RealMoneyIssues' Account Talk

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So, now what???

Market is bleeding a little after the slow grind up that has gone on today...

Let see how this goes...

Edit:
Thinking about selling longs and sitting on the side lines... that 1% drop was WAY too easy...
 
RealMoneyIssues said:
So, now what???

Market is bleeding a little after the slow grind up that has gone on today...

Let see how this goes...

Edit:
Thinking about selling longs and sitting on the side lines... that 1% drop was WAY too easy...
Click to expand...

I'm thinking about going short today. Hoping J confirms with a signal
 
bmneveu said:
I'm thinking about going short today. Hoping J confirms with a signal
Click to expand...

Maybe we'll get a end of day POMO rally and then short from there :)

Edit: looking more like a slow bleed into the close... as I watch my ill-gotten gains go down the twitter toilet...
 
S&P futures have unusual strength in the face of more bad economic data... go figure :nuts:

Oh, wait, let me go check the POMO schedule...
 
RealMoneyIssues said:
Until we get back up to the all-time highs and close above it, then close the next day higher than the previous intraday high... yes

Then I might be a believer...
Click to expand...

Well said. Until the market proves this isn't a double top forming, there's nothing but enormous risk buying in at this moment. The markets are fairly extended already (+10% above their 200 DMA's) and the intermediate seasonality is against the bulls.

Yes there's still room for gains but you gotta pick your spots and protect yourself against greed at some point.
 
Speaking of topping signals, did you notice the TV ad blitz by Rosland Capital urging folks to buy gold. It's been running for quite awhile. I wonder how many folks they sucked in at higher levels before precious metals began to tank?
 
coolhand said:
Speaking of topping signals, did you notice the TV ad blitz by Rosland Capital urging folks to buy gold. It's been running for quite awhile. I wonder how many folks they sucked in at higher levels before precious metals began to tank?
Click to expand...

Yes, and have you noticed the number of ads and articles telling the sheeple it is time to get back into the market?
 
Not all little guys are out of this market rally. A purrfect classic tempo keeps mom and pop on the sidelines or in bonds. They'll wait for the next new all time high and then it'll be 'get me in at any price.' And I'll be there to sell them an occassional wall flower at a premium.
 
RealMoneyIssues said:
Yes, and have you noticed the number of ads and articles telling the sheeple it is time to get back into the market?
Click to expand...

Birchtree said:
Not all little guys are out of this market rally. A purrfect classic tempo keeps mom and pop on the sidelines or in bonds. They'll wait for the next new all time high and then it'll be 'get me in at any price.' And I'll be there to sell them an occasional wall flower at a premium.
Click to expand...

4517f365_633564940352646100-sheeple.jpeg
 
More ominous headlines to frighten investors to the sidelines and keep them there. It's just noise to me. Combine buyouts with buybacks and new hiring, and once again you have the recipe for an extraordinary boom in asset prices. Buyout premiums are just another way stocks rise. Snort.
 
Birchtree said:
More ominous headlines to frighten investors to the sidelines and keep them there. It's just noise to me. Combine buyouts with buybacks and new hiring, and once again you have the recipe for an extraordinary boom in asset prices. Buyout premiums are just another way stocks rise. Snort.
Click to expand...

Just out of curiousity, how much value did you lose between Sep 2007 and Jan 2009?

While I know you have gained it all back, wouldn't you be better off having not lost that value in the first place?
 
Hmmm, quick question for the 100# brains around here...

What if I take out a TSP loan to supply the $10k max to the SDP which pays 10%, that would get me 8.5% guaranteed on that money while I am deployed...

Now that I write that, it seems like a lot of trouble for $800 ($50 fee deducted)...
 
My oceanic account gave back $1 million and I dumped another $800K into the market in December 2008. Kept my dividend reinvestments intact all the way down. Yes, I have made it all back and then some. In retirement you have to be able to absorb pain and keep the strategy intact because that's where the income resides - I let my capital gains take care of themselves until I harvest them at a later date. I bought housing stocks when there wasn't even a cellar yet to call a foundation - that $800K buying spree was a very prescient move and it took immense courage to throw that much more money down an already deep and dark rabbit hole. But that is what age and experience does for an investor. I'll be bullishly buying for the next 15 years and riding the cycles. I'm not trying to be braggadocio but success requires risk.
 
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