Birchtree's Account Talk

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Re: Birchtree's account talk

Birchtree said:
All, my light is always on - especially the front porch.

"The S&P 500 remains within a clearly defined up trend, and last week's selling on Thursday, which was only the 8th worst day since the March 9th bottom, did little to damper the bullish enthusiasm that has persisted for the past 3 months. The uptick in the 'Dumb Money' indicator and the extremes in the Rydex asset data would suggest continued byuing on the dips. The upward bias in prices remains until the extremes in bullish setiments are unwound."

http://safehaven.com/article-14642.htm
Click to expand...
Yes Sir, That's the way it was, October 5th, 2009. GJ BT!:cool:
 
Re: Birchtree's account talk

Birch: That last post you wrote sounded like a Red Roof Inn commercial.

"We'll keep the light on for ya.":)
 
Re: Birchtree's account talk

I posted yesterday an article saying the market is set to make a very big move. We are up 117 on the Dow in the first 45 minutes - will we get stronger as the day gets longer? I think so.
 
Re: Birchtree's account talk

I thought about doing some buying today but decided to let Ferdinand run and I'll play catchup tomorrow. Currently have my second ever $100K week - now I have to hold the gains until Friday. For most people the biggest risk is missing the rally extension. I'm in up to my neck buried in the sweet smell of superlative bull manure - the more you have in the more you can win. The VIX is not making me nervous yet - simply have to hold until December.
 
Re: Birchtree's account talk

Hey Birch. This might be the 3oo p0int rise in the d0w you have been l00king f0r. I h0pe you get it. 0thers may agree.:D
 
Re: Birchtree's account talk

Birchtree said:
For most people the biggest risk is missing the rally extension.
Click to expand...

Birch, you collecting names of the members that are bear raiding, fear spreading, hoping and wishing for a collapse of S&P 500 company communist wishing po-dunk livin' losers on this board that can't see the productive side of this economy? :)

I was in Chicago this weekend and it was rockin'... downtown showed zero signs of this recession... lines out the wazoo for great restaurants, Soldier Field sold-out. DC is bustling too. I just don't see the doom and gloom other than the Peter Schiff's of the world. I think the 90.2% gainfully employed will lead this 9.8% to better days. Those rooting for a downfall of the US and our economy should be ashamed of themselves.
 
Re: Birchtree's account talk

Well Birch ----- I'm heading home and breathing a sigh of relief :)

Wanted to know if you still feel the same as last week ??

Do you still consider Communism or Socialism a healthy and acceptable alternative to Democracy ??

or have your views changed ??


Good night all !!
 
Re: Birchtree's account talk

Steady,

I'm sure being over worked has you confused with me and the 350Z man. I'm looking for another good market day tomorrow. We just came off a 6 of 7 down days and now it's reversed to the upside. I plan to be buying and paying a little more is my privilege. The 10,000 level may fall without resistance and will create further anxiety for those still sitting on the cash lines. It's time for the bull to run without compunction.
 
Re: Birchtree's account talk

BT, You had made a comment a few weeks ago suggesting (my interpretation) that those folks heavy in the I Fund might want to shift to US equities. I've moved in that direction somewhat, but would like your thoughts on the I fund in today's market.
 
Re: Birchtree's account talk

Rube,

You have to know that I'm a contrarian and that will be my perspective. Everyone is now bearish against the dollar and that could be a mistake - when it has finished basing it can jump with a vengeance. The I fund is impacted by a daily dollar fair valuation and that can also change or end up having limited impacts. As the dollar remains weak the C fund type large companies will generate more and more (40%) of their profits from overseas. The euro and yen folks will start to have problems with their exports and that will weaken the profits of the I fund companies separate from the dollar angst. Now would be a good time to ease back on the I fund - especially while the sun still shines. Anticipating changes that are not evident yet make for exciting investing - be early and be first. Those are my thoughts and I have positioned myself accordingly - only a hedge in the I fund (15%), (20%) in the S fund and (65%) in the C fund. When the VIX drops below 20 I will shift my tugboat (TSP) into the G fund for awhile and not participate in the revelry of the holidays 'cause it will be a top before a major correction.
 
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