the lowest paying (commissioned) product on the market. If you're not buying huge values, the fee will be negligible.

[jkjsooner]

If you're looking for something safe for the kids, other than sticking money under your mattress, go with CDs. There are decent incentive rates out there, and it beats the heck out of the treasuries. Nowadays every back offers a CD program, and as for the fees, CDs are the lowest paying (commissioned) product on the market. If you're not buying huge values, the fee will be negligible.

What about short term treasuries? With short term bonds you essentially have no risk related to changing interest rates.

[8timechamps]

What about short term treasuries? With short term bonds you essentially have no risk related to changing interest rates.

It all depends on your time frame. If you're looking for something very short term, and want relative security, you can use short term treasuries. I do absolutely no business in treasuries for my clients, so I don't know the current auctions. I suppose if you were completely set on treasuries, that'd work. I use VRPs almost exclusively for short term growth. But, that wouldn't work with Mamamia's issue, because I do charge a fee to move in and out of those.

[cleller]

Just one more occasion when I wish I could re-do the last 6 months. What a great little rally in spite of the bad news in Europe, etc. Could have bought like there was no tomorrow, and walked away now.

One of these days Europe and debt will knock us between the eyes.

[cleller]

It all depends on your time frame. If you're looking for something very short term, and want relative security, you can use short term treasuries. I do absolutely no business in treasuries for my clients, so I don't know the current auctions. I suppose if you were completely set on treasuries, that'd work. I use VRPs almost exclusively for short term growth. But, that wouldn't work with Mamamia's issue, because I do charge a fee to move in and out of those.

OK, I have to ask: What are VRPs? I thought I was up on this stuff, but that doesn't jog any memories.

Then, What about TIPS? (Treasury Inflation Protected Securities). It seems like they were somewhat out of favor with the pro's the last year or two, but have been great. I use VIPSX and TIP to park and forget things, and should have parked and forgotten more.

[8timechamps]

OK, I have to ask: What are VRPs? I thought I was up on this stuff, but that doesn't jog any memories.

Then, What about TIPS? (Treasury Inflation Protected Securities). It seems like they were somewhat out of favor with the pro's the last year or two, but have been great. I use VIPSX and TIP to park and forget things, and should have parked and forgotten more.

Sorry, Variable Rate Preferred stock. Typically similar yields to treasuries with easy liquidity.

Edit: TIPS were really hot for awhile, then the fad moved on to other things. I still use TIPs fairly regularly.

[SanJoaquinSooner]

Can't help but notice how Apple stock zoomed past 500 per share his week.


There's Apple TV anticipation, but Tim Cook stated the following innersting factoids:

"It took us 22 years to sell our first 55 million macs,

it took us 5 years to sell our first 55 million ipods,

it took us 3 years to sell our first 55 million iphones, and

it took us less than seven quarters* to sell our first 55 million ipads."





*for aggies and mathematically challenged folks, seven quarters = 1.75 years.