Birchtree's Account Talk

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The wife and I just returned from celebrating at the Dairy Queen - today my oceanic account got past the +$1M mark of profit gains in less than ten months and basically all I mostly did was sit still. However, come 2014 I'll be taking capital gains and buying my hoofhearted self some more happiness. I believe that Ferdinand is just waking to the profit potential for those that can take risks. We are in the early stages of a new multi-decade Supercycle bull market and it will be generous to me and my family.
 
David Tepper says he can see a P/E ration of 20 in 2014 - that means much higher pricing for multiple expansion - we are now holding at 14.3 for the SPX.

"With the S&P 500 index up 19.4% so far this year, sluggish earnings haven't put a damper on the stock-market rally. But with slow profit growth, the stock-price rise to records has lifted valuations. The S&P 500 is now trading at 14.3 times the next 12 months of earnings FactSet says."
 
I'm fortunate to have 7 dividends due for reinvestment tomorrow so step on my fingers and bring me golden prices. I may actually spend a few more dollars and buy some precious wall flowers for the occasion. Celebrate the dip and shop early. There will be panic buying of the classic nature.
 
Birchtree, what do you see happening thursday?

I went back to all in (where i should have been) now I see the news about not enough votes.

I cant imagine the US defaulting, but jeez, the officials we elected are morons, and that makes me not want to imagine defaulting.
 
Since I am a renegade contrarian investor I cannot change my stripes after all these years. Contrarian investing is easy, yet most investors refuse to take advantage of it. Why? Because they're psychologically primed to listen to the mainstream media and take the newspaper headlines at face value instead of using their own better judgement and trading against the headlines. Once you've determined which direction the headlines are pointing, then you can take the contrarian approach and go in the opposite direction of those headlines. Contrarians are bascially suspicious of any concensus opinion that is stubbornly held in the face of evidence to the contrary. Now is the time to load up the truck because better days for the economy are ahead - regardless of Barack Osama and his ilk.
 
All we need is 14 more points in the Transport Average and we're at new all time highs at 6726.94 - they'll pull up the Dow for a good gain tomorrow. If you are missing the train, don't worry, you'll have several more years to get on board. Although, a 153% gain in the SPX since the March'09 low has been sweet for the hoofhearted.
 
It's wonderful all very wonderful. The Transports did place a new all time high today at 6736.87 and is now running in uncharted territory. I'm pleasantly reminded that Primary 3 waves can last for years. Any ensuing price consolidations from here should be muted. I'm thinking we'll have a multi-month rally into 2014 with the SPX hitting 2000 and then comes the mandatory 10% correction and after that we're on our way to 2500. Tomorrow could be powered by the great rotation out of bonds and into stocks. Yes, it's all very wonderful.
 
I need some of that positive birchtree go getem optimism. Looking to crack 20% for the year.

come on bt lets move this puppy up.
 
rktect1 said:
I need some of that positive birchtree go getem optimism. Looking to crack 20% for the year.

come on bt lets move this puppy up.
Click to expand...
I started managing my TSP too late to hit 20% this year. It sat dormant for about 6 months until I figured out what I should be doing. Doing better now after yanking my earnings out of the negative. I'm hoping to crack 10%... And build from there. June hit me pretty hard as well this year.
 
Birchtree 2016

Bumper sticker to read:
Gonnabeahelluvarideifjoinmyupside...
btw, if your wealthy, blame BT....uh, snort.
Congrats on Oceanic, I'm actually hoping you'll aim a little higher than POTUS. The coming "NewWorldOrder" seems to be grossly over rated, mentally bankrupt, and a wee bit of a fright.
BT, I hope your Spidey senses are tingling and Metropolis shines your Bat signal soon.....we need you to lead the way.....well if not that, please keep waxing philosophic.
Signed,
the bovine masses :o
 
Re: Birchtree 2016

The Dow is being roasted today by IBM and GS to around 100 points collectively. The NYAD line however looks good so the broad market is fine. Opportunity is made to look like a disaster and disaster looks like opportunity. The one permanent emotion of the inferior man is fear - fear of the unknown, the complex, the inexplicable. What he wants above everything else is safety. Is there any safe investment today? It is not my nature to speak in these words, but I can't think of any more emphatic way to say it..."Hell. Yes." The U.S. stock market.
 
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