Mapper's Account Talk

I wouldn't fault you for doing so. My left leg is a rather gnarly piece of flesh but I don't like my limp getting too much in the way of making economic headway

Interesting recommendation. Do you feel there is any chance of declared dividend?

Edit: I think I'd rather take my chances on BAC. A gambling man could certainly justify a small position in either and just see what happens in 5,10,15 years. Placed in long term perspective the risk isn't necessarily high.
 
Busy days.

For now, I'm staying in. I see a lot of chatter about people moving into equities...I wonder what has changed as last week it was fear, doom & gloom. I guess moving sideways without correcting makes people feel better about support levels.

Is this the beginning of the bear capitulation...or is this how traps get set?

I'm betting on the former happening first.
 
uhhh....Houston???


Bernanke is talking, and when bernanke speaks, markets move. 'D he basically said that inflation in the U.S is subdued, the markets are taking that to mean no more QE and so are moving down in answer to his remarks. Bloomberg is carrying the latest if you wanna know more.
 
nah, clearly the bulls were just in the end of day, post chocolate, coma. Asleep at the switch. Obviously they just needed me to alert them to what was happening! :laugh:
 
Continue to stay in. I'm nearing a tipping point however. I've absorbed some losses and will need to see more than a few good days to make this a "winning trade". I'm watching the slow decline carefully and trying to determine IF and when it may be appropriate to move into cash (G fund) and preserve some capitol hoping for even lower prices on equities.

It's hard to see recent gains slowly eroding but I'm hoping this rest is exactly the bulls need.
 
Ok, there's a whole lotta negativity and crying over spilled milk going on. Don't get me wrong...this pause, consolidation, correction, whatever it happens to be sucks. I'm heavily invested and my finger WANTS VERY BADLY to hit sell. This is tough decision and I'm not sure what exactly I'm going to do. Sell and wait for lower prices to re-enter, buy these prices to reduce my cost basis, or just play wait and see a little longer.

Now, I want to put some perspective on the recent market movements:
From the home page...that some of us know about :)

As of the close yesterday for 2012
S is up 11.22%
C is up 8.94%
I is up 10.45%

For the month of March:
S is down 0.59%
C is down 0.08%
I is down 0.29%

Sure there were some loses at the end of Feb too, but the point remains

We haven't fallen far. If you're a bear, you're still hurting and hoping, hoping, hoping like mad you'll FINALLY start to see some forward progress. If you're a Bull, you've still got a good amount of breathing room. We may have lost a few $$ in last 2 weeks but only in small increments, the bears do not appear to be in control.

Be alert, be wary, but don't be rash. Remember your financial goals and don't fret any autotracker positions; do you need to preserve capital and hang in the G fund until this uncertainty passes or can you tolerate risk in the equities fund?

I don't like losing money but I can tolerate risk and I still have some optimism so I'll likely remain in.
 
I'm staying in.

Personally back in black on this trade. I think we will, at a minimum, make another strong push to break Dow 13000. I'm not going anywhere until we do that again. Will re-evaluate at that time but I think we can break and hold above it.
 
Looks like we are making our break over 13000 and the recent highs. Now, of course, will it stick. I very much enjoyed RevSharks afternoon commentary from 3/12, still free access today. It's the mindset I've embraced and it's good to see an experienced hand on the same page.

Edit!!: Apparently I forgot to hit refresh before that post...looks like 13000 did not stick on the first push. Lets try that again! Little more commitment folks!
 
Close enough for me. Let's hope it sticks. Gotta be a lot of folks out there feeling underinvested. At some point the bear suits need to come off.
 
Sold a chunk of TNA this morning at $61.54. Missed the uptick because I had to run a freaking bake sale for our Employee's Association. At least the gov't doesn't need to pay for our cafeteria napkins or to send out a card when someone retires :rolleyes:

Keeping my TSP 100% in equities...for now.
 
Why I am leaving Goldman Sachs
"Greg Smith is resigning today as a Goldman Sachs executive director and head of the firm’s United States equity derivatives business in Europe, the Middle East and Africa."

"It might sound surprising to a skeptical public, but culture was always a vital part of Goldman Sachs’s success. It revolved around teamwork, integrity, a spirit of humility, and always doing right by our clients. The culture was the secret sauce that made this place great and allowed us to earn our clients’ trust for 143 years. It wasn’t just about making money; this alone will not sustain a firm for so long. It had something to do with pride and belief in the organization. I am sad to say that I look around today and see virtually no trace of the culture that made me love working for this firm for many years. I no longer have the pride, or the belief."

http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?ref=opinion
 
Back
Top