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I could put on this bio my education, work experience, investment strategy, and a nice thin (if I can find one) picture of me in a suit looking *smart*. Sorry but that's not my intent here. Sure I invest, help family make financial decisions, and make a ton of mistakes along the way. But my time... More
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Interesting Times For All Commodities And Investments!! CHAPTER 4......
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  • Author’s reply » Ok, what direction are we heading. I just see some bouncing around right now..


    This going to happen to the end of the year? Is gold going to stay up or down? What about oil?


    24 Oct 2013, 11:39 AM Reply Like
  • Author’s reply » Krusty and others have been quiet for a while. Would you folks comment on your investments in the portfolio challenge and point out your expectations and are they being met?


    24 Oct 2013, 11:43 AM Reply Like
  • OK IT,


    Here's my update.


    If you will recall, for the challenge, I went "All In" for DAL @21.23 on 31 Jul '13.



    As of a few moment ago, DAL was at 26.36, up 5.23 so far...



    Prospects are still good, as energy prices are attractive, and the multipliers for travel and tourism are still alive and well.



    Its great when you can find a business that can still "make" money; the model used here is akin to making cheese from old stale milk, now lets all fasten seat belts, put on your earphones and crank up the volume as we prepare for more shake, rattle, and roll.


    Enjoy the rest of your flight!

    24 Oct 2013, 12:50 PM Reply Like
  • Author’s reply » EA


    What do you expect to happen in a few months to make that comment?




    Not sure if you are working today , eating at Micky D'S ,or have a roast going on in the backyard. But we have been bouncing back and forth in the challenge. You are waiting for dividends, well mine is coming Monday then it's...BEEP BEEP !!





    What is you feeling on that gold trade you made? Are you concerned or just feel in time that gold will sell off?




    Where you been?


    any others want to comment on this crazy market . Keeps going up and an 1800 S&P DOESN'T seem impossible . Am I crazy?
    (don't answer that Milk !)
    24 Oct 2013, 01:35 PM Reply Like
  • Hey IT,


    I don't see any compelling reasons for stocks to go down other than the typical back and forth. Any dips look like a time to buy more.
    I dont think there will be any tapering and at some point I could see an increase in the QE if things start to look a little rough.
    Maybe the new debt ceiling, budget talks in Jan/Feb will rile things up a little but that will be resolved ok.


    I have been buying more during every dip which should ensure a downturn is close at hand!!!


    Oil was too high. There is a plentiful supply and the middle east is relatively calm.


    Gold? Who knows anymore. While all markets are manipulated, the PM's being such a small market it is just too easy to slap it around day to day. It is unlikely that I will trade that market anymore.


    Something fundamental will have to happen to boost the PM's. I think something will one day, some day, so I have what I have and will hold onto it. Not selling anything PM related, but not buying either.


    A currency change, such as implementation of a new plan for an SDR type reserve currency including the Yuan with some degree of gold backing could spike gold especially in USD terms if it damages the USD as a reserve. I think this is coming at some point, maybe months, maybe longer, but before Obama's term is up.
    24 Oct 2013, 01:50 PM Reply Like
  • "What do you expect to happen in a few months"


    While there will be some choppiness ahead, the underlying fundamentals in my view foretend continued moderate growth and a continued gradual process of sorting out of winners and losers with the result of stronger and more resilient survivors.IOW, right now no matter what you do, you can hardly lose for winning.


    24 Oct 2013, 03:10 PM Reply Like
  • Author’s reply » TAMPAT


    I can't argue with your logic. It seems that those of us sitting this out might be missing easy money right now.. But am I too late to the dance??


    That keeps running through my head. As long as they are printing I also feel the markets will stay afloat. But what do I know!


    Welcome back !!
    24 Oct 2013, 02:19 PM Reply Like
  • Too late to the dance?
    I dont think so. You may not get to dance as much as those who came sooner, but some dancing is better than none, if you like to dance.


    My advice is still the same. Go in slowly and gradually. If you invest just 50% of whatever, even if the markets fall 50% you will only be down half that overall, or 15%, basically, since the uninvested 50% will stay the same. Or just invest whatever, 20%, 30%, etc.


    TPTB seem to be insisting on inflating stocks and there is no way to tell when it will end.
    24 Oct 2013, 03:00 PM Reply Like
  • Author’s reply » Canaccord bullish on top gold miners, says problems already priced in


    Canaccord Genuity believes top gold and silver miners have priced in the challenging environment and sees the group returning 22%, as it initiates coverage of Goldcorp (GG +4.2%), Tahoe Resources (TAHO +3.2%), IAMGOLD (IAG +5.9%), Silver Wheaton (SLW +3.8%) and Yamana Gold (AUY +2.3%) with Buy ratings.


    The firm views GG as the quality leader in the group with a discount valuation and numerous potential re-rating catalysts.
    In predicting ~40% upside in TAHO shares, the firm notes the miner is commissioning its best-in-class Escobal silver project and all indications point to a smooth ramp-up and positive risk re-rating.


    Eldorado Gold (EGO), Agnico Eagle Mines (AEM), Kinross Gold (KGC) and Barrick Gold (ABX) are given Hold ratings.




    any opinions on this????
    24 Oct 2013, 02:48 PM Reply Like
  • If I were going to invest in the PM's I would only choose one of the streamers, but thats jmo and I'm sure many might disagree.


    RGLD or SLW are probably the best.
    24 Oct 2013, 06:15 PM Reply Like
  • Believe the markets will grind higher into year end,, nothing much has changed fundamentally to change my opinion on the equity markets.. Maybe another small pullback in the cards as most averages are overbought at the moment.. However the hedge fund managers have underperformed the market and they will need to play catch up as we get into the end of year , That means support for the market . They need it to collect their fees, bonuses and hang onto their jobs..


    Oil looks like it wants to trade down to the $90 level.. possibly a trading range 85 to 95 in the future.


    Gold is now in the upper band its trading range , 1350.. A break above here may add another few dollars . Huge resistance around 1420.. I have heard reports that the last time we had a debt ceiling fiasco , gold rallied 15% , that may be what is happening at the moment.. But i still believe the downtrend is in place until shown otherwise..


    just my .02
    24 Oct 2013, 03:23 PM Reply Like
  • Author’s reply » FEAR


    Some people PM'D me and asked that since they don't have a lot of money what is the best way to try and capture some of this upside. Is an ETF the way to go?


    Like owning the whole S&P 500 instead of stock picking. If so would you recommend Vanguard as I have used them personally in the past and liked the low fees..


    Thanks! This is open to all for advice as well..
    24 Oct 2013, 03:36 PM Reply Like
  • I'm a fan of Vanguard and their ETF's. One of my IRA's is only Vanguard ETF's. I have another IRA that is just stocks, guess which one has done better.


    Here's a couple of good starter ETF's.


    VIG (dividend appreciation)
    From Morningstar:
    This fund targets U.S. firms that have raised annual dividends for at least 10 years straight.


    And VYM (high dividend yield), both contain quality companies.


    They have several others that are all good too.
    24 Oct 2013, 06:32 PM Reply Like
  • IT


    vanguard is a good way to go , the fund (VTSMX) that User is using in the challenge is fine..
    24 Oct 2013, 03:57 PM Reply Like
  • IT,


    For all those who do not have a lot of money TO LOSE, first determine the size of your investment portfolio.


    Now, check your drivers license for year of birth, subtract from 2014, and divide by 100 to determine the percentage to be invested in Bonds, or equivalent. TLT is a good analog to start with.



    Now, for the remainder, take a look at SPY and put half or more of the remainder in there.



    Now, look at your cash, and see if you want to try and strike it big.


    I'd recommend limiting individual trades to say, 1% of the remaining investable cash for what are generally regarded as speculative investments.



    Now, if you win big, take a nice long cruise.


    If you don't, count your blessings, and take a nice cruise anyway.

    24 Oct 2013, 04:10 PM Reply Like
  • Author’s reply » TAMPAT (or anyone)


    Most are using (DUST) and (NUGT) to invest in the movement of gold when they are actually the miners leverage play.


    What is the symbol for going long and short JUST for gold..


    Thanks, as I remember TAMPAT once listed them..
    24 Oct 2013, 04:44 PM Reply Like
  • @IT


    I looked at a few of the straight Gold leveraged ETFs, and stayed with Dust/Nugt. D/N has good volume & lots of activity. The others were thin. Some it's something to consider. Depending on how you're trading, straight up may be better with volume not being an issue.
    24 Oct 2013, 09:36 PM Reply Like
  • Author’s reply » @LOMAH


    The reason I asked for the symbols is that the miners and gold symbols can and do move in opposite directions. Gold can be going UP while the miners can be going DOWN. Yet you were investing long on the metals...


    I have seen the price of gold going up yet the miners long (NUGT) ETF was losing money... I just wanted to point that out as it can happen. Add to that the 3x leverage play and you can be scratching your head THINKING you used the correct symbol.


    "How can I be losing money when I invested in an ETF that is bullish? I THOUGHT if gold was going up so should the miners BULLISH ETF?", Not so all the time.
    24 Oct 2013, 11:52 PM Reply Like
  • @IT


    Agreed, as I said " Depending on how you're trading (what you want to trade on, gold, miners, etc.), straight up (ETF for only gold) may be better with volume not being an issue. "
    25 Oct 2013, 12:03 AM Reply Like
  • Author’s reply » LOMAH


    I agree 100% that volume is a big issue. Great point you made !!
    25 Oct 2013, 12:08 AM Reply Like
  • Author’s reply » LOMAH


    I should have asked this before. What symbols were you researching to use that had low volume? I always looked at (GLD) or (SLV) to see the direction of the metals or Sprotts ETF'S.


    FEAR pointed out the other two symbols to use. Do you know if they have low volume as I never looked.? (DGP) and (DZZ) ?
    25 Oct 2013, 12:27 AM Reply Like
  • I have noticed recently that (EXK) and (AG) have about as much %'age movement as both (DUST) and (NUGT) do. I am now using (NUGT) as a Gold Slam shield to protect against a $20 - 30 drop.
    30 Oct 2013, 05:04 PM Reply Like
  • Author’s reply » FEAR




    (DGP) Gold long -- (DZZ) Gold short
    24 Oct 2013, 05:45 PM Reply Like
  • Author’s reply » A request...


    Can someone explain the difference between CRUDE OIL and BRENT OIL? And how it effects the price at the pump..


    I am not an expert on oil so interested in this as well.


    Thanks in advance whomever wants to take a shot at this...
    24 Oct 2013, 05:51 PM Reply Like
  • Brent is a type of crude found throughout the middle east and in Libya. It is a high grade easily refined crude. WTX light sweet is comparable. As for price at the pump fluctuations in Brent can be caused by geopolitical factors in transporting it as well as availability. It's not as much of a factor in the US as it once was because we are exploiting more domestic production. On the other hand the EZ is still very susceptible to disruption in the supply of Brent crude. I hope that helps.
    12 Nov 2013, 10:14 AM Reply Like
  • We have had some extremely active commenting on an article by Felix Salmon, The Default Has Already Begun. It began to be a forum on The Federal Reserve and on the views of two guys who were promoting the wonderful notion of "an International/World US Military Presence"


    Felix Salmon's article has gotten more than his share of hits due to this activity. If interested, look at the article and comments once to get a basis, then return here for continued commenting on your takes. I will copy a couple of the comments below that instigated the activity.

    24 Oct 2013, 09:16 PM Reply Like
  • on the Salmon article & the FED comments,
    WMarkW posted some excellent research (bottom of comment area) of judicial rulings that the Fed Reserve banks are NOT agencies of the US Govt - do not have agency status.
    24 Oct 2013, 09:34 PM Reply Like
  • Author’s reply » JW


    On another subject that JBT has been asking about, ammo...Just look no further then the Dept. of Education. I kid you not !


    Gotta start opening our eyes and mouths and asking why !!

    25 Oct 2013, 12:18 PM Reply Like
  • Author’s reply » JW


    You are going to love this article about Rand Paul trying to stop Yellen's nomination..


    Don't think this will happen but it sure will be interesting!

    25 Oct 2013, 09:08 PM Reply Like
  • JM Badagliacco, commented


    "NO, the US borrows from the Federal Reserve...
    A Private Corporation...


    It is all a sham... The US borrows from the Federal Reserve, who creates the currency out of thin air... Then purchases US Securities with the currency they just created out of thin air...


    How is this sound policy? It ISN'T!! And now we, the American people are paying the price by accumulating debt to a Private Corporation who issued currency out of thin air that we have to pay interest on... WHY??


    Why doesn't the US Government simply tell the Fed to cram it and Issue our own currency? This is the most ridiculous thing ever!!!"


    Go Lakers, replied:


    "What absolute garbage. Please name this "private" corporation and do us the favor of telling us who owns it."
    24 Oct 2013, 09:22 PM Reply Like
  • My reply to Go Lakers:


    You didn't think the Federal Reserve was a department or agency of the US government did you?


    Its really easy to find out about the constitution of the Federal Reserve System. Just read the Federal Reserve Act of 1913 that established the system of reserve banks that are owed by private banks that are controlled by very rich and powerful people.


    If you don't want to read the Act, then here is two short sentences from the Fed web site:


    "The 12 regional Federal Reserve Banks are organized similarly to private corporations--possibly leading to some confusion about "ownership." For example, the Reserve Banks issue shares of stock to member banks"


    There is no single "private corporation" that owns the Fed. It issues stock that is owned by member banks which ARE private corporations and these are controlled by private individuals - the directors and CEOs.


    Though it is authorized by the government to do what it does. The "Federal" in the name is just there try to make it appear to be governmental so people won't question it, (its not supposed to be transparent or easy to figure out).


    I was not "garbage" to use the "private corporation" description. Rather than stating that it is a "private corporation," MJB could have stated that it is OWNED by private corporations (plural).
    24 Oct 2013, 09:24 PM Reply Like
  • dnorm1234
    had issues with my comment above.


    "What about his claim that it's co-owned by the Rothschilds, Rockefellers and JP Morgan?


    Your demonstration of fact is appreciated, but it comes from a different place than the conspiracy nonsense, which GoLakers rightfully referred to as garbage.


    ">The "Federal" in the name is just there try to make it appear to be governmental


    This, on the other hand, is speculation. Do you say the same about Federal Express? "Federal" is a descriptor of the organization, it isn't interchangeable with "government" ."


    --If dnorm1234 comes by here I will reply to him. I do have a reply ready for him if he wants me to share it.


    Anyone have a comment on dnorm1234's statement above? Does having a problem with the creation and activity of the Fed, make you out to be one who believes in "conspiracies"?
    24 Oct 2013, 09:27 PM Reply Like
  • Author’s reply » JW


    "If you don't want to read the Act, then here is two short sentences from the Fed web site:"


    People always seem to miss the last sentence...Guaranteed 6% annually !!!
    24 Oct 2013, 11:46 PM Reply Like
  • While the serfs get .025% annualy
    25 Oct 2013, 12:21 AM Reply Like
  • Author’s reply » JW


    "Its really easy to find out about the constitution of the Federal Reserve System. Just read the Federal Reserve Act of 1913 that established the system of reserve banks that are owed by private banks that are controlled by very rich and powerful people"


    That statement you made just puts it all in order. The decisions that run this country are made by no name very very rich people who will do anything to keep the money rolling in for THEMSELVES!!


    It will be interesting to see some new commenters coming here, as well as a few who do post here already and have seen this article..


    Maybe manipulation, corruption, etc will be better understood if people really understood the makeup of the FED... I BET EVERYONE WOULD LOVE TO HAVE A CHECKBOOK THAT NEVER NEEDS TO BE BALANCED.


    Need money? Poof , here it is !!


    But this is way deeper then my comment. Let's see what others have to say or we will just move on. But EVERY opinion is welcomed to banter about. Funny, I had read that article over a week ago but never followed the comments. They are INTERESTING for sure!
    24 Oct 2013, 11:38 PM Reply Like
  • Hey people, don't think that you can't pipe in with something if its not about the Fed topic.


    I wasn't trying to limit discussion or comments to the topic (the Fed) in the comments above.


    It was really on a roll (the commenting), on that other article and just wanted to transfer the action here and meet some new people.


    Don't hold back if you aren't interested and don't have anything to say about the Fed topic, but we are hoping that we'll get some activity re-channeled here.
    25 Oct 2013, 12:18 AM Reply Like
  • Author’s reply » JW


    I appreciate you trying to direct some new ideas into my blog and giving me a heads up prior as well. You did not have to do that and it is appreciated.


    Some here might find that article and comments interesting and actually take up the ideas the author made BUT make the comments here for all to discuss.
    25 Oct 2013, 12:24 AM Reply Like
  • I visited that article thread - got the heads up on it here BTW - thru John I believe (thanks John) I still haven't read the entire thread... it's like looking at a car wreck, ugly but you can't stop looking... There are some very informed people commenting there, but a larger percentage are sadly out of touch and or uninformed... I had to stop reading. I think I threw up in my mouth a little.
    8 Nov 2013, 07:37 PM Reply Like
  • The Federal label is placed there just like your Federal Credit Union. It has nothing to do with ownership.
    12 Nov 2013, 10:19 AM Reply Like
  • Author’s reply » BTW


    I still have that oil question out there for someone to tackle...


    25 Oct 2013, 12:31 AM Reply Like
  • From memory (and I am pre onset Alzheimers!) WTI is West Texas Crude, a great oil but it needs more work to refine it.


    Brent, on the other hand (OTOH) is from the North Sea. Where the oil is purer & costs less to refine.


    Since the grand old USA is finding more oil everyday, we should all be doing the "Happy Dance!" Just saw a really inspiring profile on CNBC about Philadelphia. They are building tankers yall, to move all that crude around. Jobs, jobs & more jobs.....all thanks to the oil industry that is booming right here in these United States of America.
    25 Oct 2013, 05:36 PM Reply Like
  • IT,


    I am not an expert on the oil markets ,
    but two links to wikipedia - Brent crude



    WTI Crude


    Maybe someone with more knowledge of that market can provide more detail ....
    25 Oct 2013, 09:27 AM Reply Like
  • This morning I managed to create an account on the health care exchange. I had previously tried a couple of weeks ago but failed. My current crappy insurance will expire in one month and cannot be renewed, and I wanted to see what my options are.


    I have been paying $99/mo for a high deductable plan. This was the cheapest insurance plan I could find last year.


    On the exchange, I have thirty one plans to choose from. The cheapest one will cost $230/mo and the deductable is twice as high. And doesn't even provide full coverage after hitting the deductable.


    So I guess I'm going to have to go back on my employer's insurance. Which means I will lose the instant 12% raise I got last year for forgoing insurance through my employer. That's assuming my employer doesn't double their premiums as well - I will find that out in a couple of weeks.


    I could not tell on the site if I qualify for any tax benefits. Every time I hit that link I was automatically logged out. I gave up after an hour or so.


    And yet, all I hear about on the radio is how bad the site is, not how much rates are increasing.


    Oh, crappy high-deductable plan, we hardly knew ye...
    25 Oct 2013, 09:44 AM Reply Like
  • Author’s reply » USER


    I have heard plenty of Republicans mocking those Dem's who have the nerve to say "A family of 4 in Iowa can now have health insurance for only $100 bucks, isn't that amazing!"


    The easy comeback has been "But the deductible is $5 grand, has higher co pays, and also does not cover all costs ."


    So we now learn from a reliable source how great this plan really is. They can lie and smile in the cameras all day long, Americans are now getting wise to what our Govt. are forcing down our throats.


    These are the macro economics I am always afraid of. So now USER won't be able to pay for something that actually can help our GDP. He has to decide on giving something up.


    When does that hit the corp. bottom lines ?? Tic Toc...
    25 Oct 2013, 12:02 PM Reply Like
  • Yea, you could probably get a plan for $100 a month with a $5,000 deductible AND a 98% COPAY. ;-)
    30 Oct 2013, 05:08 PM Reply Like
  • Author’s reply » USER


    I have been holding this article for the right time about these great plans.


    It is a must read for all to get enlightened at what is ahead for all of us.. Disgusting imo !!



    God I hate when they throw propaganda around that really does hit you in the pocket!
    25 Oct 2013, 12:14 PM Reply Like
  • IT,


    I'm not out of ideas yet! May have to beg the Woman to finally marry after 8 years of tempest to get on her state-plan. That is of course that her rates don't go sky-high. And that she would say yes. And that after her paying for my insurance, she will be able to afford Her student loans which are much more than mine...


    I started to read your linked article. I gave up. It's too depressing.


    "I have heard plenty of Republicans mocking those Dem's who have the nerve to say "A family of 4 in Iowa can now have health insurance for only $100 bucks, isn't that amazing!"


    The easy comeback has been "But the deductible is $5 grand, has higher co pays, and also does not cover all costs ."


    I like Iowa. Friendly people from what I remember. Scenery wasn't special and quite cold, but I always liked the state. May have to think about moving there...


    My currently short-lived deductible is $3500. Was $5500 early this year when I was covering both of us and was $200/mo. That's for two people.


    My new Obamacare deductible will be $6500. With over double the payments. For just me. And only 60% coverage after the deductible. Which I don't currently have any known health problems, mainly because I don't trust doctors and may or may not be willing to treat myself and others with Veterinarian grade antibiotics and such.


    Really? And I can't tell if I can qualify for getting a tax break or anything? Mainly due to automatically getting logged off repeatedly when I clicked the (nevermind - I just tried logging in again and the website is back to crashing).


    I don't know if I am reliable. I would encourage everyone to sign up on (if you are able to) and compare your current insurance vs. what your new choices are.


    I make the median income in this country, a bit better than median in my particular state. From what I've seen this morning (after a few weeks of trying), this is going to hurt pretty bad.


    Anyone know off hand what the tax-penalties are for declining insurance? I'm starting to give some serious thought to this and accelerating my student-loan payoffs for the tax-break and going back to using the county health department as an alternative...
    25 Oct 2013, 01:05 PM Reply Like
  • Author’s reply » USER


    First year you decline I believe it is under a 100 bucks and done on your tax return. Second year it goes to alittle over 300 bucks. Third year it is around 600 bucks.


    My 26 year old daughter who now comes off our family plan says she will not buy it.. So even if this does implode as many suggest I am sure it won't be pretty ..
    25 Oct 2013, 01:28 PM Reply Like
  • That little? Kind of a no brainer for me. Will have to research it.
    25 Oct 2013, 03:02 PM Reply Like
  • Okay User I like you, as a native Iowan now stuck in NJ for over 25 years. However, I do intend to return to my native soil because there is no place to retire like Iowa. You can always go south during the worst months, as many do. My mom says (she's 88 & still working, so Iowa is good for your health too) it's already cold. Like below freezing cold (in the 20's) and we haven't even hit November yet.


    Here's what I remember: snowstorms in November so getting home for Thanksgiving could be a challenge. Ahh but the football years with the great Hayden Fry were so sweet - at the University of Iowa, he turned the Hawkeyes into Giant killers. Makes my memories of college all the more nostalgic, thank you Coach Fry.


    January was the worst month. Don't believe we got over zero degrees much in that month.


    As they say, only the best can take the worst winters. Consider it good for your soul.


    Living in Iowa would be a privilege and an honor, should you choose the Hawkeye state.
    25 Oct 2013, 05:45 PM Reply Like
  • IT, my 19 year old son already has his own plan. Since it costs about $500 for me, another $492 for my husband, it was much cheaper to pay $192 for him. We all have individual plans & are saving mucho dinero now. Thanks to.....wait for it......the new rules and changes the ACA has caused.


    That's with Horizen. I'm sure even in your neck of the woods you can see if their (now much more AFFORDABLE) health plans could save you money.


    By the way, a few years ago we were paying $1700 a month for the family. Now, just under $1200 for the same EXACT plan.
    25 Oct 2013, 05:50 PM Reply Like
  • Oh, and THANK YOU to Obama for making our health insurance more affordable. With some more work, we should be able to get drug costs down & CONTINUE to see health care drop.


    We don't have a company plan, we have to buy our own insurance. A few years ago, the healthcare insurance companies sure did take advantage of that. Not so much anymore.
    25 Oct 2013, 05:52 PM Reply Like
  • BSF,


    Never heard of Horizen. Georgia's got three insurance companies on the site providing near Atlanta. How many does NJ have? Maybe you'll be right and costs will drop across the board, but for right now I'm looking at some really ugly increases if I want to buy my own insurance. Not sure what my hospital will offer this year - they doubled rates last year.


    I remember Iowa being rough in the winter, but it was a relief to get there after driving from Fargo and then through MN in January. :)
    25 Oct 2013, 07:10 PM Reply Like
  • User


    You should have gotten an "eligibility" letter that you could have downloaded. This would tell you if you were exempt from a penalty due to low income. The penalty for 2014 would be $95, but I am of the opinion that the penalties will be revoked, at least for 2014. In 2015 the penalty was to go to $325.


    The problem is that there is a MANDATE for people to get health insurance beginning in 2014. It is a requirement. The joke is that even if someone was desperate to do so, he/she may not be able to do so. There are all kinds of bottlenecks in the system that are preventing people from applying. So how can you mandate people to buy it and then provide a defective method and system for doing so, and then penalize them when they fail to succeed in applying and buying?


    Obama's own party will force him to delay the mandate for at least one year.
    25 Oct 2013, 08:18 PM Reply Like
  • Author’s reply » BSF


    I think Iowa might be able to beat your Giants right now. You can throw the win against Minny out the window as the Vikings have a huge quarterback issue.


    Saying he played with a concussion on Wednesday smells fishy to me. Remember Josh Freeman was released by Tampa Bay for a reason. Plus he wasn't named Captain of them this year either..


    I wonder what it might be??
    25 Oct 2013, 08:43 PM Reply Like
  • Author’s reply » Yup, it is really pennies the first two years. I hope by the third year it is banished somehow or at least transformed into something that is truly affordable...


    I keep thinking that the young ones will just roll the dice as the article I posted above suggested...
    25 Oct 2013, 08:45 PM Reply Like
  • @ IT and JW,


    Agree with both of you. I'll pay the penalty for a couple of years.


    The eligibility bit was the link that kept kicking me out of the system. I'll try logging back in another month.
    25 Oct 2013, 08:59 PM Reply Like
  • lol so true User, when you are driving from N. Dakota or Minn, in the winter time, Iowa weather is down right balmy!


    true story: the day we left Iowa (12/12/1985) it was 85 BELOW zero with the windchill. Yes really. When we got to the airport for our flight, the plane couldn't take off as scheduled. The plane was FROZEN, they had to warm it up so that it could work. Not kidding, this is what really happened! I remember shivering in my down filled coat, never taking it off until we got to JFK airport. It was about 32 degrees, a little warmer as we headed for NJ. There was something unexpected falling from the sky. It was wet....not snow....RAIN! Can you believe going 117 degrees warmer in one day? I tell you it felt more like spring than winter, to us coming out of the cold Iowa frozen icebox.


    I hardly ever wear a winter coat in NJ. Even when I'm shoveling snow, it's too warm to wear one.
    26 Oct 2013, 05:30 PM Reply Like
  • It's Blue Cross Blue Shield, Horizon (sorry, spelled it wrong above).


    That's the main problem with healthcare. When you are in a state with a smaller population, the costs are higher. Why? Because the dam* healthcare companies are getting away with it.


    Imagine if healthcare was non profit. Or at least competitive. It's outrageous what we pay for our healthcare. Especially for drugs....what the drug companies do to us is even worse.


    No other country in the world is as stupid as ours when it comes to affordable healthcare. Obama is doing the right thing. Give it a chance, these terrorista drug & healthcare companies have to be controlled. Otherwise, we might as well have no health care.


    Which I've often thought about. How about that, no healthcare. Then social security & medicare wouldn't go bankrupt. Think of all the job opportunities, as people die off younger. We wouldn't need all those expensive nursing homes either, where old people are kept alive just to drain their bank accounts & charge medicare so that some vultures make money.


    Nope I am not kidding.


    I've stopped going to doctors. Wish I could stop going to the dentist, but then I'm not great with pain.
    26 Oct 2013, 05:40 PM Reply Like
  • I can't watch the Giants anymore & you are smart enough to know why.


    Plus the guys hit too hard. I was really glad to see a star Ohio State player tossed out of the game after he tackled 2 Iowa players using his head, above the number - which is now illegal in college football.


    Then need to do the same thing in the pro games.
    26 Oct 2013, 05:45 PM Reply Like
  • Author’s reply » BSF


    Now guess who is getting some of the blame for the concussions.? The NFL is not renewing their contract with the helmet maker Ridell.


    I guess they either have found a better helmet or hope to do so. But this could be the end of Ridell for sure..


    Now guess who will be getting sued next?
    26 Oct 2013, 05:51 PM Reply Like
  • Be very careful when entering personal information on the Obamatax site. It has moderate to severe security risks associated with it. If it was a civilian run site it wouldn't get accreditation. They gave themselves a waiver to bring it on line.
    12 Nov 2013, 10:28 AM Reply Like
  • Who wants to make money??? Yeah I thought so, read Chuck Carnevale's latest article & get rich



    I don't know how many times I've posted this, but I love this guy. He's my all time favorite author on SA.


    And yes, I have made more $ by listening to him. My (SBUX) (MCK) (KKD) and (TSCO) have gone up like crazy & guess what, I haven't owned any of them that long. Just started buying in Feb. of this year. (AIG) has done great too for me.


    Stocks like (SBUX) (TSCO) (KKD) still have a long way to go. They are not done yet. Throw (DPZ) in there. I'm planning to buy it. It's doing well all over the world, too. G-R-O-W-I-N-G!


    (MCK) has been around forever. What a Chuck's article and you too can become super wealthy in just 10 to 15 years.


    After reading his article, I mentally divided to $30,000 or $50,000 the stocks he profiled.


    You still end up with millions!
    25 Oct 2013, 05:31 PM Reply Like
  • Oil is a complicated subject, and well worth studying as it impacts everything. WTI and Brent are two oil benchmarks. There is another one as well, the Dubai. If someone is comparing Brent with Crude, they are likley comparing Brent with WTI crude.


    West Texas Intermediate (WTI) Oil (Texas Sweet Light) is a type of crude oil used as a benchmark in oil pricing and the underlying commodity of New York Mercantile Exchange's oil futures contracts. WTI and Brent Crude are usually referenced in Western news reports about oil prices. WTI is lighter than Brent Crude. Its properties and production sites make it ideal to be refined in the US. So it comes from the US, and is refined in the US.


    Brent Crude or Brent Blend consists of Brent Crude, Brent Sweet Light Crude, Oseberg, and Forties. Brent Crude is sourced from the North Sea. Oil production from Europe, Africa and the Middle East tends to be priced relative to this oil.
    25 Oct 2013, 05:36 PM Reply Like
  • Author’s reply » For those who invest in gold either going up or down I would appreciate your thoughts on this article. Does it make any sense??



    Have a great weekend all !!
    25 Oct 2013, 08:35 PM Reply Like
  • IT,
    If you go back and look at Jason's articles you can see his calls on gold have been woefully inaccurate ..


    Caveat emptor on his opinions ..
    26 Oct 2013, 08:37 AM Reply Like
  • Author’s reply » FEAR


    Thanks for that info. I did not know that..
    26 Oct 2013, 01:29 PM Reply Like
  • IT


    I just saw that Info Wars article you linked to above on 10/25 about the Dept of Ed and the Soc Sec admin buying ammunition and Glock pistols (didn't see it before). That triggered a recollection of a story about "Detention centers" being built at some Post Offices where the Social Security admin has its offices as the Post Office is usually in the Federal Building in cities.


    Ammo stockpiles and detention centers in Post Office?


    Yes, I would be and am concerned about that.

    27 Oct 2013, 10:52 PM Reply Like
  • Author’s reply » JW



    Check this article out. Think big brother is looking over our shoulders??


    Anyone have a stocks they now like and could you explain why??
    28 Oct 2013, 07:16 PM Reply Like


    I copied this from the challenge page...




    I think we had this discussion and even moved it to 2am to help the people on the west coast. Then someone brought up a reason why this wasn't a good idea.


    I just don't remember who or why... But I am open to changing the time.. Should we go back to the 2am time ?


    I do remember the discussion about the futures. So I would like to stop that advantage. Open to whatever time suggested....I know it's a game but we should have rules as well...


    I am thinking as I am typing so as of now if no one complains I am going back to the old rule. THAT YOU HAVE UP TO 2AM EASTERN TIME TO ANNOUNCE YOUR TRADE FOR THE NEXT DAY'S OPENING PRICE.. This will start as of Monday of next week to give everyone time to read this.. So essentially on Saturday at 2am ALL trades for Monday morning must be in print!!


    Any objections or agreements please just post agree or disagree. If you disagree please explain why.


    Thanks!! "
    29 Oct 2013, 12:46 PM Reply Like
  • Author’s reply » Man this market does not want to quit...


    FEAR, are the charts still saying we have room to go or do you expect a better entry point?


    I have been sitting on the sidelines waiting for a better entry point but I may have missed the bus. The traders have said S&P 500 was out of the question. It now looks like it could happen very soon.


    Is this scaring anyone?? Or has the economy really gotten that much better? I am looking for some thoughts here..


    Thanks !
    29 Oct 2013, 04:20 PM Reply Like
  • IT,


    The market is in overbought territory, but as we have seen this week markets can stay in oversold or overbought terms for a while..


    I am expecting a pullback , but do believe it will be shallow like all we have seen this year. I wil be writing another update later in week on the overall market on my blog.. U can check there for my comments.. One of the ways to get back in is to select quality names that have been taken down for one reason or another... I added (CVX), (GS), (XOM) during the debt ceiling "crisis" .. All will be winners going forward into '14 . All documented on the blog..


    Look at (CMI) --beaten down today. I haven't done up to date research on them yet , but they are a quality outfit..


    I have stated throughout , we are in a secular bull market and the market will be higher in '14 than it is today.. so , no I am not "afraid" at the price action at all,,, Selecting good names that are beaten up is one way to approach the markets now..
    29 Oct 2013, 06:08 PM Reply Like
  • Author’s reply » FEAR


    Next time you post please also give us the link to your blog..


    I would like to read it and comment on it if you don't mind. Please keep adding the link every time you update or write a new one for all of us.


    29 Oct 2013, 06:17 PM Reply Like
  • My blog posts are here..

    29 Oct 2013, 06:19 PM Reply Like
  • Author’s reply » FOCAL


    You made a great trade with great timing. Would you mind sharing your reasoning here and in our last chapter??


    29 Oct 2013, 04:28 PM Reply Like
  • IT don't go into this market all at once. It is too high. But there are beat up companies out there. Look for the ones where the PE ratio is under 10, or at least under 15. Go slow, very slowly into anything. My favorite way to buy is just a few shares a month. Spreads the risk, and you will dollar cost average out your positions. (M) is quite a buy IMO, but go slow.


    I can see why (DLR) is falling. Check the PE ratio, plus having to pay higher mortgage rates would have to affect all mortgage REITs.


    (CMI) is getting pummeled. This is a great company.


    Right now, I'm not really interested in buying anything. Trim some off the winners - and take sell some losers this week. If you are 100% invested, I would cut that back to about 80%, keep around 20% in cash.


    We will have some major pressure this week and next week....but expect the "rally" to continue until the end of the year. Next year is likely to be rough, especially when the FED starts talking QE easing & actually does it. If the bums in DC do their usual crap, expect that to take us down in February.


    If you are a gambler, get into (DUST). Maybe at the close today, or tomorrow. Just don't go all in at once. Lots of people are day trading (NUGT). But it's a dangerous game.
    30 Oct 2013, 12:57 PM Reply Like
  • ps I'm expecting the market to go higher after the FED meeting today. That's because they will put off easing (the taper) until no earlier than March of next year.


    And thank your tp buddies for wrecking Christmas. 99% of our economy is based on confidence. If we are not confident, if we fight 24/7 in DC, then people become worried & stop spending $.


    Yes it is as simple as that. Think about it....are you doing anything differently today because of fear? Confidence is everything.


    One more point before I go. Obamacare or the ACA will ultimately create jobs. It's just the constant fighting & crap going on amongst rabid politicians is killing all of us.


    If we cannot put aside our differences & work for the good of all of us, then what are we really doing here on earth.
    30 Oct 2013, 01:03 PM Reply Like
  • Author’s reply » "ps I'm expecting the market to go higher after the FED meeting today. That's because they will put off easing (the taper) until no earlier than March of next year."


    BSF..I also chickened out last night as I expected the same as you...But gold is selling off as well. This is why I won't gamble in this market right now. I just proved to myself I have no clue.


    I was going to gamble for just ONE DAY on gold dropping but honestly deleted the trade as I want to see by just staying with (PSEC) for the rest of the year where I end up. I should have gambled one more time.. lol
    30 Oct 2013, 03:01 PM Reply Like
  • Author’s reply » BSF


    I believe they already announced that tapering has been pushed off for a while. Quite honestly I don't even seeing it happening at all because we will be getting close to the next Presidential election.


    As I stated before I don't blame the Tea Party at all. The media prints them to be the reason but I believe in quite a few things they want. I want a smaller government with less influence on investments!!


    I also realize that we will have pain because of the hole we are in. It is easier to blame someone when things seem dire. I think BOTH parties are to blame right now..
    30 Oct 2013, 01:12 PM Reply Like
  • Author’s reply » BTW I am not sure gold's better days are behind it yet either. I almost pulled a gamble yesterday in the challenge but then thought better of it.


    I still see higher prices ahead. But what do I know !
    30 Oct 2013, 01:20 PM Reply Like
  • As I've said in the past here, they all share blame in DC. The idiots should get to work & reform the tax code. Imagine all the companies that would start manufacturing, marketing, research facilities, etc. if there was a tax incentive to do so. There should be tax benefits to all employers that create new jobs. Or even just fill existing ones!


    There are over a million jobs - yes ask anyone who is working in the computer/electrical engineering hiring area - that major US tech companies are looking to fill. We don't have those people available to fill these jobs right here in the US. And there aren't enough available visas to get foreign tech people over here (that's due to cutting the foreign visas after 9/11, for both college students and workers). So guess what happens. Our American tech companies are forced to go overseas to fill those jobs, as they have been doing in huge numbers for many years. But if those foreigners were allowed to come here, then they would spend their salaries here. Wouldn't that be a huge boon to our economy.


    When will immigration reform get going so that problem can be fixed? By the time they do fix it, all those jobs will be long gone, filled overseas. The irony is that it's actually cheaper to hire American workers & set up operations here.


    If you are an electrical or computer science student in college, you should have plenty of job offers to choose from by the time you graduate.


    During the gov't shutdown, we lost billions. It shook up lots of people. As we all hunker down & spend less, it does affect the economy badly.


    Eventually we will get out of this. But the next big election will determine just how long it takes. Meanwhile, nothing much will be accomplished until after the 2016 election.


    At this point, I don't really care anymore. It's not good for my blood pressure to get upset anyways.


    Time to go for a walk and enjoy the nice fall weather. ; )
    30 Oct 2013, 01:41 PM Reply Like
  • Author’s reply » BSF


    Do you have a straw in your mouth for air as it seems you are up to your nose heading for the underwater territory.. lol


    Meanwhile JBT quietly heads up the ladder and will be eyeballing Krusty soon!
    30 Oct 2013, 06:16 PM Reply Like
  • Anyone watching the price of gold today? It went up all am & now as we get closer to 2's falling a tad.


    30 Oct 2013, 01:44 PM Reply Like
  • Author’s reply » Well no surprise. The morphine continues... I really am going out on a limb and saying we see no taper in 2014 !


    The Fed leaving the door open for taper in December is just a smokescreen to confuse investors..


    Yellen will be handed these decisions, Ben just bowed out ..
    30 Oct 2013, 02:10 PM Reply Like
  • IT, totally agree. My uneducated guess is no taper. They can't! Rather an increase in QE can be expected. They have to from where I'm sitting. We will know soon enough after we get thru Jan and Feb when the continuation of October's circus plays out.


    my 0.02
    8 Nov 2013, 07:52 PM Reply Like
  • Author’s reply » Ok, the Fed says no taper, the spigot is still open BUT the markets are selling off. What did I miss? What did the markets expect ?


    Gold is selling off as well. I am sure missing something here..
    30 Oct 2013, 02:43 PM Reply Like
  • Thank goodness you didn't buy (DUST) today.
    30 Oct 2013, 08:49 PM Reply Like
  • Market recently made new highs , was really "overbought" in the short term , was due for a pause and profit taking ,, nothing more, nothing less. S & P is up over 5% this month alone.. & 24% on the year.. time to take a breather.. This is the time to pick out quality names and wait for them to hit your price targets..


    Many thought gold would rocket higher after that fed announcement , the downtrend seems to still be in place ,, no rally on that news is not a good sign for the gold bulls.. Tomorrow is another day .. we'll see
    30 Oct 2013, 04:08 PM Reply Like
  • @ IT


    I'm finding MarketWatch's running stream sometimes makes sense out of these moves.


    They suggested earlier or yesterday that no taper is built in (expected and we've been running up on it), so if there's any hint in minutes that tapering will be still considered before March 2014, it could still see a big sell off. They're now quoting Hilsenrath as saying Dec's not off the table, and that's news to investors.


    Nugt went down right after the announcement, same as everything else... but then it all reversed course. Nugt's back up to where it started. So you're pulling out on Dust was a good move. (N/D of course being effected by stock price movements, not just gold, which gets even messier.)


    They've also been explaining that as if bond buying slowed, dollar would rebound up, so gold would go down. (I find that combo on gold hard to follow every time.)


    I missed the actual announcements. So I can't get a read on what I think they said.


    The market was at new highs, and pushing it. Earning were decent, but market was pushing it on valuations of them. So it's merely looking for an excuse to come back in line. On CNBC guests are saying they aren't finding anything much they want to buy right now. Add some people taking profits from good runs, and the market will move lower.


    I couldn't tell you if tomorrow it will get all happy & up again, or this trend will continue for a couple weeks.


    Part of the pricing is based on valuations, so it will move back to fair ones (they are only slightly lower, I assume). The other part of pricing is based on assuming this is a safe environment because of tapering. So anything hinting at it ending (numbers or Fed announcements) matter. Whatever direction the market naturally takes, there will be media announcements by Fed-associated people, to move it if it seems too extreme to them.
    30 Oct 2013, 04:19 PM Reply Like
  • Why is the media constantly talking about "record breaking rally" today? It WAS rallying yesterday, but did I miss a rise today?


    They're talking about high point, without talking about some movement down today, especially in small caps? I'd think they'd be talking about "whether the rally is ending" (they always look for drama.) The small cap drop isn't even being mentioned.
    30 Oct 2013, 05:33 PM Reply Like


    1) Gold goes lower but so does (DUST)...Humm.


    2) No taper but gold goes lower.. Wonder who put in that big of a sales order or a futures order to make sure gold did not rise?


    Yeah, I am a conspiracy and a manipulating type of guy. I trust no one with my money. It is just the timing of these moves ( market and gold lower ) AFTER the Feds announcement that bothers me..


    We should have seen both go up. But nope it is just the opposite. So what's the deal. I understand that the market might need a breather, but again the timing of it concerns me...


    Let's see where gold heads next week. My guess is a little higher. They took the sting out of the price increase already. Someone saw to that ! I am not a gold bug, I am just merely stating that something smells...


    Talk shows today said that the economic data was weak enough to actually announce a higher QE . Not to lower it ! That I found interesting because that is where I think we are headed...


    My 2 cents!
    30 Oct 2013, 06:12 PM Reply Like
  • The real problem is nobody but the Fed is buying those treasuries with low interest rates. So when the Fed does stop buying them (the taper) then in order to get somebody else to buy them, the interest rates will have to go up, a lot. Really, a 10 year treasury with 2.5% interest?? Even at 10% I wouldn't buy it.


    When interest rates go up too fast, that will have a negative effect on the economy. Cars, homes, etc. will all be less attractive. Unless of course people are earning so much $ at their jobs that they don't care.


    It's going to have to be a very long slow taper in order to keep interest rates going up gradually.


    Time to stock up on liquor, because it's sure to go up in price.


    IT, since you don't trust anyone with your cash, I can see why you don't invest it in the stock market.


    Since I can't daytrade, the portfolio challenge is hard for me. lol.
    30 Oct 2013, 08:47 PM Reply Like
  • Blue ,


    common misconceptions and my .02 on fed and the reduction of asset purchases. .


    30 Oct 2013, 09:01 PM Reply Like
  • Author’s reply » BSF


    Honestly my hang up is the timing (as of years left to make up a loss). I am going on 57 and because of my health have to be careful. Money isn't rolling in as it did when I was healthy.


    So I have to really think is it worth it with my time horizon ? Others here in their 30's I would say yes...But closing in on 60?? That is why the more I learn the less I know !!


    Car accidents and a divorce in my lifetime have a way to blow up ones investment plan.... lol


    Days like today leave me scratching my head and questioning my possible decisions...
    30 Oct 2013, 09:02 PM Reply Like
  • IT, your doppelganger otherwise known as my brother, called me late last night. Seems he took some crazy pills (well, he is a pharmacist!) and was all worried about the markets plunging today.


    Sell! Sell everything! Sell the kitchen sink!! We are going to you know where tomorrow, was his message. Also the constant reminder to "Buy Gold! Buy as much Gold as Possible!!!"


    I guess he was mistaken, at least for now. ; )


    Here's an interesting author that seems to be getting the gold trend right fairly often



    Hope you are doing better today my friend.


    31 Oct 2013, 02:24 PM Reply Like
  • Author’s reply » BSF


    Am I really that negative? lol..


    I have to go load up on my ammo, food, and wood >>>
    31 Oct 2013, 10:02 PM Reply Like
  • Author’s reply » FEAR.. This certainly backs up your position..


    Russia sells gold for first time in a year


    Russia's central bank - which accounted for 30% of official gold purchases since 2010 - sold 12K ounces of the metal in September, the first sale in a year, according to IMF data. "Gold really doesn't have much to offer," says commodity analyst Joe Murphy in one of those quotes you never hear at tops. "People are seeing better opportunities, whether that be in bonds or equities."


    Central banks have a dubious track record with gold, and were regular sellers for years up until 2009, and became net buyers in 2010 - particularly the emerging market central banks. Thomson Reuters GFMS sees central banks as cutting back gold purchases by 34% this year - so while they're not buying as aggressively, they're certainly not becoming net sellers yet. Contrarian bulls need to stay patient.


    Then I just read this comment below the article.. Confusing isn't it ??


    "When I take the WGC official reserve holdings of Central Banks, I find Russia to have added from 996.4 to 1,002.8 Tonnes in September, i.e. appr. 6 Tonnes.
    I certainly find no trace of Russia having sold 12K oz on balance.
    It is possible though that Russia intermittently sold 12K ounces - I don't question the IMF's honesty - , but the end result is a gain of 6 Tonnes.
    BTW, in October so far Russia has added 13 Tonnes to it's Central Bank's stockpile, going from 1,002.8 to 1,015.5 Tonnes.
    I have the impression someone is trying desperately to find whatever argument good enough to convince people of selling their gold by saying: be careful, even the Russian bear isn't kean on gold anymore.
    Well, I can assure everyone: the Russian bear is accumulating more than ever before."


    Who knows what to believe !!
    30 Oct 2013, 09:41 PM Reply Like
  • Agree, the crosscurrents on the headlines is confusing..


    That is why watching the actual price action of any investment is important..


    Gold did seem as if it in fact should rally on the fed news the other day , yet it didn't and today its back down , so that downtrend line is still holding in place... Bounces can & will happen in both directions along the way but to oversimplify you don't go against the prevailing trend until its broken.. Therefore, my approach to gold at the moment is negative .
    31 Oct 2013, 10:08 AM Reply Like
  • Author’s reply » The miners are getting squeezed...


    Barrick Gold plans $3B capital raise, shares -4.8% AH


    Barrick Gold (ABX) -4.8% AH after announcing plans for a bought-deal public offering of 163.5M common shares at $18.35 each, for gross proceeds of ~$3B.


    ABX plans to use ~$2.6B of the net proceeds to strengthen its balance sheet and improve its long-term liquidity position by redeeming or repurchasing outstanding debt.


    Shares already had dropped 5.4% in regular trading after ABX issued Q3 earnings and announcing the suspension of construction at the Pascua-Lama project.


    This was bound to happen, but is it going to become an epidemic? Will we have some casualties? I was waiting to see how long the miners could hold out. The dam might have burst !


    Then again, less supply might eventually mean higher prices..Humm. This isn't easy to figure out..


    Thoughts !
    31 Oct 2013, 10:00 PM Reply Like
  • So is today a "good news is bad news" kind of day? With ISM up and strong. Plus two fed speakers talking about needing to taper sooner. Is Dec taper being pushed?


    Suddenly last few days, Small caps are well behind S&P500. Even going down while SP500 is going up.


    Any thoughts on what this means for the upcoming season?
    1 Nov 2013, 10:47 AM Reply Like
  • Author’s reply » My guess. All BS....Ben isn't going to start tapering on his watch !
    1 Nov 2013, 01:01 PM Reply Like
  • Author’s reply » POLITICS FOR THE WEEKEND..


    Does anyone really believe this could be happening? I sent JW a PM on this but not sure if he would see this tonite so I present it for any opinions..



    Could this happen?? Is it happening??
    1 Nov 2013, 07:44 PM Reply Like


    Kind of off-topic, but, just ran some health insurance numbers for our family, and thought I'd share....


    Our (health) insurance (through my wife's employer) went up 18.8% this year. On the bright side, total insurance costs (health, dental, various life, etc.) only increased 11.47%.


    The old cost for health insurance was $540/month (that is not including employer portion). The new cost is $642/month.


    The plan we have now is BC/BS, and has a $2500 max out-of-pocket per family member. It's a PPO.


    From what I can decipher from the site, a comparable Obamacare plan for our family would either be $985/month or $1054/month (they are slim on plan details, and I could not differentiate between the two). The only thing I could tell for sure is that the Obamacare plan was "80/20". They did not list deductibles.


    To put that somewhat in perspective, our monthly mortgage payment on our primary residence (which includes principal, interest, property tax, and homeowner's insurance) is $1072/month.


    We do not qualify for a subsidy (food stamps, either - I checked).


    WTF is wrong with this country? I almost want me and my wife to stop working so we can go on the Obamadole.


    More on-topic, I'm looking at (ADM) and (MON) now, and will be tracking them for a potential future purchase.


    k, thx. That has been my venting for this week. I appreciate the time you took to read it. ;)
    1 Nov 2013, 11:16 PM Reply Like
  • Author’s reply » THEN JW RESPONDED...


    You got a basic estimate from estimated income and zip code, without going through an actual application, right?


    If you did a real application, you would be way more angry. I think you are right that a marketplace plan would be about 2x what you have been paying. That's about what I've been hearing.


    It's going to backfire with people loosing their insurance and not being able to afford the "Affordable Marketplace" insurance that will cost twice as much.
    1 Nov 2013, 11:17 PM Reply Like
  • Author’s reply » THEN I ADDED...




    Here is a link that I posted for USER that was scary. But , of course, most just don't believe it. O CARE is possibly going to rip this country apart. As more try to sign up for what was told was "less money" they will go berserk. Just like you have.


    How they can say this with a straight face is amazing...People need insurance so they will be forced to give up other items that will eventually hurt corp. bottom lines.


    I have been yelling this from the roof !

    1 Nov 2013, 11:17 PM Reply Like
  • Author’s reply » JBT RESPONDED..




    Yes, that was just by state / county. It makes me nervous, because from what my wife said, their HR seems to think ongoing company-provided HI is potentially on the chopping block. Will they raise her pay in response to not providing insurance? I highly doubt it.


    Personally I believe they need to cap the costs, and stop worrying about the insurance. I have referenced my son's $95k 6-day hospital stay on SA many times. It was ludicrous.
    1 Nov 2013, 11:18 PM Reply Like
  • Author’s reply » LOMAH ADDED....




    It's been interesting to read. I tried to go to the website out of curiosity. It required my SSN to set up an account, just to let me look. I didn't go any further. (Luckily I have insurance that's not effected.)
    1 Nov 2013, 11:19 PM Reply Like
  • JohnBin had added:


    " You can preview plans w/o entering any personal info. Just click the "See Plans Now" button. "


    My reply -- I thought I had.


    Checked again. I had. It took me to a site for my state. There I was required to enter SSN. Well I think so. The website is "currently down due to scheduled maintenance."
    2 Nov 2013, 12:08 AM Reply Like
  • Author’s reply » I ADDED...




    Think about ALL the people who do not have insurance, or are having their plan canceled. Then you have the POTUS standing up and saying the old plans were useless. The new ones are much better.


    What is his agenda ??


    I POSTED THIS IN THE CHAPTER SECTION. Doesn't seem too far fetched does it ?




    Does anyone really believe this could be happening? I sent JW a PM on this but not sure if he would see this tonite so I present it for any opinions..



    Could this happen?? Is it happening??"
    1 Nov 2013, 11:19 PM Reply Like
  • I had already read posts and articles alleging that BO is purging the military of undesirable "patriotic" types who may not obey any order without question.


    This article above raises the most pointed questions about it. Don't expect to see this coming through any conventional news service and showing up on MSN or CNN. The Examiner is independent and counter to the main stream sources.


    I would recommend the article cited by IT to be read just for general awareness. Why would BO want to purge the military? Here it is again.


    He has about two years left.


    Obamacare is train-wrecking somehow before the train even began to move. How does a train wreck when it has not even left the station yet?


    States and voters and anyone that is forced to buy health insurance will reject the federal healthcare mandate.


    Will Obamacare rollout disaster cause widespread dissappoval and rejection of the "leadership?"


    Will the Texas succession movement (or others) pick up steam?


    Obama would treat any threatened succession attempt as an insurrection. Would he cast himself as an Abraham Lincoln with a mission to preserve the "Union?" - really, replace "union" with "Federal Government. It's about preservation of Federal power. "Union" is just a word that sounds good.


    Other articles even suggest Vladimir Putin may offer to equip the Texas succession movement.


    Things to keep an eye on. This is not status quo.
    2 Nov 2013, 01:08 AM Reply Like
  • This is just one of many significant misconceptions on Obamacare, from many on the right, many in the middle, and even several on the left.


    Obamacare is not a train-wreck in terms of its roll-out. The current version of this plan that is being introduced in the US in a very well thought out and well-timed and well orchestrated roll-out. Fair to say that the Administration is hitting pretty much on all cylinders on this implementation.


    Ted Cruz/Vladimir Putin would make for very interesting bed fellows in the new Confederate Texas.
    2 Nov 2013, 12:13 PM Reply Like
  • Ordinary Average Guy


    Many would react with a knee-jerk, "what the h#ll is he saying," take on your comment, but I recognize you as a true master of facetious satire.


    I agree with your explanation on the Obamacare roll-out as it is inconceivable that the administration could be that inept and incompetent on the implementation of the roll-out. Could they really be THAT stupid? It must be intentional.


    The question is, "what is their motive?"


    --thumbs up
    2 Nov 2013, 01:39 PM Reply Like
  • @JW


    Why so inconceivable? We've witnessed the well paid, well respected, with plenty of resources take down industry leader Blackberry on simple mess ups, such as delayed rollouts of products. And JC Penney reduced to a ghost, by incredibly dumb decision making (not the same as messing up, but still, truly incompetent leadership that was sure of itself.) Heck, Microsoft's released new operating system versions, that's left them apologizing with egg on their face (Vista, cough, cough). And they choose their release date.


    I've personally been working for & witnessed this type of mess up from well respected, in industry. What's more, they weren't fired, or blamed, and lived to try, try, try again. Much to our (their worker-ants') chagrin. I've watched long held contracts by the company that invented the software, after years of success, lose follow up contracts because of incompetence. Stunning incompetence that was from my close ring side view, most certainly not intentional.


    The software & setup gaffs are one thing. The bothersome pieces are 2700 pages at the debut of a program & complexity, the increased costs of coverage for some people, and all the loopholes & special deals for special incomes.... instead of a straight competitive market with a few constraints to keep the field level & coverage more available for everyone... that's likely to cause the problems now & in years to come.
    2 Nov 2013, 02:37 PM Reply Like
  • The ultimate goal on this is to create a single-payer Health Insurance System controlled exclusively by the government. The planned "mis-steps" in the roll-out of obamacare allows this administration to create a lot of diversions to the public to intentionally focus attention away from what is ACTUALLY happening.


    Sheeple get caught up in the theatre of the moment such as the failed website roll-out. The vast majority believe that this website fiasco shows incompetence on the administration and their designates. In truth, this website is working EXACTLY how the administration planned it to work on 10/1. This event was all planned for back in 2010 and it is working for them just how they intended.


    Can anyone imagine if the website was up and running on 10/1, allowing people to sign-up for insurance through these exchanges via the website? There may have been riots in the streets right then and there.


    Coming in to 2014, the next chapter will be to blame the private insurance companies for ripping off and canceling policies of their customers. There will probably be televised senate hearings with private insurance officials getting grilled over this by some prominent democrat integrators. The left and a number of independents will oppose the insurance companies and the overall sentiment will allow for the next phase into government run single-payer health insurance. It's all a process.
    2 Nov 2013, 03:57 PM Reply Like
  • Lomah


    I admit there must be a lot of incompetence at the administrative level, i.e. HHS and CMS gov't admin levels and how they were allowed to (mis)manage the project when that is not their area of expertise and were not allowed sufficient time.


    I think we are having some fun at their expense. Ha, ha, ha.


    However above them, those who mandated this whole thing, (2700 pages) what were they thinking? Nancy Pelosi still hasn't read it yet. BHO - What is his ultimate goal?


    Obamacare is making jobs disappear, people are losing their existing health policies and the new one are too expensive to buy. AvOrdGuy doesn't think BHO is that stupid.


    But you are right also about how dumb corporations can be - your MSFT example is a good one.
    2 Nov 2013, 04:07 PM Reply Like
  • There isn't any motivation to set-up a well run website to run obamacare and connect people to private insurance policies through all of these exchanges by the federal government.


    Just as there was no motivation for the 9/11 pilots to learn how to do take-off and landings as pilots in an airplane.


    If the 2014 elections go a certain way, single-payer government run health insurance will become the law of the land in 2015-16, either by a passed/signed bill, or by some executive order.
    2 Nov 2013, 04:21 PM Reply Like
  • OAG


    So BHO wants a single-payer system like Medicare, where we fund it through taxes and rely on it to pay for our health services, like senior people get through Medicare?


    That would be his legacy, like Social Security was for FDR.
    At least he thinks it would be a legacy.


    Well, with the extra "Essential Health Benefits" mandated by ACA, the policies that don't comply are being cancelled, then "improved," and then jacked up in price so people can't afford them. People are screaming about it.


    That part is coming true now AOG. Jay Carney (as in carnival worker), BHO's professional deceptionist, is already blaming the insurance companies like you said.


    Yeah, I can see it. Thanks for explaining AOG.


    Does anyone think there will be a lot of Democrats thrown out in 2014 due to Obamacare?
    2 Nov 2013, 06:48 PM Reply Like
  • JW and OAG,


    I'm getting screwed this coming year on premium increases. I believe JBinTN is getting screwed. I'm sure that many others are getting screwed or are about to find out they are.


    I do believe I heard Neil Boortz on Hannity's show on the way home from work this week laying out OAG's argument.


    My question is how blaming the insurance companies will help the Dems come election time next year? Can they keep the momentum going for that long? This has been a month now and the website is broken and a fair number of people are realizing their premiums are going waaaay up. Over the next year, I believe lots and lots of people are going to be irate over this.


    I do not underestimate the Reps ability to fumble when thrown the ball, but how would this help the Dems leading up to election time?


    Hell, a single-payer system was what was initially promised, then insurance company lobbyists basically got to write the ACA. I don't understand the motivations of the admin - Michael Moore and co. was brought out at the time with propadocumentaries about how great socialized medicine was.
    2 Nov 2013, 08:26 PM Reply Like
  • 7415181
    "My question is how blaming the insurance companies will help the Dems come election time next year?"


    The "right" and even a number of center & left population will be upset that obamacare has increased the price that will be required to pay out-of-pocket, for those not eligible for the medicaid subsidy.


    The goal now will be for the administration and media to demonize the private insurance companies so that the consensus of the sheeple will blame BOTH sides for this mess. If this effort is successful, there will be a minimal net loss in future head-counts in the house/senate, for the dems, and it is quite possible that Hillary can win the presidential election in 2016.


    Once single-payer is implemented and in place, it will be extremely difficult longer term for the conservatives to get elected to senate or house, since their objective would be to reverse this program. By that time enough sheeple will be receiving the subsidy and this block of sheeple will not vote for conservatives that are attempting to remove these subsidies.


    But could the left achieve that kind of dominance and control in the Federal government? Answer: YES! All you have to do is to look at the largest population cities across the US. Which party controls these cities today? If you look at these cities in pre-depression era 1930-40's, you will notice a mixture of both parties in control. Currently, you may find an occasional Republican that will win an election or two in these larger cities, but there are zero examples of a sustained conservative uprising in any of these major cities that has made any sustained reversal of liberal or socialized policies that were implemented during the early-mid 20th century across ALL of these major cities.
    3 Nov 2013, 10:22 AM Reply Like
  • JW,


    Your question:


    The question is, "what is their motive?"


    One fundamental area of great significance that the conservative right does not effectively explain or exploit about socialism is this.


    A majority of sheeple except the premise that government run socialism is simply taking a dollar from the "well off" over producers, or fortunate people, and handing it to the underprivileged, down on their luck people. Using this flawed premise, sheeple are split pretty evenly as to whether they feel this is fair or not fair. The talking heads on the right do not make it a point to establish the real truth about what government-socialism really is and what is the motive for implementing this form of government.


    What is really occurring in government-socialism is that a dollar is taken from the overproducers initially, and then eventually down to the middle and even upper lower class. From that "stolen" dollar, a small portion is given out to the lower class. This amount can be $.25 on the dollar, more or less. The larger portion of this dollar collected is distributed amongst the ruling elite to those that currently and eventually much more financially better off than the people that this money is being taxed or stolen from.


    The sad part from this example is that there is no wide spread discussion or spotlight on the $.75 of the dollar as to where it is going and what is the justification of where this money is going. It is much better to demonize the rich and pity the poor, and never-mind the middleman (social-gov't). Point is, the government is taking the majority of the stolen money, via taxes, and distributing this amongst themselves and to people or groups that are not in financial disparity, but that will support and grow this power base.


    It would be nice if this was understood by the vast majority of sheeple, but there is not a voice making this point. There should be several from the right, using talk-radio, a medium that they currently control, making this point, over and over, until sheeple in great numbers understand this.


    Circling back to the original question, the motive from the left is to control this large segment of the economy because of the enormous power and profitability this can bring to them.
    3 Nov 2013, 10:52 AM Reply Like
  • Author’s reply » JW, AOG, USER...and others !


    Read this article and would appreciate comments on it. LA Times article to boot!

    3 Nov 2013, 12:35 PM Reply Like
  • One anecdotal story about a woman who had crappy insurance and cheap premiums. I had crappy insurance with cheap premiums, but did cover hospitalization. Options available to me next year - not cheap and not as good. So my anecdotal story cancels out the one used. But hey, the article says I may be better off come January by paying double the premium for double the deductible but I just don't know it.


    Article excuses the disaster of by pointing out states that put up their own websites that apparently work. Perhaps the Fed website could just be replaced by the one Kentucky is using?


    "Many people are fretting that the website woes will discourage younger, healthier Americans from signing up for insurance, leaving the insured pool overstocked with older, sicker and therefore costlier customers."


    Well, color me surprised.


    "That may be so -- we won't know until more facts are in, possibly months from now -- but fears of a "death spiral" in premiums are overwrought."


    Really? Based on facts or just stating an opinion? I will ask a rhetorical question, something that I'm sure I've asked before, and having nothing to do with premiums whether they're subsidized or not:


    How many poor people have the cash saved up for a $6500 deductible?


    edit - I'm actually going to adjust my comment. I know little about what poorer folks will pay or how the subsidies work.


    How many middle-class younger folks have $6500 saved up for that deductible and how will they afford the 40% afterwards?


    2nd edit - this reminded me that I haven't been on in over a week. I logged in and the good news is that trying to view my eligibility results no longer automatically logs me out. The bad news is that it just puts me to a big white page of death.
    3 Nov 2013, 02:59 PM Reply Like
  • IT


    The article is total bull crap. It is a leftist apologetic for Obamacare and a sleazy attempt to shield him and the ACA from culpability from the waves of insurers who are cancelling policies and forcing "consumers" into the Marketplace.


    I'm not going to read the bill to see what it says about insurers cancelling policies because they don't provide the "Essential Health Benefits", but I believe Bloomberg that says:


    "The cancellations come as a result of the 2010 Patient Protection and Affordable Care Act, which says that health insurance policies that fail to offer added benefits, such as prescription drug coverage and free preventive care, can’t be sold after this year even if they’re cheaper"


    Health Policies Canceled in Latest Hurdle for Obamacare. Oct 30
    3 Nov 2013, 03:57 PM Reply Like
  • I predict the term "Marketplace" will take on the connotation of being screwed over; really ripped off:


    Example: "He really got taken to the 'marketplace' "


    --it will replace, "got taken to the cleaners"
    3 Nov 2013, 04:01 PM Reply Like
  • User,


    From a "Joe Six-Pack" real-life experience, the $2,500/person deductible we have with our current insurance was triggered when my son was taken hostage (er, I mean, "hospitalized") last year, and it happened rather quickly (probably within 15 minutes of his admission).


    That was enough to put us in a bit of a financial pinch for a few months. We had to deal with two hospitals. The children's hospital (LeBonheur) let us pay it off @ $100/month. Methodist hospital (where he spent a half-hour in the ER) was a bit more insistent on receiving timely payment. They 'allowed' us to pay the entire bill in two installments.


    Shake-down artists, all of them.


    P.S. He was finally allowed out of captivity (er, I mean the hospital) when the insurance company would not approve any further days. A frickin' miracle.
    3 Nov 2013, 04:28 PM Reply Like
  • JBT,


    Yes, funny how that works. In my currently despised profession, there is what is called a treatment team. This will involve a therapist, the MD, the day-shift charge nurse, and perhaps a pharmacist. And maybe an administration representitive depending on the patient and if there are any liability overtones. One thing these meetings always have is a "case-manager". This is usually an elderly RN who doesn't interact with patients, but whose job is to interact with the insurance companies or the state to see what drugs and treatments are covered.


    The few times I've been unlucky enough to be cast in the charge-nurse position, I've made a few observations.


    The treatment team model is pretty good relative to a main-stream hospital. Everybody gets a say.


    The bad part - the MD will Always ask the "case-manager":


    "How many days are there?"


    And thus, you will find out how long a particular patient will be in the hospital (most of the time - sometimes the MD will be very worried about whether the patient will indeed kill themselves after discharge so the hospital foots the bill for free - our budget tends to be in the red from what I understand).


    Keep in mind that this is mental health, and not a med-surg floor. I have no ideas how those work. I imagine something similar, but just without people who have actually interacted with the patient.


    edit - My previous facility had a treatment team, but omitted the charge nurse. This would be the nurse-manager who the floor staff might see twice a week. And the therapist may or may not have ever interacted with the patient. So basically, it came down to what could be paid for and by for whom. And the MD. I have to keep reminding myself of why I quit the previous job and am in the one I'm in now.


    : )
    3 Nov 2013, 05:06 PM Reply Like
  • Author’s reply » JW


    Felt the same way about the article.. Just wanted to see other opinions..
    3 Nov 2013, 05:17 PM Reply Like
  • Don't get me wrong - I don't despise Dr.'s / Nurses (the players). I despise the "system" (the game).


    He needed treatment (it was a severe asthma attack), and I believe he received sufficient treatment in the first day. He should have been let go at that point.


    Their stated goal was not to release him until he (an asthmatic, in fall of the year) could maintain a 99 blood/o2 for 6 hours straight. 98 would not cut it.


    He laid there for 6 days getting a constant albuterol mask (and they puzzled over liquid in the lungs?).


    Never did maintain that 99 blood/o2 level for 6 hours, but he was "good enough" when the easy money had been exhausted.


    I was very close to bringing a lawsuit.
    3 Nov 2013, 05:38 PM Reply Like
  • Author’s reply » Folks


    Stuff you just can't make up ! Any wonder why some people get elected.


    Ever hear the saying "you don't have a heart(beat)" !!!

    6 Nov 2013, 08:53 PM Reply Like
  • Well at least they won't be proposing any new legislation.
    7 Nov 2013, 12:28 PM Reply Like
  • Author’s reply » JW CHIMED IN....


    I just noticed this is the "Portfolio" page. What happened to posting on Chapter 37?


    1 Nov 2013, 11:20 PM Reply Like
  • Author’s reply » This has to make you think that MAYBE the web site wasn't suppose to work until AFTER the mid term election? If more people knew this I wonder what lever would get pulled??
    1 Nov 2013, 11:31 PM Reply Like
  • Like JBT's experience of getting an estimate, even if you did succeed in finishing an application on, when you saw your "eligibility" and what the policies were going to cost (seems like about 2x what you paid before), you wouldn't enroll because you wouldn't be able afford it.
    2 Nov 2013, 09:40 AM Reply Like
  • Author’s reply » Then what's the end game on O care?


    Are we stuck with it or will it somehow get rejected? I see no out on this one!!
    3 Nov 2013, 12:58 AM Reply Like
  • Obamacare is like an airplane on takeoff, trying to get sufficient airspeed to lift off. If an airplane doesn't achieve this speed before it has used up about 2/3 of the runway the pilot has hit the TDP or Take-off decision point. At this point the pilot must now for sure he can take off or else he must abort. Take-off or abort. Or crash.


    They have said they will need 7 million enrollees to make it work. And they need them soon. They got 6 on the first day. Maybe they have 1/10 of one percent if they are lucky at this point. The site has been non-functioning for the first month. It is already too late to make it work for the first deadline of December 15 - the date to be enrolled and pay your first premium to have coverage by Jan 1, 2014.


    There will be a giant tsunami wave of paper applications that will be submitted when people abandon trying to do it online. These will need to be manually in-putted into the central application enrollment database. If things were working right a paper application might take 8 weeks. People will expect it to take 4 weeks.


    They will call in to the phone number to check on the status of their paper application and since it is handled by a separate contractor all the consumers will be able to find out is that it is "in process."


    There will be panic around Thanksgiving time.
    Forget the 2014 elections. This will be a crisis by the end of the month.
    3 Nov 2013, 09:05 AM Reply Like
  • As you have probably heard during this past week, back in 2010, the ADMINISTRATION is on record forecasting that once the now delayed employer penalty is put in place that 93-million people currently on employer plans will be forced off of those plans. I would presume that initial number will grow in the second year and beyond. A vast number of these people will not be able to afford health insurance through the exchanges because the "evil" private insurance companies have hiked their rates too high in order to conform to the minimum coverage's required by obamacare.


    When this happens, President Obama will either get single-payer health care passed through a democrat run congress, or if the elections do not result in Reid/Pelosi running congress in 2015, then I would presume that by executive order, single-payer will be implemented probably sometime in 2015.


    Unless the 2016 elections result in a President, Senate leader, and House of Representative leader (all-3 will be needed) that resemble a Ted Cruz or conservative, expect to see a permanent single-payer health care system in place by 2015-16. Without conservatives running all 3-branches, don't expect this system to ever return to a privately run system.


    Case in point, Social Security was passed in the 30's during FDR's empire. The US has not had the necessary control needed in both legislative branches, and executive branch by conservatives, since before the great depression. That is why this program exists today. There are plenty more examples, but SS is just one big cancer that comes to mind.
    3 Nov 2013, 09:19 AM Reply Like
  • Author’s reply » COINCIDENCE?


    Did any one else find it strange that the Saturday PRIOR to our Nov election they decided to take down the site and do over 12 hours of repairs on it?


    Now call me crazy but I think that this is the day when men would have a few hours to spend on line trying to figure out their insurance needs. But the system is down, right before Tuesday's election?


    Make no mistake ANY election is important and the more they can disrupt and control the chatter about the site the longer it will take for the citizens to find out the truth.


    When i was driving to visit family yesterday I said to my wife does that make sense ? Going off line today? She just shook her head.


    BTW. Welcome OAG !! Your thoughts have some thinking here. Some won't respond but they got the message..
    3 Nov 2013, 10:17 AM Reply Like
  • My .02 on the current state of the market..



    More of the improving fundamentals from China - positive change for continued global growth .
    3 Nov 2013, 08:31 AM Reply Like
  • Author’s reply » OAG


    Keep in mind we have started A PORFLIO CHALLANGE where you are given 100k in fiat money and all you have to do is post your trades in the portfolio chapter. We have 2 guys gracious enough to have a constant spreadsheet going and once you join in you are provided the link.


    So consider it, we have having fun with it ..


    JW, USER, FEAR, LOMAH, and myself are a few of the 17 participants. Rules are easy and just look down portfolio chapter 8 or 9 to get a flavor on how we trade, and explanations why we are investing the way we do.. ALL are welcomed..
    3 Nov 2013, 11:24 AM Reply Like
  • Cousin IT, Thanks for the invite. Give me a little time to look into this as I am totally flat-footed at the moment on all this, but would be interested in getting in the game. Need a little prep-work and a plan.


    4 Nov 2013, 06:33 PM Reply Like
  • Author’s reply » OAG


    Basically you have 100k to invest in anything. I am lucky to have 2 guys who do the spreadsheet. Then you can trade at you own discretion. I just have to set a few rules to be fair to all.. They are explained on the portfolio blog.


    Once you list out what you want to buy ( please bracket symbols so all can see ) and a dollar amount you are good to go.


    Only allowed 10 different symbols and when you enter you are given the link that shows you the standings, and all the different portfolios.


    I started this for people to try different investing methods and I think many of us have learned something about our strategies.
    As you can see in the portfolio chapter people just list their trade and it is taken care of for you!


    It goes to next July and I ask to explain your reasoning for what you buy, why you sell it, and any other thoughts for the lurkers and players.


    It is fun, and you watch people move around in the standings. Right now we have 17 players.. Join us !!
    4 Nov 2013, 09:29 PM Reply Like
  • Pardon this off-topic post, but please allow me some proud daddy time. :)


    My son's a freshman at Munford High School here in SW Tennessee, and plays trumpet in the marching band. Last night they competed in and won the 2013 Band Masters competition. Highest class (4a), took first and many other awards. It was an awesome show (by all the participating bands).


    Here's the link to their 2013 Band Masters production of "Caesar". Awesome to think that those are just "kids"...

    3 Nov 2013, 04:35 PM Reply Like
  • Author’s reply » JBT


    Congrads to a proud family !!
    3 Nov 2013, 04:50 PM Reply Like
  • Author’s reply » OK..BACK TO INVESTMENTS.


    We have read some horror stories above, some good background on O CARE..


    Now how will this have an impact at some point on the markets???


    Do people panic before a recession. if one happens???


    Will the FED EXPAND QE'S because of this?


    Or will O CARE have any inpact?


    3 Nov 2013, 05:26 PM Reply Like
  • I'm more confident in my investment in (OHI)... A lot of stuff in health care should be looked at for possibilities.


    I wonder if it may be a reason to look at firms like HR Block for investment possibilities...


    Maybe real estate investment in places like Costa Rica, or Belize?


    I think the ramifications of this atrocity are just beginning to show...
    3 Nov 2013, 07:25 PM Reply Like
  • JBT


    Two things: Belize and (OHI). First Belize.


    I have been to Belize twice in three years and I think I'm going back this summer. I believe I am thinking along the same lines as you are.


    I am starting to investigate banks (as in international, aka "offshore") to open an account before the regime imposes currency/capital controls. I believe they will be closing the doors to moving money out of the BHO's fiefdom in the future.


    As I have said, they cannot use your money to "bail in" the government if you have "bailed out".
    At the minimum, have a partial presence outside the US.


    Belize is considered somewhat of a third world country, but it will be vastly better than the third world country the US could turn into following the Detroit pattern.


    If Hilary gets elected, I'm gone.


    I am thinking about what kind of business I could start in on the CA (Cent Am) countries. I also have an interest in Guatemala (coffee, and freedom). Guatemala is the next country west of Belize. It would be cool to be able to move/travel between Belize and Guat.


    I am interested in some aspect of coffee production and sales: from growing it to serving it. BSF, I notice invests in coffee companies: Starbucks and Green Mountain.


    Costa Rica, as you mentioned, and Nicaragua are two others to consider.


    And remember, Ecuador (S. Am) is the country that granted asylum to Julian Asange in their London embassy.


    The US wanted to build a naval port in Ecuador. They said Okay, if we can build an Ecuadorian military base in the US. The US withdrew their request.


    I may be returning to my roots. My great, great grandfather was Jamaica John Wilson, the Banana King, the first to bring bananas to the US mainland from Central America.



    The warning signs are flashing. Just consider the discussion above about Obamacare.


    (OHI) As you may have noticed, I have a heavy REIT exposure. I am currently looking at (UHT) which is another healthcare REIT and has sold off a lot more than OHI. I am considering these healthcare REITs for a good trending investment based on population demographics. I haven't drilled down into any research on them yet. You have any opinions on them?


    If anyone would like to have a continuing information sharing forum on off-shore diversification I would be interested. I would be glad to help organize and admin it, but I realize that not everyone would be interested, so I'm thinking a specialized forum, not general topic. Anyone interested?


    Here is a comment I had in a response to another commenter in one of Emmet Kodesh's articles. The comment is about protecting your assets offshore our out of your home country.


    Get your money out of the country before the country gets your money out of you. - Doug Casey
    3 Nov 2013, 09:42 PM Reply Like
  • I hear good things about the Latin American (the ones friendly to US money) countries. If I still lived up north (WI/IL), I would probably be considering exit plans at some point in the future. I consider TN a "safe state", though. There's still a lot of true "government of/for/by the people" here.


    I was serious about the RE investment. Same with anything remotely connected to government in the heathcare sector. Financial management will be another hotspot.


    Banks and hospitals. That's the US.
    3 Nov 2013, 10:37 PM Reply Like
  • Author’s reply » JW


    Always open to learning more. "If you build it they will come"


    I will certainly drop in for some comments and ideas..
    4 Nov 2013, 11:59 AM Reply Like
  • IT
    I believe panic is coming due to the healthcare meltdown - people losing policies and not being to afford to replace them. I don't see how Obama can escape blame.


    Some panic and a lot of confusion will result starting the end of this month. Since healthcare is a big part of the economy it is significant.


    OAG could be right, about the "single -payer system" but I don't see how it could be passed as a bill. Will people blame the insurance companies and not BHO/Pelosi/Ried? Executive order? Not sure if he could pull that off either. He would remove all doubt about being a dictator in doing that.


    Expect great confusion to befall the healthcare consumers, and huge embarrassment on the part of the Executive branch at the end of the month. It could be unsettling to the markets.
    3 Nov 2013, 10:28 PM Reply Like
  • Bon voyage & good luck chuck.
    3 Nov 2013, 11:19 PM Reply Like
  • More seriously, if you think gov't is bad here, wait until you get to SA.


    Do you speak Spanish? Maybe you will learn it.


    As long as you have money, you will get better healthcare than the locals.


    Not sure if I would trust the banks in SA, the laws (and how whoever is in charge applies them) and watch out for scam artists. They will be after you & your US dollars.


    As long as you stick around other ex-pats, you might be okay.


    Lots of poverty, lots of criminals, lots of robberies. One thing they like to do is kidnap people & hold them for ransom. Especialmente los americanos.
    3 Nov 2013, 11:24 PM Reply Like
  • Stay calm and don't bother calling 911. Did you know the ambulance that comes to your house is another scam? Your current healthcare doesn't cover it.


    Maybe AAA will start offering that service in the future, along with fixing your flat tire. ; )
    3 Nov 2013, 11:28 PM Reply Like
  • Author’s reply » BSF


    From what little research I have done SA does seem more dangerous to move to. You really need to know where, not where they tell you is safe. You actually need someone you trust to advise you.


    Living with a loaded gun under my bed isn't the way I want to live. Oh forgot, I do that now !


    Having family here I am sure I will just take my chances.. I think you call this "bugging in" ?
    4 Nov 2013, 12:17 PM Reply Like
  • JW, It could pass as either a bill or possibly some executive order because when this is addressed in either instance, there will be kaos with private health care insurance. Private companies will simply be destroyed by OC. Premiums will be forced too high, and insurance enrollment will plummet. Insurance companies will go bust. Sheeple will not be able to obtain Health Care Insurance.


    Incoming, on the white horse will be the government ready to offer a single-payer plan by necessity for what they created via OC. It will be a public emergency and of course, the only alternative to "fix" the crisis.


    I do hope I'm wrong, but it sure is shaping up to evolve in this manner. Fairly quickly at that too.
    4 Nov 2013, 06:45 PM Reply Like
  • OAG
    I agree it is coming on soon. May take two or three quarters for insurance companies to bleed out.
    5 Nov 2013, 12:05 AM Reply Like
  • I'm sure we'll (us pleebs) get the same platinum-bound policies that our dear leaders get, should that come to pass.


    All hail our political class! We bleed our blood for you!
    5 Nov 2013, 12:14 AM Reply Like
  • John W. You have hit on a thought that has been floating around in my small brain for a couple weeks. If Obamacare is all about shifting an industry to government then my suspicion is the objective is not really to insure everyone or provide healthcare to everyone, but to make all the people who work in the healthcare industry, whether as providers, insurers, shift them from private employment to government employment.
    5 Nov 2013, 09:38 AM Reply Like
  • W,


    If that happened I might have superior benefits and pay compared to what I've got now. :)
    5 Nov 2013, 09:42 AM Reply Like
  • User - great. Then multiply that additional cost by what...several million and you can see everything will be good.
    5 Nov 2013, 09:55 AM Reply Like
  • Hey, all I'm saying is that I know people who work for the VA doing the same type of work I do make about 20% more in salary nevermind the govt benefits. If my costs of having insurance are going to go up anyway, why would I not want to work for the govt if they're going to pay more?


    I think this country's already hit critical mass of the population wanting more government (which I very much don't agree with) and costs are going to be jumping up all across the board.


    Kind of sucks for the country in the long run, but it's pretty apparent that this is what the country wants as they keep voting this way.
    5 Nov 2013, 10:35 AM Reply Like


    Government run healthcare has its roots as early as the 1930's, arguably possibly before that. The process of enacting single-payer government run health care in this country started in the 40's when FDR pushed workers into company provided health care as an employer paid benefit to their workers. Back then during WWII, employers were given government imposed wage freezes in that an employer was temporarily limited in the top wage it could offer to employees. Employers, however, could offer company paid benefits (health care, life insurance, long vacations, pensions, etc.) to employees to secure quality employees, and attract other talent. That is where employer offered group health plans started to make the scene. It was also a huge fundamental move in the wrong direction taking the consumer out of the health care insurance buying equation.


    It was this early 40's event that started the population to start getting health care insurance as prior to that there was very minimal participation in health care insurance in the US. From there, the health care industry grew like a weed and also quantum leaps forward in medicine and technology. Unlimited legal expenses and liabilities in the industry represent a huge cost that has grown out of control since the 40's. The legal community continues to grossly profit here and add a significant cost to this industry.


    A government "of the people" using the US Constitution as is guidance would have never pushed its people into these group employer plans and also would have put significant limitations on the amount of money that the legal community imposes through excessive lawsuits and other costly legal action. There is a whole costly industry of lawyers and attorneys that make a nice living and add significant and pure cost to medicine. If this were to have been ever phased out the cost adjustment would have been very significant.


    US citizens should buy their health care insurance directly through an unlimited number of insurance providers in a competitive free market environment. Providers should also be able to service all areas of the country if they choose to, just as the private sector should be able to purchase insurance from whatever insurance company they choose regardless of where the insurance company is located.


    Important takeaway here is that obamacare did not originate with BHO, Reid, and/or Pelosi. Those three groups are just the assigned contractors through the voting process that are carrying out the master plan that was drawn up by a larger force or lobby group(s) and handed to these (3) to get passed into law. They didn't write the bill. They didn't read the bill. Their role is to simply do what ever it takes to pass the bill or make it all happen any way they can. This is the climax of a long-term goal to essentially control this country and forever tip the balance of power away from those that oppose the left agenda. Health care is the ultimate vehicle for them to achieve their goal.
    5 Nov 2013, 12:42 PM Reply Like
  • Author’s reply » What continued to confuse me is why the Supreme Court ruled O CARE a tax !! Now I am seeing the end game being a TAX taken out of everyone's paycheck.


    Not sure how we will get there, but my gut says that is where were heading..


    ANY THOUGHTS? Am I off base?
    5 Nov 2013, 01:41 PM Reply Like
  • IT,


    I think that you are spot on with that. Eventually I would expect that the health care insurance payment on the upcoming single-payer system will come out of payroll checks much like the current medicare, and social security tax has been and continues to be done. I would see this "tax" deduction also coming out of unemployment checks as well.


    This large volume of dollars will be dumped in to the general treasury fund and the actual payouts for medical coverage will be a smaller dollar amount then the government actually collect on this tax. It will be rationed, and "managed" disbursement of funds to medical providers. The Government will have sole discretion on who will receive what medical services. I would also guess that this program will pay out about 25-30% maximum of what it receives in this tax for total universal medical coverage for all citizens/non-citizens covered on this program. The larger balance will end up in the general fund and will apply to cover the uncontrolled costs to run the program and the balance of funds will be used to offset current/future budget deficits.


    You do not want to volunteer information to this program administrator that you are in anyway a member or support some tea-party like organization. This can and will impact your level of medical coverage under the plan.
    5 Nov 2013, 02:03 PM Reply Like
  • Author’s reply » What's a TEA PARTY?? :)
    5 Nov 2013, 02:11 PM Reply Like
  • Exactly¡ I have the same question¡ It doesn't sound like anything that would ever appeal to me¡
    5 Nov 2013, 02:26 PM Reply Like
  • Author’s reply » OAG


    Just got back from voting and not sure that other states are using this paper crap that NY is using. They have to tear out a ballot , which they screwed up 3x so they had to void THEM. Then put me in a dimly lit booth where I actually got out of and complained of the lighting.


    They had one of those book reading lights that was 1/4 the size of the regular readers and could never light up anything. So I kinda yelled and of course they just slid the curtain booths over a foot and wallah!! All the booths had light. OFF THE CEILING LIGHTS..


    But filling out this paper, then sliding it into a machine seems archaic if you ask me.. I think I voted for whom I intended to ...


    Ok, I vented..
    5 Nov 2013, 06:00 PM Reply Like
  • Got to love our fair 21st Century system of voting in the US.


    Could you imagine a professional sports league, say the NFL, where about half of the teams supported a system of rules and referee's and officials to enforce them equally for ALL teams? And then the other half of the teams in the league resisting having all of these rules because they would be unfair and discriminate to some of the teams for one reason or another?
    5 Nov 2013, 06:27 PM Reply Like
  • IT,


    Perhaps consider an appointment with an optometrist. ;)
    5 Nov 2013, 06:32 PM Reply Like
  • WMarkW
    I decided to do a two part instablog in this topic. Here is the first part.

    6 Nov 2013, 12:57 AM Reply Like
  • 1. The US is the most expensive country in the entire world for health care, prescriptions, dental care, hospital stays etc. This includes administrative costs.


    a. Have you ever been on a hospital floor and noticed how many people are working that floor, compared to the number of patients? How much one tylenol costs on your bill? How your million dollar hospital stay is negotiated down to something reasonable, because you have health care.....but you are still "shaken down" as JTN said. The current system feeds itself, maxing out every time you see a doctor into "you need more tests" etc.


    b. I won't bother telling you all the true stories I have heard from doctors, nurses and patients detailing how some people always find a way to milk the system to their advantage, at the expense of the rest of us.


    2. This has to change. Of course, the people who have been benefitting from our bloated health care system don't want it to change. They are enjoying their bloated salaries, corporate profits, etc.


    3. People who cannot afford to pay for their health care will be eligible for medicare. Check out this website that will take your income, where you live and number of people in your household to see if you qualify for subsidies.



    4. Everyone in gov't needs to go on a bare bones plan. Then pay for Cadillac healthcare, if they choose to. Starting at the top.


    5. Anyone who is over weight, alcoholic, does street drugs or smokes should pay more.


    6. Currently, Medicare does not cover things like heart surgery. My 88 year old mom tells me about stuff like that. No dental plan either.


    7. All you people looking for conspiracies should start calling your insurance company, applicable state agency or maybe even channel 7 eyewitness news to report anyone that is abusing the system. Fraud is rampant, all we can do to stop it is report it & fight it.


    8. Stop the lawsuits but bar any health care worker that is not competent from working in the field.


    9. There are so many ways we can cut costs. Perhaps people that come up with good ideas should be rewarded.
    3 Nov 2013, 11:14 PM Reply Like
  • BSF,
    You made some excellent points 1-9, and also illustrate well the disconnect between listing these items and then somehow choosing the candidate that will not act on addressing any of these issues. You are also spot on that Hillary will get the majority of the women's vote, probably 70-30, maybe 65-35. Unless the GOP does not run a Conservative at the top of their ticket, Hillary will indeed win.


    If Hillary runs, and wins in 2016, BHO will simply hand the baton over to her and she will continue to preserve what BHO accomplished and work on advancing the left agenda. That will be her marching orders and she will follow this script and make a lot more wealth along the way for executing the plan. Same program, just a different face and new set of downs (8-more years!)
    4 Nov 2013, 06:27 PM Reply Like
  • OAG, looks like it could happen to me. What we need is for everyone to pull together to solve problems. I'm all for reducing the national debt, reforming the tax code - mostly to attract corporations to come back to the US & create jobs. Change some of the rules for SS & medicaid.


    We will never solve all our problems. And that's okay. It's still great to live in the USA, at least IMO.
    4 Nov 2013, 10:18 PM Reply Like
  • Smokers already do pay more, at least with BC/BS. There is a $50.00/month tobacco user surcharge with our current policy. I am surprised they do not also ask about (and charge for) the other things you referenced (over-weight, drug user, alcoholic)... All just as easy to "prove" as smoking is, if there is a medical claim in regards to it.
    5 Nov 2013, 12:29 AM Reply Like
  • If you haven't figured it out yet, I can't wait to vote for Hillary.


    That's right boys, there are more women in this country that vote than you guys. So put that in your conspiracy pipe and smoke it!
    3 Nov 2013, 11:32 PM Reply Like
  • Hillary is Obama-lite. She's just a socialist of a different color (and sex).
    3 Nov 2013, 11:45 PM Reply Like
  • Just as many women will vote against Hillary because they don't buy her ideology and the story that she represents women.


    If you can't wait to vote for her, tell me that your voting for her because of her ideology, not because she's a woman. You wouldn't vote for Michelle Bachman because she's a woman would you?
    4 Nov 2013, 12:08 AM Reply Like
  • In a democracy, the candidate(s) that appeal to the most people win. Sorry boys, but enjoy South America. The beer is pretty good down there, right?
    4 Nov 2013, 12:29 AM Reply Like
  • You hit the nail on the head. The candidates that "appeal to the most." The reality of what they are voting for doesn't matter to the voters. Obama and Hillary may win on "appeal." What they do later in office is not relevant to the voters.


    The candidates that get the most votes may win like they did in Detroit, but Detroit didn't win. People also voted with their feet. The same principal is working on the national scale.
    4 Nov 2013, 07:20 AM Reply Like
  • Women will vote for her just because she's a woman. Democrats will vote for her just because she's a democrat. Politics as usual. Nobody looks out for the greater good of the country when voting.


    Blacks voted for Obama because they "perceived" him as black. He's as white as he is black. Because H. Clinton is a woman will most likely get her elected, but she has the same flawed ideals as her half-black predecessor.
    4 Nov 2013, 06:49 PM Reply Like
  • Author’s reply » Hillary?? I have no problem with a qualified person. But have my doubts after she went AWOL after Bengazi..


    It was a concussion correct? Then she got Amnesia..
    4 Nov 2013, 11:57 AM Reply Like
  • "Arkancides"
    4 Nov 2013, 10:37 PM Reply Like
  • Author’s reply » October stock fund inflows 3rd highest month ever


    Estimated at $54B, according to TrimTabs, stock fund and ETF inflows in October were the 3rd largest monthly total on record. Bond funds lost $26B during the same period, the worst month since 2000.


    Separate data from BlackRock shows a rush of money entering funds following a deal to end the government shutdown - $24.3B of the $32.9B of money entering ETFs worldwide during the month occurred after October 17.


    Total market ETFs: IYY, VTI, EXT, TOTS, EUSA, ITOT.


    Now the million dollar question. Is this smart money or dumb money? Are we nearing a top ? Here come the possible sheeple and I might be one of them...
    4 Nov 2013, 12:29 PM Reply Like
  • Agreed-- that stat may be troubling for the market in the short term..
    Couple of other things that hit may radar over weekend suggests picking new positions carefully and dont overextend ...


    I'm always cautious when we do hit new highs like we just did. there is room for another pullback here. A lot of small independent money managers have funds to put to work here but are all still waiting for 4-5% pullback ,,, so we'll see.. those managers should then dribble money in on any weakness and that is why i don't see any large correction before year end ..
    4 Nov 2013, 12:52 PM Reply Like
  • It's private money, but that's not dumb money. It takes a while from private entry to top, can be many months (if tapering is soon) to a couple years overall. It's not exuberance yet, and it's not everyone and his uncle yet.


    I'm personally waiting a few weeks to put more in -- because the talk of toppy is so universal right now, that a moderate correction would make sense. But with the Fed trying so hard to make sure the market never goes down, that may not happen. I'm down on what I put in 2 weeks ago, into SPY & IWM.
    4 Nov 2013, 12:44 PM Reply Like
  • Author’s reply » LOMAH


    Any reason why you aren't posting any of your trades in the challenge ? if IT IS PERSONAL I UNDERSTAND. But you have learned soo much some would like to see some of them..
    4 Nov 2013, 01:04 PM Reply Like
  • Author’s reply » FEAR


    Do you agree with LOMAH'S statement? I was unaware of this..


    "It's private money, but that's not dumb money. It takes a while from private entry to top, can be many months (if tapering is soon) to a couple years overall"


    Interesting ....
    4 Nov 2013, 01:14 PM Reply Like
  • I agree, its always difficult to know exactly where the money is coming from , but if you look at the example i gave with the small independent money managers , her theory does make sense..


    Also agree , there is no euphoria at all here.. I just spoke with someone that went thru 2008 , & when market climbed back to dow 12000 , he left the equity market and is sitting entirely in money markets , making no interest and has no intention to go into equities here, only one example but that mindset is pervasive
    4 Nov 2013, 02:31 PM Reply Like
  • Author’s reply » Ok, gold prices are going down yet the miners are going up.. Here we go again !!
    4 Nov 2013, 09:39 PM Reply Like
  • Cousin IT, (love it! thanks to OAG) gold is flatlining along with the market, while we wait for the Thursday jobs report.


    So if the number of jobs is low, what will happen to gold (short term - not long term)? It should go up.


    If the jobs number is good, or at least about what's expected then the price of gold should go down. Again, for the short term. Although if the taper begins & the economy heats up, I expect gold to continue to drift lower.


    >>>> I've been taking some money off the table lately. We will have some sort of small pullback, if the jobs report is not so good.


    >>>> expecting a huge Christmas this year. People in NJ are ready to celebrate something, after Sandy wrecked things last year.


    >>>>this is the market that just won't quit. Profit from it. (M) is showing some spunk.


    >>>>it's hard to play the gold trade with (DUST) and (NUGT) in the portfolio. To make money, you have to sometimes move in & out quickly.
    4 Nov 2013, 10:55 PM Reply Like
  • Author’s reply » BSF


    If I am Cousin IT...Then what do you call my alter ego brother of yours. Brother IT ?? HEHE


    Sad what happened in the Garden State Mall last night. Not sure if this is a sign of things to come. But once these kids get their hands on a weapon they have no respect for them.


    I have owned a gun since I was 12 years old. But with all these video games today this generation doesn't respect a gun. Yes, a gun is due respect and loving care.


    Not sure what society can do about this gun violence. He seems he only had one intention. Just kill himself. That is sad enough. TOO young to die ..
    5 Nov 2013, 06:02 PM Reply Like
  • @BSF


    Lots of good points there! I think the jobs report is Friday. Tomorrow is European's ECB report. Is there any news today - I'm not seeing anything.


    On individual stocks, Office Max & Office Depot just merged. Maybe be a good opportunity. They won't beat Staples for stability, but there's room for growth here...
    6 Nov 2013, 09:17 AM Reply Like
  • Author’s reply » "it's hard to play the gold trade with (DUST) and (NUGT) in the portfolio. To make money, you have to sometimes move in & out quickly."


    Or just guess !!
    5 Nov 2013, 01:43 PM Reply Like
  • Author’s reply » "Hatzius: Taper yes, but policy ease also coming


    The Fed may be about to taper in December or March, but Goldman's Jan Hatzius thinks Janet Yellen might cushion the blow by announcing a simultaneous easing - lowering the unemployment threshold for a rate hike to 6% from 6.5%.


    Hatzius has talked about this for awhile, but now feels strongly enough about the chance to raise it from just a possibility to his "base case." Of note are two studies from influential Fed economists arguing for a reduction in the 6.5% threshold (they're set to be presented this week at the IMF's annual research conference). "It's hard to overstate [their] importance," says Hatzius."


    I have already pointed out that we will get reasons why tapering would get delayed. I am also on record as saying the 6.5% UE number was a bogus number a while ago. THEY CANNOT TAPER ..


    Plus i really don't even see it happening at all in 2014 unless they disguise it somehow with another program...A stock market correction in an Election year? Not happening !!


    5 Nov 2013, 04:19 PM Reply Like
  • The labor participation rate, unemployment rate, wage allocation across income groups, disability rate, amount of population in retirement, etc. are just a few of the very relevant units of measure to determine the health of an economy.


    For the FED to continue to simply use the unemployment rate to benchmark the overall labor picture is intellectually dishonest and further evidence of the lack of integrity of the FED.


    It's hard for me to watch them cite this statistic as a measure of the US labor picture and for them to continue to use this to determine their monetary policy.
    5 Nov 2013, 05:52 PM Reply Like
  • IT,


    My thoughts at the moment, is that we will see tapering in '14 , but a little early to say exactly when .. Maybe have a better idea as we go into '14 , and how round two of the debt debate goes ..


    I do believe and have mentioned earlier , that the market will be higher in '14 than it is today.. & i really didn't use the 'election' factor in my assessment .. Right now i do see an earnings ramp that will take us to higher levels along with some other factors.. ...
    We'll see.. ;)
    5 Nov 2013, 04:38 PM Reply Like
  • In looking at QE & the stock market for 2014, one will grow or be higher, the other will shrink or be lower...
    5 Nov 2013, 04:48 PM Reply Like
  • Correction to last post on 2014 QE & Stock market. BOTH will be higher, or both will be lower...NOT what I wrote previously.
    5 Nov 2013, 04:53 PM Reply Like
  • Author’s reply » OAG


    How do you respond to those who say QE'S have nothing to do with the stock market going higher..??


    I am of the belief it does, some believe otherwise. I am open to opinions either way.
    5 Nov 2013, 05:49 PM Reply Like
  • I think there would be real concern if QE continued or grew without taper while the stock market was in steady or sharp decline at the same time.


    I do like Kirby R. Cundiff's piece that was recently pointed out to me. Kirby addresses massive money printing over the past 100-years by the FED, and its historic effects. This is a very good brief overall view of monetary policy.
    5 Nov 2013, 06:15 PM Reply Like
  • Author’s reply » OAG.


    Got 90 minutes to spare. Watch this ..It isn't an informercial. Just an overall view of our money and if gold and silver will be the best investment.


    But a few years ago I watched it and I learned what a Ponzi scheme we have!!


    Don't get thrown off by the title. Curious what you think!

    5 Nov 2013, 06:34 PM Reply Like
  • For anyone who is interested in high yield investments, I have an instablog. I used to like writing for fun, but hey, jobs and professions and school and such.


    Anywho. I try to pick out things that will give out a current market yield of 8%. I also try to be careful to pick things that will be able to continue to pay that yield. When interest rates rise, the minimum yield will be adjusted to reflect that.


    I don't try to pump a stock or fund that I currently own. I have extra cash once a month to put in the markets. I point out what I'm interested in buying several days in advance (even though some things I own might be a deal for a current buyer).


    So, for anyone interested:



    Comments, criticism, and hate are welcome!
    5 Nov 2013, 08:01 PM Reply Like
  • I can vouch for U7's instablog. Good info on CEFs and such. He's done a lot of exploration.
    5 Nov 2013, 08:41 PM Reply Like
  • I second Lomah's opinion.
    6 Nov 2013, 08:19 PM Reply Like
  • There was a lot of discussion above on Healthcare, ACA, Obamacare. I have written an instablog that will be in two installments - to give some treatment to the topic and not take up too much space on IT's blog. The first installment is on the question of "what health care actually is" What are we being sold?



    The second one will be on the political considerations such as those given above.
    6 Nov 2013, 12:55 AM Reply Like
  • Author’s reply » Folks


    I think this is great that others are also blogging about topics that interest them. I strongly suggest that we all stop by if the topic interest you.


    For those who have blogs could you PM me the link so that I can include them in the next chapters blog info ? I will be starting a new chapter this weekend and would like to include everyone's links in the body so that others can just click on them in the future.


    I know they are listed spread around in the chapters but if I get them in a PM it will be easier for me to just cut and paste when I find time..


    Hopefully this will bring more posters for everyone..


    Thanks !!


    6 Nov 2013, 08:29 PM Reply Like
  • Author’s reply » So I am expecting USER, JW, FEAR to write up a sentence or two and then add their link. Now if others have a blog please forward that to me.. Maybe explain what the blog is about.


    We have a conspiracy one, a reading one, a portfolio one, a chapter one, then your will be listed with hopefully a brief description that you approve of, not me..


    I will add those to the list of other links listed above in the blog...
    6 Nov 2013, 08:57 PM Reply Like
  • IT,


    link to my blog :

    7 Nov 2013, 08:50 AM Reply Like
  • IT, thank you for the offer. F&G's blog is well worth reading. JW's posts are interesting as well.


    One thing I've noticed is that sometime's an author's instablog is more interesting than the published articles - don't have to worry about the formatting and getting accepted. Problem is you have no way of knowing how many people actually read it...
    7 Nov 2013, 09:17 AM Reply Like
  • Author’s reply » USER


    I agree. When an Author writes an article you get more of a comment then a dialog. Someone blasting the Author is a waste of time. I went on FEARS and asked a question I was confused about. He responded with an answer. Imagine that !


    I see many articles without the author even responding. He wants to make his money and move on. My goal is to educate everyone for free. We won't all agree but I am changing my stance somewhat .. Well maybe not ,...hehe


    But I would be honored to have those willing to write a blog have their link posted here. Then one day maybe you can reverse it and list the links of the others on your blog..


    The goal is to get more readers and then more comments for all to learn about any topic..I think this is a good idea..
    7 Nov 2013, 02:43 PM Reply Like
  • I typically don't like to mix politics with my investing , however , here is my contribution to the Obamacare discussion..
    7 Nov 2013, 12:39 PM Reply Like
  • Author’s reply » FOLKS


    Thanks for the links and I will await a few adjustments for it. FEAR , would you like to add a sentence about your blog? This way I could add that at the beginning. Whatever is your blogs points is fine. Plus your background.


    Now if you don't mind sending it in a PM it is easier for me to bounce around copy and pasting..


    I might be doing it later today to be honest.


    Thanks! Want to get more exposure for all and see more avenues of thought for all the lurkers too..
    7 Nov 2013, 02:37 PM Reply Like

    7 Nov 2013, 04:43 PM Reply Like
  • IT, thanks for hipping me to this blog. Great work! I admire your energy and enthusiasm for teaching, sharing and especially for the truth... the 30 minutes I just spent reading the first third of this thread - before spinning to the bottom - was time well spent. PMs, Oil, OBummer care,,,, good stuff. Gotta run. I'll be back.


    7 Nov 2013, 04:54 PM Reply Like
  • Author’s reply » BIZ......welcome !!


    Once you catch up we are moving on to another exciting chapter where for the first time if ANYONE took the time to write a blog and spends time here will get it noted in the blog hopefully to create some traffic for them.


    If you join us with some comments your article links will get included as well. My goal is to learn, teach, scratch my head a lot too!!


    The link is above a few comments and you can either make a statement or ask question. We have so many people with knowledge that at some point all are learning !!


    What's better then that ! If you like what you read we also would appreciate a post from you within your article telling people about us. This is word of mouth only !! Tough to get the word out ..
    7 Nov 2013, 05:05 PM Reply Like
  • A great discussion here. The recent Silver Summit here in Spokane had the smallest and most downbeat attendance since the Summit began over ten years ago. The fast money crowd nowhere to be seen with only the true believers on scene. A contrary indicator in my mind. More later if anyone is interested.
    9 Nov 2013, 02:27 PM Reply Like
  • Author’s reply » PAC


    Welcome.. We have moved onto a new chapter posted a few links above. Once you catch up reading come over and leave a few new comments. All are welcomed and I would like more info posted about the sale of the metals.


    Thanks !
    9 Nov 2013, 02:54 PM Reply Like
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