Thread: Birchtree's Account Talk

Sonders says the number of bond mutual funds that own or are buying stocks is at its highest point in 19 years.

A lot of folks have been calling highs in bonds for a long time... including me.

I would ask if that is a contrarian indicator but I usually think of bond traders as the smart money.

My oceanic account did fine this week: -$61K, -$9K, +$186K, +$128K, +$54K for a gain of +$298K. That still leaves me -$34K short on the month which I'll get back next week. "Success breeds complacency. Complacency breeds failure. Only the paranoid survive."

Originally Posted by Birchtree

My oceanic account did fine this week: -$61K, -$9K, +$186K, +$128K, +$54K for a gain of +$298K. That still leaves me -$34K short on the month which I'll get back next week. "Success breeds complacency. Complacency breeds failure. Only the paranoid survive."

Luv that quote...

Originally Posted by Birchtree

How I wish I had +$500K to spend on oil and coal stocks - I could do it in a heartbeat. An all out bull rally is not totally out of the question even from our current level.

BT,

Check out the link below...

BTU Insider Transactions | Peabody Energy Corporation Comm Stock - Yahoo! Finance

Seems to me BTU Directors are doing some serious buying down at these levels.

David Tepper is saying the market is like 1999 and 2015 is headed for overvaluation - bring me to nirvana. I can certainly use another +$1M.

Hello 18,000.

We're going to rack close to 1000 points in five or six days - that has to be a record of some kind.

Originally Posted by Birchtree

We're going to rack close to 1000 points in five or six days - that has to be a record of some kind.

I respect Tepper alot. Then he goes on to say that the market could get overvalued which could result in bubble like conditions. We just need to be mindful of what happens when the market overheats. In the interim, we need to enjoy the ride up.

Melt-Up? Earnings Vs. Animal Spirits | Seeking Alpha

This past September my oceanic account had a miss of -$420K - I plan to get every penny of that back this January.