Blakely Bimbo
| Favorite team: | Alabama  |
| Location: | |
| Biography: | |
| Interests: | |
| Occupation: | |
| Number of Posts: | 1183 |
| Registered on: | 12/15/2010 |
| Online Status: | Not Online |
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re: Bloody few days, especially for me.
Posted by Blakely Bimbo on 7/8/15 at 10:50 am
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.
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re: Finally, a good take on Greece...
Posted by Blakely Bimbo on 7/7/15 at 4:24 pm
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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