WorkFE's Account Talk

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I was waiting for the profiteers to show up. I thought I was wrong at 3pm. Whata ya gonna do.:nuts:
 
After last year, today should not have even registered on ones radar. It's understandable that people are cautious. A lot of people on the tracker have worked extremely hard to get to where they are for 2009. There are investors out there working to get their $ back, don't want to do it slowly and don't care who they are stepping on to do it. Just remember they only win when they get you to buy back in at a higher price than when you sold.
There are alot of smart people on this MB (I'm not one of them). But what I have noticed is they are all cautious. But until they panic, relax and enjoy the scenery.

In other news: http://money.cnn.com/2009/12/03/news/companies/what.next.wells.fortune/index.htm

If they default does that mean I don't have to pay off my Wells Fargo Mortgage.:D
 
grandma said:
maybe 2-3 calls a week !!:(
Click to expand...

My wife and I have a standing agreement. If we don't recognise the # we don't answer it.

Tomorrows nonfarm payroll #'s will be the driver tomorrow. There will be happy and unhappy investors. I don't believe it will be seesaw action like we have seen the last few days. Thats not a prediction:blink:
 
This market does not want company. They will let you join (with peace of mind) once they determine what they want you to pay.

Roller Coaster. O O O
 
Just gliding along- make some, lose some, make some, lose some. We have certainly had some news over the past 2-3 weeks that 4 months ago would have caused moving and shaking. It seems as though for the time being the market has hardened itself against the dailey market information. Maybe it is waiting for the market to catch up. It seems to be suspended waiting on some confirmation. IMO I believe the only thing that is going to jar it loose will be a surprise jobs report. (one way or another)

So for now, lace up your skates and lets go gliding.
 
November retail sales climbed 1.3%

Later today the preliminary consumer sentiment index for December is due out. That number is expected to be 68.5 from 67.4 in late November.

October business inventories and November import and export prices are due out today.

Overseas markets up and the dollar down against most except for the Yen.

The retail info will drive the market today.
 
The wife and I made our anual trip from central KY to central PA. Left on friday evening and arrived around noon saturday. Always does my soul some good to drive through the Tuscarora, Blue, Kittatiny mountains.
Not sure why, other than the peacefulness (Other than the traffic):D

We decided to commit more time to the troops this year during the holidays so we took our personal time earlier than normal. Should be a fun time.

We stopped at a Best Western about 1/2 way. Good service. About half full. Not an extreme amount of traffic on the roads but then again we are a week earlier this year.

Come on Santa Rally:D
 
Alot out there to move the market. Unfortunatly the news is nothing that we have not seen lately and we've just stagnated.

http://money.cnn.com/2009/12/14/markets/dollar.reut/index.htm

http://money.cnn.com/2009/12/11/markets/dollar/index.htm

One hurts the I fund one helps it.

Citigroup announced early Monday it has reached an agreement with the government to repay 20 bn in TARP funds.

Best Buy posts results Tuesday, and software maker Oracle reports Thursday.

Be vigilant later in the week as quadruple options expiration, a quarterly event when stock index futures and options and individual stock futures and options all expire at the same time.

This should prove to be an interesting week.:)
 
Nice close on todays action. Good start to the week. Long week ahead of us so dig in and be patient.
And remember "If you don't have anything nice to say don't say it at all" or "If the bad thing you are saying is along the political party line your safe no matter who you offend"

Have a great evening everybody.
 
My wife and I are done here in PA, now were headed to Michigan. Gives me a chance to go through the Tuscarora, Blue, Kittatiny mountains again.
My mother has 10 brothers and sisters so with their children being grown and all of them having children it is a very big family. It was a very nice visit but I'm tired. Kinda ready to get back to my KY holler to some peace and quiet.:D
But we'll head to michigan for a few days to visit her twin sister. Our brother in law also has a very big family:blink: No rest for the weary.

Futures are up this morning. I believe we will recoup yesterdays losses (just continueing to glide side ways, Up alittle down alittle)

Fed expected to hold the fed funds rate
EU drops charges against software maker Microsoft
 
I suppose yesterday could open your eyes. Not sure if that was an attempt to shake the bulls or the beginning of a sustained pull back. In any event I'll be holding C35, S35, I30 for atleast the first few days of next week. I should have pulled back on the I fund but traveling around the country made it difficult. Oh well.

GL next week everybody
 
I would not be surprised if we take back all of yesterday - quadruple witching. Get set - go.
 
What a week. Drove to PA and cleansed my mind in the mountains, although not as majestic as those out in Colorado it still felt good. Left there on wednesday, good thing or we would still be there. Just missed the snow.
Went to Michigan and did some shopping with the in laws. Lots of people in the malls which surprised me, also quite a bit of traffic on the roads. My brother in law and I managed to slip over to Gun Lake in southern Michigan to look at some property, very promising.

Markets open tomorrow mourning, lets see what the short week has in store for us.
 
As I check the markets I am reminded the days are long but it is nice to see some green. I sit comfortably 100% in CSI mostly because I believe the chance of a drastic pull back have diminished significantly. Not that we won't have down days, for sure there will be days I wish I could time but I have not had much success. I will hold my positions awhile longer or maybe today or tomorrow might be a good time to retreat some of my funds from the I.
I believe our biggest market shaking news in 2010 will be political news. Earnings news will most likely be viewed throughout the year as positive only because for the most part we will gauge it against 2008-2009. Not much of a challenge there.

May all the members of the MB, their families and friends have a very Merry Christmas, a Happy Safe New Years and a Prosperous 2010.
 
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