Thread: JTH's Account Talk

You mean like in 2008?

Originally Posted by Birchtree

Remember the bull likes to take as few people to the upside as possible and likes to leave the bears from recognizing the prevailing trend. I doubt that we are in a bear market regardless of the death cross.

I find it somewhat disturbing the markets did not give us a positive pop off President Obama's spending speech. That should tell you how much faith we put in his words, meaning they carry no weight. With the Europe thing going on you'd think money would start pouring into the American indexes, but this hasn't been the case. This is not a good time to be in the markets, the risk here is not what I'd call "good" risk...

Originally Posted by JTH

I find it somewhat disturbing the markets did not give us a positive pop off President Obama's spending speech. That should tell you how much faith we put in his words, meaning they carry no weight. With the Europe thing going on you'd think money would start pouring into the American indexes, but this hasn't been the case. This is not a good time to be in the markets, the risk here is not what I'd call "good" risk...

Curiously, starting to get one now... hmmm

Prices held up rather well today, we have to be impressed the bulls were able to turn the intraday around closing in the green. Although the risk is still very high, I'm more optimistic we can work through this muddling of the markets. No risk, no pain, no gain. My chart held up today, I realize everyone and their mother sees bear flags abounding across the indexes. As I've said, I believe it to be a channel and I do enjoy being the only one to say so...

Attachment 15320

I just hope for follow through tomorrow or this may be short lived...

I belief it's a channel and not a bear flag. Sorry Jason, I couldn't resist. I "hope" you are right because I certainly don't like the alternative.

Originally Posted by RealMoneyIssues

I just hope for follow through tomorrow or this may be short lived...

Futures are up only 2 points at midnight EDT. Seems like a healthy follow through would be greater but maybe there's hesitation on commitment....

At 0500 futures were down 124 - but follow the DAX today. I hope I can do some buying.

Originally Posted by Birchtree

At 0500 futures were down 124

Really? I missed that. What was the cause, did you hear?

More fear about European banks especially the French banks ability to borrow dollars. I have Barclays on my buy list for today.

I'm not in the I fund but am confused as to why it is still lagging today. European markets are higher and the dollar is lower so shouldn't EFA be up quite a bit relative to domestic funds?