The Dow closes off only 12.86 due to the gain in IBM - a day for the small cappers to remember for sure. Maybe the S fund will close off over $0.40 - sorry for the pain but that's the game. We can now relax as we begin to approach the intermediate top with the SPX going over 1326 and above. The VIX has provided some extra breathing room closing out at 17.37 +1.50. That's now a long way from 14.66. This consolidation could prove to be a one day wonder so I'm going to hold tight and nurse my wounds. Snort.
I like TSPTalk and I think most people here are well-intentioned but if I followed their advice, I'd be hunkered down in my basement with a thousand cans of tuna fish.
Nope I came in at #51 - Arghh.
Ok - I see what happened the I fund went up a tiny bit but the Yahoo
site showed it as down around -0.70. I based my guess on the Ifund
going down about that far.
Ah well!
I like TSPTalk and I think most people here are well-intentioned but if I followed their advice, I'd be hunkered down in my basement with a thousand cans of tuna fish.
What a special turn of fortunes. The newly minted lily padders and F funders sitting comfortably in the top 50 will end up eating Birchtree hoof dust for the next 8 trading days. The S fund may remain relatively weak for the next couple of days and I can absorb that pain. My wife says that when I loose my a$$ like I did today I need a larger cushion. I took a nice hit in my oceanic because of my small cap positions ($81K) and she reminded me I've eaten worse. So let the good times roll. I did get to over pay for my coal stocks I bought early on - but then I did have about 5 dividends come into the account today - so it will all work out for the bull to rampage.
Hey! I have 2% in the I fund I'll have you know. Lily pad, indeed!
I like TSPTalk and I think most people here are well-intentioned but if I followed their advice, I'd be hunkered down in my basement with a thousand cans of tuna fish.
mommy, sniff, the market made me cry today, will you go get them for me, sniff?
100g
There seems to be a lot of clucking to the lily pad today which was predicted. The VIX is peaking at 18.57 +1.57 which could mean the worst may already be over. Watch out for the whipsaw. It's a one day wonder to roll back the oscillators. I'm not in the mood to cut and run - just bring me some pain. Nothing in the fundamentals has gotten worse only better going forward. We are looking at constructive cyclical or short term forces and these will provide direction for the market for the next year. Staying long and strong. I still say this market quality is reminiscent of 1995 and serious money is going to be made.
No doubt more of the recent IFT activity has been to safety.
However, with 625 on our tracker now - only around 125 are 100% G. which isnt much
Birch, your eternal optimisim must be influencing the noobs!
I like TSPTalk and I think most people here are well-intentioned but if I followed their advice, I'd be hunkered down in my basement with a thousand cans of tuna fish.
I agree with you Birch about having to stay if I was in the market.
It was due for a little rest/reversal I believe this may last for another couple of trading days and jump up on Monday or Tuesday.
I got out early this month but ready to get back in soon.
Watch this magic trick. First watch the market go down a little until the 25th. Then the president speaks. Then the market goes up nicely getting all our money back and then some, until February . Then all bets are off till May, though I still dabble in the market during the early Springtime.
Currently it looks like I won't be building buying power until sometime next week - I have to make up the $81K hit from yesterday and anything that might be added to it today. I could sell some stock out of the lamb chop account and raise cash but there just isn't a big desire to do that - I'm patient and I do have dividends working. Any quick rebound may set a pattern for the year. The bulls are in charge of this bull market - save Ferdinand.
I am set and prepared for the unthinkable - a parabolic, panic, buying stampede to push us right back to resistance at SPX 1300. There sure are some superlative golden prices available to the serious accumulator of equities. Not a propitious time to seek safety.
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EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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