Birchtree's Account Talk

[tsptalk]

Thought you'd like this, B...

Dow `Super Boom' to Drive Average to 38,820 by 2025, Hirsch Says

"The Dow Jones Industrial Average will surge to 38,820 in an eight-year “super boom” beginning in 2017, according to Jeffrey A. Hirsch, editor in chief of the “Stock Trader’s Almanac.”

 

[Warrenlm]

What's that in today's dollars?

 

[Birchtree]

Thanks Tom - I'd seen it earlier. Stuff like that will only cause anxiety among those sitting on the sidelines to increase. All I have to do is sit tight with my base and add up the dollars - but I can't sit still. I need to continue to build my small fortune. I remember a saying from years back - "you are not worth your salt unless you build a small fortune and then loose a small fortune - only to rebuild it again." That's where I'm at. I think Tepper has it right with the animal spirits ready to kick into high gear.

 

[Birchtree]

Oh shame on me. I noticed that 13 folks were loading up on the S fund COB so may they experience the blessing of paying $18.50 a share. I know I shouldn't act this way but there is always a price to pay when you chase momentum - I'd do the same thing if I wanted more C fund. At least I'm not using the term mollusk. Snort.

 

[Elgallo]

I think Tepper has it right with the animal spirits ready to kick into high gear.

I saw that interview. It got my attention. Like it or not the either the markets recover and prosper OR govt will intervene.

 

[Afishegg]

I saw that interview. It got my attention. Like it or not the either the markets recover and prosper OR govt will intervene.

Yeah?..well..The governments running on fumes... so, how far can that get us?

 

[Elgallo]

Your guess is as good as mine Fish.

 

[GUCHI]

Yeah?..well..The governments running on fumes... so, how far can that get us?

Soooo! is that why there is a bill to put all govt employees on a mandatory furlough?

 

[Afishegg]

Quote:
Originally Posted by Afishegg
Yeah?..well..The governments running on fumes... so, how far can that get us?

Soooo! is that why there is a bill to put all govt employees on a mandatory furlough?

Hey...Your smily face lined up with my smiley face!

 

[Afishegg]

Soooo! is that why there is a bill to put all govt employees on a mandatory furlough?

Your gonna think furlough in about 7 -10 yrs from now!

 

[Scout333]

Interesting commentary by David Tepper, Hedge Fund guru. Avg. return 40% the last ten years. Heavy into financials starting March 2009. Gist of commentary is that equities are a good bet because a. the economy will get stronger on its own or b. the government will pour money in which will cause the economy to get stronger. Either way is good for the equities market. Good read! Usual disclaimers.

http://blogs.wsj.com/marketbeat/2010...econd-quarter/

 

[crws]

Hey!
Where'd you go?
I was just getting used to the uber-bullish company!

 

[Elgallo]

Interesting commentary by David Tepper, Hedge Fund guru. Avg. return 40% the last ten years. Heavy into financials starting March 2009. Gist of commentary is that equities are a good bet because a. the economy will get stronger on its own or b. the government will pour money in which will cause the economy to get stronger. Either way is good for the equities market. Good read! Usual disclaimers.

http://blogs.wsj.com/marketbeat/2010...econd-quarter/

That's what I'm a talkin about!!

 

[Birchtree]

"Turning our attention to the U.S., despite pervasive atmosphere of doom and gloom over the domestic outlook, three out of four of the most important leading economic indicators are pointing to an improved outlook in the months ahead. With the 4-year cycle now bottoming and the 6-year cycle peaking later next year, the period between fourth quarter 2010 and fourth quarter 2011 hold forth the potential to be one of additional recovery in both the financial market and the economy."

http://www.safehaven.com/article/18341/the-global-economy-and-the-4-year-cycle

 

[Birchtree]

I hope this is not going to turn out to be the same pattern as yesterday - giving it up on the close. We should rock right up through SPX 1150 to set the tone for the rest of the week. Then they can send in the assassins for early October. I'll be moving 10% to the lily pad soon and then probably another 10% later - just in case the 4-year cycle still creates stress before totally bottoming.

 

[Birchtree]

I just learned that yellow back jimmy is in the hospital. This is the best information I've had in many years and there are 55,000 on the Wall waiting for this worm to join them. And the sooner the better. These are my personal feelings and I have my reasons.

 

[Birchtree]

As a Vietnam veteran I wish I could protest at his funeral the way his minions did to me when I came home in July 1969. There I've said my piece.

 

[Birchtree]

"That long-term downtrend line at S&P 500 1160 won't be easy for the bulls short-term. If they can eventually work the market through this long-term downtrend line it opens the door to much higher levels, and one could say a bull market."

http://www.marketoracle.co.uk/Article23046.html

 

[Steel_Magnolia]

When I did my IFT today I put a couple of % in C Fund in your honor.

Maggie

 

[Birchtree]

http://pragcap.com/jeff-saut-next-stop-the-april-highs