Show-me Account Talk

[Show-me]

What a difference a hour can make. Unemployment came in light and the futures are like'n it. I still think the USM will be weak until the Job #'s come out.

Off to work I go!

 

[Birchtree]

To make up, I left you a feel good in the bear cave. Growl.

 

[Show-me]

Thanks! Your sooo sweeeet. Where did you find that guy? He's nuttier than me.:nuts:

Enjoy the race.

 

[Dakota]

good luck show I won 700 playing poker the night I hink we willm have abetter than normal summer for the stock markets. lets stay on top of it.

 

[Show-me]

I too think the Fed will be dovish even with the overbought condition. It is a gamble which way to go. Lot of risk in this move.

 

[Show-me]

Ooooo, what have I done? If my butt was a coal mine, I'd be pooping diamonds. :blink: .......................:nuts:

It's not that bad. Try not to dwell on the mental image to long.

Well now that I am in the market is still overbought and due a rest. As M_M pointed out earlier it was one year ago the market made a nice correction. A correction that caused me much pain, about 5% pain. Ouch. My problem is clear. No discipline.:embarrest:

 

[Show-me]

Now I'm freak'n out! Everything hinges on the Fed Statement. Markets are overbought. Fred in in the G fund. Tom is in the F. Birch is the C fund Permabull. And I'm fully exposed:embarrest: ...............to the S and I fund. I kept whispering to myself "you got to be in to win", "the trend is your friend". Emotions are a horrible thing when playing the market.

In my feeble mind growth is slowing, cooperate earnings are slowing, but fair, inflation is rising, imports are high, exports low, personal earnings are rising, but jobs growth is slow, consumer debt high, energy high, food getting higher, housing on a major slow down.

Uncle Ben is between a rock and a hard place.


So why was it I jumped into the market with both feet? Chasing.:embarrest:

Good luck everyone! Were are those nerve pills?

 

[Show-me]

I have training at the deadline today so I will IFT to G fund.

 

[nnuut]

Cool It Show-me, it's only MONEY, Lots and Lots of MONEY!! Now you got me doing it!

 

[Show-me]

Yea I know, funny how the fate of the markets hangs on a short statement from a guy named Ben and that statement is at 2 p.m.

It is like slowly pulling a band-aid off of a very hairy part of you body.:blink:

 

[Show-me]

I'm already waffling. I have been looking at this chart, and even though the run up has a steep angle it is not uncommon. Oct/Nov of '05 and Oct/Nov of '04 had similar run ups but they were in a historically good time frame for the markets. They both continued to run a while longer.

Lets not forget PPI and retail numbers come out Friday.

I'm going to be late for work. See ya.

 

[Show-me]

I was poised and ready to jump in today until we broke 1500 on the S&P. I considered the I fund due to the OSM finish and the pop in the dollar. My only concern was if the USM would recover smartly, the dollar sell of in the afternoon, and the I fund would get a huge +FV. The risk in playing the I fund is always double, as is the reward on some days.

I will add that just because the S&P dips slightly below 1500 does not necessarily mean support is lost. Tomorrow will tell the tale, if it does not recover tomorrow then the worried face comes out.

 

[Show-me]

Looks like China weathered the storm well and the UK is patiently waiting for us to release the PPI and actual Retail Sales. Those Will be reported @ 8:30 a.m. ET.

Looking at the s&p chart, support is still intact. It is certainly being tested, but intact. Because of this I feel like jumping back in, but I hate being in the market over the weekend, Trader Fred is out, Tom is out, and the Survey is in. Hummm! Also a historically weak period, election year is a positive.

If the ED comes in hot the market will sell off more and the OSM will follow. Now the EZ and UK will have time to react to that and may rebound on Monday. The USD is waffling this morning and will be a factor.

If the ED comes in cool the markets will rally as will the OSM and EZ.

Monday will be a cool off period, no ED. Then Tuesday CPI will be reported.

 

[Dakota]

Im 80% in looks good to me just have to keep and eye out good luck show

 

[Show-me]

Good luck to you too Dakota.

 

[Show-me]

A ton of ED this week. :worried: FTSE is at the 20 dma and the Nikkie is as well. The USD has had a good rebound but looks like it needs a rest.

Definitely high risk at this point. I may pull half out.

 

[Show-me]

As I look at the ED calendar I wonder how the week will act. Tomorrow is the FOMC minutes. Could this afternoon show weakness prior to that release?

 

[Show-me]

Well the dip buyers messed with me yesterday afternoon. Was hoping to buy some C fund cheaper, but I was not very committed with only 25%.

I am thinking of rolling over to the I fund even though the China drop happened. I wonder if this is a over reaction to the increase in fees and we will get a bounce in the OSM. Japan did not take it as hard and recovered toward the end. Also if the USM rallies on the FOMC minutes the OSM may pop.

Looking at the FTSE chart almost every time the FTSE had a major down day the next day was generally up. Over course the exception was the correction triggered by...........................China.

It is all speculation on my part and I have not done that well this year.

 

[Show-me]

By the way, in case any one reading this was wondering. This is a very HIGH RISK move. All speculation.

 

[FundSurfer]

I seem to recall last year you rode the May drop to the bottom and then jitter bugged your way back to the top by years end. I'm watching for another tap dancing lesson.

I was thinking about moving some money into I-fund as a shorth term move as well.