clester's Account Talk

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weatherweenie said:
Man, Japan is bringing the pain.
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clester said:
It's getting scary over there. Will that come here? Remember when we had 5% swings?
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Living in Japan and getting paid in USD, I'm always watching the exchange rate. There's a definite inverse relationship with the yen and Japanese stocks right now. When the Nikkei was surging, the yen slumped - making my dollars more valuable. Now the Nikkei is crashing and the yen is strengthening again. I'd like to see things stabilize at about 100=$1. I want to buy a new car! (pre-owned rental, but newer than the recycled scrap heap I drive now).
 
Sensei said:
Living in Japan and getting paid in USD, I'm always watching the exchange rate. There's a definite inverse relationship with the yen and Japanese stocks right now. When the Nikkei was surging, the yen slumped - making my dollars more valuable. Now the Nikkei is crashing and the yen is strengthening again. I'd like to see things stabilize at about 100=$1. I want to buy a new car! (pre-owned rental, but newer than the recycled scrap heap I drive now).
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people going crazy over there over the market? in 2011 it was more or less panic in the state. People kept talking in the office about it.
 
On a comparative basis, Japan's monetary stimulus is three times the size of that in the USA. Granted, they were late to start but they will catch up.
 
law87 said:
people going crazy over there over the market? in 2011 it was more or less panic in the state. People kept talking in the office about it.
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Well, I'm a teacher at an American school, and we're pretty notorious for being ignorant when it comes to money issues. So no, I haven't overheard any discussions about the Nikkei at work. But the Japanese news covers it extensively. Yeah, it's a big deal for sure.
 
Sensei said:
Well, I'm a teacher at an American school, and we're pretty notorious for being ignorant when it comes to money issues. So no, I haven't overheard any discussions about the Nikkei at work. But the Japanese news covers it extensively. Yeah, it's a big deal for sure.
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...for a country that own 2-3 large automaker, a vareity of electronic giants, how are they in a recession.
 
Today is a good time to point out the virtues of the 50-50 allocation. If I had sold 100% and we had this bounce I would have been screwed. Now I can at least claim some victory because I'm still in 50%. It keeps your emotions from getting the best of you.

I am screwed in a way though because I can't go back in 100%. I'm ok with that. (What choice do I have?)

I would like to see us get back above the highs to see if the rally can continue. But We are nearing the time I thought we could get the sell off (July) so I'm not too upset being in 50%.
 
We held the 50 dma again. It's becoming the line in the sand. I would like to see us get a higher high from last week and eventually an all time high to get this rally back on track. Otherwise, the June swoon my lead to a summer slide. I'm thinking its a little early to start the correction but I could be wrong. My stop is now the 50 dma.
 
clester said:
We held the 50 dma again. It's becoming the line in the sand. I would like to see us get a higher high from last week and eventually an all time high to get this rally back on track. Otherwise, the June swoon my lead to a summer slide. I'm thinking its a little early to start the correction but I could be wrong. My stop is now the 50 dma.
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If we can get above 1650 I think we can run back up to all time highs. Maybe some buying ahead of the Fed next week. Who knows. But we are still in a Bull market and prices above the 50 dma. My system says stay at least 50% in stocks in this scenario.
 
clester said:
If we can get above 1650 I think we can run back up to all time highs. Maybe some buying ahead of the Fed next week. Who knows. But we are still in a Bull market and prices above the 50 dma. My system says stay at least 50% in stocks in this scenario.
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Exactly why this last couple weeks has been... frustrating :)
 
clester said:
Today is a good time to point out the virtues of the 50-50 allocation. If I had sold 100% and we had this bounce I would have been screwed. Now I can at least claim some victory because I'm still in 50%. It keeps your emotions from getting the best of you.

I am screwed in a way though because I can't go back in 100%. I'm ok with that. (What choice do I have?)

I would like to see us get back above the highs to see if the rally can continue. But We are nearing the time I thought we could get the sell off (July) so I'm not too upset being in 50%.
Click to expand...


I might of mentioned this before but the 2 IFT limit really sucks!
 
we are in a range right now. Nothing to do but hold tight. Sell point is the 50 dma. We have a short term slow trend up with a lot of volatility. Not my favorite kind of market. But as long as we hold the 50 dma I'm still bullish.
 
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