WorkFE's Account Talk

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There is no question that about 2:30 yesterday the market buckled my knee's like the perfect curve ball. You can swing at it but it's to late, you are not going to hit it and you are going to look silly. Water under the bridge and nothing we can do about it. We are not the only ones who have a vested interest in the markets improving. I'm sure there was a rational decision for Bove's remarks and I'm sure the timing of it helped some of his buddies make some extra coin.;)
We have been stair stepping up this market for awhile and pull backs have been pretty common so I am not concerned at this time but I plan on stepping up some in the batters box and drilling the next perfect curve ball.
 
Continued stair steps ^^^^^.
The VIX wrestles between 20.50 and 22.50 which provides me an easy feeling for now. I had planned on the beginning of a slow withdraw into the garage once below 21 but I need to see it stabalize under 21. I believe I'll go with BT on this one (<20) which will probably be the stabalization I'm looking for.
No big news being reported tomorrow, which is actually kind of scary. All it takes is a blip of a world event or someone who's known to flap their gums and we could fly or tumble.
Futures are up right now. The dollar has put the brakes on momentarily. It might be time for me to move out of the I fund for a while.

GL tomorrow everybody.
 
Patience and Fortitude vs. Emotions and Fear. Man it is tough to be in during the last few days. Couple more days like that and I'll be back in the G. I still have about 3% to play with to stay above my annual goal of 15% but we need to put the brakes on this slide before what is in the market jumps ship and starts a free for all.
CH's SS is in sell mode, I know your on edge and I'm paying attention. BT gonna save some of that 1M or flush, I got my eye on that one also.
I should have bailed from the I fund today, maybe tomorrow. We've all been here before.
 
With a close to a 10% up push on the VIX today - that provides me some much needed breathing room. I did take a little profit today to help with my margin deduction for tax return when it rolls around. Otherwise I want to hold onto everything I own.
 
As the VIX pushes higher this might be a good time to rest. Still holding close to 3% above my annual goal. Depending on how tomorrow unfolds I may move my I fund holdings to the garage for the time being which should provide some relief if we continue to go lower.
I guess I need to poop or get off the pot since I can't seem to pull the trigger on my I fund holdings.:D
 
That, Ladies and Gentlemen (You to BT) was a good old fashioned A$$WHOOPIN.
I have dropped below my goal line and still have not moved my I fund allocation.
Take a deep breath and by noon tomorrow conduct an Interfund Transfer to the G fund. In the event I forget will someone please remind me tomorrow.:nuts:
 
This is a normal correction from these high levels - the pain has already been delivered. We have corrected 5% to date. We've had one that was 7.1% and one that was 9.1%. And you saw what happened after all seven previous corrections.
 
There is nothing to do at this point but laugh. These daily big swings are going to tell you nothing.
Where we go from here is anyones guess.
 
As the last few weeks have shown, the bears are not hibernating they have been merely knapping. They will wake occasionally for a snack.
I remain causiously optomistic that we will sideways trade for awhile as big money does not want to over commit either way. These huge swings absolutely will keep everybodies head on a swivel.
Kraft food, Mastercard and Viacom report tomorrow which could be a barometer for the rest of the week.
The Fed's low rates have been a big driver for stocks and is something we definately want to keep an eye on, that and we could break the 10% unemployment level both of which could result in a friday like day. Be weary, I know I am.
If you have managed to keep some of the gains from the past 7 months nobody would fault you for sitting out a couple of rounds. Then again ya gotta be in to win.:D
Good luck everybody
 
Did you see what happened to Black and Decker today - up 11 points on a take over. I think we'll see more activity of this kind while prices are still golden. And yes, I do own it.
 
Move along people. Stop rubber necking. There is nothing to see here. Move along.
 
Nice looking futures this morning. Lets see if we can make alittle $ this week.
Not sure if the correction is finished but the buying towards the end of the week sure gave me the impression that the correction would be haulted at 6%. Only time will tell so stay on your toes.
News wise it looks like Thurs & Fri will be the days. Walmart, Walt Disney, JC Penny. Should be interesting.
The VIX has retreated to a more comfortable position, lets see if we can keep it like that this week.

GL everybody
 
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