Thread: Nordic's Account Talk

Originally Posted by Birchtree

I think we'll take out a new resistance line sometime in June - and I plan to be 30G when that happens. I just want my equity bubble.

Well my friend, it'll make news when you move that much over to G. So far, I haven't read much in the way of bullish predictions for Q3-Q4, so it looks like you'll be right on track. I'm trying to break my recent tendency of over-managing my account and stay in equities longer during these upswings despite the possibility of 2-4% pullbacks. I end up costing myself more by being out for too long, than what I would've saved by being on the lilypad during a minor gyration.

It will take me six months to get to 30G - but I'll remain 70C and just take the hits when they come. Futures are already looking fine this evening. We could have an excellent day tomorrow with the VIX going back into the 16 level. I'm trying to buy myself into happiness.

How true

http://articles.moneycentral.msn.com...-investor.aspx

From the article; "...people hate to be responsible for their own pain." I've always welcomed my pain levels because I knew opportunity was just around the corner. Sometimes no pain means no gains. I've on occasion driven some on this board crazy becasue of my comments about accepting and enduring pain - never let them see you cut and run is what I say you'll create panic.

Originally Posted by Birchtree

I'm trying to buy myself into happiness.

Nice one Birch, I'm looking to diversify in March and will probably drop to cash then back in on a CSI position & then to slowly buy back into C on some good return days.....

B&H this fall!

"If you own Chinese stocks or Chinese real estate, you should worry about the bursting of this bubble. It could easily take prices of Chinese stocks down 20% or more. After all, the Shanghai market fell 21% between July 31 and Aug. 31 last year. That was in the middle of the huge rally in global markets."

http://articles.moneycentral.msn.com...-in-china.aspx

"Bottom Line: The abundance of negative divergences keeps waving the caution flag for a correction; however, the complete lack of new lows indicates that we are only witnessing cyclical weakness during an ongoing bull market, not a major top."

http://www.decisionpoint.com/ChartSp...115_cspot.html


Again, a tough market to call right now. I'm trying to be patient and not pull the plug too early this month, still two weeks to go with only 1 IFT remaining. Thanks TSP board, really didn't need those additional IFTs anyway

Yep, don't you love the limits.

"Johnson is not alone. "I hate to say 'This time is different,' but I think it may be," says David Wyss, the chief economist for Standard & Poor's. With overhanging debt at the household and national levels and a serious trade imbalance, it will be difficult to return to the stronger growth patterns of the postwar years, Wyss says."

http://articles.moneycentral.msn.com...-recovery.aspx


A daily dose of bearishness, need to knock that bullish sentiment down a bit.

"After the trust fund is exhausted -- which, according to projections, will happen in 2037 -- Social Security will be able to pay out only about three-quarters of its promised benefits through 2083."

http://articles.moneycentral.msn.com...rity-last.aspx

"To conclude: Contrary opinion works because it capitalizes on assets that are mispriced, both too high and too low. And, importantly, it lowers the risk if you are wrong. Employing a contrarian investment strategy doesn't ensure investment success, but it is a good place to start."

http://articles.moneycentral.msn.com...e-an-edge.aspx