Birchtree's Account Talk

Here are three amazing facts from a nobody named Glenn Cheswick:

1. QE will continue at least through 2015.

2. Mom and Pop are just starting to dip back in adding to the pump.

3. S&P 500 will go to 2500 by 2015.
 
Here are three amazing facts from a nobody named Glenn Cheswick:

1. QE will continue at least through 2015.

2. Mom and Pop are just starting to dip back in adding to the pump.

3. S&P 500 will go to 2500 by 2015.

We're busting it this month. Just try and wipe this smile off of my face.
 
"The S&P 500 sports a gain of 23.55 percent, which, if it finished here, would represent the second best year for the venerable index in the last fifteen years (for the record, 1998's gain of 26.67 percent is the only year to exceed 2013's return)."
 
Here are three amazing facts from a nobody named Glenn Cheswick:

1. QE will continue at least through 2015.

2. Mom and Pop are just starting to dip back in adding to the pump.

3. S&P 500 will go to 2500 by 2015.

4. toilet paper will cost $3.09 per pack instead of $2.19 per pack.
 
Here are three amazing facts from a nobody named Glenn Cheswick:

1. QE will continue at least through 2015.

2. Mom and Pop are just starting to dip back in adding to the pump.

3. S&P 500 will go to 2500 by 2015.
50% next year? Hmmmmm I would be happy with 25% (2014) and 25% (2015)

But let us face it, I don't think that momentum could be maintained.
 
I think you are right, but I hope you are wrong.

Hey, I'm in it, to win it.

We are in the backend of a winning streak for the S&P. Would I like to set records? Damn Skippy!

I am watching for the pullback, but 2008 hit like a brick, soo, just skeptical.
 
"The S&P 500 sports a gain of 23.55 percent, which, if it finished here, would represent the second best year for the venerable index in the last fifteen years (for the record, 1998's gain of 26.67 percent is the only year to exceed 2013's return)."
I'm not going to bother with the math but, when the SPX ends the year at 1850 it will be the biggest boost percentage wize since the dawn of man. Yes, yes, yes. You see, it's recovering from the previous whatever it was that was holding the SPX down at 1500 in the two attempts it made to make it above that number in the previous decade. Also the market speaks to inflation. Hang on folks. Christmas is coming. Then all of 2014.
 
I need the R2K to show some spunk and pump up my oceanic account so I'll have some margin buying power to go on with life. Snort.
 
I see where IBM is going to pump in another $15B to their buyback program - how many Dow points is that worth.
 
I see where IBM is going to pump in another $15B to their buyback program - how many Dow points is that worth.

Buybacks are like stealth dividends. You can see what the announcement did to the stock today. It's come a long way from it's 2008 low of 63.77, but it's been in a downtrend since March of this year. Will this be the catalyst that causes the stock to move higher?
 
Finally the Dow catches up with the rampaging herd and sets a new all time high. Don't fear the bull when he drops his head and charges you. There is a tremendous amount of money that is still trapped out of stocks. I think this rally is about positioning and may continue for months. The first day of a triple digit Dow gain - only three more to go that are back to back. If the Fed confirms their QE3 program tomorrow, expect a market reaction to be intoxicating. If it's 1998 again expect double digit percentage gains from here into January 1999. C'mon folks jump aboard, it's a rocket, not a roller coaster.
 
A few nibbles on the open while I anticipate another triple digit day: GLT, TRW, PCL, BTU. Let's see what the day brings.
 
I've now accumulated 131 dividend increase announcements ytd and that compares with 136 total for 2012. With two months remaining I'm sure to exceed that previous number - if these dividend increases remain constant they will provide a good income stream for the next 20 years. I think at some point in the future my grandchildren will be very pleased.
 
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