Birchtree's Account Talk

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Birchtree said:
"One of the most bullish things that can happen to any market is for it to reach new multi-year highs. New highs are endemic to bull markets. Prepare yourself for some true lunacy ahead as we start the next leg from such nosebleed levels."

Market Highs Are Bullish, Not Bearish | The Big Picture
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Hey BT, where is the best place to buy condos or townhouses in Florida right now? I know there are a lot of foreclosures all over the State. Most of what I read is Daytonna Beach - Ormond Beach area.
 
I don't know enough about any area to give you an answer - although I do like the Crystal River area myself.
 
Gainesville is getting more crowded with students - however I do own five acres in a prime location away from the student populations. I plan to put my land up for sale at some point within the next three years - but I'm always open to good pricing.
 
jkenjohnson said:
Birchtree said:
"One of the most bullish things that can happen to any market is for it to reach new multi-year highs. New highs are endemic to bull markets. Prepare yourself for some true lunacy ahead as we start the next leg from such nosebleed levels."

Market Highs Are Bullish, Not Bearish | The Big Picture
Click to expand...

Hey BT, where is the best place to buy condos or townhouses in Florida right now? I know there are a lot of foreclosures all over the State. Most of what I read is Daytonna Beach - Ormond Beach area.
Click to expand...

Getting in on a pre-construction price is usually a great value as well. Daytona is popular, cocoa, ft Myers, west palm, destin... Lots of good spots on the beach, all a little different.
 
The current throw over of SPX 1880 is just a stop over on the way to 2000 and beyond. I'm chasing the bull today and buying some banks: UBS, BBT, RF, BXS. I won't have more money until tomorrow and then I'll buy even more wall flowers - there's no holding me back, I've been patient and now is the time to throw caution down that dark, deep hole.
 
Or it could be JTH was right at picking 1880 and now it's back down some so golden prices are available. :)

Birchtree said:
The current throw over of SPX 1880 is just a stop over on the way to 2000 and beyond. I'm chasing the bull today and buying some banks: UBS, BBT, RF, BXS. I won't have more money until tomorrow and then I'll buy even more wall flowers - there's no holding me back, I've been patient and now is the time to throw caution down that dark, deep hole.
Click to expand...
 
I posted this in another thread previously and it apparently was ignored so I've brought it home.

"This means a bias toward buying equities everyday and almost never selling. It means adding to stocks sheepishly on up days and voraciously on the (rarely occurring) down one." Pretty much my approach to investing.

The Relentless Bid, Explained | The Reformed Broker
 
A little more drama in the Birchtree household. My 61 year old wife has been vascillating recently about retirement and has decided to reduce her hours and at the same time get a face lift. She wants me to help swing the expense and I say what the heck, I'm the one that will be looking at her for the next 25 years. The sacrifice is I won't be able to invest her defined contribution balance for income even though it continues to grow - I'll just be patient. I've promised to help her through the recovery phase. We are eventually headed to Western North Carolina for retirement and she'll fit right in well. So today we all make money - how great is that.
 
"The current 5 year bull market is the second strongest since WWII. On average, the sixth year has produced 26% growth. In this aging bull's favor, it's still cheap to borrow to buy and build. All in is the only way to play this game. A wise investor is positioning for a year from now." I believe this secular bull is only 2 1/2 years old and may last several more decades - the question is how rich will I get?

What this stock bull market needs to live a 6th year - Market Extra - MarketWatch
 
Given my pension and current income deferred to 401k/457b, I can choose my battles in the TSP. I view the S&P as overbought short-term.

I did a TSP round-trip on Monday/Tuesday and walked away from the table happy with what I view as a month's worth of gains in one day. I now will draw G Fund interest until the end of the month and fight again in April. My golden prices have not arrived in other accounts, but I have the luxury of being able to wait days, weeks, months or years patiently.
 
Bring on the late hour blast higher - to heck with my dividend reinvestments - they're toasted for this week. I'm building buying power today.
 
Birchtree said:
A little more drama in the Birchtree household. My 61 year old wife has been vascillating recently about retirement and has decided to reduce her hours and at the same time get a face lift. She wants me to help swing the expense and I say what the heck, I'm the one that will be looking at her for the next 25 years. The sacrifice is I won't be able to invest her defined contribution balance for income even though it continues to grow - I'll just be patient. I've promised to help her through the recovery phase. We are eventually headed to Western North Carolina for retirement and she'll fit right in well. So today we all make money - how great is that.
Click to expand...

I knew it! You cradle robber, you! :rolleyes:
 
This would be great! I'm in for the long haul no matter what. I'm not looking to touch my investments for 9-10 more years.

Birchtree said:
"The current 5 year bull market is the second strongest since WWII. On average, the sixth year has produced 26% growth. In this aging bull's favor, it's still cheap to borrow to buy and build. All in is the only way to play this game. A wise investor is positioning for a year from now." I believe this secular bull is only 2 1/2 years old and may last several more decades - the question is how rich will I get?

What this stock bull market needs to live a 6th year - Market Extra - MarketWatch
Click to expand...
 
The markets long term momentum continues to remain strong and indicates the risk of a bull market top remains remote. So I'm buying on the chase: AIG, AGCO, CNQ, BK, BLX, CNX, ORI, MS. There are so many lonely wall flowers that deserve to be coddled - that's my job. I think we will rise sharply in the next 10 months.
 
BT,

Thoughts on BTU today? One part of me wants to take advantage of the sell off as coal is still heavily used throughout the world. Thoughts?
 
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