WorkFE's Account Talk

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Couple of days like that can realy help take a bite out of last years losses.
Futures are down this morning. Goldman up Citi down. Both dissapoint the market. Wonder how today will unfold. Possibly some profiteers will back out. Overseas had mixed results but mostly up. I look for the dollar to remain weak for a while longer which will assist the I Fund but tread lightly.
Crash is a pretty heavy word, corrections are normal in an upward trending market. This guy may be going alittle over board but if your IFT's are used with good foresight you could capitalize on the corrections or just let it ride.
http://www.cnbc.com/id/33305452

Good luck today everybody.
 
I had thought about moving some to the G Fund but after looking over the MB's IFT's I decided to hang awhile longer with the risk crowd. You all are foot loose and fancy free.:laugh:
 
WorkFE said:
I had thought about moving some to the G Fund but after looking over the MB's IFT's I decided to hang awhile longer with the risk crowd. You all are foot loose and fancy free.:laugh:
Click to expand...

I believe you made a Wise choice. My Thoughts.

Consolidation Day Today after Yesterday's Big Move.

Google and IBM Report Awesome Earnings After the Bell.

Markets Up Tomorrow, Then Reevaluate. :nuts: :blink:
 
Markets up until March 2010 - very little correction available because of overwhelming liquidity. Hedge fund managers are career oriented and are being forced to acquire stock.
 
Thanks P-Man and Birch. I would have only moved a small % anyway.
Look Mom, I'm hanging out with the Big Boys:D
 
WorkFE said:
Nice little bounce today. Hopefully it will hold up in the afternoon.
Click to expand...

transportsshowing momentum that if it hits that double top, it'll pop through it... QQQQs and XLF looking like some additional momentum can play out through the day. AAPL and a bunch of other are going to rpt after the close. AAPL is actually coming off a support level so i'm inclined to think it will pop versus sell off at the news. Primed for some fireworks this week.
 
Sounds like a potential small continuation tomorrow. Some might see that as a safe time move some into the garage.
I'm thinking 1120ish before a small correction.
 
this will be like early-mid July on the SPX, DWCP, EFA... breakout of patterns and a nice upward extension.
 
Ah the roller coaster blues. Mixed results can cause flat days and profit taking can lead to lower closes but no way did I think we would give back all of yesterday. I know it's early so I'll relax, breath in-breath out.

The VIX is mostly silent so far today which could be a good sign if your worried about a continuation of todays action into tomorrow.

What else is new:
http://money.cnn.com/2009/10/19/new...ings.fortune/index.htm?postversion=2009102012
 
Grandma posted this and I found it to be good reading. It is not something I spent much time thinking about but there is one part I found interesting.

http://www.victorhanson.com/articles/hanson101809.html

Lately more than ever I try to obey the speed limit, overpay my taxes, pay more estimates and withholding than I need, pay all the property taxes at once, pick up trash I see on the sidewalk, try to be overly polite to strangers in line, always stop on the freeway when I see an elderly person or single woman with a flat, leave 20% tips, let cars cut me off in the parking lot (not in my youth, not for a second), and patronize as many of Selma’s small businesses as I can (from the hardware store to insurance to cars). I don’t necessarily do that out of any sense of personal ethics, but rather because in these increasingly crass and lawless times, we all have to try something, even symbolically, to restore some common thread to the frayed veneer of American civilization

I do all of this out respect and curtiosy. I do it because thats the way I was raised. I do it because many of good soldiers continued teaching where my parents left off.
I also patronize as many of Selma’s small businesses as I can without ignoring the band box stores.
It is personal ethics, Of all of those influential people in your lives throughout the years who took the time to mentor you even though you were an @$$h0!e young punk.
Has it ever occured to some that the increasingly crass and lawless times are partially our fought. We go about our lives without giving a second thought to stepping into something that we don't feel directly involves us. We walk away say dumb @$$ teenagers. My Grandfather would put his foot in my butt if I acted that way. No sir, No way, I refuse to retreat into the shadows to live my own existence. I will not let this Nation turn into a gang of lawless thugs. And I'll do it one kid at a time, even if they are not mine.
Thanks for the article Grandma.
 
Sorry I just wanted to vent before looking at the fund prices after todays action. I feel better.
 
Oh, it wasn't that bad. We are trending side ways and that remains bullish - no actual harm has been done to the technicals yet. The VIX did drop into the 20 level today though at 20.90 down 0.59. The earnings from the weak dollar will begin to show up in Q4 earnings and that will be very bullish for C fund participants.
 
Thanks Grandma, Sorry OBG I did not want to start a debate on your thread. I found it very interesting. The person is not alone, I see it in peoples faces everyday. It is frustrating to see communties torn apart because neighbors do not know each other. Shameful.
 
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