coolhand's Account Talk

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coolhand said:
I've been saying that for some time. Things are bad and primed to get a lot worse.
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You wouldn't know it if you watched Closing Bell, Fast Money, Bloomberg or even Nightly Business Report on PBS tonight. All were very positive. Weird. Nightly.. also seemed to discourage refinancing your home. Really weird.
 
They have their script to stick to. It's largely coreographed.

We're probably going to see a late August/Labor Day rally, which they'll all point to as "proof" things are getting better. :rolleyes:

And then the hammer comes out and it's lights out.

Of course, that's just my cynical take. :cheesy:

malyla said:
You wouldn't know it if you watched Closing Bell, Fast Money, Bloomberg or even Nightly Business Report on PBS tonight. All were very positive. Weird. Nightly.. also seemed to discourage refinancing your home. Really weird.
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I wish I could. Today looks to be green though. But there's no guarantee that more than a moderate rally will be realized either. Look for the S&P to tag 1070 or so on any sustained rally. I'd be selling if we get that high.

Warrenlm said:
I'm hoping for that rally to sell into. Would you please identify the day? :)
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coolhand said:
They have their script to stick to. It's largely coreographed.

We're probably going to see a late August/Labor Day rally, which they'll all point to as "proof" things are getting better. :rolleyes:

And then the hammer comes out and it's lights out.

Of course, that's just my cynical take. :cheesy:
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You!? Cynical? I never .... ;)
 
coolhand said:
Look for the S&P to tag 1070 or so on any sustained rally. I'd be selling if we get that high.
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So far that doesn't look like it is going to happen. And if hits around 1070 at the end of the day. Good for all that are still stuggling in the C fund. :toung:
 
nasa1974 said:
So far that doesn't look like it is going to happen. And if hits around 1070 at the end of the day. Good for all that are still stuggling in the C fund. :toung:
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Of course, it has to hit 1,050 before it goes anywhere higher; and that is looking less likely at this moment - SPY just dived off a cliff as I am writing(2 pm EDT, 8/26/10), and it's not looking good for tomorrow - unless you are looking for a nice peak to bail out of F-fund; that's what I'm thinking about doing.
 
amoeba said:
Of course, it has to hit 1,050 before it goes anywhere higher; and that is looking less likely at this moment - SPY just dived off a cliff as I am writing(2 pm EDT, 8/26/10), and it's not looking good for tomorrow - unless you are looking for a nice peak to bail out of F-fund; that's what I'm thinking about doing.
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Doesn't look good.:sick:
 
amoeba said:
Of course, it has to hit 1,050 before it goes anywhere higher; and that is looking less likely at this moment - SPY just dived off a cliff as I am writing(2 pm EDT, 8/26/10), and it's not looking good for tomorrow - unless you are looking for a nice peak to bail out of F-fund; that's what I'm thinking about doing.
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I've been playing that F fund for awhile now.....not for sure how much higher it can go, but that has been my question for a week now and it keeps creeping higher.. Anyone have comment on the F fund and how long can this last?? :confused: If I understand it right, Equities goes down, investors slide to Bonds for security, but then again I know just enough to make myself think I know what I am talking about!! :toung:

Blindman
100% F (May look to an IFT on Monday or next week sometime :rolleyes: )
 
I actually wasn't looking for 1070 today, but over the next few trading days. This market is really acting like a bear now though. Rallies are fleeting.

nasa1974 said:
So far that doesn't look like it is going to happen. And if hits around 1070 at the end of the day. Good for all that are still stuggling in the C fund. :toung:
Click to expand...
 
Blindman said:
I've been playing that F fund for awhile now.....not for sure how much higher it can go, but that has been my question for a week now and it keeps creeping higher.. Anyone have comment on the F fund and how long can this last?? :confused: If I understand it right, Equities goes down, investors slide to Bonds for security, but then again I know just enough to make myself think I know what I am talking about!! :toung:

Blindman
100% F (May look to an IFT on Monday or next week sometime :rolleyes: )
Click to expand...

Thought that about F myself, but too many boomers have had their fill of the game and just want to park somewhere besides savings bonds, CD's or MM accounts.
I decided on 80/20 (20 spread around), doing >1% IFT's as I DCA C&S over the next 2 months when the market usually tanks. As the value goes down, I can acquire more shares but do the IFT thing to keep the percentage of risk relative.
Kind of a Birchtree seedling. :laugh:
 
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