Thread: jpcavin's Account Talk

"Ultimately, any major market accident is caused by three factors: too much 'leverage', which is when investors are using, one way or another, borrowed money; too little liquidity, which means that you may be unable to trade when you want at the price you want; and excessive valuations. "So don't borrow to invest, assume that you will have to be patient, and that you can't nip in and out of the market as you please, and do your research when it comes to valuation."

Brexit crash: this data shows when markets might recover

Looks like everyone was gifted a big lump of coal today. If coal is so popular, why is it tanking?

Hillary. She started a war against coal during her WV campaign tours. But there is a silver lining....Time To Buy!

Originally Posted by DaddyTin

Hillary. She started a war against coal during her WV campaign tours. But there is a silver lining....Time To Buy!

We have a new Birchtree on the boards, everyone. Say hello to DaddyTin, Birchtree the 2d. Coal, it's what's for dinner. . I don't know if I'll ever buy eastern coal, but if BTU survives bankrupcy, I might buy some of that some day. I worked in vicinity of their open-pit operations back in my early post-college days, even had to drive through a strikeline once, first or second day of the strike when everyone was still in a good mood more or less, to get a key to remote undeveloped back of the property, away from the pit one day.

hold-your-breath time for a young goodlooking fit 20something gal in a pickup by herself surrounded by rowdy striking good-humored burly miners. had to drive through the line not once but twice-had to get back out again after I got the key from the main office. At least I was driving a .gov pickup not related to OSHA or anything like that, they almost got me slowed to a stop on the way out but I kept moving slow and steady, kinda like driving through a cattle drive on a back road. they were still smiling and laughing at that point. thankfully didn't have to do that again before the strike was over.

Interesting market action this morning. Maybe I'll get lucky enough to escape from the 600 Club.

Originally Posted by jpcavin

Interesting market action this morning. Maybe I'll get lucky enough to escape from the 600 Club.

So I moved from the 600 to the 500 Club. Come on 400!

Originally Posted by jpcavin

So I moved from the 600 to the 500 Club. Come on 400!

Better than 400. Made it to the 300 club. Yeah, baby!

Originally Posted by jpcavin

Better than 400. Made it to the 300 club. Yeah, baby!

In the 200's but not for long, although I bought some stock yesterday I did not log in the tracker

today I went to the lily pad before months end.

Making $$$ (not losing) is most important Club to me!

Originally Posted by FAB1

Making $$$ (not losing) is most important Club to me!

I'm already rich in many ways.



Sent from my iPhone using Tapatalk

Originally Posted by jpcavin

I'm already rich in many ways.



Sent from my iPhone using Tapatalk

Me too, Im rich with 3 acres to mow every week, and its that time again!

Almanac Trader


"Leading up to Brexit markets were held back by concerns that Britain would leave the EU. Then a few days prior consensus was that the UK would stay in the EU and the markets rallied smartly. Then when everyone was wrong on Friday morning, markets around the world sold off sharply for two days. Then when Article 50 and the logistics of leaving made it apparent that nothing would happen soon, markets rallied back toward pre-Brexit levels.

There is some buyer’s remorse from those that voted for Britain to exit the EU. Political leaders in the EU have expressed anger and encouraged a swift exit. Yet citizens across the Union have also expressed interest in leaving. At the same time there is a political vacuum in Britain with no clear successor to the outgoing, resigning Prime Minister Cameron. Meanwhile, despite a sharp two-day selloff in global equities last Friday and Monday, the market now appears rather unfazed after being extremely nonplussed for two days.

Perhaps as is often the case, all the fear of the dire consequences of a British exit from the EU are quite overblown. Of course there are risks, but there are always risks. Remember this vote is non-binding it is just a recommendation by the voters to Parliament that 52% of them would like to leave the EU and 48% want to stay. It still remains to be seen if Brexit will actually happen and if it does how detrimental it will be to the UK, EU and global economies and markets. However, we believe it will proceed and the UK will leave the EU.

In the long run Brexit will likely be a blessing in disguise. It has the potential to strengthen both the UK and EU, by freeing up the UK, which is the 5^th largest economy in the world and not in the Eurozone to set its own economic path, and catalyze the EU to hone its structure. In the near term, however, it is likely to add to market volatility and hamper economic growth as the powers that be figure out the next steps to Brexit and are pulled away from concentrating on implementing economic growth policies and initiatives."