Tsunami's Account Talk

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I camped there one night off the back of a motorcycle and, I agree, certain viewpoints made me feel like I was on another planet.


Scott Harrison
Senatobia, MS
 
Those pictures are AMAZING, especially some of the wildlife. Looks like an absolutely wonderful trip and congratulations on 28 years! Thanks for sharing!
 
Yes, very good photos. Not just the content, which is great. I can't believe you had time to stop at the moon! :laugh:
 
My long road trip is in the home stretch, six days to go. Today we'll be strolling Mackinaw Island. Looks like we might be returning home into the jaws of a hurricane in west/central Florida though, yikes.

Question: Does anyone know how often the G fund rate is adjusted? Seems like it should be daily but they've been increasing the G fund share price by the same 0.0016 amount pretty much every day for a long time despite interest rates soaring.

I've been following Master Panda Wu almost religiously this year in my Roth IRA (but not my TSP until recently), and wow am I doing well this year thanks to Wu...my IRA is now up over 500% this year, no exaggeration. Actually much more than that this morning since I'm holding a ship load of SPY Sept 30th puts. Thank you Wu! I might need those gains to buy a new roof soon.
https://twitter.com/MasterPandaWu/status/1573063357543890947/photo/1
 
flalaw97 said:
You bailed out just in time. Nice call.
Click to expand...

I think we'll see a further 10% slide between Friday's close and Halloween, so my plan is to repeat my last trade, buying in late October in the 3200's then selling in early November after a nice rally.
Meanwhile I'm hoping to keep raking in profits on my Roth IRA....I just took $10K of those profits and bought my 2022 $10,000 I bond, currently earning 9.62%.

Good grief, there's already a short Cathie Wood fund, now there will be a short Cramer fund...
Cobra's Market View ? View topic - 10/08/2022 Weekend Updat

SHORT CRAMER...
Tuttle Capital Management filed a prospectus with the SEC for an exchange-traded fund that will bet against the stock recommendations made by Jim Cramer. Symbol SJIM. It will contain 20 to 25 stocks and is due late December.

SHORT CATHIE...
This year Tuttle already launched a SHORT Cathie Wood fund: symbol SARK which wins when investor Cathie Wood’s ARKK loses [average daily volume: 3.76 million shares...it readjusts its holdings every day].

[source Barron's, 10/6/22]
 
Looks like we now have a confirmed "T" per T-Theory, which will run out of gas on about Election Day:
https://stockcharts.com/h-sc/ui?s=$NYUD&p=D&yr=1&mn=0&dy=0&id=p75845554184&a=1076618946

That fits perfectly with Cem's thoughts on a burst of buying that should appear both on Fed Day and Election Day:
https://twitter.com/TDANetwork/status/1583175570447568896

I've been riding the T up and it's giving me maybe my best October ever. :banana:
Tomorrow's dip on the "disappointing" earnings news should be a wave 4, then it's on up to 3900 next.

Bill Browder's harrowing story is something else, worth a listen:
https://twitter.com/gnoble79/status/1579600028892483584

Lastly, Robert Prechter doing what he does best, scaring folks to death, but those charts are pretty compelling.
https://www.youtube.com/watch?v=NK3IlX0qFtI
 
Yep, I need just 0.78% today to get back to even.
I might be leaving a lot on the table but I'm moving to G today, this rally is getting absurd...but could just keep on going.
My Peter Eliades software is now popping up projections near 4200!...and for IWM to get to 192 etc...
 
A respectable thought. The last time the C-fund was up four days in a row was September 7th to the 12th. It gave up all of those gains in the following three days, then continued to drop more from there for the next couple weeks.
 
One tool I'm keeping an eye on is that during past bear markets, the SPX tends to rally up to the 55-week EMA then turn back down like a brick wall.
If that's going to happen here then this rally should still have some legs, but I was too nervous to risk it.
Here's a link to the chart I created to track it. The 55-week EMA is currently at 4069:
https://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=5&mn=0&dy=0&id=p40503192894

Here's a view of how well the 55-week EMA worked in the 2000-03 bear market...

2000-03 Bear Market and 55-week EMA.jpg
 
Thanks Tom, I wish I could have more Octobers. :smile:

On another topic, yesterday I implemented a major investing strategy in my Roth IRA, one that I’ve been contemplating for years, but finally pulled the trigger on since I’d made enough cash in my Roth IRA this (thanks to Master Panda Wu!, though his bearish view has been wrong the last week or two) to do it, plus the bear market prices on the stocks I wanted were too good to pass up. I spent much of the weekend researching the 100 or so stocks in Rida Morwa’s “High Dividend Opportunities” service on SeekingAlpha.com ($520/yr, ouch, so you'd only want to subscribe if you plan to use it with a hefty portfolio, but I think you can get a free trial month to check it out), and picked the ones I wanted to make a balanced portfolio per his spreadsheet recommendations. Yesterday I bought 34 of them, which added to the 8 high dividend stocks I already had. Boy that was fun watching all the limit orders hit one-by-one, and thanks to the down market yesterday even got a few extra shares and/or lower prices on many of them.

End result, I now have a portfolio of 42 high dividend stocks, lots of different types, like Real Estate Investment Trusts (REITs), collateralized debt obligations (CLOs), MLPs, business development companies (BDCs), preferred stocks, and various types of closed-end funds, and a few “baby” bonds…some of them issue K-1's and require weird tax reporting unless they are in an IRA, so no problems there in my Roth. The end result was the total cost was $99,900...my goal was to be as close to $100K as I could get, the engineer in me will never die. The amazing payout (if none of the companies cut their dividends) will be at least 10.77% next year…10.77%!!...actually a bit higher, since many companies make special one-time payouts at the end of the year since they’re required to dispense all of their cash. So that works out to about $900/month, and since it’s in my Roth IRA it’s tax-free income. Nice! Sure the share prices may fall, maybe a lot, but Rida Morwa does his homework and is good at picking the safest ones where you can just ignore the share price gyrations unless Rida issues a sell on any of them...which is rare...

It's tempting to rollover my TSP into a traditional IRA and do this same thing with that entire account and just let the dividends/interest roll in.
 
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