Birchtree's Account Talk

[Birchtree]

Peter Boockvar of Miller Tabak has turned bullish from bearish. He says that the money management community is under invested and that the hedge funds exposure now stands at just 18%, the lowest since March 2009. Now that is excellent news. Fear is what is keeping them out - just what the bull ordered.

 

[crws]

there's still Fuddruckers?
DIY hamburglers?

Birchtree hot news: Luby's to complete purchase of Fuddruckers.

 

[Birchtree]

It would appear that the softness in the Dow is related to IBM. The NYSE is showing relative strength with no fear in the VIX. I'm hopeful for the close.

 

[wv-girl]

It would appear that the softness in the Dow is related to IBM. The NYSE is showing relative strength with no fear in the VIX. I'm hopeful for the close.

Hi Birch,,

Rarely does one see the dollar up along with commodities. This can't be good in the long term.

 

[Birchtree]

I believe a stronger dollar means a stronger economy and a stronger stock market.

"The 10.3% growth China saw in the second quarter will likely be topped in the second half."

http://www.marketoracle.co.uk/Article21249.html

 

[Birchtree]

Not to be political but when you provide people something for nothing, they'll vote for you.
Watching the VIX drop into the 23 range - that bodes well for a higher close.

 

[Birchtree]

Working our way toward the 200 EMA on the Dow at 10,221. I bet we take it out.

 

[Birchtree]

If fear has locked you out of the next eight trading days - you have my sympathy. The bull has you right where he wants you - missing an important leg to the upside. But it's only money. The Dow will take out 10,350 probably tomorrow. Stocks above their 50 day moving averages are beginning to expand from their low of 28% - the bull won't stop until the 90% level is reached.

 

[wv-girl]

No fear here, Birch. No nerves of steel, like you either. I did jump 25% in C fund today. Taking less risk than I used to. I am not looking for a home run, but just enuff to keep the acct going up a little faster than what the G fund offers.
Good to see you haven't wavered from your beliefs. Always the bull. That is what I like about you.

 

[Birchtree]

My heat seeker has been turned on and is directed towards tracker #79 with a 3.14% gain - now if he just sits still I'll have a chance to catch him. Today should get me back into the positive zone. Being right or wrong at today's critical juncture will make or break the rest of the year.

 

[crws]

the helicopters are being readied on the pad.

[SIZE="2][URL="http://finance.yahoo.com/news/Fed-chief-focused-on-keeping-apf-498737816.html?x=0&sec=topStories&pos=5&asset=&ccode="]http://finance.yahoo.com/news/Fed-chief-focused-on-keeping-apf-498737816.html?x=0&sec=topStories&pos=5&asset=&ccode=[/URL][/SIZE]

 

[Birchtree]

http://www.safehaven.com/article/17555/divergences-are-important

 

[Birchtree]

"A major reason so many have fallen out is the Obama administration initially pressured banks to sign up borrowers without insisting first in proof of their income. When banks later moved to collect the information, many troubled homeowners were disqualified or dropped out." So many NINAs (no income no assets) means fewer votes for donkeys.

http://www.safehaven.com/article/17567/obama-mortgage-assistance-plan-complete-failure

 

[Birchtree]

Checking the loss in my oceanic account tells me the hit looks worse than the bite.

 

[Birchtree]

Unusual Uncertainity - such a nice wall of worry to keep the bull happy.

 

[amoeba]

My heat seeker has been turned on and is directed towards tracker #79 with a 3.14% gain - now if he just sits still I'll have a chance to catch him. Today should get me back into the positive zone. Being right or wrong at today's critical juncture will make or break the rest of the year.

You talking to me? You talking to me? well, I don't see anyone else here? Just who are you talking to?

I ain't sitting no still, and no you aren't gonna catch me. I am predominantly in F-fund; cashing in a little on today's humongous bounce there, whilst you go the other way.......as soon as you are 6% below me again, I may follow your lead....but not now.

 

[JTH]

My heat seeker has been turned on and is directed towards tracker #79 with a 3.14% gain - now if he just sits still I'll have a chance to catch him. Today should get me back into the positive zone. Being right or wrong at today's critical juncture will make or break the rest of the year.

Really? If you catch me this year, I'll pay for your TSP coffee mug, consider that a bet...

 

[Birchtree]

The other day I counted 128 members sitting in the G and F fund that were ahead of me on the tracker - that's going to be easy pickins on the way up. Not much rocket fuel required to provide the boost from this point forward.

 

[SWAVET]

Really? If you catch me this year, I'll pay for your TSP coffee mug, consider that a bet...

Only 5% diff. between both of you. I vote for you Birchtree :nuts: - make sure you get a fresh horse.

 

[Birchtree]

The SPX now at 1088 is above the down trend line and heading for the 50 EMA. As soon as the VIX drops into the 23 level could bring another 100 points to the Dow. That would put us close to Dow +251 which would be a good day. Low consumer confidence means high stock returns per historical data.