RealMoneyIssues' Account Talk

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An interesting take on POMO:

Everyone thinks POMO determines whether or not the Federal Reserve can pump the markets up. Let's be real here. The Fed (Plunge Protection Team) has been back stopping the markets using unlimited funds since the late 1980s. If the Federal Reserve needs to push up the markets, they call their buddies at Goldman Sachs, JPMorgan and Black Rock and say hey, please buy the markets here. It is done. No questions asked. This is the price the banks pay for having free money and unlimited bailouts for eternity. Pretty sweet deal for the banks imo. Just remember, there could be no POMO for a year and they could still do it.
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Double edged sword was drawn today, Yes more money printing BECAUSE we're not coming out of this gracefully.......hence the movement......
 
RealMoneyIssues said:
We're not coming out of it... nothing in the Fed statement said they WERE going to taper...
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Which means now that all the companies have readjusted for lower earnings next quarter, the markets must adjust accordingly.....Stagnate! I think the bears are done and will force this down a bit.....but hey, I'm just one guy.
 
Frixxxx said:
Which means now that all the companies have readjusted for lower earnings next quarter, the markets must adjust accordingly.....Stagnate! I think the bears are done and will force this down a bit.....but hey, I'm just one guy.
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Bears are done? They were killed days ago, today was just the icing on the cake for the bulls... tomorrow is going to go much higher now that the chickens have sold out.
 
RealMoneyIssues said:
Bears are done? They were killed days ago, today was just the icing on the cake for the bulls... tomorrow is going to go much higher now that the chickens have sold out.
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Futures are up, which indicates the sell off at the close was a Bear trap. Gotta love being on the sidelines or worse yet, Short. :'(
 
Since I am talking to myself again :)

More good news with the ISM out, so now the market should hit 1710 very quickly on 1st day of the month retirement account contributions and euphoria from a 7% July and no tapering from the Fed and and and...

We are now at 1704!
 
After a quick (aka rough) calculation, if this ends up being a SPX bull flag break out from the recent move up and consolidation, the target is about 1810. I need to resolve a few money management rules (position size, stops, those kinds of things) before I am ready to get back into the market...






RealMoneyIssues said:
If you are a bear...


DON'T LOOK AT YOUR ACCOUNT BALANCE !!!


faint2.gif
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RealMoneyIssues said:
After a quick (aka rough) calculation, if this ends up being a SPX bull flag break out from the recent move up and consolidation, the target is about 1810. I need to resolve a few money management rules (position size, stops, those kinds of things) before I am ready to get back into the market...
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Just be careful. I'm starting to hear some capitulation in your voice. Good luck to you my friend. I'm in second guess mode myself, especially coming into this 2 month time frame. Endeavor to Persevere, resolve what you must.:)
 
Bquat said:
Just be careful. I'm starting to here some capitulation in your voice. Good luck to you my friend. I'm in second guess mode myself, especially coming into this 2 month time frame. Endeavor to Persevere, resolve what you must.:)
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Thanks. I capitulated 4 weeks ago when the pain got too much and now, had I not, I would have doubled my losses...

RealMoneyIssues said:
Ok, decision time...

I have decided to stay in G for the foreseeable future.

My "system" has failed and with a whopping 2.45% so far this year (yes folks, that is all I have for 6 months worth of IFTs and worry) I have to step back and realize I am not cut out for this... At least in the G fund (now getting a 2.125% rate), I will finish the year a little over 3.5%, which will at least keep me above the inflation rate (not the criminally reported Fed inflation rate of <1%).

Sorry BT, but I still have no confidence that the dow will be 30k by 2015, so I won't be parking in C or S...

The F fund is an abysmal failure and more than likely will continue to fail while equities are the only game in town...

So, with no "crystal ball" and a failed "system" I have no choice but to step back and ponder my options before I actually lose money...

Good Luck everyone!!
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If the jobs numbers are good tomorrow we could see another +20 point gain in the SPX. You should allow yourself to get brushed along within the venturi effect.
 
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