Birchtree's Account Talk

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With the VIX at 36.08 off 3.68 on the run it's buying time. I took another nice bite on BAC at $7.66, plus: STD, GMT, TWX, TNB, HD, FGP, FDP. The stronger the market stays the more wall flowers I can pick.
 
VIX pushing into the 34 range. I'm chasing Ferdinand today: AVA, ANR, TIE, JAG, GBX, KRO. In this environment the more you buy the more you can buy. If we take back the loss from yesterday I'll wade deeper into JTH's pool.
 
I'm still chasing that darn bull: PHM, AVY, BWP, TRI, BLT, BK. We could see a nice explosion to the upside into the close as the short hairs scramble. I'd like to see a Dow close above +250 just to make Monday interesting.
 
BAC has turned out to be my most profitable purchase. Wish I could have bought more share. Thanks Birch:D
 
Finally after four weeks of bloodletting, the oceanic brings a little home: -$18K. +$128K, +$55K, -$65K, +$79K for a grand total gain of +$179K. Now if I can pull down $900K more I'll be in like Flint. I need to be a strong buyer next week. They're all golden from my perspective.
 
"By opening up the purchase program to other asset types such as stocks and corporate bonds there could be multiple benefits to the marketplace and the economy as a whole by lowering the cost of capital structures for companies. In the case of equity purchases it would send an immediate signal of a relative bottom in securities while over the long term build the business confidence needed to prompt businesses to start putting record cash piles into riskier projects such as expansion; prompting hiring."

http://seekingalpha.com/article/290132-if-qe3-occurs-down-the-road
 
Birchtree said:
"By opening up the purchase program to other asset types such as stocks and corporate bonds there could be multiple benefits to the marketplace and the economy as a whole by lowering the cost of capital structures for companies. In the case of equity purchases it would send an immediate signal of a relative bottom in securities while over the long term build the business confidence needed to prompt businesses to start putting record cash piles into riskier projects such as expansion; prompting hiring."
Click to expand...
So, why didn't QE1 or QE2 prompt all of this expansion???

Why do we need more devaluation of the USD???
 
But didn't businesses big] already have much cash on the books, and instead of hiring, they performed M&A and stock buybacks?

What businesses [big] need are customers,
and customers must have jobs to buy the widgets,
and the jobs [small business] need a base like coral needs a surface such as an artificial reef,
and the surface must be the government promoting infrastructure [etc.] demand.
 
A good idea would be to downgrade the US status of having the second highest TAX RATE on business, right behind Japan. Lower taxes and regulations on Small Business is the answer. Temporary Jobs are NOT the answer.
 
TSPNotley said:
and the surface must be the government promoting infrastructure [etc.] demand.
Click to expand...
Uh, no.

How about the government get out of the way a little so that businesses are not buried under excessive regulations? Just a thought...

What needs to happen is for the government to establish their long term policies related to business so that businesses can make plans for more than 1 year at a time. What is happening is either long term destructive policies (healthcare paid by the taxpayer/business for those that don't work, regulations requiring high costs to be compliant, Dodd-Frank, cancel Too-Big-To-Fail, et al) or indecision on economic policies is creating an environment where businesses don't want to take risks in an unknown environment.

I know everyone forgets, but businesses are in business to make money, not create jobs. During their quest to make more money, they will create jobs; but not until they are in a business friendly environment. I can see some businesses waiting a couple years for a business friendly environment instead of a big government, screw business environment... just my 2 cents.

The government is supposed to be there to "promote the general Welfare", not to be Robin Hood.

This was a country of equal opportunity, and now we are becoming a country of equal outcome... give me a break...

Sorry Birch :(
 
Nuutt: As an independent and IMHO, I agree with you that we should have the corporate tax rate lowered without loopholes to a competitive international rate and I suggest that while we are at it: we should make the rich have competitive higher individual tax rates without loopholes as found in all other first world nations. There, I just made enemies of both the right and the left: see, I am an independent.

I know people can forget, but we just had a 10 year trial in which we tried reduced taxes to the wealthy with reduced regulation and see what that got us: minimal private sector jobs, banks too big to fail yet self infecting with credit default swaps, businesses and banks with short term goals of making money while too leveraged [on the backs of the financially uneducated, most of us are dumb money] over goals of long term prosperity, wealth increases of 100% in the wealthy [300% over 28 years] and 2% loss in real growth of the low and middle class over 30 years.

Big business is not hiring nor has an interest in hiring.

A good small business which is more labor intensive can adjust within a week to any new price increase in flour, steel, insurance rates. If one has a better mouse trap, more people will buy that product and their raw material costs go down with increased product economies of scale: good old fashioned free enterprise with increased prices and salaries. Let's not make out small business as weaklings, provided they have a good business plan and innovate.

Lastly, I prefer generalized prosperity over civil unrest, as we don't have enough police because half of them have been fired.

Remember, though immunizing all citizens may be considered socialist, it is the best way for wealthy senior citizens to protect themselves against contagion in an aging body. Independents rule!
 
TSPNotley said:
Nuutt: As an independent and IMHO, I agree with you that we should have the corporate tax rate lowered without loopholes to a competitive international rate and I suggest that while we are at it: we should make the rich have competitive higher individual tax rates without loopholes as found in all other first world nations. There, I just made enemies of both the right and the left: see, I am an independent.

I know people can forget, but we just had a 10 year trial in which we tried reduced taxes to the wealthy with reduced regulation and see what that got us: minimal private sector jobs, banks too big to fail yet self infecting with credit default swaps, businesses and banks with short term goals of making money while too leveraged [on the backs of the financially uneducated, most of us are dumb money] over goals of long term prosperity, wealth increases of 100% in the wealthy [300% over 28 years] and 2% loss in real growth of the low and middle class over 30 years.

Big business is not hiring nor has an interest in hiring.

A good small business which is more labor intensive can adjust within a week to any new price increase in flour, steel, insurance rates. If one has a better mouse trap, more people will buy that product and their raw material costs go down with increased product economies of scale: good old fashioned free enterprise with increased prices and salaries. Let's not make out small business as weaklings, provided they have a good business plan and innovate.

Lastly, I prefer generalized prosperity over civil unrest, as we don't have enough police because half of them have been fired.

Remember, though immunizing all citizens may be considered socialist, it is the best way for wealthy senior citizens to protect themselves against contagion in an aging body. Independents rule!
Click to expand...
Good words, not so good words but well thought out, it's late and I'll sleep on it before I post, you make some good points.
 
What, me sell, ya'll must be kidding. The sun is out and now is the time to buy aggressively in anticipation of the next bull leg. I'm shopping for sweet wall flowers: BIP, AZZ, NHYDY, TCB, HHS, IPI, DY, MLR, CBG, CNS. Just think of the intense possibilities if the Fed decides to buy equities - some will get rich.
 
I'm still dollar cost averaging into my base: EAT, RT, EP, ETH, HVT, LZB, ONB, HSC. This morning EAT increased its dividend by 14% - I'll take it gladly. I've made 261 individual flower purchases since August 5th and if this rally leg continues I'll be doing much more flower shopping. Big alpha is imminent. 10 to 1 on the upside today with the VIX folding.
 
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