Birchtree's Account Talk

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Bull markets are usually assassinated by tight monetary policy - we are a long, long way from that scenario. With the VIX now back above 21 we have finally enough downside work to construct a stronger sentiment foundation that could support a more sustainable rally well into new bull market territory. The consolidation has been orderly and sweet - we needed this pain for a more healthy future of the bull. If it don't hurt it won't result in a gain.
 
Birchtree said:
Bull markets are usually assassinated by tight monetary policy - we are a long, long way from that scenario. With the VIX now back above 21 we have finally enough downside work to construct a stronger sentiment foundation that could support a more sustainable rally well into new bull market territory. The consolidation has been orderly and sweet - we needed this pain for a more healthy future of the bull. If it don't hurt it won't result in a gain.
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Technically you may be correct, but why would anyone who has driven this market down (I guess the bulls) want to start feeding their money into the market with all the uncertainty out there?
 
My friend it's a purrfect time to buy income for life. I have dividends coming in all month for reinvestment and that buys me more shares at lower prices. I'm not ready to excercise any sales yet to raise cash to buy more wall flowers - keeping my greed factor under control for now. But the time may arrive when the opportunities are just too overwhelming to resist - like in November 2008.
 
Birchtree said:
My friend it's a purrfect time to buy income for life. I have dividends coming in all month for reinvestment and that buys me more shares at lower prices. I'm not ready to excercise any sales yet to raise cash to buy more wall flowers - keeping my greed factor under control for now. But the time may arrive when the opportunities are just too overwhelming to resist - like in November 2008.
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That sounds great and I hope you are correct.
 
Birchtree said:
Currently I'm still up from yesterday on today - that ain't so bad with the weakness we're seeing. Perhaps the oceanic account has seen the bottom. Who in their right mind gives a sh!t about those pinky Greeks - let'm eat cake. Those dumb kids rioting should be ashamed. Reminds me of the Vietnam draft dodgers - what a selfish bunch.
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+1 :)
 
They held back FV yesterday so it should soften the blow a little. Now that the dollar has rallied strongly it will begin a give back. I actually believe in a stronger dollar with a stronger economy and a stronger market all correlating together - I'll have to wait a little longer, perhaps into 2012. In the meantime I'll hold my I fund position.
 
Right now most technicians are waiting for capitulation volume to signal a final low has been placed - and since the market likes to deceive I wouldn't be surprised to find that today was the bottom. Now that would be classic to catch many short hairs on the wrong side and forced into covering their positions. Snort.
 
Ah, finally some good news. U.S. stock fund outflows hit 9 month high as more investors cash out. The public (mom and pop) turned tail on stocks last week at a pace not seen since last August, as the markets continuing slide wore down investor confidence. In a lighter note - Obama: If I were Weiner, I'd resign. Birchtree: If I were Obama, I'd resign.
 
I just don't see the S&P 500's 200 EMA holding up. There's too much potential bad news coming up and only 2 points of breathing room atm. Like I've said in other posts, we need a great number tomorrow for Initial Claims. Something along the lines of 380,000 or lower would shock the market and bring the bulls back out. If we can make it into the weekend above the 200 EMA then the Bulls got a chance. Otherwise once that 200 EMA cracks lower prices are virtually guaranteed.
 
Go ahead flush the toilet - I can take lower prices. I've prepared myself just in case. The real danger will pop up when and if we get a death cross with the 50 EMA crossing down into the 200 EMA. Until then I'll just enjoy the misery because we are setting up for the next leg higher. And my asset base will remain intact.
 
And the revolution continues - the Republican revolution of course. So apparently socialism in Greece has run out of other people's money and no longer works - so why does Obummer persist with policy failures? I'll tell you why - it's because he is left brain oriented.
 
I have 18 pleasant dividends due for reinvestment today - so I'll have to try and keep a tight rein on this potential rally. Even so after yesterday pricing is excellent. Gimme more shares and more income for September when the cycle repeats. What an opportunity.
 
Birchtree said:
And the revolution continues - the Republican revolution of course. So apparently socialism in Greece has run out of other people's money and no longer works - so why does Obummer persist with policy failures? I'll tell you why - it's because he is left brain oriented.
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You're right about that Birch...... It's amazing to me that the Lefty Pols are so wedded to their philosohies!! No amount of contrary evidence will change their minds.... We are within a few years of becoming Greece, but our POLS in DC refuse to see it. Sorry this is probably the wrong thread for this!
 
Dutchy said:
You're right about that Birch...... It's amazing to me that the Lefty Pols are so wedded to their philosohies!! No amount of contrary evidence will change their minds.... We are within a few years of becoming Greece, but our POLS in DC refuse to see it. Sorry this is probably the wrong thread for this!
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And it can be also mentioned:

Absolutly! And it's also amazing to me that the Righty Pols are so wedded to their philosohies!! No amount of contrary evidence will change their minds.... We are within a few years of becoming Greece, but our POLS in DC refuse to see it. Sorry this is probably the wrong thread for this!

As ya see I'm fed up with them ALL!
 
For those interested in individual stocks:

http://www.marketwatch.com/story/8-reasons-you-stink-at-trading-stocks-2011-06-16

http://www.marketwatch.com/story/11-reasons-stocks-will-storm-back-soon-2011-06-16

Check out this concept. My oceanic account has 326 stocks as part of its' base. Let's say 300 of these individual stocks pay a dividend 4 times a year - that's 1200 dividends per year and 6,000 dividends over 5 years. That's some nice cash available for my retirement expenses. And I'll probably grow even more because all my dividends are currently being reinvested buying more shares - that's an autopilot I like.
 
Here's one for you Birch!:D

June 16, 2011, 12:01 a.m. EDT
11 reasons stocks will storm back soon Commentary: There’s cause for concern, but not all doom and gloom
By Jeff Reeves

ROCKVILLE, Md. (MarketWatch) — Things have been bleak on Wall Street lately and many investors are wondering if they should call it quits. After all, it’s been a pretty good run on Wall Street across the last 18 to 24 months.

Don’t do it. The next leg up for stocks could be even bigger.
http://www.marketwatch.com/story/11-reasons-stocks-will-storm-back-soon-2011-06-16
 
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