Prognostications

Something I always wondered is if CC’s would charge interest, or more so how much of it, if you withdrew cash after your statement and returned it the day before your new statement balace is calc’ed

You don’t get a grace period on cash advances, the vig starts running from the date of withdrawal.

Turkish Wrote: ------------------------------------------------------- > You don’t get a grace period on cash advances, the > vig starts running from the date of withdrawal. sort of like the mafia! Except no visits to the washroom when you go to Italian restaurants in the Bronx. This must bring up bad memories for someone nicknamed “turkish”

Anything involving the vig or casino halifax brings up terrible memories for me.

I knew a guy in college who bought $20k QCOM on margin with a check he wrote from his credit card. This was around January of 2000. Didn’t work out so well.

a friend at work told me about one of his friends whom went to the casino at the first of the school year and took his entire student loan and put it on black, and said “this is either going to be a good year or a bad year”. It was bad year!

^^ Great story Halifax.

Packers 34 Patriots 31 One can only hope

Dow: 11,000 Gold: 1000 Oil: 100 President: Romney over Obama Final Four: Indiana, UCLA, Louisville, Kansas. Kansas over IU for the championship

HoldSideAnalyst Wrote: ------------------------------------------------------- > I’ll be borrowing on credit cards to buy stocks if > the S+P hits 1250 in the next month. I hope you have some capacity, it looks like you will have your wish tommorow.

Gallows humor. ha-ha…

JoeyDVivre Wrote: ------------------------------------------------------- > > I’d shave my beard into a handle bar moustache if > that would help the Giants win. ------------------------------------ So did you??

delhirocks Wrote: ------------------------------------------------------- > JoeyDVivre Wrote: > -------------------------------------------------- > ----- > > > > I’d shave my beard into a handle bar moustache > if > > that would help the Giants win. > ------------------------------------ > > > So did you?? Yes. They owe their success completely to my facial hair manipulation. Imagine what I am going to do for the SuperBowl.

Mullet to complete the look.

JoeyDVivre Wrote: > > Yes. They owe their success completely to my > facial hair manipulation. Imagine what I am going > to do for the SuperBowl. ------------------ But you & I both know Giants won’t win in Feb… Go Pats…

CFA_Halifax Wrote: ------------------------------------------------------- > a friend at work told me about one of his friends > whom went to the casino at the first of the school > year and took his entire student loan and put it > on black, and said “this is either going to be a > good year or a bad year”. It was bad year! So at Carolina there is a fraternity in which many years ago they had a corrupt treasurer who appropriated all the fraternity funds for himself and lied about the fraternity finances to the other members. When they finally caught him there was no money left. So the fraternity brothers pooled all their individual money and bet it all on one football game. They won the bet and replaced all the money that had been embezzled. The reason I know this story is that all new pledges need to learn ever detail of that game and recite them together in the dining hall. E.g. “Pledges - what was the final score of the [blah] game?” [in unison] “Sir, 37-14” … “Pledges, What was the hang-time of the second punt in the third quarter?”…

They play football in the Carolinas?

JoeyDVivre Wrote: ------------------------------------------------------- > So things are looking ugly. Just for fun (no > remarks about efficient markets, unbiased prices, > etc. allowed), let’s hear prognostications for > year end. > > Here are mine: > > Dow: 10,000 > Gold: 1000 > Oil: 100 > Joey: 46 > Election: One of the Republicans after Hillary and > Obama eat each other. > Real Estate: Getting crushed and getting worse > despite shoddy govt attempts to bail out lenders > and free up credit. Real Estate performs even > worse than equities. > Structured finance products: A liquidity crisis in > the summer causes there to be some really great > deals out there if you can supply liquidity to the > market. > Basketball: Carolina is undefeated for the entire > season and runs away with the National Champion, > handily crushing South #1 seed Duke 102-12 in the > national championship game (ok, I’m not too sure > about this one). I’m not looking too bad on these predictions. Carolina was a disappointment.

Nice going Joey - although I disagree with your Gold call. Gold and commodities in general should have been up on a day like today, right? Especially with the Fed injecting 70bln worth of repos onto the market. Liquidity is drying out fast and credit is contracting. Deflation is a coming.

Yeah, gold isn’t looking good now. Probably get Dec. 1000 calls pretty cheap.