Intrepid_Timer's PUBLIC Account Talk

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I fully expect a HUGE POP next week, maybe starting on Monday.

The "facepalm" photos on Yahoo concerning the downgrade nearly guar-an-tee it my friends. Those that ran to Bonds will get royally whipsawed, etc etc.

Also expect the International Stocks to skyrocket, seen as a "safe haven" by many.

Meanwhile, back on the farm - the dumb money, :blink: :blink: :toung:
 
As Adam Hamilton over on my thread recently said; "This sub-support plunge also greatly increases the odds that this sell off is not only over or soon will be, but will lead to a new highly profitable sustained cyclical bull market up leg. And odds for a sharp rally immediately after a fast selloff and meaningful fear spike (40) are ver high."
 
peh160,

Sometimes the best you can do is stick to a plan of dollar cost averaging your positions and let fate do the rest. If we have a 400 point up open Monday there is no way to take advantage of that unless you are already long. It will all depend on Italy. We are not headed for a recession - all this panic and fear created is only a head fake in an on going bull market. The bull is trying to shake people off - it happens with regularity.
 
I don't understand why everyone thinks the sky falling and there will be a big sell-off in the markets Monday? The US stock market is much bigger than the US government. Practically every company has some sort of international exposure and has basically become a global market, not just a US market. Who cares if the US government can't pay it's bills? It doesn't affect Exxon, or McDonalds, or Catepiller, or Google, or any number of foreign companies that list on the US exchanges does it?

I'm gonna turn into Birchtree for a minute and say "You all keep selling, I'll keep buying"............:toung: Heck, I might go get a low interest loan while I can and buy some more!! Okay, now I'm getting carried away...........
 
Hey, I've got a pile of 0% offers sitting on my kitchen table - these offers last for 12 months. It would actually be a good move to hedge some risky bets by buying into this market. I've got ample support off the March '09 bottom that I can fall back on for cash so they are just sitting there. But I'm a hard buyer come Monday no matter the market activity - I'm greedy for more dividend income.
 
Birchtree said:
peh160,

Sometimes the best you can do is stick to a plan of dollar cost averaging your positions and let fate do the rest. If we have a 400 point up open Monday there is no way to take advantage of that unless you are already long. It will all depend on Italy. We are not headed for a recession - all this panic and fear created is only a head fake in an on going bull market. The bull is trying to shake people off - it happens with regularity.
Click to expand...

Yes, that is what I always did until I saw Intrepid's gains the last few years. I can see trading for higher returns just doesn't pay for me. I admit, I am out of my league here and I am scared. :embarrest:
 
You guys do realize that there is some truth to the statement that negative thoughts manifest negative actions don't you? ;)
 
tsptalk said:
Despite all of the confusion over the last few weeks, props are due. Today's buy was a great call by your system!
Click to expand...

need alot of catching up though :o especially ETF lol i took a loss so bad that i dont even want to look at the account
 
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