burrocrat's Account Talk

[Tsunami]

I hope the rope is a bungee cord. I saw oil reversed sharply down at the same time stocks did, but haven't seen any reason for it. Wild ride. If the November low (2019) doesn't hold I might have to pull the rip cord. Do you see it dropping briefly below 2019?

 

[burrocrat]

I hope the rope is a bungee cord. I saw oil reversed sharply down at the same time stocks did, but haven't seen any reason for it. Wild ride. If the November low (2019) doesn't hold I might have to pull the rip cord. Do you see it dropping briefly below 2019?

i don't know. i don't read charts or waves or anything like that. i feel. it had that sick feeling this morning, like there was something big out there, like something bad was going to happen, like it was going under.

i worked for the better part of 5 years on a boat, with a key crew of 5 and a skipper. it takes faith. every man must pull his weight, even when he is afraid, others count on it, it takes a village. if one fails all fall.

the scary part is not when it rolls over, then it just is and you do what you do. i have rode two boats under, one back up, both i floated long enough to find purchase and solid ground eventually. it happens sometimes. no, the scary part is the 99 other times it felt like it was going over but didn't, that is when you learn discipline, and faith.

the good thing about the devil is, you can always count on him smiling back.

 

[Khotso]

Thanks for the encouragement Burro. Employing Rope a Dope strategy until I wear the bums out!!! :nuts::nuts::nuts:

Ditto ... or run out of money. Haha.

 

[burrocrat]

whoooo, the market brought some heat today. it looked bad at first but only a minus 1%, how does i fund finish up a 1/4 when everything took on water? that international game is rigged. f fund bonds is funny money too and the fiats are gonna pull the rug. tough game.

there is more pain coming, one more big shot to shake the tree free of all but the toughest nuts. wait for it.

on a side note kangaroo... survivor abi is gone, finally, she lost me when she lost that cute little belly, too hard an animal that one.

 

[MrBowl]

One of the reasons the I fund gained today is that the dollar fell a lot. The fund calculates its value based on factors only a few geniuses know, then at the close of each day it's converted back to dollars. That helped today.

 

[burrocrat]

One of the reasons the I fund gained today is that the dollar fell a lot. The fund calculates its value based on factors only a few geniuses know, then at the close of each day it's converted back to dollars. That helped today.

yep, rigged.

a card sharp does not need to know how or when or even why the deck gets stacked, just that events are outside the normal distribution, beyond what seems 'right'. you can't count that until much later, but you can feel it right away. nice job on the fold today, only worked if one was in i fund, some others will be crying in their free market casino cocktail. it will come around, it always does. but sometimes the wait is unbearable.

 

[burrocrat]

ha! funny events at the grocery.

so i pick the checkout counter at the end, the one with the heavy gal, they always like to chat and stall with a customer so they don't have pick up the broom or windex. she asks the classic question, did you find everything you are looking for tonight? but she looks me in the eye and says it funny, not normal.

so i say not really, but you don't sell that here. she goes 'oh yeah, what you need?' classic. so i say a couple strippers and some coke. she smiles and says i can't help you with that, but i can make you laugh. ha!

i tell her she's right, she just did. pretty sure she would've sold me some weed though, classic transient hookup lines. that is why you can never ban bad behavior, because it finds a way to happen, even in grocery stores. good thing i'm not into that. anymore. tempting though, good decisions.

 

[burrocrat]

don't be fooled, the market has one more big flush coming, wait for it.

 

[anthony]

Yep. Big question dwelling on my brain is Yellen/FOMC. It would make sense to think that after all the effort they've made to tell everyone the rate hike is going to happen, that it would be "priced in" already. But then making sense and this market's behavior don't really go in the same sentence. Man, do I wish I could DCA into this thing over the course of about 4-5 days. If I could, I'd start today. As it is I'll probably take the plunge Monday or Tuesday. I just hope the market doesn't plunge me with it.

 

[jonfresno]

on a side note kangaroo... survivor abi is gone, finally, she lost me when she lost that cute little belly, too hard an animal that one.

She'd break me in half.. She got that crazy thing goin' on..

Not to worry, she'll have the belly back in time for the finale. Problem is they don't sport bikinis for the finale. Probst needs to do something about that.

 

[burrocrat]

ok, i'm going in. it looks like it might bleed off another percent today by the close. then lets run it up and get out early next week before yellen starts running her suck. wish me luck.

75c 25s cob today.

 

[ravensfan]

ok, i'm going in. it looks like it might bleed off another percent today by the close. then lets run it up and get out early next week before yellen starts running her suck. wish me luck.

75c 25s cob today.

Good luck Burro! I was contemplating an exit today, but since you jumped in, I'm sticking.

 

[Whipsaw]

ok, i'm going in. it looks like it might bleed off another percent today by the close. then lets run it up and get out early next week before yellen starts running her suck. wish me luck.

75c 25s cob today.

12:00?? 11:50 would be awesome! Of course, I was away from my desk anyway... will likely jump in tomorrow.

 

[burrocrat]

12:00?? 11:50 would be awesome! Of course, I was away from my desk anyway... will likely jump in tomorrow.

yeah, it was a last minute decision, was helping with the office potluck and had a few minutes to check and it seemed like the market was going to sink through the afternoon which is what i was looking for, but the 4 hour lead time from ift deadline to market close bit me. we'll see how this plays out, maybe i'll get lucky, i still think there is some pullback that needs to happen.

 

[burrocrat]

well since i am in now i guess i better ditch the crash-baby-crash pessimist hat on put on my go-baby-go hat. i am encouraged that it bounced off yesterday's closing level 3 times, but we'll see where it goes from here soon enough.

i happen to think that a fed interest rate increase is actually good for the long term and i think the market is over the panic and will eat it just fine, but who knows? if i can get a few percent out of this trade with some positive seasonality maybe buoying it up then that would be great and i would love to get back out. as usual though, if it tanks and the bottom falls out i am probably riding it all the way down to zero if that's what it takes. i am 15 years away from needing the money and it will all be gravy if i last that long so i am a patient man. but that sure would screw up a decent performance this year so far if it does drop. i thought about that before i got back in, for about a split-second. i just can't help myself sometimes if it feels right i do it and pull the trigger, if nothing else just to see what happens. life is pretty exciting. i like it.

 

[Lakebound]

Subscribed.

Frank

 

[burrocrat]

Subscribed.

Frank

was it the free money back guarantee?

 

[Lakebound]

was it the free money back guarantee?

Yes, I especially like that you pay out in Confederate Money. Seriously, Just seems to be a very light approach that you engender here about life as well as in your trades. Very interesting reading, thanks.

Frank

 

[burrocrat]

ooohh nnooooo, this is not looking good. it appears i was early to the party yesterday and paid a premium to be first in line for the pain. oh well, i'm a market junkie and it had been too long since i got my last fix, i was starting to get all sweaty and shake, i feel a whole lot better now in a sick kind of way. it ain't no fun hangin around the casino if you don't have any chips on the table. so here we go, cocktail!

 

[ravensfan]

Sometimes I hate being the coyote...


https://www.youtube.com/watch?v=hz65AOjabtM