Gyroscopic Investing

MediumTex wrote: Anybody want in on this action?

I've got middle of October.

Adam1226 wrote:
I'm sticking to Sep 2.  It's right before a long weekend.  They love to sneak that stuff in when people aren't paying close attention.

6 Iron wrote:

Adam1226 wrote:
I'm sticking to Sep 2.  It's right before a long weekend.  They love to sneak that stuff in when people aren't paying close attention.

This sounds about right, with 14 months to the next election. But in the Price is Right tradition, I will say Sept 2, and 1 second.

Clive wrote: August 2nd might come and go with no debt ceiling resolution, some panic for a few weeks whilst they rearrange debt servicing by raiding piggy-banks and the backs of sofa's, a downgrade from triple A in the interim and costing perhaps $100B in extra costs - before AAA being reinstated as a Christmas present.

MediumTex wrote:

6 Iron wrote:

Adam1226 wrote:
I'm sticking to Sep 2.  It's right before a long weekend.  They love to sneak that stuff in when people aren't paying close attention.

This sounds about right, with 14 months to the next election. But in the Price is Right tradition, I will say Sept 2, and 1 second.

You DOG!!!

6 Iron wrote: You're right, of course. Therefore, if I win, while I will not share the glory and fabulous riches that await me with Adam, I will mention him in the footnotes of my forthcoming autobiography.

MediumTex wrote: I assume we will be hearing from Bernanke pretty soon.

Adam1226 wrote:

MediumTex wrote: I assume we will be hearing from Bernanke pretty soon.

In exactly one month, on Sep 2nd.

moda0306 wrote: Usually the next tool to stimulate the economy (whether you think that's a good thing or bad thing) is fiscal stimulus.

Who thinks we'll see much more of that any time soon?

MediumTex wrote:

moda0306 wrote: Usually the next tool to stimulate the economy (whether you think that's a good thing or bad thing) is fiscal stimulus.

Who thinks we'll see much more of that any time soon?

That's a joke right?

Didn't we already do all of this back in 1937?  That was when Congress got it in their heads that what the nation really needed was a balanced budget.  I wonder who was surprised when the economy immediately went back into recession?

I wonder who will be surprised this time around?

MediumTex wrote: It's just an intuition that I could never fully articulate, but I feel like a wild animal that is sensing bad weather approaching.

Adam1226 wrote:

MediumTex wrote: It's just an intuition that I could never fully articulate, but I feel like a wild animal that is sensing bad weather approaching.

What do you think is going to happen?

The novel begins in a warren with Fiver, a young rabbit, who is considered a runt by the warren and yet is also a seer, receiving a frightening vision of his warren's imminent destruction. He and his brother Hazel, the main character of the novel who at this point is low in the rabbit hierarchy, attempt to persuade their chief rabbit of the danger facing them, but are ignored because of Fiver's inability to accurately describe this danger. They then set out on their own with a small band of rabbits to search for a new home, though with difficulty, as the warren's military caste—the Owsla—try to prevent them leaving.

The traveling group of rabbits find themselves following the leadership of Hazel, a role reversal because of his previous position as an unimportant member of the warren. They travel through dangerous territory with Bigwig and Silver (both former Owsla) and Buckthorn as the only significantly strong rabbits among them.

The company copes with many dangers and meets a rabbit called Cowslip, who invites the group back to be members of his warren. Here, the company encounter an apparently prosperous rabbit colony with ample food and protection from predators by a human whose farm is near their warren. However, Fiver is profoundly suspicious, especially when he observes that these rabbits do not tell the customary tales of El-ahrairah but instead recite fatalistic poetry. When Fiver attempts to leave, Bigwig learns firsthand the deadly secret of the warren: the whole area is a human-designed rabbit farm with numerous snares placed to harvest them. After helping Bigwig escape from a snare, Fiver exposes his fellows to the warren's horrific secret, effectively convincing them to flee this honey trap of a colony immediately. One of the rabbits in Cowslip's warren, named Strawberry, joins them at this point.

Fiver's visions promise a safe place in which to settle, and the group eventually finds Watership Down, an ideal location to set up their new warren. They are soon reunited with Captain Holly and Bluebell, also from the original warren, who reveal that Fiver's vision was true and the entire warren was destroyed by humans.

MediumTex wrote: Have you read Watership Down?

Liz L. wrote: Tex, what are you doing in your variable portfolio as a result of your Fiver sense tingling?

I ask because I have the same sense, but don't know what, if anything to do about it.

Also, of course, I could be wrong.

Reub wrote: Clive, are there any indications that this stock market decline is going to continue into a major downslide or is this just a typical 10% correction that we are overdue for?

stone wrote: Can anyone explain for me why QE bolsters stocks? I can see that it has done in practice but I don't understand why. Is the idea that QE (the Fed swapping assets for bank reserves) makes all other assets rise in price until the expected future returns are as low as for the bank reserves? BUT now expected future returns for stocks are probably already as low as for bank reserves and yet we all seem to "know" that if QE3 was to start tommorow in earnest, stocks would rise.

stone wrote: Are you saying that people suspect that the Fed might buy stocks???