Bullitt's Account Talk

[tsptalk]

It seems to happen to some very bright (even brilliant) people who smoke a lot of pot. But you are right, Macke seemed like he was on some kind of stimulant, rather just weed. He still writes for Minyanville so I guess he's OK. Don Harrold interviewed him a few months after the breakdown and while he seemed better, he was definitely still "off".

 

[poolman]

Wow. I was wondering what happened to him. His ability to get his point across, when he was on Fast Money, seemed to be measured by how much blow he had before they went live.

Or he ran out. :toung: Possibly going through DT'Ssss.

Fast Money was good with him but the show definitely is fast. A little faster than I like to think. Anyway I didn't really see this Vid before. I just heard he kinda went nuts. It is sad and some people hit there breaking point if they don't like there job. I think he was getting tired of it or drugs.

 

[fedgolfer]

... Macke really is the Lone Wolf. Just youtube'd an interview with Macke on Don Harrold and he identified himself with Pearl Jam, and said something like "Black" and "Jeremy" were soundtracks to his life. If you know those songs, this isn't going to end pretty for Macke unless he finds help.

 

[Bullitt]

Wow. Or as Jim Rome would say, "He flamed out."

By the way, how did you ever remember that post? That was when I was still watching CNBC so it was at least two years ago!

 

[tsptalk]

By the way, how did you ever remember that post? That was when I was still watching CNBC so it was at least two years ago!

I did a search on the board to see if anyone had discussed this already, and your post was the last one to mention him.

 

[tsptalk]

It looks like he wrote a couple of articles the day before on Minyanville. One was about the stress test. Ironic. And the other about GM - hence the "car guys".

Maybe he was actually trying to say something, and it just came out as gibberish.

 

[Birchtree]

The Baltic Dry Index is up 14% this week - buy them shippers.

 

[fedgolfer]

The Baltic Dry Index is up 14% this week - buy them shippers.

I shouldn't have brought my sticky pants to the dry cleaner this week. I would like to wearing them now When I get 'em back i'm adding extra adhesive.

 

[poolman]

I shouldn't have brought my sticky pants to the dry cleaner this week. I would like to wearing them now When I get 'em back i'm adding extra adhesive.

I hear that Black Gorilla Tape is the Bomb. :nuts:

 

[ztlmike]

Going to keep my Sticky pants on for a couple more days.
But may have to look serious about taking them to the G cleaners Tue or Wed.

 

[fedgolfer]

Going to keep my Sticky pants on for a couple more days.
But may have to look serious about taking them to the G cleaners Tue or Wed.

you've got a hot-hand going, Mike. Keep it up

 

[Bullitt]

The Baltic Dry Index is up 14% this week - buy them shippers.

Birch, you're sounding like some guy on TV telling people to buy-buy-buy after the big gains have already been made.

---------

Another low volume rally. How many days in a row can the market pocket upside gains when volume remains below the 50 day moving average. Let's see, it's been almost a month now since we've seen a good volume up day.

This jobs report today was a win-win situation for the central planners. If it came in bad they could have just blamed it on the 'bad weather', but either way, how we can consider this a rebound is beyond me. The numbers don't lie. Truck traffic is down, airline traffic is down, spending is down... heck- jobs are down. When will we hit a point where less bad is no longer good? In a service based economy, if you don't spend, you don't last long. I believe that it's all about the stock market. If the market is ever up, people feel all fuzzy and warm and spend that money that they 'made' today. People have a short memory though and have already forgotten the lessons of the recent past. Besides, most 401K's aren't getting cashed out any time soon, so it's amazing to me that an up day in the market would convince anyone to buy a few more 'things' when the market is up. I guess the experts call it the 'perceived wealth effect.'

If the jobs report was so 'good' then why isn't the US Dollar confirming the this recent strength? I do have some skin in the game, but I'm still bearish and not getting sucked in by this manic complacency.

 

[coolhand]

Birch, you're sounding like some guy on TV telling people to buy-buy-buy after the big gains have already been made.

Another low volume rally. How many days in a row can the market pocket upside gains when volume remains below the 50 day moving average. Let's see, it's been almost a month now since we've seen a good volume up day.

This jobs report today was a win-win situation for the central planners. If it came in bad they could have just blamed it on the 'bad weather', but either way, how we can consider this a rebound is beyond me. The numbers don't lie. Truck traffic is down, airline traffic is down, spending is down... heck- jobs are down. When will we hit a point where less bad is no longer good? In a service based economy, if you don't spend, you don't last long. I believe that it's all about the stock market. If the market is ever up, people feel all fuzzy and warm and spend that money that they 'made' today. People have a short memory though and have already forgotten the lessons of the recent past. Besides, most 401K's aren't getting cashed out any time soon, so it's amazing to me that an up day in the market would convince anyone to buy a few more 'things' when the market is up. I guess the experts call it the 'perceived wealth effect.'

If the jobs report was so 'good' then why isn't the US Dollar confirming the this recent strength? I do have some skin in the game, but I'm still bearish and not getting sucked in by this manic complacency.

View attachment 8595

View attachment 8596

See a pattern here? :laugh:

 

[PessOptimist]

Yeah, yeah.

Birtchtree is just one of many opinions here. As you, Coolhand and others are. I am grateful to all of you for the information you post here. I am sure others are as well.

I enjoyed the pics, but thought Birtch would be older. The stockings are too dark for the outfit.

How do I know when to pull back from equities then get back in so I can get a 300% gain in the next eight years?

Who to follow, who to follow?

Want a Moosehead before the're all gone?

PO

 

[coolhand]

I enjoyed the pics, but thought Birtch would be older. The stockings are too dark for the outfit.

PO

This was one of the more attractive pics I found. The others would have put on a timeout at the least.

 

[grandma]

Who to follow, who to follow?

Well - based on the previous attachements: 8595 & 8596,
I would have to suggest: Not Birch ! There's trouble out there!
:embarrest: hoo-haa !!

 

[Birchtree]

The market is apparently looking past current concerns - corporate earnings are exploding so it could be macro fundamentals. Anyway you have to be invested to participate and if you are not - well that's what makes a market. Trim Tabs CEO Biderman says: "Investor love for bonds funds is so intense it's scary." Build the new secular bull market and the money will come - only after another 3,000 points higher. Don't those shoes make my legs look like Lady Gaga?

 

[Bullitt]

There's nothing contrarian about buying now. To be contrarian is to not buy into the crooks who are looking to sell to you. Anybody seen any upside volume lately? How about insider buying?

Don't discount what the VIX is telling us right now.

This is about how complacent investors in the stock market have become as they've assumed the 'all clear' sign.

Oddball: "These are my boys..."

 

[coolhand]

The market is apparently looking past current concerns - corporate earnings are exploding so it could be macro fundamentals. Anyway you have to be invested to participate and if you are not - well that's what makes a market. Trim Tabs CEO Biderman says: "Investor love for bonds funds is so intense it's scary." Build the new secular bull market and the money will come - only after another 3,000 points higher. Don't those shoes make my legs look like Lady Gaga?

You know what's funny about you? You readily admit and condemn the bold face lying and back room deals cut by pols to push their agendas. You understand the hypocrisy of the political landscape. And yet you buy into any feel good story about the stock market in spite of rampant corporate and central bank corruption. In spite of all the Bernie Madoffs. In spite of rigged data points. Blah, blah, blah.

There are no bullish underpinnings in this economy. They are leading sheep to a slaughter again. They've been doing it forever, but it's getting worse.

My home valuation just took another 7.5% hit this past month. I'm underwater and I didn't buy anywhere near the peak of the market. Credit card defaults and bankruptcies are still a record levels.

But obviously this and more are all a figment of my imagination.

 

[Bullitt]

That's too bad about your house Coolhand. My city is so depressed it will probably take a nationwide 50% drop to have any adverse effect here. That's not to say it won't happen.

Look. The housing market has been kept awake by the 'stimulus' and so has the cash for clunkers. We already know that information though. The amount of people telling us it's ok to 'dabble back into the market'... what the heck does that mean? What were people supposed to do for the past 12 months when we had the biggest rally in 70 years?

There is nothing bullish about this economy. The amount of empty stores I see in plazas increases every month. The amount of chain restaurants gone and empty also does nothing but go up. It's really a sad thing when America is so shallow that at the end of the day, if the stock market is up, we're on the right track. If one is selling stocks and making money from this, great, but the reality is most Americans are exposed to stocks via 401K and IRA plans. They won't be taking that money out any time soon.

Lately, the short sightedness and giddiness of the market has been completely nuts. Happy days are far from here again. According to demography, it will take about 20 years before the world starts a prosperous cycle again. That would be the period where the baby boomers kids, kids are old enough to contribute to society in a positive way.

Some thoughts:
- India and China will not save us. Think of technology in the 1990's. When P/E's are inflated as high as they are today, it leaves too much room for let down.
- The good news always comes out at the top. Analysts are raising price targets in the fan favorite stocks (GOOG, AAPL) after one of the biggest rallies in history.
- The problems of Dubai and Greece are still not over. The thing is, you can only raise taxes so much to pay off debt before you kill any growth.
- Retirement ages in American will be higher than they are right now when it comes my time to pull the plug.
- There are unknown unknowns that will inevitably lead us out of this rut. Think of the medical and tech breakthroughs we've had in the past 10-20 years. No technical analysis or options market can predict those events.