Birchtree's Account Talk

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So today's weakness seems tied to China - we go through these fears at least once per year. Frankly, the bears should show more respect for the new all time index highs printed yesterday: Transports, S&P midcap 400, S&P small cap 600, R2K. And so close on Barron's 400, total stock market. China is only a bump in the sidewalk in my humble opinion.
 
Birchtree said:
So today's weakness seems tied to China - we go through these fears at least once per year. Frankly, the bears should show more respect for the new all time index highs printed yesterday: Transports, S&P midcap 400, S&P small cap 600, R2K. And so close on Barron's 400, total stock market. China is only a bump in the sidewalk in my humble opinion.
Click to expand...

US existing home sales total 4.87 million vs. 4.94 million estimate
US manufacturing growth slows in January

jobless claims edge up

The market has been oblivious to the lack of growth within the economy simply because the government has been borrowing more money to pump into the economy. Now that the funnel of cash is slowing, the market may be realizing it should start pricing the economical factors in instead of covering them up with borrowed money.

I know you are perma-bull, but bump (or thump rather) on the sidewalk might be your ass hitting it one day when the market falls. :D Love you Birch!
 
You know what happens when you stretch a rubber band - zingo to new all time territory. So I'll take the bumps and grinds and wait for the return of Ferdinand to really blaze the trail forward. I believe once the hedge funds wake up to economic progress 2014 may be stronger than 2013. There were two months (June and Augus) during 2013 when I was off -$173K and -$172K, respectively. But I never got discouraged and just rode the wooly beast.
 
Wow, the Dow is -211 but the transports are only -1.91. We are setting up for some golden prices. I'm back to keeping track of my dividend increase announcements and so far I have 7 for 2014. I had 136 for 2012 and 158 for 2013 - this is an easy autopilot way to keep up with inflation. Plus I get to dollar cost all those dividends all year long - increasing my income stream. Slow money is sometimes the best money and it takes no work on my part.
 
Aside from those you listed I'm looking at RF, BBT, STI, BCS, MS, BK, WFC, and maybe a few more I've forgotten.
 
A few more banks I like: BLX, BXS, ONB, FHN, AF. It was nice to see the Transports close +21.39 - another new all time high. It's time to rack up those pinball points.
 
Running in front of the Grand Trunk and buying a few banks this morning: RF, MS, BK, STI. Gotta keep the wheels greased. I'll just eat this pain like the renegade contrarian I am.
 
It's my party and I'll cry if I want to, cry if I want to, cry if I want to. You would cry to if it happened to you. I only have one dividend to be reinvested on a day like today - sad. I think those words are from a Leslie Gore tune. Popular in my younger days.
 
I have been through so many consolidations over the years and this one is no different - probably placing a bottom as I type. A sideways action into March would be ideal for my slow money trading strategy. Consolidations are always a blessing for a long term investor with a good dividend income stream - I'll be doing this for many more years to come so perspective is important. Bring the pain and I'll lunch on it - no fear here. This is fun - like watching the tides as money flows out and then flows back in.
 
shitepoke said:
BT
what happened to SPX? did helicopter Ben say something...
Click to expand...

I suspect the hedge funds are clearing high sentiment and oscillators back to normal levels to prevent any type of crash mode - they will turn and buy everything back as usual. This is typical trading and will undoubtedly follow the 2013 patterns - best policy is to hold long through the bumps and dollar cost average into the pain.
 
love the tides analogy but sometimes we get a 24 ft change of tides here in SE Alaska (perhaps like Toms 1929 chart) and the only thing i like to change for sure is my shorts... snort
 
Looking across stocks, I see corrections (not pullbacks) this being a Friday I doubt anyone is willing to just dive in, but over the weekend folks will start lining up their "buy" list, this should be fun :)
 
I see where KSU is now down -18 points and the Transports are off 284 points - a purrfect time to acquire a position in IYT. I still like RRTS (Road Runner Transportation Service) and CSX. We are looking at a great buying opportunity - the dip everyone has been waiting for. Now we'll see if they can walk the talk - next week could be tremendous on the rebound. I'd actually prefer a slow upward trend to give my dividends more time to acquire more wall flowers.
 
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