About iwog

iwog

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Registered Nov 10, 2007

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iwog's most recent comments:

  • On Tue, 1 Sep 2015, 7:37am PDT in I'm liquidating all my stocks and going to cash, iwog said:

    mell says

    China is a side-show, albeit important. The reason the market is crashing is that the Fed is cornered, afraid it may lose what's left of its credibility (amidst end-the-fed protests) it feels the pressure to follow through with the rate hike and people are selling in anticipation of rising rates. If they delay again they may risk a falling market despite continuation of ZIRP which may be far worse and spiral things out of control.

    Fed cultists have no insight whatsoever into this market. The fed has nothing to do with it.

  • On Mon, 31 Aug 2015, 4:16pm PDT in I'm liquidating all my stocks and going to cash, iwog said:

    SubOink says

    Iwog, if we don't head to the 14600 is level on the Dow - are you staying out of it and keep NAC? What would need to happen for you to get out of the NAC? (not saying going back to stocks) - whats the risk with the NAC?

    Risks to NAC will be interest rates going up and if the economy goes to hell, there might be a little bankruptcy risk in the underlying munis.

    However as of now, I don't think there's much risk of either scenario and am happy just collecting 6%.

  • On Fri, 28 Aug 2015, 1:39pm PDT in Shocking new insights about Climate Change, iwog said:

    Ceffer says

    Global warming is science by assertion fiat.

    This is absolutely undeniable if you're a slobbering idiot.

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