Birchtree's Account Talk

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I looked back to December 2011 and it was a very volatile month but I pulled up a gain of +$276K - so that will be my oceanic target for this month. The R2K did manage to hold its' own today - that could be a harbinger of things to come as the rally heats up the internals. The NYAD did break out above its intermediate down trend line last week.
 
"Just keep on rockin me baby" by the Steve Miller band - a purrfect day to reinvest dividends. That's all I should expect.
 
It feels so good to be long and strong while many run away - "to be fair, there is one positive to sitting in cash during the most disrespected bull market in history and it's this: if you reinvested those money market dividends each month, you will double your money in just 3,200 years." The FTSE and DAX are putting in 52 week highs along with Japan - the I fund is going to roll forward and outperform during the next 12 months.
 
Birchtree said:
It feels so good to be long and strong while many run away - "to be fair, there is one positive to sitting in cash during the most disrespected bull market in history and it's this: if you reinvested those money market dividends each month, you will double your money in just 3,200 years." The FTSE and DAX are putting in 52 week highs along with Japan - the I fund is going to roll forward and outperform during the next 12 months.
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I'm long but not strong.
 
The market is probably discounting going over the fiscal cliff and would see it as healthy - finally some clarity. Fight the battle now rather than waiting until the debt reaches $22 trillion. Let Obama go on vacation - he can't run the country in an efficient manner anyway - he's basically inept. We're headed for 75 million people on food stamps and no jobs. Take the pain up front and then begin the healing process back to conservative financial values.
 
Birchtree said:
The market is probably discounting going over the fiscal cliff and would see it as healthy - finally some clarity. Fight the battle now rather than waiting until the debt reaches $22 trillion. Let Obama go on vacation - he can't run the country in an efficient manner anyway - he's basically inept. We're headed for 75 million people on food stamps and no jobs. Take the pain up front and then begin the healing process back to conservative financial values.
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I totally agree!!!… My thoughts on Revenue are as follows… Those earning over $250K per year in the USA is roughly 2.76 Million Tax Payers. The Government spent $6.7 Trillion more than they collected over the last four years. This means those earning over 250K would need to pay the Government $2.42 Billion each to just cover the last four years of deficit spending!! LoL ... The problem isn’t lack of Tax Revenue, it’s Too Much Spending!!! I think the Lights are on, but No One is Home when it comes to Common Sense... :cool::cool:
 
So has the China economy finally bottomed - I'm adding to some of my commodity positions just in case - always try and buy early.
 
Can you believe this - "Welfare payments that redistribute income from workers to mostly nonworkers now exceed $1 trillion a year. The huge increase in government benefits for not working - food stamps, disability payments and unemployment insurance - are increasing the incentive not to work."
 
Obama opposes Michigan right-to-work proposal - so who of sound mind really cares what the campaigner in chief thinks. The guy just doesn't get it.
 
Hi Birchtree,

Are you still buying BAC? I started buying it in May 2011, and kept buying it all the way down while it was in the lowly $5 range. It's now at $10.57, and I have an average share price of $7.97. So I'm up 32% since I began the venture. I'm just wondering if I should keep buying, or look for other "wallflowers" to cultivate. It looks to me like BAC could easily go up to $15. Depending on the overall long-term health of our economy and the stock market, maybe even higher. I'm not looking to unload it, just wondering whether it's prudent to keep adding to it. Thanks - keep snortin'.
 
Senmsei,

As a matter of fact I bought 200 shares more of BAC yesterday at $10.48 - I'm now nicely in the profit zone. I plan to keep adding to my position every two points up to $35. I own many bank equities that I bought several years back and they are all doing fine - soon they'll all be roses.
 
I mentioned the other day that we had a possible potential of a buying panic starting - here I sit with tight stomach muscles and tingly feet. A giddy sign to me that I'm ready if the bull herd stampedes. Let'em run. There is a great article in my WSJ today about how few individual investors are in this market - that's a classic signal to me and means this market is going to make me wealthy.
 
Birchtree said:
Senmsei,

As a matter of fact I bought 200 shares more of BAC yesterday at $10.48 - I'm now nicely in the profit zone. I plan to keep adding to my position every two points up to $35. I own many bank equities that I bought several years back and they are all doing fine - soon they'll all be roses.
Click to expand...

Me too Birch..... Been holding BAC from $7, JPM, WFC and C for awhile now. I'm in for the long haul. Picked up some BTU for my Christmas Stocking as well.
 
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