Thread: Birchtree's Account Talk

Originally Posted by Birchtree

Afishegg,

Gee, I didn't mean to get under your skin. If 72% of black kids in this country are illegitimate - how many kids is that. More than 80% of homeless families are single mothers. They all need wooden nickles held between their knees. Licentious Democrat policies have ruined the African American family - blame it on the Great Society from LBJ.

I still like you, Birch.

How is the garden doing?

Birch,
I'm a different man -- really am -- and thrilled for the change.

I'd say if we dealt with the 'specifics' of any program - anyone of the thousands eating away the money - that each one would have to offend any and all attached to it. I don't think it makes any difference what particular group is most reaping the perks supplied. If one race or gender is more attached to any particular one - is not the issue - they are simply the ones most benefitting from a program the Government offers.

Burrocrat asked which programs we should cut back on?

I believe it would be too difficult to select one over another - (and picking any group simply shows a bias stance). The best thing is simply to make a reduction in every single one of them - say a 10% reduction. Then there is no 'bias' and one group will not feel 'singled out'. Let that ride for awhile - then make another reduction (maybe 5%) and put a better screening system in place.

Well - my Sticky Pants are the heavy duty variety - much more expensive but guaranteed to keep you in place for the long run.

Even a 1% cut (an actual cut, mind you) would be better then this bill.
All it does is slow the growth they had projected and there really is no guarantee of that.

FAB1,

I just picked my last bunch of green beans and polished off my last two tomatoes. All I have left now are carrots and I'll be pulling some this weekend. I think I'll plant tomatoes in containers this fall so if I get a freeze I'll just take them into the garage. I'm not going to do much in the garden this spring because I'll be back and forth from North Carolina - going to land me a lake place. I missed most of the down side action today because I was mowing my back lawn and pulling weeds - but the hit wasn't all that bad. I may start looking over my lamb chop portfolio incase I need to scramble but I have plenty of buffer yet.

I believe we have triggered a Dow Theory sell signal - but I'm going to ignore it for the moment. A death cross would be a different story. The last hurdle would be cleared for a sell signal if both Dow averages close below their May-June closing lowes, which are 11,897.27 (11,866.62) and transports at 5060.95 (4942.27). Should I cut and run - no way but I am looking at my lamb chop account as my escape hatch if I need one. A positive slope on the 200-day moving average does not mean the market will be easy to navigate, but it does mean the odds still favor bullish outcomes over bearish outcomes - time will tell.

The last time we had a Bearish 50/200 SMA Death Cross on the S&P 500 it was a buying opportunity.

Attachment 14804

We are placing a nice kangaroo tail right now - get ready for the bounce that is coming off all this negative sentiment.

Originally Posted by Birchtree

We are placing a nice kangaroo tail right now - get ready for the bounce that is coming off all this negative sentiment.

I hope you are right.

It's a happy day for the long term investor that is interested in accumulating shares. My daughter will gain more shares this week in her Roth 401K plan and my wife will get more shares in her defined contribution plan - this foolish selling is an opportunity for many dollar cost averging types. I'm holding the thin blue line.

This is really sobering, my balance is back to where it was in January................if only I had transferred to F fund a few weeks ago. Thanks BT so being so optimistic about the market, I dont want to lock in my losses at this point.

There is no reason here to panic like the youngsters managing money for hedge funds - they do this nonsense all the time. They are however helping to lower the budget deficit because they'll pay taxes on their gains. So let'em sell their hearts out - soon they'll have to run to get back in eating hoof dust all the way back up. I'm still not feeling any anxiety yet - though the market has my attention. Only one dividend due today - maybe more tomorrow so I can accumulate more shares. There are so many companies increasing their payouts.