WorkFE's Account Talk

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According to the site where I found it there are no instruments and they do not use turkey call mouth pieces.
Pretty amazing.
 
There are times that it is good to be out of IFT's. If I was able I probably would have put my 25% dry powder into todays dip. At least thats what it looked like earlier today.
Low and behold at the moment it looks like a possible head fake. Sorry to anyone who bought in on the dip theory, I would have been with ya if possible.
Of course as we have seen on numerous occasions over the past 2 weeks, 4pm is a long way off.

New I should have filled up with gas this morning.:mad:

GL
 
4th Qtr, hello.
Wake up futures:(

ON Tap: September manufacturing index, Commerce Department's August data on personal income and consumption, Labor Department weekly jobless claims report, pending home sales figures.

Who ya going to believe:
http://www.cnbc.com/id/33090610

GL today everybody.
 
BREAKING NEWS: Consumer spending surges by largest amount in nearly eight years in August

Big motivator. Of course we could sell good news.
 
can someone please explain which is a lagging economic number or numbers? That is, if jobless claims are rising, would we surmise that the increase in consumer spending is limited to those employed increasing their debt load, or something of the sort?
 
Could also be people (Out of emergency money) are starting to dig into accounts that were not designed for a rainy day. Borrowing is a deffinent possibility.
A family member of mine was laid off a while back. Him and I have similar life styles and income. I started tracking where I would be if I were him. I would definately have gone through my rainy day money by now and would be looking for alternatives to pay for necessities. Of course that is assuming I've burned through unemployment at the same rate.
 
They broke me down today. Actually I have 2 new IFT's burning a hole in my pocket so I had to use 1.
Through in my 25% dry powder.

C-35
S-35
I-30

Have a great day.
 
HMM.
The bright side is if we continue down we will have another opportunity to buy C, S & I at record prices.
Not sure how low I want to follow this, How many days has it been down?
 
Ya gotta love the so called expert analyst.
4 months ago they were telling us this rally ain't goin no where. 2 months ago they told us I hope ya got on 2 months ago because were headed to 1200. Now they tell ya I told ya so.
I am starting to believe they are closet politicians:D

Anyway, risk what you can afford. The safest way to play is a disciplined strategy. Some strategies seem more efficient but discipline makes them all successful at different levels.
 
Look for NFP to be under -175K, if that happens we take it all back and then some. Today was an emotional over reaction - look how the VIX was up over 10% to 28 something. That leaves me plenty of room into December.
 
The VIX did not raise any hairs on my neck yesterday. Actually if you look over the past 4 months, even while the market was in an uptrend, it has ranged between 23 and 30. I believe when it breaks above 35 I may begin to sweat. Of course you have to be able to absorb that kind of punishment. A fair percentage of those on the tracker could, if they were inclined to do so, handle that pressure. Personal Preference.

Any type of correction should not surprise anyone. Most believed that a correction of 5-10% was on the way. Even by bullish investors. My math is not perfect but over the past few trading days we are at the low end to the middle of that already so a few % more should not be a shock. Just not ready to jump on the "sell every thing, become an expatriate, because the US is doomed" bandwagon.

GL today all.
 
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