Nordic's Account Talk

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Nordic said:
Agreed Burro, it sure gives me an uneasy feeling seeing industries such as manufacturing and even fishing dwindle over time. I especially agree with your last statement, and am fortunate enough to be living it.
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Nordic
Happy New Year to you and the MB
I'm not trying to be nosey, but what do you do ? :confused: I agree with you and have told my sons that same thing. Find a job/field that you will enjoy or your days and nights could be very miserable. I work for NRCS and we do conservation work and I LOVE it for the most part. a lot has changed in the past 30 yrs. but i can stand it for awhile longer.

guchi
 
GUCHI said:
Nordic
Happy New Year to you and the MB
I'm not trying to be nosey, but what do you do ? :confused: I agree with you and have told my sons that same thing. Find a job/field that you will enjoy or your days and nights could be very miserable. I work for NRCS and we do conservation work and I LOVE it for the most part. a lot has changed in the past 30 yrs. but i can stand it for awhile longer.

guchi
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Good to hear from you Guchi, and Happy New Year to you as well. Our career fields are pretty similar from the sounds of it, I work in fish and wildlife management and couldn't ask for a better job. I could do without most of the agency politics, but it sounds like that is a common gripe most of us have. Congrats. on your fast approaching retirement, getting excited?
 
Nordic said:
And today we had our 3:30 buying friends making a move...the magical half hour. :suspicious:
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I had a very reliable sell signal today (short term) that didn't pan out. Something's up and it's not just the market. Monday should be very interesting, if not the whole week.
 
If I can make the same amount of money next week that I made during a quiet week this week I'm prepared to spend $100K on stocks just because I can. Looking for five months to the upside before any real trouble surfaces. But don't take me seriously - it's better to stay on the lily pad with Steadygain while the bull stampedes.
 
Birchtree said:
If I can make the same amount of money next week that I made during a quiet week this week I'm prepared to spend $100K on stocks just because I can. Looking for five months to the upside before any real trouble surfaces. But don't take me seriously - it's better to stay on the lily pad with Steadygain while the bull stampedes.
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I'm sure you mean 5 months of upside with no down days too. :D

You're already had your VIX under 20 and I didn't see any selling. :rolleyes:
 
The VIX closed out the day at 18.13 down 0.93. No reason to be in a hurry. Although we all realize that hesitation can be expensive I plan to pull a small trigger next week. Perhaps when you decide to enter the arena. Take a look at 1995 - hardly any give back for an entire year.
 
Birchtree said:
The VIX closed out the day at 18.13 down 0.93. No reason to be in a hurry. Although we all realize that hesitation can be expensive I plan to pull a small trigger next week. Perhaps when you decide to enter the arena. Take a look at 1995 - hardly any give back for an entire year.
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Let me just remind you and anyone else reading this thread that I am not out of the market because I'm bearish. Quite the contrary. The Seven Sentinels have been on a buy since 21 Dec and had I had another IFT last month I'd probably be in right now with all the other stock holders. The SS system has the last word and it's a buy. I'm still out only because I've been expecting a better entry point, but I'm not getting it. But that's not a permanent condition.

Yeah, yeah, hesitation expensive.

It's also expensive when the market's tanking and one hesitates to get out.
 
Touche! I'm not waiting around for the correction - I'll know it when it hits me. Until then when my hoof gets caught in a bear trap I'm working on buying myself into happiness.
 
I don't blame you CH, it's been on a buy for a while. About the time you stepped in it would flip to a sell and lock you out of IST's for January.
 
coolhand said:
Let me just remind you and anyone else reading this thread that I am not out of the market because I'm bearish. Quite the contrary. The Seven Sentinels have been on a buy since 21 Dec and had I had another IFT last month I'd probably be in right now with all the other stock holders. The SS system has the last word and it's a buy. I'm still out only because I've been expecting a better entry point, but I'm not getting it. But that's not a permanent condition.

Yeah, yeah, hesitation expensive.

It's also expensive when the market's tanking and one hesitates to get out.
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Now this is why I love this MB, we get to discuss the battles that rage inside each of us every day :D. Good stuff! I'm a bull by nature (really, I swear) but at this point I'm in the same boat as CH, looking for a better entry point. Mega kudos to those who have stuck it out this long and picked up an additional 3-4% so far this month in the B&T 500, but we'll see how long it lasts....the markets just seem ripe for a rest. One thing I'm trying to improve on over last year, is having more patience when deciding to make a move.

During the bull run of 03-07, I vividly recall Tom talking about how long it had been between 20% corrections. At that time, I was just getting my feet wet in the TSP and was blissfully unaware of what a significant correction or a bear market could do to an investor's psyche. I guess you could call me spoiled during that period of time. After what we experienced in 2008, I'm finding it difficult to regain my bullish nature...caution is ruling the castle right now. However, being overly cautious cost me approximately 15-20% during 2009, after the March 9th lows. Being on the sidelines basically the entire month of November cost me 5-6% alone. So at this point I'm just trying to better hone my skills and tolerances during all market conditions. Maybe one day I'll regain my blissful bullishness once again...for at least a few months at a time anyway. :rolleyes:


From Mr. Swenlin:
"Bottom Line: We have been in an extended period of low volatility, and a period of high volatility is sure to follow. That will probably materialize as a medium-term correction; however, the long-term technical outlook is positive."

http://www.decisionpoint.com/ChartSpotliteFiles/100108_cspot.html
 
Wall Street, Poliiticians

"We're facing a protracted period when bonds deliver nothing but losses for folks -- just as the funding crisis I've written about before (read "The next crisis has already begun") is due to make itself visible this year. The only question is whether problems will erupt first in the bond market or the currency market. We'll probably learn a lot more on that score between now and March, when Federal Reserve chief Ben Bernanke is expected to end quantitative easing, by which the Fed has pumped money into the financial system."

http://articles.moneycentral.msn.co...all-street-politicians-still-dont-get-it.aspx
 
VIX

VIX down to as low as 16.9 this morning before creeping back up. Anybody locking in your hard earned gains yet?
 
Lock some gains only if you're a contrarian. This low a VIX is saying to mom and pop that the way to profits is cleared - get your money out of bonds and buy equities. Snort.
 
Stocks according to Cramer...bullish

"You get those charts, and you get blown away. That's how I felt this weekend after I perused my S&P 500 chart pack that I get delivered every Saturday. Other than an occasional defensive pick, a Kimberly-Clark (KMB) or maybe a Colgate (CL) -- that second one could have been a downgrade from Friday -- I just don't see a lot of rollovers coming."

http://articles.moneycentral.msn.com/Investing/top-stocks/blog.aspx?post=1541957&_blg=1,1541957


Well, the way things are going I might have to finally take the plunge without the better entry point I've been waiting for. Still a tough call though....like alot of you, as soon as I jump off the lilypad, wham...bubba bass gobbles me up. :cool:
 
Entry point today?

Well, here I am again on the fence. This morning's futures are indicating a lower opening that may not last, much like most of the past week...markets start out lower then grind their way higher throughout the day. Could today's possible weakness finally be presenting an entry point? Could we be reaching, or have we reached the top of this climb and ready to rollover? Just about everything I've been reading lately indicates we could have more to climb before we take a breather...hopefully it'll last 2-3 weeks before that happens. Should I be more patient? Tough call. If I do jump in today it'll be a combo of C/S weighted more to S.
 
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