Birchtree's Account Talk

I have no idea what happened, but what if this was you???

Well we all know it will probably happen again, and again.

I'm sure I wouldn't like whatever he said but I'll add this for good measure: +200 on the Dow today.

Employment numbers, a fresh dose of cash from ECB and acceptance on the terms of the greek bailout collectively have the sweet smell of superlative bull manure. No time like the present, when the Grand Trunk leaves the station it waits for no one. :)

Good luck on your vacation Birch hopefully you and Mindylou can dig up more excellent wallflowers.
 
I see BT is banned again. Time out for birch until he learns not to say what he Knows he shouldn't be sayin'.
Exactly. It's just for 2 days (this time) but he's been warned over and over. His crude remarks trigger a string of replies that become a cancer to the board.

I'm closing his thread until he's back.
 
Oh, bummer. Just the sound of it got me banished for two days - I probably hold the banishment record now. Sheesh....

Alright, this is what the oceanic did last week: -$35K, -$103K, +$46K, +$60K, +$50K for a grand total mof +$18K. Hope I can do better next week.

So I'll try to stand up and walk straight - I'll stay away from hugs and camel toes.
 
A few words of wisdom from somebody. "The danger in volatile markets lies not just in the volatility itself, but also in how investors react to it. However quickly or often it happens, stock prices will continue to go up and down this year. Investors who diversify their portfolios broadly and hew to a strategy designed for long-term success, will likely weather those ups and downs with less angst, and likely less loss, than those who attempt to time the market's inevitable gyrations. Market volatility may not be unavoidable, but it is usually manageable."
 
"Going all the way back to 1928, the current bull market ranks as the ninth longest ever. Even more impressive is the fact that of the nine bull markets that lasted longer, none saw a gain of 100% during their first three years. Based on the history of prior bulls that have hit the three year mark, year four has also been positive.
 
From my friends at TWSJ. "Megacaps'chronic underperformance has left many investors with the impression that small caps are where the action is. But shorten your time horizon, and small caps look far less attractive. During the past five years, the R2K returned 10.6%, just 1.8% more than the S&P 100. And during the past 12 months, megacaps have jumped 6.9% while small caps have lost 0.9%. That is partly because valuations now favor megacaps." I'll talk about it later.
 
Now where was I - oh yes. "At the end of February, the S&P 100 had a 12-month forward price/earnings ratio of 12.1, while the Russell's multiple was 15.4. That means investors are paying 27% more for small caps based on valuations. Since 1999, when the premium was greater than 25% at month's end, megacaps have outperformed small caps by an average of 3.7 percentage points over the following 12 months. With the market likely to oscillate between periods of fear-inspired selling and all-is-well buying, megacaps are likely to provide investors with a smoother ride. During the past five years, megacaps have been only about three-quarters as volatile as small caps."
 
I have my wisper number for March - but right now I'm still -$18K in the hole but that will change promptly I'm sure. With 15 trading days left I could be up well past the $300K mark. I need to be thinking about raising some cash to give to my friends at the IRS - my margin account running forced me to take way too much profit last fall - but one has to do what one has to do. And now I have tp pay up.
 
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