Birchtree's Account Talk

[Birchtree]

Birinyi says SPX of 1900 by the end of the year gives me positive willies - hard to dare imagine the potential gains that may build. But I'll bravely accept those gains and leverage them to buy even more wall flowers with margin. This is a slow and sure process the bulls continue to add to their strength, while at the same time, people like RMI continue to look for reasons for a top. The expectation of a rest period has so far not materialized. Rest periods might be an impossibility with all the liquidity hitting the markets over the next eight months. I now have 79 dividend increase announcements ytd - so money is still coming my way. I expect I'll start seeing more take overs and stock splits. The higher up we go in price the point percentage moves for the average stock will start to increase in amplitude - yes I want amplitude to go with my asset bubble. I'm following my dream and to make money in the stock market is important to follow the trend.

 

[RealMoneyIssues]

Not looking for a top, just looking for a better price than the highs of the market. Just wanted to clarify your comment.

Buying high is not part of the plan, right Tom (Buy Low Sell High)?

 

[Birchtree]

The high today may be a low next week - as the market pushes higher in a parabolic manner. WFM just announced a 2 for 1 stock split - there will be many more.

 

[Birchtree]

I worked in my yard all day today - so tomorrow I'll have on my bull horns again. Why would I wear anything else.

 

[MrBowl]

I worked in my yard all day today - so tomorrow I'll have on my bull horns again. Why would I wear anything else.

Because your neighbors might call the police?

 

[Frixxxx]

Because your neighbors might call the police?

His neighbors only call the cops when he's executing a "naked option"!

 

[Birchtree]

"There are trillions of dollars parked in bonds, that if moved into equities could make 16,000 happen in the blink of an eye, and 17,000 and higher all too easy to accomplish."

http://www.marketoracle.co.uk/Article-40345.html

 

[Frixxxx]

"There are trillions of dollars parked in bonds, that if moved into equities could make 16,000 happen in the blink of an eye, and 17,000 and higher all too easy to accomplish."

http://www.marketoracle.co.uk/Article-40345.html

And that would only be 13-14% from here.....DOABLE!

 

[Birchtree]

I need to find the latest article by Tony Caldero. Everything is coming together - overwhelmed and dazed - absolutely amazing. Keep looking for breakdowns, and there aren't any - very 3rd wavish in all respects. 3rd waves are special.

 

[Birchtree]

"Stock market is now the most overbought in four years."

http://www.marketoracle.co.uk/Article-40369.html

 

[RealMoneyIssues]

"Dow 15,000? Try 116,200"

Dow 15,000? Try 116,200 - Chuck Jaffe - MarketWatch

 

[Birchtree]

Everyone seems to be waiting for some kind of retracement that may be hard and fast - perhaps the give back today is all we'll get. Any consolidation that might take place would be part of an uptrend, not an end to the bull cycle run. Bull markets do not like company, the market will do everything it can to make the majority gun shy and keep the bears from recognizing the prevailing trend. Liquidity is the difference between what could be a correction and what is just an emotional reaction.

 

[coolhand]

Everyone seems to be waiting for some kind of retracement that may be hard and fast - perhaps the give back today is all we'll get. Any consolidation that might take place would be part of an uptrend, not an end to the bull cycle run. Bull markets do not like company, the market will do everything it can to make the majority gun shy and keep the bears from recognizing the prevailing trend. Liquidity is the difference between what could be a correction and what is just an emotional reaction.

In this liquidity driven market, I tend to think pullbacks are more likely just the Fed letting up on the gas enough to allow the big money a chance to reload and get the masses beared again. They've done that over and over for quite some time. Sooner or later that will change, but it's anyone's guess when that might be. The tracker still shows most TSPers are still largely on the sidelines, so I'm expecting this bull to continue for some time yet (modest to moderate pullbacks along the way notwithstanding).

 

[Birchtree]

My Sauer-Danfoss was recently bought out for cash and that leaves a few dollars in my account - so I'll most likely be buying some sweet wall flowers today.

 

[Birchtree]

Here are my morning purchases: MCP, MAS, BLT, ANN, AXLL, JNY. So many wall flowers and so few dollars - but more dollars are on the way.

 

[bmneveu]

Here are my morning purchases: MCP, MAS, BLT, ANN, AXLL, JNY. So many wall flowers and so few dollars - but more dollars are on the way.

You don't mind buying long term investments at all time highs?

 

[jpcavin]

You don't mind buying long term investments at all time highs?

:laugh::laugh::laugh:

 

[Birchtree]

I'll gladly spend anything the market provides - I plan to spend at least another $1,000,000.00 before the year ends. We are no where near anything that resembles a top. If I'm wrong then pity me - but if I'm correct I'm set for the rest of my life.

 

[Birchtree]

BofA Sees Rising Risk Of Market Melt-Up - Business Insider

 

[Birchtree]

Germany