Birchtree's Account Talk

[WorkFE]

I was still on active duty then but a Gov't shut down over a budget impasse is way different than what we are currently experiencing. The sequester is actually a law signed by the president to make automatic cuts because the pols could not agree on a better method to make more effective cuts.

 

[Birchtree]

The market appears to be reacting positively to austerity and that's good enough for me. Obama speaks shortly and we'll see how the market reacts - I suspect the market realizes the guy has no integrity and will ignore his muffled comments. Let the bull romp.

 

[TSP-roulette]

Well, he's on TV now playing the blame game with his doom and gloom scare tactics. Four more years of this insanity; heaven help us; or rather, heaven can't help us. We suck it up and whatever happens happens.

 

[Birchtree]

I have him on mute so I'm left to my own device of reading his lips - he only tells the truth when his ears wiggle and that ain't very often.

 

[TSP-roulette]

TV's off, rather go out and walk the dog, thanks Birch.

 

[Birchtree]

ROSENBERG: Cash Is The Worst - Business Insider

 

[Birchtree]

The week for the oceanic looked like this: -$138K, +$46K, +$74K, -$3K, -$7K for a grand total give back of -$28K. It sure could have been much worse. Everyone seems to be worried about Monday - I say bring it. Bull markets are never easy but I'm betting I'll be ahead considerably by the end of the week.

 

[Birchtree]

A slight word of caution if I may. Investors who want to reduce their risk should cut their exposure to the S fund - you are paying too much at this point. Those who still wish to stay invested in the stock market can move some of their money to the large cap C fund instead. The I fund is currently my favorite large cap fund but only a few are brave enough to go near it. A number of NYSE traders were saying today they were afraid to hold stocks long over the weekend - what happens if we open up Monday with a 200 or 300 point 'gap up' - ain't no way cash can catch a move like that. Be in to win.

 

[Birchtree]

ISM Manufacturing Report - the number was a shock and it was spectacular.

http://www.marketoracle.co.uk/Article39282.html

 

[Birchtree]

Someone open the door and let'em in. You know they are ready to buy anything that moves - so open the door and let'em in. That is a line from an old Beatle song.

 

[Birchtree]

Yes folks I'm talking my book - but then again I don't mind playing the lonely wolf.

Is it time to buy coal? - MarketWatch

 

[Dutchy]

Birchtree.....Someone open the door and let'em in. You know they are ready to buy anything that moves - so open the door and let'em in. That is a line from an old Beatle song.

That would be the song, "Let them In" by Paul McCartney and Wings.... Not sure the year, but must be from mid-70's ?? Catchy little tume..

 

[Birchtree]

Beware The Ides of March | Robert McHugh | Safehaven.com If this don't scare the bull tinky out of you nothing will.

 

[OBGibby]

Beware The Ides of March | Robert McHugh | Safehaven.com If this don't scare the bull tinky out of you nothing will.

Birch - ain't nobody got time for that!

 

[Birchtree]

From my WSJ. "New orders index is the signal to watch. This index is inside the ISM nonmanufacturing report. Last month saw its most forward-looking component fall to 54.4 from 58.3. That was the weakest reading since April. After 41 months in a row in expansion territory, another sharp drop would be an ominous sign right now."

 

[Birchtree]

The new orders index came in at 58.2 which was +3.8 points higher from the previous month - growing with a clear sailing future.

 

[Birchtree]

Friends in a bull market it's about sitting with discomfort and being at peace with it. The market rewards what is hard to do. Equities are now generally undervalued still relative to bonds on a scale not seen in 30 years. And the last time this happened, in early 1980, it represented one of the stock markets' greatest buying opportunities and ushered in a 20 year bull market for equities. Will history repeat - of course. The Feds obsession with loose monetary policy creates asset bubbles and mine grows larger by the day. Remember that fear drives out greed in the bears and greed drives out fear in the bulls. I'm sure glad I bought many toxic banks back in the day of the financial crisis - now I'm accumulating positions in coal companies. Sooner or later mom and pop will become aware of the recovery that's underway, and market prices will certainly reflect this realization - someone open the door and let'em in. Snort.

 

[RealMoneyIssues]

Sooner or later mom and pop will become aware of the recovery that's underway

You should thank your friend President Obama for the recovery then...

 

[Birchtree]

I thank the House Republicans for only moderate tax increases and for their desire to hold the line on any further tax increases - Barry is no friend of mine. This market wants grid lock while Barry does his rope a dope. Barry wants to return Pelosi to the power in the House - and it won't happen.

 

[Birchtree]

Two more hours of trading to build me a +$100K gain on the day - I'm due. I'm playing on the rails waiting for the Grand Trunk to gather more steam. Tomorrow could be another nice up move as anxiety from those sitting on the platform builds. If we get a good jobs number Friday we coulkd explode with more parabolic acceleration. If I had money I would use the strategy of dollar cost averaging overtime. I just have to gain a few more hundred $K and then I'm free to spend with abandon. But I will invest as a process overtime rather than for the moment. There is going to be plenty of time to buy this bull - but it will cost more. The days of wine and roses of golden prices is slowly disappearing unless you want to invest in coal.