Official Pharmacy Investing (Stocks/Funds) Thread!

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The Button Has Been Pushed…Ready Or Not

http://blog.milesfranklin.com/the-button-has-been-pushed-ready-or-not

From the article:

"Please understand how many of these interest rate derivatives work. When the rates go against you, "margin" must be posted. By "margin" I mean collateral... With over a $1 quadrillion (with a big fat capital Q) derivatives market a 5% move creates over $50 trillion worth of winners and losers."
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grumps said:
This is probably from subscriber content from the latest GEAB bulletin:

"Historians will certainly consider the 2008 crisis as a warning shot ahead of that of 2013.....

2015! That close? Oh please,please reset the system. I don't want to be in gold forever.
Click to expand...

You are hoping the U.S. economy will collapse? What a patriot you are.

Check back on us in 6 months.
 
There is no way out. The globe is debt saturated. Ten trillion is coming due. They either print to roll it over, prolonging the agony OR devalue the debt load against gold. Yes, people's holdings in bonds and CD's will be hurt but will be countered balanced by a nominal bump in stocks, RE, & collectibles. The real gain will be in precious metals and miners. Opportunity of a lifetime. This isn't about being a goldbug, it's about acknowledging reality.

Cheers, BMB:)
 
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Fed balance sheet up 94B from 4 weeks ago.
 
The East is bringing gold into the system, the West is trying to poo on the parade. Notice how gold has fallen 400 dollars since mid April. I think that's when world war started. It began in the gold market.

http://rt.com/business/moscow-exchange-trading-metals-326/

Hopefully, we can take advantage of these discounts a bit longer. I was hoping for the HUI to drop to 150, but the miners had a good day yesterday in spite of gold being dropped.
 
I'm hearing more and more anecdotes from different sources that Asian buyers are bypassing the futures market and going directly to the miners for a different price from that presented in the paper market.
 
It's 9:29 CST and there's a battle royale going on now. Wow!
 
Looks like I missed the bottom. Wow! The gold market will absolutely set your hair on fire. Look at the shares!
 
Grumps....Do you get your tin foil hats custom made? No, you strike me as a make your own type of guy. After all they could be bugged if someone else made them.
 
I have one for each day of the week. On holidays I bang out the real special hats, like a red,white,and blue star-spangled one embroidered with sparklers for tomorrow.
 
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RealYields.jpg


Bear in mind that the CPI is a govt figure not real world, so rates are far more negative than this graph depicts.
 
Fed balance sheet now July 5, 2013 3,534,933,000,000 up 92B from 4 weeks ago
 
Is there any question as to what the endgame is?

Remarks by Governor Ben S. Bernanke
Before the National Economists Club, Washington, D.C.
November 21, 2002
Deflation: Making Sure "It" Doesn't Happen Here

http://www.federalreserve.gov/boarddocs/speeches/2002/20021121/

Read the whole speech, but focus on the two paragraphs under Fiscal Policy. There the reset mechanism is delineated.

"Fiscal Policy
Each of the policy options I have discussed so far involves the Fed's acting on its own. In practice, the effectiveness of anti-deflation policy could be significantly enhanced by cooperation between the monetary and fiscal authorities. A broad-based tax cut, for example, accommodated by a program of open-market purchases to alleviate any tendency for interest rates to increase, would almost certainly be an effective stimulant to consumption and hence to prices. Even if households decided not to increase consumption but instead re-balanced their portfolios by using their extra cash to acquire real and financial assets, the resulting increase in asset values would lower the cost of capital and improve the balance sheet positions of potential borrowers. A money-financed tax cut is essentially equivalent to Milton Friedman's famous "helicopter drop" of money.18

Of course, in lieu of tax cuts or increases in transfers the government could increase spending on current goods and services or even acquire existing real or financial assets. If the Treasury issued debt to purchase private assets and the Fed then purchased an equal amount of Treasury debt with newly created money, the whole operation would be the economic equivalent of direct open-market operations in private assets."


This is code for gold operations, a way to delever the system and devalue the debt. Be brave and keep your eye on the prize.
 
I began listening to these guys back in 2008 b/c they were anti-gold. I wanted to hear the bear case wanting to avoid confirmation bias. At the start they were all technicians eschewing fundamentals, but John Grant and Chris Wilson realized something bid was wrong so they did their homework. Eventually they realized what we are facing is a Kondratieff Winter debt deflation and that gold is the endgame. Listen to this audio as John Grant describes the conundrum that is QE and what it means.


http://www.cyclesman.net/wp-content/uploads/2011/01/John0621013.mp3
 
The days of the Petrodollar are numbered.

"In a provocative report, IHS Jane's Intelligence Review claims analysis of images in Saudi Arabia indicate "a hitherto undisclosed surface-to-surface missile base deep in the Saudi desert...with the launch pads pointing in the directions of Israel and Iran." IHS Jane's analysts believe the base is—or will be- stocked with Chinese-made intermediate range ballistic missiles."


http://www.cnbc.com/id/100884040?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=100884040%7CIsraeli%20fighter%20jets%20and
 
Something happened back in April, something that spooked our shadow govt to distract the public from the real problems. Foreign holdings of US Treasuries fell for a second month in a row. Down in April, down in May. This is significant. This could be the beginning of sundry balance of payment crises amongst the emerging countries as outlined in Hinde Capital's missive on Zero Hedge yesterday.
 
grumps said:
We are slaves. Some a little better paid than others, but at the end of the day we are all slaves.

http://theeconomiccollapseblog.com/archives/the-mcdonalds-budget-laughably-unrealistic-but-also-deeply-tragic

At some point some black or white hat in the military will have to step in.
Click to expand...

Yes, we are slaves. Sold as cattle and shipped across the ocean. Work for free and are abused and raped. Live in shanties on the farm. Our children are taken away and sold.

When gold goes under <$1000 will you stop this garbage?
 
Oh, don't worry. The Fed only added another 36B to its balance sheet this week.




April 4, 2013 3.259 Trillion


July 18, 2013 3.580 Trillion


Annualized rated of 1 Trillion
 
Here's a synopsis of subscriber content from a European think tank, LEAP2020, that was posted on JSMineset.

"-end 2013, financial impact: collapse of financial markets especially in the US and Japan. Banks can no longer be saved by the states and BAIL-Ins are put in place;


-end 2013 / 2014 spreading to the real economy: The financial impasse causes / reveals a major world recession and the reduction of international trade;


-2014, social impact: The economic deterioration causes unemployment to explode, in the United States the dollar's decline lowers the standard of living, riots mushroom everywhere;


-2014 political crisis: the governments of the most affected countries are under fire for their handling of the crisis, forced resignations and early elections are expected, if not coups;


-2014-2015, international management of the crisis: together Euroland and the BRICS impose a new international monetary system and lay down the basis of new global governance;


-2015: The least affected regions have exited the crisis definitively;


-2018: It will take the United States, the United Kingdom and Japan five years to purge themselves of the crisis with, ultimately, a greatly reduced standard of living and a considerable loss of global influence (resulting from their refusal to participate in the re-casting of global governance on new bases)."

http://www.jsmineset.com/2013/07/19/2013-crisis-to-trump-2008/
 
i know you're trolling-------


but when your "assumptions" don't come to fruition, and it's 2014 and there's no crisis, will you stop it? when gold is <$1000/oz will you stop it? when the dow's at 20,000 will you stop it? when unemployment is <6% will you stop it?
 
Notice how after all this technology has been integrated into retail pharmacy that efficiency improved but not our salaries by a commensurate amount. Instead the stress , the amount of crap, distractions, liability exposure, and big brother micromanagement/oversight took an exponential leap. Why the drive to have one RPh be liable for 500,800, 1000 rxs per shift? It's the need to service the debt embedded in the system. Debt that is never paid off, only rolled over and over. We are working harder and harder to pay off interest for the company debt, municipality debt, county debt, state debt, the debt of our supply chain partners, trade partners, & utilities, and the interest of our sovereign debt. You can roll over debt as long as interest rates are falling. What happens when rates rise?

Then there is student debt, producing legions of serfs with no choice but to accept this brave new world.


How financialization began in the western world : http://worldcomplex.blogspot.com/2013/07/how-financialization-began-in-western.html


"[Companies] are not able to invest in new physical capital equipment or buildings because they are obliged to use their operating revenue to pay their bankers and bondholders, as well as junk-bond holders. This is what I mean when I say that the economy is becoming financialized. Its aim is not to provide tangible capital formation or rising living standards, but to generate interest, financial fees for underwriting mergers and acquisitions, and capital gains that accrue mainly to insiders, headed by upper management and large financial institutions. . . . Instead of labor earning more, hourly earnings have declined in real terms. There has been a drop in net disposable income after paying taxes and withholding "forced saving" for social Security and medical insurance, pension-fund contributions and&#8211;most serious of all&#8211;debt service on credit cards, bank loans, mortgage loans, student loans, auto loans, home insurance premiums, life insurance, private medical insurance and other FIRE-sector charges."---Michael Hudson
 
http://www.peakprosperity.com/insider/82432/bankers-own-world

"When the team further untangled the web of ownership, it found much of it tracked back to a "super-entity" of 147 even more tightly knit companies - all of their ownership was held by other members of the super-entity - that controlled 40 per cent of the total wealth in the network. "In effect, less than 1 per cent of the companies were able to control 40 per cent of the entire network," says Glattfelder. Most were financial institutions. The top 20 included Barclays Bank, JPMorgan Chase & Co, and The Goldman Sachs Group."

This is what Daniel Estulin calls the Venetian Fundi.
 
Some advice for those new to the gold market. A good time of the month to buy gold:

1) around the monthly jobs number

2) going into options expiration, bookmark this calendar: http://www.cmegroup.com/trading/metals/precious/gold_product_calendar_options.html

3) Fed meetings are tricky. If something is to be announced that will make gold fly, a good tell is how gold behave the few minutes before the press release. If it drops precipitously that is probably the Exchange Stabilization Fund trying to get gold as low as possible before the news.
 
It's disco Thursady again.

Fed Balance sheet now as of July 25, 2013....... 3.616 Trillion, up 96B from 4 weeks ago. Four of the last five weeks this four week differential has been north of 92 Billion, more than the purported 85B of official QE.
 
http://www.maxkeiser.com/2013/07/collateral-damage-qe3-and-the-shadow-banking-system/


"How Monetary Policy Could Stimulate Employment

The Fed could avoid collateral damage to the shadow banking system without curtailing its quantitative easing program by taking the novel approach of directing its QE fire hose into the real market.

One possibility would be to buy up $1 trillion in student debt and refinance it at 0.75%, the interest rate the Fed gives to banks. A proposal along those lines is Elizabeth Warren’s student loan bill, which has received a groundswell of support including from many colleges and universities.

Another alternative might be to make loans to state and local governments at 0.75%, something that might have prevented the recent bankruptcy of Detroit, once the nation’s fourth-largest city. Yet another alternative might be to pour QE money into an infrastructure bank that funds New Deal-style rebuilding.

The Federal Reserve Act might have to be modified, but what Congress has wrought it can change. The possibilities are limited only by the imaginations and courage of our congressional representatives."
 
Unkie Grumps doesn't have much time before Nurse Ratched realizes he's awol.

http://kunstler.com/cluster****-nation/the-dreamtime/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+cluster****nation+%28Cluster****+Nation%29

"These days, surely, the idea of physical labor in the sorghum rows is abhorrent to a 325-pound food-stamp recipient lounging in an air-conditioned trailer engrossed in the televised adventures of Kim Kardashian and her celebrated vagina while feasting on a KFC 10-piece bundle and a 32 oz Mountain Dew." --Kunstler

http://news.goldseek.com/GoldenJackass/1375128000.php

"It is really amazing how little the gold community is aware of the diverse disruptive developments behind the scenes in seeking an alternative to the current US$-based trade system and USTBond-based banking system. The members seem to focus in mesmerized manner on the COMEX price, the USFed monetary policy, the Commitment of Traders reports, the various vaulted inventories, the busted sovereign bonds of Southern Europe, the growth of Asian gold holdings, the new Gold Exchanges, and the official mint coin demand, as well as the big bank ultra-slow motion demolition. But nothing seems to appear about Eastern Trade Zone, USDollar alternatives to trade, and Gold Trade Settlement in general. A large blind spot!"--Jim and wee Willie

http://news.goldseek.com/CaptainHook/1375117117.php

"Because even the idiots in the belfries that have not had their own bells rung to the point they can't think anymore know at some point the BS is not going to be enough to save their BS jobs, BS economy, and BS markets &#8211; which will leave those wishing to preserve their wealth with only one logical alternative &#8211; and that's precious metals. What's more, it will come fast when its happening and catch most people off guard with everything from crashing stocks, to bail-ins, to increasing violence of every variety. Because you can't have decades of serial bubble blowing, with bonds the latest example, and not have something very nasty happen at some point no matter what central banks attempt to do in avoiding the inevitable. And just about everybody reading this article knows what that means these days, that being printing money &#8211; lots of money while at the same time having you believe the opposite."--Captain Hook

Fast Food Workers In Seven Cities Strike, Saying They Can't Survive On $7.25 Per Hour

http://www.forbes.com/sites/clareoconnor/2013/07/29/fast-food-workers-in-seven-cities-strike-saying-they-cant-survive-on-7-25-per-hour/


Don Coxe: "Now We're Going To See Who Loses The Most When Gold Moves To The Upside"

http://bullmarketthinking.com/don-coxe-now-were-going-to-see-who-loses-the-most-when-gold-moves-to-the-upside/
 
So I really kinda dont have time to talk to the financial guy (and all I really care about is the employer match anyway) from 9-5 M-F. So...what should I invest % wise:

Am fund europacific growth
Baron Small Cap
Columbia COntrarian Core
DWS RREEF Real Est Sec
Deneral Account
Hartford Dividend & Growth HLS
Munder MC Core Growth
Oakmark Equity & Income
PIMCO Real Return
PIMCO Total Retutn
Pyxis Premier Growth Equity
SSgA Dj Target 2015 SL
SSgA Dj Target 2025 SL
SSgA Dj Target 2035 SL
SSgA Dj Target 2045 SL
SSgA SJ Target Today SL
RG SSgA S&P 500 Ind SL

If it makes a difference, I'll believe I'll be rolling this out into another 401k in a year or two with different options.

Thanks in advanced!
 
Ok, Joe, here's what I would allocate to these choices:

American Funds EuroPacific Growth Fund Class A
Barclays
Prudential

10% commercial banks
5% auto
5% semiconductor&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;..too much exposure to depression
6% bond exposure

Way too much china exposure

Grump's allocation&#8230;&#8230;zero

Baron Small Cap Fund
(MUTF:BSCFX)

Expense ratio 1.31% too high
23% consumer discretionary
6% financials

Grump's allocation&#8230;&#8230;zero

Columbia Contrarian Core Fund Class A
(MUTF:LCCAX)


Financials 17.63
Consumer Discretionary 13.73

Grump's allocation&#8230;&#8230;zero


DWS RREEF Real Estate Securities Fund Class A
MUTF:RRRAX

You would think that this would be a smart play with currency debasement, but oh what garbage is in this pig.
Public Storage 5.6%
Vornado Realty Trust 4% ( strip mall, commercial RE)
Simon Property Group 10% ( malls)

When deleveraging finally happens you don't want to be holding this fund. When the system reboots REITs will be at rock bottom real values.

Grump's allocation&#8230;&#8230;zero


Hartford Dividend and Growth HLS Fund Class IA
(MUTF:HIADX)

Top two holdings are JPMorgans and Wells Fargo

Great, if you want hundreds in trillions in derivative exposure.

Grump's allocation&#8230;&#8230;zero


Munder Mid-Cap Core Growth Fund Class A
(MUTF:MGOAX)

On the surface it appears to be a smart play, but a closer look reveals this fund to be a feeder fund for private equity and hedge funds. I don't like this, b/c what happens is that the winning trades are kept upstream and the losers are dumped on the captive 401k funds like this. This is a perfect example of how the 401k system is abused by Wall Street.

Grump's allocation&#8230;&#8230;zero


Oakmark Equity And Income Fund Class

Over 20% in bonds and cash equivalents&#8230;.a loser.

Grump's allocation&#8230;&#8230;zero


PIMCO Real Return Fund Class A

Bonds, when we are about to enter a rising rate environment?

Grump's allocation&#8230;&#8230;zero



PIMCO Total Return Fund Class A
(MUTF:pTTAX)

OMG! Please stay away from this bomb. It's into junk debt on leverage.

Grump's allocation&#8230;&#8230;zero


Pyxis Premier Growth Equity A
(MUTF:HPEAX)

Apple Inc (AAPL) 6.81% Express Scripts (ESRX) 4.30% Schlumberger NV (SLB) 4.13% Qualcomm, Inc. (QCOM) 4.00% Covidien PLC (COV) 3.81% eBay Inc (EBAY) 3.77% Liberty Global, Inc. (LBTYK) 3.71% Visa, Inc. (V) 3.45% Western Union Company (WU) 3.40% CME Group, Inc. Class A (CME) 3.39%

Growth? In these dinosaurs? So many mutual funds are like this. Why pay for overpriced management when you can just get a spider?

Grump's allocation&#8230;&#8230;zero



SSgA Dj Target 2015 SL
SSgA Dj Target 2025 SL
SSgA Dj Target 2035 SL
SSgA Dj Target 2045 SL
SSgA SJ Target Today SL
RG SSgA S&P 500 Ind SL


These pigs have bond exposure, the more the closer the target date.
Even if you pick the 2045 target date, your bond exposure will be increasing just as bonds progress thru a 30 year bear cycle, effectively dampening gains on the equity side.

Grump's allocation&#8230;&#8230;zero


To sum up, the options offered via 401k's suck. Nobody really has your interests at heart except yourself. You have to ignore the carrot of a company match, b/c the cost of getting entangled in a tax-deferred plan will become apparent at the time boomers want to make withdrawls. We've got trillion a year deficits with more bailouts on the horizon and there's that 6 Trillion in 401k money just waiting to be grabbed. Google "guaranteed retirement accounts teresa ghilarducci" to see what's on the drawing board.

Where to go? In Jan 1980 institutions and the public held 20% of their financial assets in bullion and mining stocks. Today that figure is less than 1%. Nobody is there. Do a Gretsky and go where the puck is going to be.
 
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