Birchtree's Account Talk

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As goes August so goes September - we are now in a multi-month bullish move. It's very encouraging that nobody seems too happy with this bull market.
 
Birchtree said:
As goes August so goes September - we are now in a multi-month bullish move. It's very encouraging that nobody seems too happy with this bull market.
Click to expand...

Actually, I'm loving this bullish move. This is the only way to make money in the TSP. If we were in a bear market, we'd be earning nothing, sitting in cash.

Although, I do like buying back in at depressed prices. Everyone loves a sale. This will all come due, in it's own time.

:)
 
On a day where the Dow was down 68 points I could have been forced to receive some pain, but thanks to my coal and energy holdings my oceanic gave back only -$2K. Now I'm ready for a repeat of last week so I can get some gains from our newly recognized stealth bull market. Yes, the strong rally in stocks remains very much intact. I think that SPX 1503 will come rather quickly if Super Mario decides to make a helping move on Spain.
 
I'm wondering if today is a reverse of yesterday. We opened up 59 points on the Dow and closed out -68 points. Today we are down 52 points and I suspect we close in the green. I bought more PHM today.
 
Whenever the morning futures are down and/or the market opens down, I always tell myself that it doesn't matter how it opens, what matters is how it closes. For some reason I'm not a good at following this logic when it opens higher...:embarrest: I guess it is just too much fun cheering the bulls to run on! Run Baby Run!! :D

ps: thank you for the "Like" on my thread. :)
 
Bill Gross of Pimco is saying there is now an 80% chance of a QE3. SPX 1503 here we come. The potential upside is effectively random but also boundless. Snort.
 
U.S. mutual fund data show investors are far from falling out of love with bonds. In the six weeks to Aug. 8, even as the stock rally has continued, they have pulled $16.3 billion out of stocks and plowed another $32.2 billion into bonds, according to the Inveswtment Company Institute. There was only one develoed market, Ireland, with a purchasing managers' index above the crucial 50 mark, signaling expansion, and rising in July, HSBC notes. PMIs were below 50 in 23 countries and falling in 14 of them. Let'em run for the hills - Ferdinand and I are staying long. This market can change direction in a jiff.
 
My Diageo (DEO) announces a dividend increase of 8% - that now makes 98 dividend increase announcements so far this year for my oceanic account. I could certainly use 100 more increases - the income stream is very pleasant. The market is starting to show some turn around. Even my gold ETFs are now in the money.
 
IMHO we are at the early stages of a toasted Obama-Baloney goodbye rally. What the Fed does may not matter - the market knows we need leadership to encourage policies that are economically growth oriented. We can't afford four more years of failure and corruption. There is a light at the end of our dark tunnel.
 
I would surmise that the RevShark has just clucked to the G fund - way to go is what I say. Let'em all run to safety. It takes courage to hold discipline.
 
Birchtree said:
My Diageo (DEO) announces a dividend increase of 8% - that now makes 98 dividend increase announcements so far this year for my oceanic account. I could certainly use 100 more increases - the income stream is very pleasant. The market is starting to show some turn around. Even my gold ETFs are now in the money.
Click to expand...

98 dividend increases is awesome! Well done.
 
Now if I can only look forward to the same next year, I'd have some spending money. The blessing is that the income is doubled when buying on margin.
 
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