Friday, August 5, 2011

It's Friday...

what's going on?

Amazing pics of  famous huge holes in the earth at Boudica BPI Weblong.  Really - you need to see these pics. 
H/T That Mr. G Guy's Blog

Pundette:   Not serious

Woodpile Report:  We have arrived 

Green Mountains Homesteading:   The crossing of the Rubicon...
 


Conservatives on Fire:   Did You Know That The US Funds Salaries For Palestinian Terrorist 

The republican Mother:   Saving America: Step 1

Backyard Conservative:   Generational Warfare. "Stop calling our country Taxdonia. This is Lovelandia!


Political Junkie Mom:  Unionized schools: doubling down on stupid

The Reaganite Republican:  Last Surviving Pilot of 1942's Astonishing 'Doolittle Raid' Col William Bower; a Brief History and Memorial Service in Pictures


Political Realities:  The Makeup Of The Super Congress

That Mr. G Guy's Blog:   Drunk Bernanke Tells Bar Patrons…’We’re Totally Screwed’

Granny Jan and Jihad Kitty:   Michelle Obama Says that Barack Has a Gift of Magic Hair

More fun from iOwnTheWorld (I love these guys!)  
iOwnTheWorld.com is employing a technique where results of our impromptu contests will be posted on a random blog so that we can direct our traffic to you in hopes that our readership will take a look around, like what they see and bookmark you.
We call this Hawkin'  in honor of John Hawkins, who predicted the slow painful death of the independent blogger.
The above cut and pasted from the combox at Blazing Cat Fur who was today's recipient of the Hawkin'.  Go visit and say hi!  Yesterday I met TN Tuxedo via iOwnTheWorld.  Go visit him, too.  

Did I mention I checked the balance of my Roth IRA this morning? 

Did you all notice the cute little "subscribe in a reader" button up top on the left?  That only took me a couple months to accomplish.  I so don't like the "nuts and bolts" of blogging. 

8 comments:

Blue said...

I contribute each month to a mutual fund. (It's not a retirement fund) Last friday a share was worth $17.05. Today it is sitting at $13.71. That hurts. A lot. Hoping that the change starts soon :)

Have a great weekend!

Anonymous said...

Thaks for the link up and thanks for the picture of the holes _ classic!

Republican Mother said...

Thanks for the link, Ade-

we stopped contributing to the 401k 'cause we don't want to throw good money after bad.

christian soldier said...

my thanks for the list--
fellow Patriot friend--

Carol-CS

Terry Nelson said...

I love the the link to the big holes photos - too bad there wasn't one of Obama as the big A-hole.

bill bannon said...

Adrienne,
If the market keeps going down, you can stop or slow your aggregate IRA from doing so by buying a short etf which will go up as the market goes down. Thursday my aggregate stayed put all day by doing so but you have to play with them tentatively at first to see their effect.....and you need to have free cash in the ira or sell some stock to get the freed up cash.
MWN does three times the inverse of mid cap stocks.
So $5,000 does the work of $15,000. If a person had 20k in the market, they could get a market neutral effect (staying put) by putting 15K in stock and 5k in MWN until the down trend is over. What is happening is that your stocks are going down while MWN is going up. And you're kind of staying even.
The risk is that on a great turn up in the market, you'll also be standing still until you sell MWN.
Research "inverse etf's". You buy them just like a stock. They can counter balance mutual funds also.

Anonymous said...

Thanks for the link(s). Great lineup.

Mike G.

bill bannon said...

Postscript to IRA fund people
Bloomberg is reporting at 7PM that the market will fall heavy tomorrow. Wait it out. Don't try to buy MWN tomorrow because it will gain tremendously at 9:30 as the market opens. When there is a good day during the week, buy a little to see how it makes your sum total more steady. Get used to it in small amounts to see how it works. DXD is only a 2x inverse of the DOW if you want to try a milder one first. When the DOW goes down, it goes up by a factor of two and is probably better if one were going to keep an inverse more than two weeks.
Do nothing new tomorrow....new is bad on a crazy day and tomorrow promises to be like last Thursday. At a certain point called "oversold", you'll see several good days
come in. Then buy a little inverse...their price will be down when those days come. I'm going into tomorrow 20% heavy on inverse etf's. So I'll actually make money from the day being bad but only if I sell the inverses before those good days come back. People with 401's can't buy inverses but IRA people can.