"The market is not a sofa, it is not a place to get comfortable."
Jim Cramer

Chartz And Table Zup.... @ www.joefacer.com

Makes Me Feel Better...
http://www.youtube.com/watch?v=Hs-HwuZw ... re=related
http://www.youtube.com/watch?v=pqashW66D7o



It's been a bad coupla weeks and I've lost concentration and let some things slide due to personal issues. I had some very bad news about one of my favorite persons in my life. And it's cost me concentration and focus on the matters at hand. It couldn't a' happened at a worse time either. My thesis for the year's end looks like it was wrong and I was set up long stocks when the markets cratered on the Euro news. I shoulda cut back or bailed a lot sooner but, knowing that there was gonna be bad news before there was good news, I stayed too long too long based on hope, a poor strategy. Damn.

My losses inna market pretty much pales in comparison to the losses in my personal life. That said, I've got responsibilities to me and my family for the future as well as for what will soon be in the past.....so....

It's Not A Sin To Be Wrong, But It Is A Sin To Stay Wrong.


So How Bad Is It?

I can fix this. In absolute terms I lost a chunk o' money in two weeks. Practically speaking, Not So Much. Year to date, the Balanced Pooled Fund is down a little over 1%, I'm down a little under 2% from up 4%, the best stock fund is down 4%, the worst stock fund is down 15%, and the Stable Value Fund is up 2% and the best bond fund is up 5%. My losses are not even a hiccup on the long term chart and I can fix this.

I'm going to cash/bonds and derisking within the restrictions of the 401 and in a market where everyone is leaning the same way and that may provide me an opportunity to undo some damage... Getting less long is the order of the day and the week, and I've never lost money since I began to actively manage my 401 and I'm not going to be stoopid about trying to keep the streak alive. I made money in 2008, but things looked so shitty then, so that going to cash was a no brainer; Hell, no brainers are my specialty. This year was actually a tougher call. Too choppy. But a nine percent annual return '04 to date, down a whole point in 2 weeks still ain't half shabby and I can live w/ that.

http://www.bloomberg.com/news/2011-11-2 ... ncome.html

http://www.thereformedbroker.com/2011/1 ... last-week/


http://www.ritholtz.com/blog/2011/11/ws ... s-deepens/
http://www.nytimes.com/2011/11/25/opini ... .html?_r=1
http://www.cjr.org/essay/confidence_game.php?page=all
http://www.businessweek.com/printer/mag ... 02011.html
http://the-diplomat.com/2011/11/25/the- ... ded-age/2/







Late Sunday Eve:
There is a hot "Italy (Europe) has Been Saved (Again)" rumor on the wires; Futures are raging higher. This may be a chance to get out higher and sooner than I had hoped.

http://ibankcoin.com/flyblog/2011/11/27 ... -dont-die/

I understand where he is coming from....

Monday Eve...

http://www.thereformedbroker.com/2011/1 ... ro-or-dog/
Now all I gotta do is to do the smart thing... whatever that is....

We finally got a turn upward in the market, I'm still thinking of getting less long and doing it during a bounce is a better way to go. I gotta figure this out.


Thurs Eve.
Still long, made a dollar, gave a nickel back... Balancing the possibility of a year end run up against the hopelessness of the confederated states of Yerup, the on going delevering of the population vs the wringing out of the debt excesses.

Tomorrows job #s will tell a tale. I should take the money and run.....

Soon... maybe.








Stay Tooned.