Birchtree's Account Talk

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FireWeatherMet said:
I have faith...that taxes for the rich will come down and deficits for all of us will go up as they ALWAYS do under that "-ism".
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Not to get all political, but I believe a common misconception is that our Founding Fathers set up a "Democracy".

A "democracy" is when two wolves and a lamb vote on what is for lunch. In a "constitutional representative republic" - the two wolves don't get to vote on what is for lunch - as the lamb is armed to the teeth. Our unique "Republicanism" is basically the foundation of American Exceptionalism, IMO.
 
Gee, they are trying to take out my Dream Works, Time Warner Cable and Baker Hughes. I say come one and all I still have plenty to give away. Remember, buy high and then buy even higher. I'm waiting on a Dow RSI to hit 80% because the market is technically ready for a really big run into next spring.
 
Today is my 2 for 1 stock split on Stantec (STN). Keep that yen coming down - makes the imported Acura RLX cheaper to buy. This market is technically ready for a very big rally into spring and I'm so ready to make some money.
 
Mario doing more talking yet no walking but he's getting closer to European QE - then we blast toward the new top. I just bought some more HAL, AME and AVT. My gut has been telling me to sell my SIG (Signet Jewelers) but I'm going to ignore the gut and hold into next year for a stock split. This past week was rather slow for my oceanic account: +$2K, +$3K, +$10K, -$47K, +$16K for a give back of -$16K.
 
Birchtree said:
This market is technically ready for a very big rally into spring and I'm so ready to make some money.
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What do you see in the technicals that tells you this? I only look at short term moves really. Curious to see what you have to say about the longterm technical side of the market. Seasonality agrees with you, but that's not really technical.
 
A little note from my WSJ. "Alongside the inevitabilities of long term interest rates picking up and inflation firming, one of the most obvious things that was going to happen over the course of this year was a narrowing of profit margins. So much for that. Indeed, with third-quarter earnings advancing at about twice the pace of a sales gain of just 5.3%, profits as a share of revenue for S&P 500 firms look to now stand at 10.1%. That is the widest profit margin in the 22 years of data S&P Dow Jones Indicies has on hand. A longer dated measure - after tax corporate profits as a share of gross domestic product - last year reached its highest level since 1929." I'm seriously looking for a massive wave of panic buying. Corporate profits have been nothing short of spectacular and exceeding all prior records - to me that's the needed power for a mega trend secular bull market.
 
Birchtree said:
A little note from my WSJ. "Alongside the inevitabilities of long term interest rates picking up and inflation firming, one of the most obvious things that was going to happen over the course of this year was a narrowing of profit margins. So much for that. Indeed, with third-quarter earnings advancing at about twice the pace of a sales gain of just 5.3%, profits as a share of revenue for S&P 500 firms look to now stand at 10.1%. That is the widest profit margin in the 22 years of data S&P Dow Jones Indicies has on hand. A longer dated measure - after tax corporate profits as a share of gross domestic product - last year reached its highest level since 1929." I'm seriously looking for a massive wave of panic buying. Corporate profits have been nothing short of spectacular and exceeding all prior records - to me that's the needed power for a mega trend secular bull market.
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Yomama isn't going to like this, because all those greedy capitalists need to share the wealth with the po' folk. Tax them bastards until it hurts!
 
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