Birchtree's Account Talk

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A little weakness going into the close - no matter. We will probably take out the November Dow resistance at 13,290 come tomorrow. I have considerable special dividend payouts on the way so a little weakness is a small blessing - but then again a powerful buying panic could be appreciated.
 
Birchtree said:
A little weakness going into the close - no matter. We will probably take out the November Dow resistance at 13,290 come tomorrow. I have considerable special dividend payouts on the way so a little weakness is a small blessing - but then again a powerful buying panic could be appreciated.
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The buying will be onging or within the week. It will come, oh yes, it will come. And in about 2 weeks the S&P will be hitting that 1440 mark. Its Christmas. In 2013, look for 1500 early.
 
Richard Russel is bullish when the Dow goes above 13,596 and the Transports go above 5215 - will the Fed push us higher with a QE4 mention today.
 
So the Fed plans to keep interest rates low until the unemployment rate is below 6.5% - that could be eternity with Obama's inept policies. I've been thinking I surely miss the days when there were more bears on this board than in the woods - they've all faded into history. Of course I never believed their nonsense - but they were fun to have around.
 
I have 14 dividends due Friday so further weakness can be appreciated for golden prices, however the reality of QE4 can kick us higher at any moment. Next week many of my special dividend payments start paying - that's nice 'cause I get to double the buying power with my margin. If they don't cut my margin interest rate deduction because of our fiscal crisis - my deductions become even more valuable to off set my dividend income tax increase. So let the bad times roll - I'm ready to begin buying more wall flowers.
 
Today I'm thinking about having a pee poor economy the next four years because of Obama incompetance - there has to be some fiscal responsibility somewhere. The debt ceiling can be used to bring reality back to the WH - we don't need 75 million folks on food stamps. The Dems in the Senate will fall in 2014 and inept policies of spending will be constrained. Four years is a long time to wait for better growth and jobs. In the meantime I'll continue to accumulate sweet wall flowers.
 
The week was no scorcher but the oceanic account managed to make some money regardless: +$32K, +$29K, -$2K, -$33K, +$10K for a total gain of +$36K. All I have to do now is make an extra $206K the rest of the month to match my gains of December 2011 at +$276K. I'm expecting some heavy special dividends due and they may skew my results, but hey money is money. The transports are coming awfully close to Richard Russell's buy signal at 5215 - should happen on Monday.

"U.S. stocks aren't the extraordinary bargain they were in, say, 1974, 1982 or 2009. (And I was a buyer) But the S&P 500 stock index sells at 14.5 times its companies' operating profits - well below the average of 18.9 over the past quarter century. The ironic lesson at the heart of what Messrs. Gordon and Grantham are saying: The grimmer the future seems, the more optimistically you should invest. With billions of dollars leaching out of stock funds every month, the weak hands - those people like amoeba who can't bear to hold on to their stock investments in the face of bad news and wretched returns - are being shaken out. But the strong hands, those who can cling to their holdings no matter what, should be rewarded in the end."
 
To answer your question - a little over $4.4M. A few weeks back I took in +$191K and that was exciting.

"We are going to have a whopper of a move once this tension on the tape is released."

Beware: The
 
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