Through all this....the 10-yr treasury still went higher today.
All I heard all day from the general public was: "the debt downgrade caused all of this"
Notsomuch. Just another jab, not a haymaker.
Evidently, the bigger deal today was the beginnings of a major bailout for Italy and Spain.
Apparently, the big drop last week was also due to Italy. They attempted to have a debt auction...and literally no one was buying. That kind of thing doesn't go unnoticed by the markets, even though in mainstream reporting it was muted out by the S&P debacle.
Hence why I always love LOVE LOVE Yield. Always been a fan of dividends over everything else. NOw with the 10-year treasury flight to safety the damn yield on that will be lower than the dividend yield of the overall S&P 500. Eventually people will buy back and they will go for dividends first. Which is where I've always been. SOme of my stocks actually went up today!
Was I the only one on here down the market today? Oh well I got extremely lucky last week and moved a lot of money on Wednesday from my stocks to some other investments.
As for the person earlier who said the uninsured should die, I'll let you start that death panel. It sure is funny every single developed nation in the world can afford health care for it's citizens besides the most powerful nation in the world.
Udisi - I live in IL too (not Chicago area). I don't feel our taxes are out of line. Even with the increase in income taxes, our rates are still much lower than every one of our bordering states. As a matter of a fact, if you are retired, you don't pay any income tax at all. Find that in another state that has income taxes. Property taxes in my county are slightly high, but the money is being used for useful things, so I don't complain. Sales tax is similar to what it is in IA. I can't speak for the other border states, I don't live near them.
I'm the one who said you may need to let them die.
And no, every single developed nation in the world cannot afford healthcare for it's citizens. Many of the so called universal systems provide only basic care, and you are responsible for buying supplemental insurance. Other systems are going bankrupt because do to the high taxes and costs of raising children, they don't have children and thus have no warm bodies to fund them. Think they don't pick and choose, how bout that Canadian kid that got flown to the US for a futile procedure because the Canadian doctors say it was futile and a waste of resources. France, Spain, Italy, Portugal, Greece. Alot of these so called progressive countries aren't doing that well.
I also don't live in Chicago, I'm downstate, but I feel the grips of Chicago's policies as they control the state.I am aware that Illinois doesn't tax retirements, but the feds will tax that same money.
Illinois 's tax rate has been raised from 3% to 5% this year. It's suppose to be "temporary" and it's suppose to go back down, but when you read the legislation, it is suppose to go back down to 3.25%. I know that's just .25% higher than before, but we were promised it to go back to what it was....3%, not 3.25%. I also highly doubt it will ever drop below 5%. They'll extend it, or say they need to keep it, etc. We're never gonna get that 2% back. Sure Missouri has a 6% income tax, but their gas tax is a good 30 cents lower a gallon, Their tobacco tax is far lower, and their sales taxes are lower. I live 12 miles from St. Louis, and I can go to the city and get things cheaper than in BFE Illinois. Our governor lives in Chicago and uses our tax dollars to fly to and from Springfield when he wants. The former mayor of Chicago gets taxpayer body guards and a couple cars for him and his wife. That's where your money goes. Dare go into the actual Chicago metroplex and it make the taxes I pay look cheap, I agree. The people of Chicago are raped even worse than us.
The government cannot spend my money more efficiently than me. I've seen how they spend it. You didn't see budget cuts in Illinois for this year even though we had to have a tax increase and we're the second most underwater state in the country. What did they do?.... They issued more bonds. 3.7 billion dollars worth, and since we already have the second worst credit rating in the nation they had to be issued at like 5% interest. Not to mention that we had to borrow 3.5 billion(issue bonds) about 3 months earlier to pay for 2010 pension fund payments that we couldn't afford.. The Governor wanted to borrow 8.5 Billion to help pay for other unpaid bills. All this and you know, we didn't cut crap from our budget. We just raised income taxes, and borrowed even more money.
Stuff still isn't funded, we have higher taxes now, and we're borrowing more money we can't repay. Yeah I want to give those types of people more money.
My German colleagues had some interesting things to say about the European economic situation today, specifically Italy.
Do go on.........
Some of it was typical German banter, i.e. the rest of Europeans are morons and they don't want to have to bail out the rest of the continent. But really most of their talk was of their concern with the European market/economies and the impact that it will have on their business (diagnostic medical industry).
I'm guessing lots of volatility, up and down, mostly flat. Then when the Fed speaks, they speak mysteriously and don't for sure say "Q3", so then we'll tank lower. I think there will be more blood shed before the Fed comes to the rescue and the markets can rebound. Let's see how it goes.
I'm guessing lots of volatility, up and down, mostly flat. Then when the Fed speaks, they speak mysteriously and don't for sure say "Q3", so then we'll tank lower. I think there will be more blood shed before the Fed comes to the rescue and the markets can rebound. Let's see how it goes.
Well, Today was the original day I wanted to go bargain shopping. The market is up atm. I watched the Asian markets turn up last night . Europe seems to be holding onto gains. It's looking like we may actually get an up day today as I originally thought.
one thing could mess that up though, that's when the Fed speaks today.
Watch the market to either accelerate gains or start falling fast after the Fed meeting.
I am currently watching a few things, will probably pull the trigger on a couple granted the Fed doesn't mess things up. Still think we're in for a few wild days ahead, but there are some bargains out there.
Damn, CLCT was on my radar back in January and I never got in. Found them on a dividend scan.
Instead I bought ENTR heavy around $8.50 and SOL heavy around $9.00. So yes, I'm riding those companies for awhile. Good thing I liked their fundamentals because if they were in loads of debt I'd be very uncomfortable as a long.
Wow I just checked the chart on CLCT and now I'm depressed. I bought all of the wrong stocks this year and the ones I wanted have taken off well. Can't possibly be any worse than missing ZAGG, I wanted to buy at the SMA200 at $6 in late March. Came to $6.08, I never got my order in, and it's been as high as $16 (currently $13).
I've lost like 50% of what I've invested this year, blows hard. But it's been more to failed money management than reading the wrong signals. So hopefully I get the train in the right direction, otherwise I might take a nice long break.
Wow I just checked the chart on CLCT and now I'm depressed. I bought all of the wrong stocks this year and the ones I wanted have taken off well. Can't possibly be any worse than missing ZAGG, I wanted to buy at the SMA200 at $6 in late March. Came to $6.08, I never got my order in, and it's been as high as $16 (currently $13).
Well, at least you can joke that you zigged when you should have zagged
CLCT, hmmm, I had no idea that the PSA guys were publicly traded. That's quite the dividend, too...
It's not even as much the PSA thing, but they are the top in coin grading. with all the special coins, and fake bullion out there, A lot of it gets graded and they get a ton of money for it.
The have almost a 36% percent profit margin, a growing business, and no debt at all. Add on to that an almost 8% dividend as of today, and you got a pretty nice safe haven.
Only negative is that they are a very small cap, so they can get manipulated. The volume has been about 4-5 times average the last few days. Hope the institutions don't mess this one up like the tend to do.
By fake bullion you're referring to bars, right? I've heard of some of the larger bars being gold-coated tungsten. I hadn't heard of anybody faking one-ounce rounds, though. Usually double-eagles, maple leaves, and Krugerrands are a safe bet. They're easy to measure, easy to weigh, and have ridged rims so you know they're not shaved.
Yes, rounds have been being faked, mostly by the Chinese. The silver fakes have really be getting more common. They've also been faking older coins like Morgan silver dollars. Key years, and just common stuff. Some of the fakes are getting scary good.
weeeeeeee! Having fun yet? Down 500 points again. Spent most of the day watching a few things, but didn't pull the trigger on anything. Down a touch today overall, but I happy considering how sour everything turned.
Wow I just checked the chart on CLCT and now I'm depressed. I bought all of the wrong stocks this year and the ones I wanted have taken off well. Can't possibly be any worse than missing ZAGG, I wanted to buy at the SMA200 at $6 in late March. Came to $6.08, I never got my order in, and it's been as high as $16 (currently $13).
I've lost like 50% of what I've invested this year, blows hard. But it's been more to failed money management than reading the wrong signals. So hopefully I get the train in the right direction, otherwise I might take a nice long break.
Awesome, CLCT has been one of my workhorses for a LONG TIME. Bought 1,400 shares at $13.88 I'm in at a level of 9.37% Dividend Yield so yeah I'm happy with the move on it up over $18. But I'm in it for the yield not the growth. Besides they payout again soon so the stock is going to drop back down after people lock in the payment on it. Maybe you should buy in then Jonas.
Wow I just checked the chart on CLCT and now I'm depressed. I bought all of the wrong stocks this year and the ones I wanted have taken off well. Can't possibly be any worse than missing ZAGG, I wanted to buy at the SMA200 at $6 in late March. Came to $6.08, I never got my order in, and it's been as high as $16 (currently $13).
I've lost like 50% of what I've invested this year, blows hard. But it's been more to failed money management than reading the wrong signals. So hopefully I get the train in the right direction, otherwise I might take a nice long break.
Awesome, CLCT has been one of my workhorses for a LONG TIME. Bought 1,400 shares at $13.88 I'm in at a level of 9.37% Dividend Yield so yeah I'm happy with the move on it up over $18. But I'm in it for the yield not the growth. Besides they payout again soon so the stock is going to drop back down after people lock in the payment on it. Maybe you should buy in then Jonas.
I actually got in originally at $14 myself It's been holding it's price through the last few dividends though. They way everything else looks, I don't know if it will fall. It's 52 week high territory and still a reasonable PE. Where else would you want to put your money?
I've got lots of big dividend plays I'm into. PSEC, NLY, FTR, CQP, etc... to name only a few that I've talked about on here before. All pay fat dividends. I have my PSEC (Only) Dividends in a drip and it's paid out so much that I've almost doubled my shares since buying in.
Comments
All I heard all day from the general public was: "the debt downgrade caused all of this"
Notsomuch. Just another jab, not a haymaker.
Through all this....the 10-yr treasury still went higher today.
All I heard all day from the general public was: "the debt downgrade caused all of this"
Notsomuch. Just another jab, not a haymaker.
Evidently, the bigger deal today was the beginnings of a major bailout for Italy and Spain.
Apparently, the big drop last week was also due to Italy. They attempted to have a debt auction...and literally no one was buying. That kind of thing doesn't go unnoticed by the markets, even though in mainstream reporting it was muted out by the S&P debacle.
My German colleagues had some interesting things to say about the European economic situation today, specifically Italy.
Do go on.........
As for the person earlier who said the uninsured should die, I'll let you start that death panel. It sure is funny every single developed nation in the world can afford health care for it's citizens besides the most powerful nation in the world.
Udisi - I live in IL too (not Chicago area). I don't feel our taxes are out of line. Even with the increase in income taxes, our rates are still much lower than every one of our bordering states. As a matter of a fact, if you are retired, you don't pay any income tax at all. Find that in another state that has income taxes. Property taxes in my county are slightly high, but the money is being used for useful things, so I don't complain. Sales tax is similar to what it is in IA. I can't speak for the other border states, I don't live near them.
And no, every single developed nation in the world cannot afford healthcare for it's citizens. Many of the so called universal systems provide only basic care, and you are responsible for buying supplemental insurance. Other systems are going bankrupt because do to the high taxes and costs of raising children, they don't have children and thus have no warm bodies to fund them. Think they don't pick and choose, how bout that Canadian kid that got flown to the US for a futile procedure because the Canadian doctors say it was futile and a waste of resources. France, Spain, Italy, Portugal, Greece. Alot of these so called progressive countries aren't doing that well.
I also don't live in Chicago, I'm downstate, but I feel the grips of Chicago's policies as they control the state.I am aware that Illinois doesn't tax retirements, but the feds will tax that same money.
Illinois 's tax rate has been raised from 3% to 5% this year. It's suppose to be "temporary" and it's suppose to go back down, but when you read the legislation, it is suppose to go back down to 3.25%. I know that's just .25% higher than before, but we were promised it to go back to what it was....3%, not 3.25%. I also highly doubt it will ever drop below 5%. They'll extend it, or say they need to keep it, etc. We're never gonna get that 2% back. Sure Missouri has a 6% income tax, but their gas tax is a good 30 cents lower a gallon, Their tobacco tax is far lower, and their sales taxes are lower. I live 12 miles from St. Louis, and I can go to the city and get things cheaper than in BFE Illinois. Our governor lives in Chicago and uses our tax dollars to fly to and from Springfield when he wants. The former mayor of Chicago gets taxpayer body guards and a couple cars for him and his wife. That's where your money goes. Dare go into the actual Chicago metroplex and it make the taxes I pay look cheap, I agree. The people of Chicago are raped even worse than us.
The government cannot spend my money more efficiently than me. I've seen how they spend it. You didn't see budget cuts in Illinois for this year even though we had to have a tax increase and we're the second most underwater state in the country. What did they do?.... They issued more bonds. 3.7 billion dollars worth, and since we already have the second worst credit rating in the nation they had to be issued at like 5% interest. Not to mention that we had to borrow 3.5 billion(issue bonds) about 3 months earlier to pay for 2010 pension fund payments that we couldn't afford.. The Governor wanted to borrow 8.5 Billion to help pay for other unpaid bills. All this and you know, we didn't cut crap from our budget. We just raised income taxes, and borrowed even more money.
Stuff still isn't funded, we have higher taxes now, and we're borrowing more money we can't repay. Yeah I want to give those types of people more money.
My German colleagues had some interesting things to say about the European economic situation today, specifically Italy.
Do go on.........
Some of it was typical German banter, i.e. the rest of Europeans are morons and they don't want to have to bail out the rest of the continent. But really most of their talk was of their concern with the European market/economies and the impact that it will have on their business (diagnostic medical industry).
I'm guessing lots of volatility, up and down, mostly flat. Then when the Fed speaks, they speak mysteriously and don't for sure say "Q3", so then we'll tank lower. I think there will be more blood shed before the Fed comes to the rescue and the markets can rebound. Let's see how it goes.
So any guesses for today?
I'm guessing lots of volatility, up and down, mostly flat. Then when the Fed speaks, they speak mysteriously and don't for sure say "Q3", so then we'll tank lower. I think there will be more blood shed before the Fed comes to the rescue and the markets can rebound. Let's see how it goes.
Well, Today was the original day I wanted to go bargain shopping. The market is up atm. I watched the Asian markets turn up last night . Europe seems to be holding onto gains. It's looking like we may actually get an up day today as I originally thought.
one thing could mess that up though, that's when the Fed speaks today.
Watch the market to either accelerate gains or start falling fast after the Fed meeting.
I am currently watching a few things, will probably pull the trigger on a couple granted the Fed doesn't mess things up. Still think we're in for a few wild days ahead, but there are some bargains out there.
Did you buy into BAC yesterday, or something?
What were you in that put you up over 10%?
Did you buy into BAC yesterday, or something?
CLCT
you SOL was up 14% and change
CLCT, hmmm, I had no idea that the PSA guys were publicly traded. That's quite the dividend, too...
Instead I bought ENTR heavy around $8.50 and SOL heavy around $9.00. So yes, I'm riding those companies for awhile. Good thing I liked their fundamentals because if they were in loads of debt I'd be very uncomfortable as a long.
I've lost like 50% of what I've invested this year, blows hard. But it's been more to failed money management than reading the wrong signals. So hopefully I get the train in the right direction, otherwise I might take a nice long break.
Wow I just checked the chart on CLCT and now I'm depressed. I bought all of the wrong stocks this year and the ones I wanted have taken off well. Can't possibly be any worse than missing ZAGG, I wanted to buy at the SMA200 at $6 in late March. Came to $6.08, I never got my order in, and it's been as high as $16 (currently $13).
Well, at least you can joke that you zigged when you should have zagged
That's Jonas that was in SOL.
CLCT, hmmm, I had no idea that the PSA guys were publicly traded. That's quite the dividend, too...
It's not even as much the PSA thing, but they are the top in coin grading. with all the special coins, and fake bullion out there, A lot of it gets graded and they get a ton of money for it.
The have almost a 36% percent profit margin, a growing business, and no debt at all. Add on to that an almost 8% dividend as of today, and you got a pretty nice safe haven.
Only negative is that they are a very small cap, so they can get manipulated. The volume has been about 4-5 times average the last few days. Hope the institutions don't mess this one up like the tend to do.
And I certainly wouldn't order bullion from a Chinese supplier outside of the USA.
Wow I just checked the chart on CLCT and now I'm depressed. I bought all of the wrong stocks this year and the ones I wanted have taken off well. Can't possibly be any worse than missing ZAGG, I wanted to buy at the SMA200 at $6 in late March. Came to $6.08, I never got my order in, and it's been as high as $16 (currently $13).
I've lost like 50% of what I've invested this year, blows hard. But it's been more to failed money management than reading the wrong signals. So hopefully I get the train in the right direction, otherwise I might take a nice long break.
Awesome, CLCT has been one of my workhorses for a LONG TIME. Bought 1,400 shares at $13.88 I'm in at a level of 9.37% Dividend Yield so yeah I'm happy with the move on it up over $18. But I'm in it for the yield not the growth. Besides they payout again soon so the stock is going to drop back down after people lock in the payment on it. Maybe you should buy in then Jonas.
Wow I just checked the chart on CLCT and now I'm depressed. I bought all of the wrong stocks this year and the ones I wanted have taken off well. Can't possibly be any worse than missing ZAGG, I wanted to buy at the SMA200 at $6 in late March. Came to $6.08, I never got my order in, and it's been as high as $16 (currently $13).
I've lost like 50% of what I've invested this year, blows hard. But it's been more to failed money management than reading the wrong signals. So hopefully I get the train in the right direction, otherwise I might take a nice long break.
Awesome, CLCT has been one of my workhorses for a LONG TIME. Bought 1,400 shares at $13.88 I'm in at a level of 9.37% Dividend Yield so yeah I'm happy with the move on it up over $18. But I'm in it for the yield not the growth. Besides they payout again soon so the stock is going to drop back down after people lock in the payment on it. Maybe you should buy in then Jonas.
I actually got in originally at $14 myself It's been holding it's price through the last few dividends though. They way everything else looks, I don't know if it will fall. It's 52 week high territory and still a reasonable PE. Where else would you want to put your money?