RealMoneyIssues' Account Talk

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+Futures were down, dip buyers came in so it looks like we will have another neutral opening with promises of another up day.

Looks like a new high in the Dow is in the cards in the very near future... But what about the S&P-500? That is a bit higher and 1525 has been resistance... Will 1525 survive another hit?

Feels like 1Q CY 2012... but this time it is much more frustrating, stupidity abounds :nuts:

Woohoo, just the news needs to break out to the upside...
http://www.marketwatch.com/story/feds-yellen-backs-maintaining-easy-policy-stance-2013-03-04
 
RealMoneyIssues said:
Interesting...

60 Minutes' China's Ghost Cities - Business Insider

Can anyone say... Detroit?
Click to expand...
I just spent a week in china and saw it first hand. Ita deffinitely real. But don't be confused by the term ghost town as I was. The cities have not been abandoned... they never had anyone in them to begin with. From what I understand its part pre planning, its part china has a **** load of money, and the most interesting part is China has virtually NO middle class (which is changing).
 
k0nkuzh0n said:
I just spent a week in china and saw it first hand. Ita deffinitely real. But don't be confused by the term ghost town as I was. The cities have not been abandoned... they never had anyone in them to begin with. From what I understand its part pre planning, its part china has a **** load of money, and the most interesting part is China has virtually NO middle class (which is changing).
Click to expand...
Dang!! where did they get all of that extra money? View attachment 22711
 
k0nkuzh0n said:
I just spent a week in china and saw it first hand. Ita deffinitely real. But don't be confused by the term ghost town as I was. The cities have not been abandoned... they never had anyone in them to begin with. From what I understand its part pre planning, its part china has a **** load of money, and the most interesting part is China has virtually NO middle class (which is changing).
Click to expand...

Neat! Work related travel k0nkuzh0n? How was the air? Whenever I see pics/video Beijing or other cities in mainland China I gotta wonder how people are surviving that smog. But then, Pittsburg was that bad in the 50s wasn't it?
 
If a retiree is in cash equivalents at least their money is safe even if not growing - I'm happy to be in risk equivalents such as stocks and my cash is growing. So we all take our chances when we play the game of life. Thankyou Janet, keep up the QEs - I'm all in and then some.
 
Khotso said:
Neat! Work related travel k0nkuzh0n? How was the air? Whenever I see pics/video Beijing or other cities in mainland China I gotta wonder how people are surviving that smog. But then, Pittsburg was that bad in the 50s wasn't it?
Click to expand...

Personal travel to visit a friend and experience the Chinese New Years firework show... It was simply amazing. I may never appreciate a firework show in the US ever again.

I went to Shanghai and I didn't notice any difference in air quality from the US. All those people you see with those medical masks aren't because of air quality; they are people who are sick and wear them out of respect to others so they don't spread the illness.
 
banghead.gif


OBTW, I also forgot to start off the week by saying that this market is not going to go down... Just ask Birchtree, Jimmyjoe, etc

$85 Billion a month of buying bonds and MBS will free up banks (not you and I) to be able to buy equities to prop the market up.

Only way this thing is going down, is a Black Swan event... anyone see one around?

Europe is quiet (Greek austerity anyone? Italy trying to leave the Euro zone?)

Sequester was a non-event.

CR expiration in 23 days will be a non-event as soon as the GOP caves to yet more tax increases without matching spending cuts.

Unlimited spending limit expiration in May, then another debt limit non-event so that the GOP can yet again cave to more tax increases without matching spending cuts.

No budget still, so we are spending like it is FY2010 (big increase in budget amount when they finally passed a budget)

Looks like the institutions will continue to sell their shares of equities to the retail investor. Once the retail investor is fully in this market, "something" will happen (see previous comment about said Black Swan event).

B&H is the way to go!! :nuts:

Looks like today would have been a decent (not great though) day to buy in... figures
rant.gif
 
careful. right when wall street has everyone thinking the market can't go down, that's when **** hits the fan.
 
sniper said:
careful. right when wall street has everyone thinking the market can't go down, that's when **** hits the fan.
Click to expand...

RMI said:
Looks like the institutions will continue to sell their shares of equities to the retail investor. Once the retail investor is fully in this market, "something" will happen (see previous comment about said Black Swan event).
Click to expand...

Exactly...
 
If i had unlimited ift's, sure maybe you could buy all the little dips.

But I only have two. And I'm not in the market. I'm out.

So until some sort of pullback occurs, for me, this is not the day.

Plus your little doji post didn't make me happy either.
 
rktect1 said:
If i had unlimited ift's, sure maybe you could buy all the little dips.

But I only have two. And I'm not in the market. I'm out.

So until some sort of pullback occurs, for me, this is not the day.

Plus your little doji post didn't make me happy either.
Click to expand...

Considering the market is pumping up at the moment, it looks like a confirmation of the last 3 days high breakouts. Probably means last Monday was the last buy in chance we will have for awhile.

I am also in G, so I guess we'll watch these gains from the sidelines together.
 
rktect1,

Perhaps it's time to think about an outside online stock account so you can fully participate - today I have 15 dividends doing my heavy lifting. So I'm usually always buying a wall flower no matter the market activity. Anything bought today will only be more expensive in the future - locking in previous gains. It's all good.
 
It sucks to miss out on market gains but I find its better than missing the market losses. For some reason a loss hurts more psychologically.

Bt. I have about 10 mutual funds and three stocks which all automatically reinvest dividends.
 
A loss can be made up - missing out on gains cannot. When the market is in decline you know where the absolute bottom might be - however, when there is a bull running free the top can be a long way off leaving considerable gains on the table. Mutual funds reinvest their dividends and capital gains only once per year - stock payouts are four times per year.
 
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