ATCJeff's Account Talk

Moderate to High risk move...

Decided to move 50 C and 50 S. Looking for a bounce tomorrow. Could this be our buying op? Dunno but were 65 pts of the high for the S&P. Which is around 4.5%.
 
Today was a nice surprise. I do not think anyone thought we would end today at +285 pts after Friday. I moved to the I fund for tomorrow. Looks like this might payoff if the OSM follow the USM lead. <crosses fingers>

Jeff
 
Today was a nice surprise. I do not think anyone thought we would end today at +285 pts after Friday. I moved to the I fund for tomorrow. Looks like this might payoff if the OSM follow the USM lead. <crosses fingers>

Jeff

Birch did (but then again, Birch expects a 343 pt dow day everyday :laugh:)
 
It's really amazing how hard it was to make a move to 100% G this morning. Put me in the corner, I'm throwing in the towel. I want to see a stable bottom form before I move back in 100%. I may throw a little here and there, but for now I'm on the sidelines. What a market. I'm black and blue from the abuse.

I'm guessing I'm down around 8%. I'll look tonight. Should have listen to 12 when he said he was done for the year. Would have been a smart play. Anyway this market will return. When? That's the million dollar question.
It's been a long time since we've seen the market behave this way.

Jeff
 
Tom,

Your going to get your 10% correction! It's on the way. Retail in the next couple of weeks will start reporting downturns just like HD and Wallyworld!

Jeff
 
Risk vs. Reward is very high. I'm staying in the G. Monday will tell us the story. We can all wait a few days.
 
I have much respect for Griffin and Comm. So against my better judgement, I'm all in on the I fund. Like Griffin said, they'll print more!

Jeff
 
So far Asia looking great! Will probably move some to the G fund Monday. How much? Don't know at this point. We have Dean still moving west, which should help Texas. I moved to the NW could cause market concern Monday. We still have the credit issues. That's bad. I'm wondering if the Feds will step in again this week and cut the Discount Window rate even more. Things to consider.

It hurts to lose 10%, but we have to remember to take the same approach we were taking before this correction. Were not going to get all 10% back in one week. Most likely it will take the rest of the year. With this in mind, 1-2% gain for Monday would be a foot in the right direction. Also, it may be a sign to move to the sideline and see if we retest the lows of last week.

Things to ponder.....
 
If you've got sticky pants for the Fund - no wonder you don't see rates coming down. 100% on a 25 basis point cut and probably a 50 basis point cut to help housing. I'm looking for a concentrated effort by G7 to start buying the dollar - interesting. I'm not allowed in the Griffin thread - he loves me too much.
 
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