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The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!Birchtree's Account Talk
- Thread starter Birchtree
- Start date
Birchtree
TSP Talk Royalty
- Reaction score
- 143
"This level of 1180 to 1210 will likely bring a lot of turbulence, and perhaps we'll finally get the long expected pause or setback that would take some air out of overbought stocks. But after that energy is spent, the much larger - and usually smarter - world of credit is saying that the establishment of new longs by ex-bears, and widespread short covering, could make for an explosive move higher toward 1,300 and beyond in the summer."
http://www.marketoracle.co.uk/Article18571.html
No, a buy-and-holder has no cash reserves to invest because they bought and held since the beginning of time. It's a good time not to be a buy-and-holder, just put some money in, and take it out before the market tanks, just like it has over the last decade.
Birchtree
TSP Talk Royalty
- Reaction score
- 143
Wrong again amoeba. When the market brought me to my knees in November 2008 I pulled $500K out of CDs I had stashed away for a summer place and commenced to buy the best bottom in generations - and I've never looked back. I held my asset base and now it's really working to bring the dollars home. The majority of my assets produce income that I have reinvested as if on auto-pilot. That was working really well during the bear market. Now I'm destined to make millions my friend. You have to use a different strategy when you deal with the tax man - you'll learn that when you are ready to branch out of TSP. By the way I made 432 individual stock purchases during that splendid panic bottom - can you even imagine the pricing I got. As an example I loaded up the truck on Ruby Tuesday at $0.89 and it's now over $11. So many good stories and so little time. Snort.
Birchtree
TSP Talk Royalty
- Reaction score
- 143
"Several weeks ago I speculated that we were on the brink of an asset explosion. So far events are unfolding about as expected. I might even say they are moving more aggressively than I thought. Well actually, there's no doubt this cyclical bull is unfolding much more aggressively than anyone except Birchtree expected. Ultimately these extreme momentum moves usually fail dramatically with a violent correction that gives back several weeks or months worth of gains in just a handful of days. I'm expecting some kind of mini-crash (4-6%) at some point during earnings season. Once that correction has run its course we should enter the final parabolic stage of the bull. That's when I expect we will really see asset prices explode higher."
http://safehaven.com/article/1640/its-2007-all-over-again
Steadygain
TSP Elite
- Reaction score
- 45
You're something else Birch :cheesy:
I've got to admit I've never met anyone more suited as PermaBull #1
Well, I'm holding off until we hit a better bump in the road. Kind of hoping we hit a huge pot hole :nuts: ... then I'll add some more.
JTH
TSP Legend
- Reaction score
- 789
Your pothole just got filled in today...
Birchtree
TSP Talk Royalty
- Reaction score
- 143
Birchtree
TSP Talk Royalty
- Reaction score
- 143
Boghie
Market Veteran
- Reaction score
- 165
Steady,
Keep waiting and you may miss all the gains till October. And, who knows then.
Grab what you can when you can
Boghie
Market Veteran
- Reaction score
- 165
Birch, from Wretchard:
Britain is broke, says Booker, but none of its major parties want to admit it because it would force them to run on a platform of belt-tightening, welfare cutbacks and sacrifice. But since a public long conditioned to hearing comforting lies would never accept the truth, nothing will be mentioned until the final smash. Until then the voters will be beguiled with soap opera causes, celebrity news and public-relations sleight of hand.Birch, from VDH:
As I watch this teeming recession-era energy — thousands leaving squalor in Mexico for the life raft of the U.S., thousands in the middle buying as birthright what a few decades ago would be considered the playthings of the aristocracy, and thousands living in a progressive bubble disconnected from the grime and mess that fuels it — I hope there are still enough around to keep all this going. I say that because a new Microsoft program, a better search engine, another recent arrival from Chiapas, and someone out of work and still at Best Buy simply are not going to get us out of this recession, find the energy to keep the country fueled, and create the money to pay off a soon-to-be $ 20 trillion debt. In short, from this week’s observations, I think our so-called poor need to read a bit more, and our assumed elite to read a bit less.Uuuugggghhhhh......
Mcqlives
Market Veteran
- Reaction score
- 24
I'm snorting...and envious of your oink!
What gives with your ZEP...did this one get sniffed at more than once...or did the marking of it involve something more drastic?:blink:
Birchtree
TSP Talk Royalty
- Reaction score
- 143
I'm into ZEP originally at $20.85 and again at $22.37, so now at $16.97 I'm just throwing money away by dollar cost averaging down. But I believe it's a $30 stock eventually. Sometimes you have to take the contrarian risk trade. It's got explosive potential perhaps as a buy out candidate. I'm pulling the same strategy with my MEE. I t's early in the day - but if the market continues to rally I'll get in even deeper. It feels like bond money is starting to flow into equities and it will be impossible to stop.Similar threads
