Birchtree's Account Talk

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Some of us who don't like the Derrick Bell types have a filter in our heads that keep us from publicly posting every negative thought on our mind.
 
"New bull highs dramatically alter sentiment, paving the way for big late upleg gains. The European indexes are on the verge of following in the SPX's footsteps to achieve new cyclical bull highs, a super bullish milestone." I finally completed the IRS form 8949 - what a chore.
 
Re: Birchtree's account talk

I'm so glad you talked me into keeping my BAC I bought at $5.00/share. It just doubled to $10.04/share a few minutes ago.
 
Re: Birchtree's account talk

Not much to say today only that the rich get richer because they continue to do things that make them rich like staying fully invested in a bull cycle. I still don't rule out a PE of 15, which would get the market to 1675 if it were to happen in the next six months. The strength and pervasiveness of this current rally is showing the true character of this present bull market. We are discounting a stronger economy. Snort.
 
JTH,

Probably right. But, you must also expect the market to revert to the norm. That means that a four year old market top is just a blip. It was frothy at that point, but was it 8% compounded annually for years frothy.

It ain't 2008 all over again.

But, I ain't betting the farm either. And, summer is coming. Neither 100% in nor 100% out. Just kinda normal 65/35.
 
I suspect come June 1st he'll have to bump to 1600 - my end of year target remains 1700. Wouldn't it be wonderful if I'm light. I see where WEN has taken the #2 spot. Over the 12 months through January, sales at full service restaurants were 8.7% higher than the previous 12 months. That was the fastest pace of growth since the late 1990s, when the economy was booming.
 
Go ahead and spank that S fund. I can handle that pain. I'm sitting at #115 with 12.86% and need some carnage inorder to move up. The daily A/D line hit a new all time high last week that was matched by the weekly and common stock only A/D lines. The action in these readings point to continued strength in the market. The reading for stocks in favorable technical condition in both the S&P 500 and broader markets remains 84%. So bring on the consolidation so I can benefit from my dividend reinvestments at lower prices.
 
Birchtree said:
I suspect come June 1st he'll have to bump to 1600 - my end of year target remains 1700. Wouldn't it be wonderful if I'm light. I see where WEN has taken the #2 spot. Over the 12 months through January, sales at full service restaurants were 8.7% higher than the previous 12 months. That was the fastest pace of growth since the late 1990s, when the economy was booming.
Click to expand...


It's probably because people read this article and were stupid enough to actually follow its logic.

Is eating out cheaper than cooking? - food prices - MSN Money
 
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