12%ayear's Account Talk

[sdouglas3]

A 50% retracement on the S&P 500 is 1492. Watch for this support if it holds then it should be a good buying opportunity. If it doesn't then 1470 should be the next support area. JMO

I'm going to start buying small percentages today.

 

[sdouglas3]

It's 5 minutes until I make a decision to buy. Looking at the markets, I'm going to remain in cash for now and see how this pans out.

 

[Geaux4it]

If the market fails to hold 1490, it's predicited to slide considerably lower DOWN! I have reached for the handle and have EJECT-EJECT-EJECT

Geaux

 

[12%ayear]

I am happy the loss in the I FUND did not hit 3%. My balance looks like sometime in May. Should ofs and ifs do not count and I refuse to use them. In a way, this sell-off was good, to shake-out many permabulls and make the markets cheaper for the new money. We have seen this in Feb. and I made a killing in that timeframe when many sidelined. Everything is oversold. The only concern I have now is the US Dollar. It is hard to get into the I Fund with that element and the FV crap. Does this suck? sure What do I do? remain strong and do not be afraid to swing-trade the markets. I wrote about this sell-off coming and did not listen to myself, Chased the last morsel and got burnt.Now everyone is saying 13000s instead of 14000s funny. I still think, we are in a better postion now, that the FED will have to cut rather than hike. This alone will be huge news. The markets did the dirty work for the FED. They know real estate sales are bad and borrowing is a problem, so they cannot make it harder for businesses and regular folks to borrow or they risk a ressicion.

 

[Birchtree]

I think there may have been a lot of shorting in today's market from hedge funds and odd lotters now that the up tick rule has been lifted. The trap may be set for a 400 point rebound - that would shake things up in a serious way. The release of the GDP data may surprise. I can hear the little feet of millions of Chinese sending their money to buy stocks. Smack me another 50 points on the open and I'm in over my eye brows.

 

[nnuut]

I think I said that today, but not nearly as eloquently as you of course.

 

[wht00ss]

I think there may have been a lot of shorting in today's market from hedge funds and odd lotters now that the up tick rule has been lifted. The trap may be set for a 400 point rebound - that would shake things up in a serious way. The release of the GDP data may surprise. I can hear the little feet of millions of Chinese sending their money to buy stocks. Smack me another 50 points on the open and I'm in over my eye brows.

Well we only have 452 points to go there Birchy!! I'm just trying to remember the last 400 point up day. My memory isn't as good as it used to be. Oh well, it sure would be nice. I hope we aren't counting on the chinese to give us that old bump. :blink:

xie xie

white

 

[wht00ss]

Hey 12%, I know you are an animal lover, did you hear about the cat named Oscar who would go to the room of dying patients in the hospital whose time was near and stay with them till the end?? They are supposing he can sense/smell the immminent moment is on hand. He is like 25 for 25 with this instinctive behavior.

Currently being written up in the medical journals. Will wonders never cease.

white

 

[poesraven]

I have a black cat Hades.He whispered to me yesterday that Oscar the cat was cozied up to the markets yesterday.

 

[wht00ss]

I have a black cat Hades.He whispered to me yesterday that Oscar the cat was cozied up to the markets yesterday.

You should take your brand of humor on the comedy circuit. I daresay you will be as successful as the market was yesterday.

white

 

[sdouglas3]

I'm buying a small percentage today based on a quickly oversold market. Once the shorts are done and start covering this market will rebound somewhat. It may be nothing more than a dead cat bounce though. If it continues to go down then I will look at buying at support levels. Buying the C,S and I funds.

 

[USNAVYRETIRED]

12%... What's your outlook for Monday? I've only got 34 days until FERS retirement and I'd like to get back some of what I lost this week, but at the same time, I don't want to loose any more! You think the C & S will rebound on Monday?

 

[12%ayear]

I was out all day. I am going to stay fully invested. OSMs and USMs are very oversold. I am thinking of doing a 50/50 S and I until Dec.31. Hate to see a rally and be left behind. Too many bears out there now. This is a postive. All the bad news is priced in.

 

[12%ayear]

Hey 12%, I know you are an animal lover, did you hear about the cat named Oscar who would go to the room of dying patients in the hospital whose time was near and stay with them till the end?? They are supposing he can sense/smell the immminent moment is on hand. He is like 25 for 25 with this instinctive behavior.

Currently being written up in the medical journals. Will wonders never cease.

white

yes, animals are smarter than humans.

 

[12%ayear]

The best thing to do is 50/50 I and S Fund and come back Dec.31th. I changed my mind about the markets lately. It seems the correction is here and we just have to ride it out. I know it sucks, but sidelining now is insane. Remember the bad news is already priced in. The real estate market is experiencing what NASDAQ did in March 2000. Everyone was flipping and banks were being careless and lending. Now, the markets have to make adjustments. This was old news in the beginning of the year about sub-prime and homebuilders warning. However;OPEC knows that they need to drop prices or it will backfire. The Fed has to cut to create business for lenders. Remember that is what the FED does. It seems we are giving back 2-3 months of gains. What a waste of time,if you stop and think about it. All that rushing to beat the noon deadline and the gains are erased in a matter of days. Part of doing business. I still think we will rally hard now into 2008.

 

[pyriel]

The best thing to do is 50/50 I and S Fund and come back Dec.31th. I changed my mind about the markets lately. It seems the correction is here and we just have to ride it out. I know it sucks, but sidelining now is insane. Remember the bad news is already priced in.

Is it not kind of insane to stay in knowing that the seasonality for August is one of the worst months within the year?
P

 

[12%ayear]

Is it not kind of insane to stay in knowing that the seasonality for August is one of the worst months within the year?
P

sure, however; it is possible that because of this big correction we are having in July, it could turn out to be one of the best months of the year

 

[12%ayear]

SEE YOU NEXT YEAR GUYS!!! I AM TAKING THE 50/50 APPROACH I AND S FUND UNTIL DEC.31th. SEE YOU IN 2008

 

[Wolverine]

The best thing to do is 50/50 I and S Fund and come back Dec.31th. I changed my mind about the markets lately. It seems the correction is here and we just have to ride it out. I know it sucks, but sidelining now is insane. Remember the bad news is already priced in. The real estate market is experiencing what NASDAQ did in March 2000. Everyone was flipping and banks were being careless and lending. Now, the markets have to make adjustments. This was old news in the beginning of the year about sub-prime and homebuilders warning. However;OPEC knows that they need to drop prices or it will backfire. The Fed has to cut to create business for lenders. Remember that is what the FED does. It seems we are giving back 2-3 months of gains. What a waste of time,if you stop and think about it. All that rushing to beat the noon deadline and the gains are erased in a matter of days. Part of doing business. I still think we will rally hard now into 2008.

Ya know, I wonder if this approach now for the rest of the year could be the way to go given what you are saying here and all.

I am still ahead for the year but down 3/4 of the total YTD.

The whole situation was brewing and I knew it as most of us did I am sure.

Ya got me thinking about it.

Thanks 12%

 

[Spaf]

12%,

Ya might want to check out Rev. Shark! When the market gets in overbought conditions, it's high risk, so is it when Ur 100% equities.
Buying low and selling high does not mean U get tops and bottoms!
It's like trapping! U set the trap.....and let the game come to U.

Spaf

SEE YOU NEXT YEAR GUYS!!! I AM TAKING THE 50/50 APPROACH I AND S FUND UNTIL DEC.31th. SEE YOU IN 2008