MrJohnRoss' Account Talk

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Yes, if I plan to live off the same income then as I do now, then it makes sense. But that is a ridiculous assumption. I will not be paying a mortgage (on a non-rental) when I retire. There goes about 1/3 of my monthly expenses. I will not be driving as much to work, eating out as much for lunch, etc. Expenses will go WAY down.

I am avoiding paying 25% on the money I put in now, so that I only need to pay 10% or 15% in the future.

Keep both kinds of accounts is my advice. A Roth isn't always better.
 
Well JR (btw is your real name John?), it looks like we may get back a little on our TZA today. :) I'm crossing my fingers.
 
MrJohnRoss said:
Yeah, that's really my name. Market was due for a pullback, wasn't it? :)
Click to expand...

Ok, I just wanted to make sure it wasn't an alias and I start calling you John when that really isn't your name lol.

It was due for a pullback, but it took long enough to happen lol. Now our next question on the plate is how long will it go on for. I wonder what Bernanke is talking about today. I'm assuming this can affect what happens next week as well.
 
Spanish Debt Headed Towards Crisis Levels

"... Spain's debt yields broke above 6 percent on Monday as investors worried about its budget, knocking the euro and sending safe-haven German bonds to a record last set at the height of the euro zone crisis. Signs of slowing global growth also undermined sentiment in commodity markets while European equity markets were mostly in positive territory after sharp falls last week.
Spanish stocks were lower, however, reflecting concerns about the country's ability to finance its deficit and debt with borrowing costs on the rise.
"We're back in full crisis mode," Rabobank strategist Lyn Graham-Taylor said.
"It is looking more and more likely that Spain is going to have some form of a bailout." ..."

Be careful out there. :blink:
 
Is AAPL trying to tell us something about this market?

If so, I don't think it's saying anything very bullish.

I remember as a kid getting on the world's highest roller coaster (at the time) at Elich Gardens in Denver. The ride up was nice and slow and easy... and then it started dropping really fast! Wheeee!

This chart reminded me of those fond memories:

aapl.png
 
Looks like your link to a story(4/11) on the parabolic moves in APPL and PCLN are possibly coming to fruition. These stocks as of this posting are down pretty good! APPL ---2.6%. PCLN -4.0%, GOOG -3.30%. No surprise NDX-100, COMPQand, SP-500 are down as well. Spain as two auctions this week, Tues and Thurs. Thurs is the big one when they will auction off 10 year bonds!!! Unfortunately it looks like the same old European story with a different country this time. Could be a rough week!!!
 
A2Z1112 said:
Looks like your link to a story(4/11) on the parabolic moves in APPL and PCLN are possibly coming to fruition. These stocks as of this posting are down pretty good! APPL ---2.6%. PCLN -4.0%, GOOG -3.30%. No surprise NDX-100, COMPQand, SP-500 are down as well. Spain as two auctions this week, Tues and Thurs. Thurs is the big one when they will auction off 10 year bonds!!! Unfortunately it looks like the same old European story with a different country this time. Could be a rough week!!!
Click to expand...

You got that right! Since AAPL is the largest market cap stock on the planet, it's pretty hard to imagine the markets going up while it goes down. I think there's a good argument to say that "as AAPL goes, there goes the market".
 
Still holding your TZA? I think you said you set a stop at a 20% loss...that is a big hit to set a stop at I would think. I still have mine and I would like to see a day bring it back up to where I bought it at again to possibly get rid of it. I think Friday brought it back up to what I paid and I held it thinking this week would not be good.
 
MaStA said:
Still holding your TZA? I think you said you set a stop at a 20% loss...that is a big hit to set a stop at I would think. I still have mine and I would like to see a day bring it back up to where I bought it at again to possibly get rid of it. I think Friday brought it back up to what I paid and I held it thinking this week would not be good.
Click to expand...

Apparently this week is GREAT... up 200 on the DJIA today, woohoo... not
 
Expect More Bailouts and Self Imposed Depression as the Euro Crisis Continues / Prag Cap

"You’ve probably seen the math by now….There is just no way Italy is going to grow their way out of what some are (incorrectly) calling a debt crisis. And the other peripheral countries are in similar positions. These two headlines from Reuters pretty much sum up the situation in Italy:
“Italy to raise 2012 debt/GDP target to 123.4pct from 119.5pct, hikes 2013 to 121.6pct from 116.1 pct
Italy CUTS 2012 GDP forecast to -1.2pct from -0.4pct, raises 2013 to +0.5pct from +0.3pct” ..."
​
 
Some friends need to realize that fear is the greatest buy signal ever seen in the stock markets - give me more bad news, please. Fear should be aggressively bought, never sold. This cyclical bull will continue....
 
I'm "all in". It's just one day. 5-6% moves are commonplace, hence the 20% stop. If these moves make you uncomfortable, put your stops closer.
 
It's just one day. This is a marathon, not a sprint. I'm not concerned until we get a clear indication that the market is moving higher. The next few days should be quite telling.
 
MrJohnRoss said:
It's just one day. This is a marathon, not a sprint. I'm not concerned until we get a clear indication that the market is moving higher. The next few days should be quite telling.
Click to expand...

true. but I am really, really tired of being on the wrong side of the market...

Also, every whip day(up or down) lessens our final returns...
 
Compared to previous years markets...this year has been a rocket ride up...what whipsaw....I recall 400 point swings on a daily
basis back then
 
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