Birchtree's Account Talk

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Birchtree said:
For that someone that might be interested in what my reinvested dividends look like - there are a few catch ups too: SO, AEP, B, CNP, DNP, MPX, OLN, STR, RES, SE, VMC, BCS, IVZ. Most of these will be reinvested today. Then we'll have a few more tomorrow - it never seems to end especially when building an income stream.
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A Bull's work is never done!!!:D
 
JimmyJoe said:
Let us not concern out selves with such trite, downward movement. SPX 1653 manyana. Friday 1700.
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25 point day for the SPX Wednesday will be like the Stanley cup finals, game 1 rout for my Bruins. That will put the market mark at approx 1655. Hang on, it's going to be a bumpy ride to the top, Johnny. To the top.
 
I wish for the next jobs number that is so strong it pushes the Fed to the market sidelines. It's what they also should really want. It would halt the erosion in worker skills that is threatening economic productivity. It would signal the recovery has finally reached a sustainable point and the bull market will live for decades. It would be the real buy signal. Until then I'm holding out hope for strong rallies the rest of this month to get me to the alter of margin buying power. I need to be buying wall flowers every single day because they are slowly turning into roses.
 
Oversoldness and excessive fear are never sustainable, regardless of current or near future news flow. And the subsequent rallies out of these oversold lows are big, fast and highly profitable. Fear is the greatest buy signal ever seen in the stock markets. Remember, fears are reason to embrace stocks, not run from them.
 
Birchtree said:
Oversoldness and excessive fear are never sustainable, regardless of current or near future news flow. And the subsequent rallies out of these oversold lows are big, fast and highly profitable. Fear is the greatest buy signal ever seen in the stock markets. Remember, fears are reason to embrace stocks, not run from them.
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Did you say that in 1987 too ;)
 
He's been dcaing throughout the whole roller coaster ride laughing all the way...look at the market levels in 1987 compared to now...the ant survives while the grasshopper dies a gooey death...at least that is what da Birchman would say
 
Even during 1987, retirement savers who didn't blink saw big gains. You just have to hold the line. A friendly trend continues to suggest more gains ahead.
 
rcknfrewld said:
He's been dcaing throughout the whole roller coaster ride laughing all the way...look at the market levels in 1987 compared to now...the ant survives while the grasshopper dies a gooey death...at least that is what da Birchman would say
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Yes, but to get the same gains, the S&P would have to be 6500 (DJIA at 60k) by 2039... wow
 
2039 - I might just make it. If I don't at least my portfolio will. I'm busy building a generational income stream. I'll take some capital gain harvesting next year when my wife retires - right now I don't want the gains to boost my AGI. Can you guess why?
 
That could make for an interesting discussion. I understand that is how big wealth is accumulated - handing it down within the family, but I feel that those who work for what they have appreciate it more, and learn something from the experience of doing so. It instills pride to make it on your own rather than getting by on OPM. I can see paying for a family member's education, but even that is debatable. It may just be a matter of my upbringing, which wasn't "normal". Also, I'm not sure I want my family to hit the lottery when I "go". Being worth more dead than alive gives them too much to think about. :)
 
Your comments are certainly admirable but your views may change as you get older. I wish someone would have given me a leg up when I was struggling to get educated and survive economically. I have a will and have already discussed it with family.
 
Market outlook: jump aboard, it's now a rocket, not a roller coaster. There is a tremendous amount of money that is still trapped out of stocks. I think this rally is now about positioning and it will continue for a while. Be in to win. I'm still waiting for a +300 point gap up to stir the juices.
 
The market crash in 1987 was caused by computer runaway. Everyone thought they had insurance to protect their portfolios with computer software programs. The problem was when the selling started there was no one at the switch and the nonfeeling computers took charge and unloaded - thus the crash. I took a day off from work the next day keeping my thumbs on the sell trigger but never had to pull the trigger and sell anything. It was a very nervous time but eventually the market rebounded and if you look on a long term chart you can hardly see the crash. You live and you learn as go.
 
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