Stuff i don't tell you about

[cottonpicken]

http://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn%5Foverview%2Easp%3Fsy mbol%3DTMF%26table%3DNYSE


Miss step,these bastards just beat me year over year.

Charlie(i know you trade) and Hopper and some others may relate to to the emotion factor.

[charliep]

Not a trader as such for either futures or financials - a hold and pray would be a
more accurate description. Given my stage in life, I am following the overall
economic situation carefully and recognize the implications of things that are
happening around us that you highlight. Likely everyone else, trying to access
implications and come up with a reasonable investment strategy based on some
assessment of risk/reward or pain/gain if you like better. Trying to find a
balance of investments that are reasonably secure in terms of underlying asset
value, don't have volatility that contributes to my blood pressure and has a
reasonable rate of return via dividends or interest. Not an easy job today. You
gave me a hard time about my investments and I might agree. Sometimes I
think I would be better just to fill a mattress with money (the little I have) and
sleep on it. Participants are lucky to have land as an investment (not talking
about the productive value or the ability to grow crop). Land may go up and
down in value but it will always be a scarce resource.

[boarderbloke]

Denninger 2011/09/21

http://market-ticker.org/akcs-www?post=194590

[charliep]

Off your original topic but I am following the debate on the cuts to the US farm bill carefully and Obama's proposed cuts.

Specifically to direct payments and crop insurance support/other income programs.

What governments do to get their financial houses in order will have direct impact on farmers around the world.

Easy to deal with these cuts in a year of $7/bu corn and $14/bu beans but will have a greater impact in upcoming years.

[cottonpicken]

This is looking really,really bad.

Once the dominoes start to tip all hell will break loose.

Watch the big banks in europe and here start to tip over.

[cottonpicken]

Its looking like game over for europe.

Greece is small potatoes for the eurozone and its
default is looking like a 100% guarantee according
to its bond market.

The implications go like this-greek defaults and the
banks that have exposure have to do a write
down,but they have already leveraged the
investment so they are instantly insolvent-people
who are aware of this will instantly overnight move
there capital out of the bank,aka bankrun.There are
rumours going around that this has started.

The big one is bnp of france,frances largest bank.

Theoretically the ecb can step in to provide
liquidity,no matter how many germans squeal, but
bnp is also has counter party risks who have to
absorb rightdowns,like morgan stanley who has a
huge risk exposure to french banks.

Now remember greece is small
potatoes,spain,italy,portugal are many times larger
in scope.

This is the derivative time bomb domino effect
nobody wants but cant be stopped.

[cottonpicken]

I cant remember bugging you about your specific
investments,i only remember attacking broad asset
class's,if it wasn't that i'm sorry.

And trust me i took as bad or worse of a likin today
as anyone else.

I had a 1.5 hour window after fomc speech and i
failed to act,could have followed king fox sprott out
of the chicken coop and come back the next night
for more but i got greedy and farmer boggis shot
my tail off.

Someday i'll learn.

[charliep]

No problem. Live in different worlds and our choice of investment strategies would reflect that. Not good or bad - just different. I have taken some courses at the university of speculation which involved some hefty tuitition. My decision is as much stress test as anything - didn't like the decision around stops/strategies first thing in the morning at breakfast. Others here are likely better at it.

[rhoff]

Help me to understand is this a leveraged ETF
long or short 30year treasuries?

[crusher]

charlie,

lol