Birchtree's Account Talk

[Show-me]

Re: Birchtree's account talk

you ain't dead yet! Lol happy birthday!

 

[Birchtree]

Re: Birchtree's account talk

Thanks everyone for the best wishes. They say now that 60 is the new 50, so 70 will be the new 60 - sounds good to me. I've got a lot more money to loose and make over the next 30 years.

 

[Birchtree]

Re: Birchtree's account talk

I remember back in the late 1970s when the utility industry was getting bombed out and the Elephant Congress allowed any dividend reinvestments into utility stocks to be tax free. A strategy like that with the banking industry would probably help restore some confidence and besides I'm loaded up now with all this banking toxic waste and could certainly use a few breaks on my dividend income - especially if that inexperienced clown is going to raise my taxes.

 

[Birchtree]

Re: Birchtree's account talk

Just finished my buying for today. I bought some more MER, AIG, FDP, USB, BAC, BBT, WB, FNM, C, BCS. I hope I'm done for awhile until I can lock a few profits. Oil looks nice today down $3.45 to $121.19 - this market can easily place a record up day at any moment and you have to be in to win. I'm riding the train all the way from San Diego to NYC - never getting off. Snort.

 

[Steadygain]

Re: Birchtree's account talk

I remember back in the late 1970s...

You and me both my friend.

Investments in Federal Reserve Notes - guaranteed at 15% (and I believe the Bonds offered the same kind of deal).

That was when housing was minimum 8.125% for the best of Loans but with the higher rates came far better options.

Somewhere down the line it has to get better. The population as a whole is going to have to force those with nothing - that act like they have limitless acounts - to stop spending beyond their means. Credit Card companies are going to have to stop fueling this endless waste. But down the line the "responsible" will likely make sure most of the central underlying issues are resolved.

Maybe it's all wishful thinking - but deep down it's how I believe.

 

[Birchtree]

Re: Birchtree's account talk

I stated two years ago, actually ranted, that the Fed was intent on destroying the housing market with their pre-emptive rate increases - they did a great job. The Fed has never been my friend - I learned many years ago to never trust them. Watch what they do and don't listen to anything they say. They will be forced to hold rates steady for the rest of the year unless oil continues to drop with a strengthing in the dollar they may actually cut one more time to help promote growth and further heal the option ARM market. I'm buying more home builders and building material stocks for the next cycle. Right now is a golden buying opportunity to feather my retirement nest - keeping that longer term perspective.

 

[Birchtree]

Re: Birchtree's account talk

"To add perspective to current market conditions, we have compiled information summarizing past bull and bear market cycles since 1960. Since then, there have been 11 bear markets with each followed by new long term bull markets....investors are always faced with intensely negative news and many times a "crisis atmosphere" which pushes stock prices temporarily lowers; second, bull markets begin in the middle of all the bad news. Historically the bull markets rewarded investors with gains on average exceeding 90%. Cash levels in money funds as a percent of total value U.S. stocks equals a record high 27%. This level is higher than the start of any bull market of the past 30 years. A little improvement in the news, an end to the oil price spike and a shift in investor attitudes toward optimism will open the floodgates of money fund assets flowing into stocks."

http://www.marketwatch.com Brimelow: Pring's reasons for optimism

 

[Steadygain]

Re: Birchtree's account talk

"To add perspective to current market conditions, we have compiled information summarizing past bull and bear market cycles since 1960. Since then, there have been 11 bear markets with each followed by new long term bull markets....investors are always faced with intensely negative news and many times a "crisis atmosphere" which pushes stock prices temporarily lowers; second, bull markets begin in the middle of all the bad news. Historically the bull markets rewarded investors with gains on average exceeding 90%. Cash levels in money funds as a percent of total value U.S. stocks equals a record high 27%. This level is higher than the start of any bull market of the past 30 years. A little improvement in the news, an end to the oil price spike and a shift in investor attitudes toward optimism will open the floodgates of money fund assets flowing into stocks."

http://www.marketwatch.com Brimelow: Pring's reasons for optimism

Quote of the Week - no way anyone's topping this one

 

[Birchtree]

Re: Birchtree's account talk

I just called the IRS to inquire about the status of my missing stimulus check. I was told I didn't qualify because my adjusted gross income was too large - now that is pit city.

 

[luv2read]

Re: Birchtree's account talk

You're probably in the ATM tax range too Birch.

Like I said before....TAX BREAKS FOR MEEEEE FOR A CHANGE!

WINDFALL PROFITS TAX ON OILS!:toung:

 

[Birchtree]

Re: Birchtree's account talk

Something tells me the G7 central banks are getting ready for a concerted bank intervention with the dollar - the dollar strength will allow the Fed another rate cut.

 

[Show-me]

Re: Birchtree's account talk

Something tells me the G7 central banks are getting ready for a concerted bank intervention with the dollar - the dollar strength will allow the Fed another rate cut.

Bull Shiite! Birthdays over back to reality.:nuts:

 

[Birchtree]

Re: Birchtree's account talk

I'm saying it could be a surprise that no one is expecting and a solid market mover.

 

[Corepuncher]

Re: Birchtree's account talk

I'm saying it could be a surprise that no one is expecting and a solid market mover.

It sure would be a market mover...but so would a nuke hitting D.C.

 

[Birchtree]

Re: Birchtree's account talk

My position in ELN (Elan) is being hammered this morning so I just went to market and doubled down at $21.65 which was off $12.10. It feels so good to get more shares.

 

[luv2read]

Re: Birchtree's account talk

Something tells me the G7 central banks are getting ready for a concerted bank intervention with the dollar - the dollar strength will allow the Fed another rate cut.

Um...something like this?

European stocks gain on central bank announcement

Wed Jul 30, 2008 8:59am EDT
FRANKFURT, July 30 (Reuters) - European shares extended gains in early afternoon trade on Wednesday after three major central banks announced an enhancement of their dollar liquidity providing operations.
By 1251 GMT, the pan-European FTSEurofirst 300 index was up 1.5 percent at 1,179.94 points.
The European Central Bank said its governing council had decided, in conjunction with the Federal Reserve, to establish a cycle of 84-day term auction facility operations.
Upbeat U.S. jobs data also supported gains in European stocks. (Reporting by Eva Kuehnen)

 

[Birchtree]

Re: Birchtree's account talk

"I would say that the institutions are doing a very good job of fooling the majority of traders/investors into thinking that we are in a bear market. I believe that both the bear market and the recession is a sham."

http://www.thechartpatterntrader.com by Maurice Walker

 

[Steadygain]

Re: Birchtree's account talk

"I would say that the institutions are doing a very good job of fooling the majority of traders/investors into thinking that we are in a bear market. I believe that both the bear market and the recession is a sham."

You are da Man - Birch - you are da Man

I'd say these are just "crappy conditions" we have to deal with for a little while and that the correction is largely over.

I agree - the term Bear and Recession are largely over used - they are the "catch all" phase to use when things seem stale or sour.

 

[Buster]

Re: Birchtree's account talk

You are da Man - Birch - you are da Man

I'd say these are just "crappy conditions" we have to deal with for a little while and that the correction is largely over.

I agree - the term Bear and Recession are largely over used - they are the "catch all" phase to use when things seem stale or sour.

 

[XL-entLady]

Re: Birchtree's account talk

"I would say that the institutions are doing a very good job of fooling the majority of traders/investors into thinking that we are in a bear market. I believe that both the bear market and the recession is a sham."

http://www.thechartpatterntrader.com by Maurice Walker

Um-m-m-m..... Does Mr. Walker have Attention Deficit Disorder? :laugh:

Lady