FogSailing's Account Talk

[FogSailing]

I read that the majority of the older British generation are in favor of Brexit while the younger are Bremain. One person indicated that since the older generation is more likely to vote, Brexit may happen. If it does happen, Goldman Sachs indicated a potential downside for stocks of up to 11%. They didn't give a number to the upside in the Marketwatch article. Also indicated that in the short term the Sterling, Dollar, and Euro gain under Bremain, but lose under Brexit. I found this quote from an analyst interesting "Any society that gives up a little liberty to gain a little security will deserve neither and loose both. Benjamin Franklin." Made me think of the Patriot Act when I read that." Leave it to the original founders to give you a kick in your thinking cap.

Of course there's always the Eagles famous words from Hotel California " You can check out any time you, but you can never leave".

Best of luck to all in the next few days. Today I'll be reducing exposure to 30% - 10S-10C-10I.

FS

 

[FogSailing]

Decided that FEAR resides today. Changed IFT to 90G 10F.

FS

 

[ravensfan]

Decided that FEAR resides today. Changed IFT to 90G 10F.

FS

Lots of fear out there. Did you see the VIX today? Auntie Em it's a twister, it's a twister!!!:nuts:

 

[airlift]

I read that the majority of the older British generation are in favor of Brexit while the younger are Bremain. One person indicated that since the older generation is more likely to vote, Brexit may happen. If it does happen, Goldman Sachs indicated a potential downside for stocks of up to 11%. They didn't give a number to the upside in the Marketwatch article. Also indicated that in the short term the Sterling, Dollar, and Euro gain under Bremain, but lose under Brexit. I found this quote from an analyst interesting "Any society that gives up a little liberty to gain a little security will deserve neither and loose both. Benjamin Franklin." Made me think of the Patriot Act when I read that." Leave it to the original founders to give you a kick in your thinking cap.

Of course there's always the Eagles famous words from Hotel California " You can check out any time you, but you can never leave".

Best of luck to all in the next few days. Today I'll be reducing exposure to 30% - 10S-10C-10I.

FS

FS,

Does anybody know, whether someone can get some relative news from the UK, as to who is ahead between Brexit and Bremain?

 

[jpcavin]

Why would a BrexIt be a big deal?

I'm getting on a plane in a few hours heading for Cali so I can't change my mind this time LOL.

For your next trip, Delta has Gogo In-flight Wi-Fi

 

[FogSailing]

Hi Airlift:

I'm only have one persons thoughts on this and that is because they are a personal friend and he is a bit conservative in all things. So, not a lot of help there airlift. For myself, I'll read and view Marketwatch before any of the other clown tv. BTW: Market started up on major volume but volume is down to a third of where it started....makes me wonder what the afternoon holds..

FS

 

[airlift]

Hi Airlift:

I'm only have one persons thoughts on this and that is because they are a personal friend and he is a bit conservative in all things. So, not a lot of help there airlift. For myself, I'll read and view Marketwatch before any of the other clown tv. BTW: Market started up on major volume but volume is down to a third of where it started....makes me wonder what the afternoon holds..

FS

Thanks FS. Btw, where do you read the volume indicator depicting a 1/3 drop from this morning. Marketwatch or Stockcharts? Tia.

 

[FogSailing]

Hi Airlift: I use Yahoo's service to track the market.

FS

 

[DreamboatAnnie]

hi Airlift, I only see the volume on the SPX chart on any chart site. Bigcharts.com (create a chart) or on Stockcharts.dom. I don't think they track intraday volume for DWCPF.

 

[FogSailing]

Seems like the line in the sand is 2040. PPT will have it's work cut out to keep it above that line today. Monday is another story.

FS

 

[FogSailing]

In Tulsa. Just finished some of the world's best barbeque at the Knotty Pine. Tomorrow we're in Arkansas. Watching the markets. Tomorrow I'm guessing we begin the drop back to 2000. Still waiting for a good entry point.

FS

 

[burrocrat]

In Tulsa. Just finished some of the world's best barbeque at the Knotty Pine. Tomorrow we're in Arkansas. Watching the markets. Tomorrow I'm guessing we begin the drop back to 2000. Still waiting for a good entry point.

FS

at least tulsa time seems to be a whole lot more temporally relevant than some of your other time zone poker and hangman responses.

 

[FogSailing]

You're exactly right Burro...since retirement I have to admit to being time challenged. Most days I don't care what day it is except Sundays because I like Game of Thrones and TSP Poker or Tuesdays or Thursdays because they are golf days and sometimes River Poker days. Life is good. Tomorrow the quest moves to Arkansas. All the best.

FS

 

[FogSailing]

Youza... what a trip....literally..

After Tulsa we traveled to Jonesboro, AR. to meet up with Shield Maiden's sister and my brother in law. She was pulling my leg about Eddie's Toadsuck...That women is dangerous....she thinks too fast and she enjoys what she does...she and Shield Maiden were on the floor laughing about the Toadsuck thing.... but enough about them...

Ok...on to the adventure...My brother in law introduced me to Kentucky Tavern and Four Roses. Both very nice, with a bit of a bite but an enjoyable aftertaste nonetheless. He and I downed about 2 shots each during the tasting experiment, then downed 2 or 3 more after just because. These were High Rye ( I know why that call it that now) whiskey and they have really nice flavor. Yesterday we went into Memphis for barbeque and while there enjoyed 2 shots of 1792 and 2 shots of Makers 46. I fell in love with the Makers 46. It is so flavorful. They had Angel's Envy but not the Single Barrel version which is supposed to be their premium stuff so I'm holding out. Don't want to spoil the party.

Today we're headed to Nashville for the Grand Ole Opry and to find Angel's Envy Single Barrel and Bulleit Bourbon. I'll let you know what I think after. This is tough guys. When you can pick any QUALITY desert you want, it's hard to find one that is the favorite? Fun stuff for sure. The only other two that are on my list right now are Larceny and Rebel Yell. Wanted to drive to Bristol, Va. just for fun but my muscles are saying head home. Looking forward to trying as many as I can on the return trip on Tuesday.

With regard to the markets, still waiting for an entry point. The market is insane. Makes absolutely no sense. I guess the CB's are enjoying flooding the world with money. Who knows, maybe their strategy is working. More later.

FS

 

[FogSailing]

Good article. Worth the read...

Something Huge Is Coming From Japan - GoldSeek.com

FS

 

[FogSailing]

Anybody understand what happened to oil? Talk about raining on the parade...Tomorrow jobs....hoping for positive numbers tomorrow...really hope we don't see a pullback to 2050...

FS

 

[airlift]

Anybody understand what happened to oil? Talk about raining on the parade...Tomorrow jobs....hoping for positive numbers tomorrow...really hope we don't see a pullback to 2050...

FS

FS, do you have an estimate of how many jobs would be considered acceptable for the markets to keep rising? Tia.

 

[FogSailing]

FS, do you have an estimate of how many jobs would be considered acceptable for the markets to keep rising? Tia.

My guess: Anything above 140k and the markets soars, anything south of 140k and the market tanks...

Of course, if the market sees poor jobs numbers as extending or reducing the interest rate...the market could soar on bad news..

It's always a mind trip...

FS

Sent from my SM-T550 using Tapatalk

 

[FogSailing]

Arrived in Sedona tonight. Long days drive but now about 2 hours from the house. What a splendid trip. Not in the mood to write much tonight but will catch up tomorrow. Hope the jobs numbers are good and the market rockets up. Don't expect us to have a big window before a big pullback. We are at or about at the "summer doldrums" part of the market. Heard a trader indicate the markets should be up through next Friday. That works for me.

Looking forward to getting back to TSP Poker. The guys (and gals) in the Poker Group make the market look simple..

FS

 

[FogSailing]

Just FYI. R2000 Chart

View attachment 38787

FS