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Blakely Bimbo
| Favorite team: | Alabama  |
| Location: | |
| Biography: | |
| Interests: | |
| Occupation: | |
| Number of Posts: | 1183 |
| Registered on: | 12/15/2010 |
| Online Status: | Not Online |
Forum
Message
re: Bloody few days, especially for me.
Posted by Blakely Bimbo on 7/8/15 at 10:50 am to Jag_Warrior
BREAKING NEWS - NYSE halts trading due to Technical Issues. Earlier today United Airlines had to suspend flights due to technical issues, but flights have resumed.
1
re: Finally, a good take on Greece...
Posted by Blakely Bimbo on 7/7/15 at 4:24 pm to bayoubengals88
The whole Euro concept was forged from financial Engineering. Will likely fail unless all countries totally abandon sovereignty and taxation rights adn central banking to a central gov. The question is how long does it take?
Ya'll want to know why the US market did a complete turn around today? This little tidbit from the UK Guardian. A proposal floated for short term solution.
UK Guardian
Ya get it?
Would not be short any markets in this environment unless you got a real strong constitution.
By the way, I don't remember where I read it on Sat, but someone posted in the comments section that it had already been decided Yanis was going and two names had been selected for the job. That was Sat, before the elections. That poster was well informed.
Ya'll want to know why the US market did a complete turn around today? This little tidbit from the UK Guardian. A proposal floated for short term solution.
quote:
But sources in Brussels said that there was a fix available, provided leaders believed the departure of the former Greek finance minister Yanis Varoufakis had created some goodwill. They said that when Greece’s second bailout expired last Tuesday, €3.3bn in ECB profits from its securities markets programme due to Greece also vanished.Ministers from the Eurogroup could decide to release the profits from 2014, which amount to €1.85bn, and top them up with an additional €1.5bn currently held by eurozone governments in order to solve the ECB problem. A eurozone source said: “It’s not an easy solution, but probably the only solution.”
UK Guardian
Ya get it?
Would not be short any markets in this environment unless you got a real strong constitution.
By the way, I don't remember where I read it on Sat, but someone posted in the comments section that it had already been decided Yanis was going and two names had been selected for the job. That was Sat, before the elections. That poster was well informed.
re: What are your thoughts on the Chinese stock market plunge?
Posted by Blakely Bimbo on 7/7/15 at 10:58 am to rehtaeh
I am thinking that the Chinese gov is going to have to keep the gamblers out of the system. I'm having a flashback to 1984...sitting with my husband on a rundown gambling boat in Macau. This is all pre china takeover and before Vegas descended on the formerly Portuguese Macau.
We were the only 2 westerners on the boat and I was in awe of the rabid gambling surrounding me. Fast forward to 2015 and when the gov put a floor under the rise in property spec and frowned upon citizens going to the Macau Casinos, there was no place else to gamble but the stock markets and ETF's. Ta Da the parabola. Pile on the amount of margin used to execute the trades and this will not be pretty.
When margin calls, one has to sell something else to meet the call. Starts a chain reaction. I am thinking that the US markets could get an influx of scared money from around the world. Our turn comes maybe 12-14 months later.
We were the only 2 westerners on the boat and I was in awe of the rabid gambling surrounding me. Fast forward to 2015 and when the gov put a floor under the rise in property spec and frowned upon citizens going to the Macau Casinos, there was no place else to gamble but the stock markets and ETF's. Ta Da the parabola. Pile on the amount of margin used to execute the trades and this will not be pretty.
When margin calls, one has to sell something else to meet the call. Starts a chain reaction. I am thinking that the US markets could get an influx of scared money from around the world. Our turn comes maybe 12-14 months later.
re: Is Shake Shack (SHAK) the next Chipotle (CMG)?
Posted by Blakely Bimbo on 5/28/15 at 8:12 am to Azazello
quote:
I ate at one in DC. It was good but not great.
I don't know much about them. Are they just serving units and you have to eat it outside? Do they have sitting facilities?
re: KORS is down big today
Posted by Blakely Bimbo on 5/28/15 at 8:07 am to Ric Flair
KORS is done and you can stick a fork in it. The Stock is only good for a trade. KORS shoppers are migrating to Tory Burch. These brands are aspirational brands, not luxury.
Dooney and Bourke, then Coach, then Kors all became so saturated that women's taste drifted on to the next up and coming brand. If the Tory Burch line becomes saturated, she will suffer the same fate.
I have a couple of (genuine) Gucci bags I bought in Hong Kong in 1984 that I still use. Timeless bags.
Today, I really like the look of Aspinal of London, myself.
Dooney and Bourke, then Coach, then Kors all became so saturated that women's taste drifted on to the next up and coming brand. If the Tory Burch line becomes saturated, she will suffer the same fate.
I have a couple of (genuine) Gucci bags I bought in Hong Kong in 1984 that I still use. Timeless bags.
Today, I really like the look of Aspinal of London, myself.
re: What is your main source for economic news?
Posted by Blakely Bimbo on 5/22/15 at 10:37 am to Stingray
For those seeking free sources, Bloomberg is a good resource.
re: $179 million Picasso - anybody investing in art?
Posted by Blakely Bimbo on 5/16/15 at 3:53 pm to tigerpawl
Would you pay 35 million pounds to look at this...
n Freud is a 21st century Reubens.
Some art critics say Lucian Freud is a 21st century Reubens, but I would not want THAT painting in my house.
n Freud is a 21st century Reubens. Some art critics say Lucian Freud is a 21st century Reubens, but I would not want THAT painting in my house.
re: First time ever I got a second job.
Posted by Blakely Bimbo on 5/7/15 at 8:28 am to LSU alum wannabe
It is interesting that you brought this up today. You are taking on a second job to knock out debt, but I watched an early morning interview on Bloomberg that suggests that Americans must get used to having multiple jobs.
It was suggested that one would be working multiple jobs in the future to live. 2-3 part time jobs require a lot of logistics. There will probably be apps to find jobs close to your home to cut transit time. There will probably be an app to calculate withholding for multiple jobs.
It was suggested that one would be working multiple jobs in the future to live. 2-3 part time jobs require a lot of logistics. There will probably be apps to find jobs close to your home to cut transit time. There will probably be an app to calculate withholding for multiple jobs.
re: In need of recommendations for a credit card to purchase an engagement ring
Posted by Blakely Bimbo on 4/30/15 at 9:42 am to Delacroix
DO NOT buy an engagement ring. Waste of money and it symbolizes nothing about your relationship or future success. Young women today have been brainwashed and are trying to outdo each other. It is a contest of who can get the largest ring. Don't participate in this side show.
Buy her a nice diamond wedding band when you do marry.
Buy her a nice diamond wedding band when you do marry.
re: Where in your house would you hide 2k in cash?
Posted by Blakely Bimbo on 4/24/15 at 9:20 am to NewIberiaHaircut
quote:
Go into the attic
Remove insulation between walls
Put a nail on the inside of a stud
Tie string to nail
Tie bag of money to end of string hanging between walls
Replace insulation
Make sure you wrap it in welders cloth.
re: Nav Saroa- Trading Legend or Market Manipulator
Posted by Blakely Bimbo on 4/23/15 at 8:25 pm to STLhog
These charges smell like 8 day old greens.
For any of you who are interested in the subject of HFT and spoofing, there is a great discussion ongoing in the comments at Macro Man blogspot.
For any of you who are interested in the subject of HFT and spoofing, there is a great discussion ongoing in the comments at Macro Man blogspot.
re: UPDATE Contacted today about refinancing my home from my Mortgage Company
Posted by Blakely Bimbo on 3/29/15 at 8:21 pm to burgeman
When did you originally finance? Was it before the PMI change to life of the loan?
IIRC correctly the change was in April 2013. If you don't plan on being in your home for a long period, it would not matter.
IIRC correctly the change was in April 2013. If you don't plan on being in your home for a long period, it would not matter.
re: CNBC: For millions of Americans, the 401k is a failure
Posted by Blakely Bimbo on 3/27/15 at 11:17 am to AUCE05
The real problem is that machines are going to be doing work that some of you perform right now. Fewer humans working means there are fewer people contributing. Corporations don't have to pay healthcare and pensions to machines.
Think. About. It. I may not live to see it, but changes are coming.
For most of you young people, I would not have all of my eggs in the .gov regulated baskets.
Think. About. It. I may not live to see it, but changes are coming.
For most of you young people, I would not have all of my eggs in the .gov regulated baskets.
re: What is your response when someone says Jesus would've been a liberal/socialist?
Posted by Blakely Bimbo on 3/20/15 at 10:17 am to Grim
What is my response when someone says Jesus would've been a liberal?
I say that he was the greatest liberal to ever roam this earth. He lived his belief in love, justice and care for the poor. Jesus however did not look to the state to solve man's problems. He wanted individuals to care for the poor.sick, and hungry.
There is nothing wrong with being liberal as long as one does not use those views to take power. The trouble with liberals today is that they want the rest of us to make the sacrifices while they do not. It is about power not care for others.
It gripes me to no end that "environmentalists" like Prince Charles, Al Gore and Hollywood stars want to limit our carbon footprints while they travel the world in private jets and have swimming pools in every huge home. It's hypocritical.
Jesus gave up everything for us. He gave the ultimate. He talked the talk and walked the walk.
I say that he was the greatest liberal to ever roam this earth. He lived his belief in love, justice and care for the poor. Jesus however did not look to the state to solve man's problems. He wanted individuals to care for the poor.sick, and hungry.
There is nothing wrong with being liberal as long as one does not use those views to take power. The trouble with liberals today is that they want the rest of us to make the sacrifices while they do not. It is about power not care for others.
It gripes me to no end that "environmentalists" like Prince Charles, Al Gore and Hollywood stars want to limit our carbon footprints while they travel the world in private jets and have swimming pools in every huge home. It's hypocritical.
Jesus gave up everything for us. He gave the ultimate. He talked the talk and walked the walk.
re: Vehicle allowance- what is is the smartest decision
Posted by Blakely Bimbo on 3/17/15 at 9:19 am to lsu0005
From day 1 of the allowance, keep very good records. Keep a notebook and log in and out of your business miles. Log your starting mileage from the date of the allowance and log the ending mileage at year end.
On form 2106, the gov asks if the evidence is written.
Buy a truck you can afford without the allowance. Also consider any necessary changes in your auto insurance regarding using for business purposes.
On form 2106, the gov asks if the evidence is written.
Buy a truck you can afford without the allowance. Also consider any necessary changes in your auto insurance regarding using for business purposes.
re: So, the dollar is at a 13 year high
Posted by Blakely Bimbo on 3/11/15 at 9:37 am to fishfighter
quote:
What is going to happen now that the dollar is so high? I know it is going to hurt exports big time, in turn will start shutting down plants and jobs.
The pace can be very disruptive to financial markets. VERY Disruptive. EUR/USD 1.05 needs to hold. I imagine there were some frayed nerves on European trading desks today.
re: Stock implications regarding FCC Internet regulation
Posted by Blakely Bimbo on 2/26/15 at 11:22 am to RebelExpress38
quote:
Would any of these small companies be forced to sell to the big guys?
Likely will happen over time.
TPTB need net neutrality for the coming digital currency. Gov is saying everything but THAT.
re: Fed funds futures now point to best chance of rate hike in October (was Sep)
Posted by Blakely Bimbo on 2/25/15 at 8:01 am to euphemus
Rates will not rise this year. Maybe not even next year.
re: Energy Bill on New Larger House in South Louisiana?
Posted by Blakely Bimbo on 2/25/15 at 7:58 am to BeerMoney
Try reducing the thermostat to 68. We keep ours at 68. Just wear light sweater around house.
re: Anyone buying RIG?
Posted by Blakely Bimbo on 2/24/15 at 2:00 pm to Ole War Skule
I just heard on CNBC that Barclays is saying that a downgrade of the debt could be coming as soon as tomorrow. Might want to check on it.
CNBC
CNBC
re: 47 and burned out
Posted by Blakely Bimbo on 2/20/15 at 9:46 am to nelatf
quote:
The regulatory pressure coming down and already down on regional and local banks is just too damn much.
I am one of the best in the business and I want to walk away damn near every day - take a year off and find something else.
There will have to be a wave of mergers to be able to handle all of the regulatory and compliance costs....I need to be able to capitalize on that.
This. I hear it all the time. A good friend retired earlier than planned because she just could not take it anymore. Banking in general ain't what it used to be.
I don't know if this will work for OP, but knew a guy years ago who left for a couple of years and used his talents in non-profit. OP if you can afford to do this, NP's are good networking vehicles.
Of course, in this dog eat dog private sector work environment, don't know if the old rules apply. It's not just banking, it's everywhere.
re: What changed your financial future for the better?
Posted by Blakely Bimbo on 1/24/15 at 12:25 pm to OnTheBrink
When I first met my husband in the late 70's he drove a Porsche. We dated for about a year and then drifted apart. He married a woman a couple of years later that nearly put him in Bankruptcy.
He divorced her about 18 months later and came knocking back on my door after I broke up with a guy who was financially "toxic". We talked a lot about how we wanted to go on and the lifestyle we wanted for ourselves and our children. One thing that we both agreed was autos and "toys".
I have never cared about what I drove as long as it got me there. Autos, boats, jet skis, motor homes and the like are financial burdens if you have to use credit to purchase. We decided that we wanted our discretionary income to buy "experiences". Remember that term because you will be hearing a lot about it and the economy. My husband and I were decades ahead of trend. By experiences I mean, travel, music, art, social organizations etc. Boomers are buying less stuff and "experiencing" more.
Things don't bring a couple happiness, but stress caused from debt and money woes can destroy a marriage. Laughing, living and loving are worth more than a depreciating SUV.
He divorced her about 18 months later and came knocking back on my door after I broke up with a guy who was financially "toxic". We talked a lot about how we wanted to go on and the lifestyle we wanted for ourselves and our children. One thing that we both agreed was autos and "toys".
I have never cared about what I drove as long as it got me there. Autos, boats, jet skis, motor homes and the like are financial burdens if you have to use credit to purchase. We decided that we wanted our discretionary income to buy "experiences". Remember that term because you will be hearing a lot about it and the economy. My husband and I were decades ahead of trend. By experiences I mean, travel, music, art, social organizations etc. Boomers are buying less stuff and "experiencing" more.
Things don't bring a couple happiness, but stress caused from debt and money woes can destroy a marriage. Laughing, living and loving are worth more than a depreciating SUV.
re: Europe QE to start off at 50 Billion / Month?
Posted by Blakely Bimbo on 1/23/15 at 7:04 am to LSU0358
I guess that if one believes that this ECB QE follows the road map of the US QE, then one would buy European stocks and high yield.
How about Euro funding of Emerging markets?
How about Euro funding of Emerging markets?
re: Europe QE to start off at 50 Billion / Month?
Posted by Blakely Bimbo on 1/22/15 at 3:48 pm to 90proofprofessional
quote:
So how does this work with ECB? Do they just spread the govt debt purchases across the member countries? (Will they skip Greece?)
Well, see that is all about the fine print. According to the release, not until the summer can Greece be included. They have bonds coming due at that time.There are caveats also.
The duration for purchases announced does not fall in line with Greek Debt.
The deal announced for bond buying: 80% risk to member banks. Will be interesting to see how that plays out, non?
In the near term, I am looking at this move by the ECB at too sketchy. The ECB is not the Federal Reserve, so any results from this announcement just don't compute for me yet. IF Syriza is elected and IF Greece defaults on that 240+ billion Euros they owe the ECB, then at 60 billion Euros a month (for the near term) is going to be plugging holes.
re: Europe QE to start off at 50 Billion / Month?
Posted by Blakely Bimbo on 1/22/15 at 10:05 am to LSU0358
Breaking...Danish Central Bank just cut rates again.
Currency wars do not end well.
Currency wars do not end well.
re: Europe QE to start off at 50 Billion / Month?
Posted by Blakely Bimbo on 1/21/15 at 12:25 pm to LSU0358
re: Europe QE to start off at 50 Billion / Month?
Posted by Blakely Bimbo on 1/21/15 at 9:47 am to LSU0358
Please correct me if I am wrong, but the ECB balance sheet has been shrinking. So how much a month?
IIRC, this 50 bil euros will be little more than maintaining the status quo. Better than nothing, but we'll see what happens tomorrow.
IIRC, this 50 bil euros will be little more than maintaining the status quo. Better than nothing, but we'll see what happens tomorrow.
re: BHP shutting down 40% US shale rigs
Posted by Blakely Bimbo on 1/21/15 at 7:41 am to b-rab2
quote:
Article also said that Baker Hughes "fired" 7,000 people, not lay them off.. Who do we have writing these articles? College kids?
The article was generated by Business Insider. That should explain the lack of knowledge by author.
re: MT suggestions for market index investing
Posted by Blakely Bimbo on 1/15/15 at 10:43 am to jimbeam
IMO, something big is getting ready to happen. The SNB breaking the Euro peg is a big frigging deal.
It could signal that the ECB is going to execute a QE next week. How big? Who knows? Could be that the Swiss Central Bank knows its coming and it is getting in front of the ECB or it could mean that there has been a break in central bank co ordination.
Also, yesterday at Bloomberg, there was an article concerning Yellen signaling that she ain't going to babysit market turmoil. Read it...
Bloomberg
OK, so IF the ECB announces a huge QE next week, where is the money going to flow to? Too many unknowns right now, although a big Euro QE could put a floor on commods.
Anecdotally, I noticed that during this Christmas shopping season, the deals started way before Black Friday. Lower prices everywhere. Deflation... and last week I heard of a friend whose company has asked for employees to take a high teens salary reduction. The company involved is in no way connected to the price of energy. That's the first one I have heard, but I will be looking for a trend.
For me I am not selling, but I don't want to put NEW money to index funds until there is a clearer picture of what investors will be dealing with going forward.
As always do your own due diligence.
It could signal that the ECB is going to execute a QE next week. How big? Who knows? Could be that the Swiss Central Bank knows its coming and it is getting in front of the ECB or it could mean that there has been a break in central bank co ordination.
Also, yesterday at Bloomberg, there was an article concerning Yellen signaling that she ain't going to babysit market turmoil. Read it...
Bloomberg
OK, so IF the ECB announces a huge QE next week, where is the money going to flow to? Too many unknowns right now, although a big Euro QE could put a floor on commods.
Anecdotally, I noticed that during this Christmas shopping season, the deals started way before Black Friday. Lower prices everywhere. Deflation... and last week I heard of a friend whose company has asked for employees to take a high teens salary reduction. The company involved is in no way connected to the price of energy. That's the first one I have heard, but I will be looking for a trend.
For me I am not selling, but I don't want to put NEW money to index funds until there is a clearer picture of what investors will be dealing with going forward.
As always do your own due diligence.
re: MT suggestions for market index investing
Posted by Blakely Bimbo on 1/15/15 at 9:05 am to Kingpenm3
JMO, but I think that it is a little late for indexing.
Going forward, it is going to be a stock pickers market for a while. It's been a good run, but obviously, things are starting to change.
Going forward, it is going to be a stock pickers market for a while. It's been a good run, but obviously, things are starting to change.
re: Spending too much on dry cleaning
Posted by Blakely Bimbo on 1/14/15 at 8:25 am to TigerFan244
Are you talking about dry cleaning or laundering and ironing shirts?
Ask around. There are women who take in laundry and will do an excellent job on starching and ironing your shirts and cotton pants.
Ask around. There are women who take in laundry and will do an excellent job on starching and ironing your shirts and cotton pants.
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