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New Computer...stay tooned...
Saturday, July 28, 2012, 11:52 AM
Stay tooned while I revise my set up.... In the mean time, I've moved a little from bonds to stocks. This is a window into part of what I'm doing. There's more than this going, but this is food for thought. http://www.thereformedbroker.com/2012/0 ... ming-back/http://www.thereformedbroker.com/2012/0 ... gher-lows/http://www.thereformedbroker.com/2012/0 ... cond-half/I don't like what I see, but the price action DEMANDS that I pay attention and doesn't care about what I like...   ( 3 / 1213 )
Bull Markets Are A Breeze, You Buy, You Hold, The Money Flows In, And You Look And Feel Like A Genius. Bear Markets, You Allocate And Reallocate And Risk And Work Hard For A Hand Full Of Dollars. Oh Well. That's How The Game Is Played.... Victories Are Unimpressive And Sweet! Or So I've Been Told...
Saturday, July 7, 2012, 02:46 PM
Thoughtless risks are destructive, of course, but perhaps even more wasteful is thoughtless caution, which prompts inaction and promotes failure to seize opportunity.
-- Gary Ryan Blair
When The World's Spiraling Down, Save The Best Of What's Still Around... Like Lindley And Cooder.
Saturday, June 23, 2012, 12:50 PM
“The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.”
-- John Kenneth Galbraith
Not That It Can't Continue...Just Not Forever.
http://www.ritholtz.com/blog/2012/06/us ... re-buyers/
http://www.davidmcwilliams.ie/2012/06/1 ... ft-options
http://economix.blogs.nytimes.com/2012/ ... f=business
http://finance.fortune.cnn.com/2012/06/21/italy-risks/
The BIS (Bank Of International Settlement)was formed in 1930 and acts as a central bank for the world’s monetary authorities. It said extraordinary measures have reduced incentives for politicians and other borrowers to repair balance sheets, and created the illusion that central banks can do much more to stoke growth and redress imbalances. Central bank policy “buys time” in the short term for banks and governments to tackle debt overhangs, the BIS said. European finance ministers meeting in Luxembourg last week battled over strategies to contain the debt crisis. Leaders are due to hold a summit on June 28-29, which will be their 19th since the turmoil erupted.
http://www.bloomberg.com/news/2012-06-2 ... -says.html
http://www.bloomberg.com/news/2012-06-2 ... -says.html
I'm operating on the basis that the last part of the popping of the tech/real estate bubble is about to occur; the "You postponed it, but you can't escape it phase." Interest rates near zero and money donated to money center banks has bought some time. Now the problems haves to be fixed. Including the debt created in postponing the problems... I'm mostly concerned with the return OF capital, rather than the return ON capital. Watch this insanely aggressive ex motorcycle road racer get prudent.
http://www.ritholtz.com/blog/2012/06/wh ... -cuts-7-1/
http://www.ritholtz.com/blog/2012/06/wa ... k-to-life/
http://www.washingtonpost.com/middle-cl ... print.html
http://www.nytimes.com/2012/06/24/busin ... .html?_r=1
WED...
Internet Issues..... But the fact that I posted that, means.....
Thursday, May 31, 2012, 03:01 PM
Thursday Not much changed... Lookit da S&P..... Friday, Well... That unemployment report qualifies as a change.... Cash and bonds inna 401 work fo me.... CHECK IT OUT. STAY FLEXIBLE W/ DOUGIE, AND MAKE NO MISTAKE... SOMETIME INNA FUTURE, I WILL GO WAY LONG AGAIN... I DUNNO WHEN, BUT THAT IS THE OTHER SIDE OF BEING 95% CASH/BONDS INTO TODAY's BIG DOWNDRAFT. http://seabreezepartners.net/letters&am ... p;catid=15http://dealbreaker.com/2012/05/warren-b ... ent-ideas/http://www.ritholtz.com/blog/2012/06/contagionex/Don't think for a minute, that with $150,000,000 on the line, your health and well being might not be onna line right next to it.... http://www.bloomberg.com/news/2012-05-3 ... llion.htmlhttp://www.thereformedbroker.com/2012/0 ... s-middles/ 6/4/12 All Bonds And Stable Value. Stay Tooned...  ( 3 / 1153 )
There Is No Point To Making Money In The 401 If After Every Rip, I Give It Right Back On The Next Dip. "Deer In The Headlights" And Passive Acceptance Are Not My Preferred Modes Of Operation....
Saturday, May 19, 2012, 01:07 PM
A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort.
--Herm Albright
Sometimes ya turn yer back onna favorite burger shake and fries and go for some duck breast tangerine ginger Marsala and scallops poached in butter, garlic, and shallots.
http://www.youtube.com/watch?v=p4IMMaF7 ... re=related
http://www.youtube.com/watch?v=Jeq-BTGbJKE
http://www.bloomberg.com/news/2012-05-1 ... ising.html
The more I think about the events of the last two weeks, the more I think that we're simply at an all-time low. The meltdown in Europe, the quick 8% savaging of US stocks after a fairy tale Q1, the utter failure of Facebook's IPO to do a single fucking thing for the markets or the retail investing public...it's all just garbage.
J. Brown http://www.thereformedbroker.com/2012/0 ... -time-low/
Useful input. Valuable with a pull date and a limited area of use. No more. To be looked at through the lens of time and experience accepting that we are in a multi variant reality where reality is a process and value is time and personal space variant.
http://www.forbes.com/sites/philjohnson ... bookstore/
I'm not as good nor is it as easy as it looks. I watch for trends to develop and as Rev Shark says, "You try to catch most of the move." Playing the major trends and ignoring the meaningless noise costs me the start and finish of the major moves while I wait to make sure they are for real. The rapid trading restrictions puts me in partial positions for the start of the up trend as I try to reallocate responsibly within the restrictions, and it makes me way too heavy while I try to get out during the down trend. Still, over the last 17 months, I caught part of a 5% up move, avoided most of a down 20% move, caught part of an up 20% move, and I'm holding 10% stocks and going lighter during the current down trend. It's work, but what was scrambling for pennies in front of a steam roller years ago has now morphed into keeping a significant part of my retirement retirement money from taking a substantial hit on these swoosh downs.
"It is not how right or how wrong you are that matters, but how much money you make when right and how much you do not lose when wrong."
-- George Soros
For there's a change in the weather, There's a change in the sea, So from now on there'll be a change in me. There's A Change Inna Market, There's A Change In Me, Gonna Try To Keep A Dollar, Just You Wait And See...
Sunday, April 8, 2012, 03:09 PM
"It is not how right or how wrong you are that matters, but how much money you make when right and how much you do not lose when wrong." -- George Soros
http://www.youtube.com/watch?v=DDOIL5Oq ... re=related
Stocks have hit the same levels three times in January, March, and April. And the news cycle sounds bad. Too much risk for no gains.
I'm reducing exposure to stocks by 50%. Mostly done... but still cutting back as restrictions allow.
The broad market does not correlate tightly with the funds in the 401 (less VIFSX), but it tells a less noisy story.
Stay tooned....
Your Life Is A One Act Play And You Are The Author. I'm Writing My Life As An Adventure and A Light Hearted Comedy. What Choo You Doin' Wit' Your Lifes?
Saturday, February 18, 2012, 02:43 PM
It has always been my view that Technical Analysis is an art, and like art, there are a lot of really bad examples of it out there.
--Rev Shark
Damn!!
http://www.youtube.com/watch?v=K7r8uxe_ ... re=related
http://www.youtube.com/watch?v=68FP359S ... re=related
http://www.youtube.com/watch?v=4v3PfqEv ... re=related
I GOT to start listening to something beside my Wolfgang's Vault downloads.....
So as of Nov 2011, I was 25% in bonds and 75% in stocks in my 401. I was a mile out there in the face of darkness and despair, listening to Jeff Miller of "A Dash Of Insight". Jeff was saying, "Pay Attention to the data..." "Pay attention to what should happen..." "Government works THIS way..." "Don't extrapolate your fears...".
I decided that there was a significant chance that this data driven assessment was a correct assessment and with a rigorous money management, I could make some money at relatively minimal risk.
Today, I'm down to 13% bonds and 87% stocks. Much of the change is because while bonds haven't gone down much, stocks have gone up a lot. It worked out right for me and it was self reinforcing. I set my allocation strongly in the aggressive direction. I was prepared to admit I was wrong, reverse my strategy, and sell out of the position if it went against me. I was also prepared to accept my stock/bond allocation automatically shifting in the right direction from an already aggressive position as good things happened.
It is said that there is an optimum proportion for a portfolio based on this and that and that you should re balance your portfolio every so often based on this and that so that you get it right back where it is supposed to be. It is also said to "Buy 'em when they're cryin' and sell 'em when they're yellin'".
I lean toward the latter. I'm just a poor ol' pipefitter with one client and one family to answer to, unencumbered by too many expectations and too much conventional knowledge. I just know that stocks and bonds go up and down, and if you work hard enough to have more of what is going up and less of what is going down, and that if you lean harder on not doing anything stoopid than on being too smart, you make money. Kinda what a self directed plan is all about.
I don't spend any time on looking for the one good decision/fund that will be the only thing I'll ever have to do, or the way to avoid having to deal with an ever changing and complicated world. That would be a waste of time.
Still running uphill to the right from downhill to the left; still worth more than it used to be a short time ago. Ride this Slow Train until it turns around........ And It Will.
Superbowl Sunday; Prolly Get To Doin' A Little Work On My Superbike...
Friday, February 3, 2012, 07:03 PM
"There are some things which cannot be learned quickly, and time, which is all we have, must be paid heavily for their acquiring."
Ernest Hemingway
To Choogle, Or Not To Choogle....That Is The Question...
http://www.youtube.com/watch?v=mUzl7_OpVLA
They stopped by the radio station with the acetate off the metal master only hours old and the DJ spun the first two tracks, which were pretty good. Then he looked at the band and said, "The next one is pretty long... The band said,"Play it! It's a GOOD one." He dropped the needle on "Suzie Q". In those days I always had the reel to reel lit and ready to go whenever the radio was on because shit like this happened all the time. I had half of the first Creedence LP months before anyone else.
http://www.youtube.com/watch?v=YJe5sMBpnNY
Smoking Year So Far...Made The Most Of It Too.
This is the way I see the world. It saved me money and made me money. Bonds last summer and stocks this winter.
Something is goin' on. The chartz been sayin' so since October. The market has had every opportunity to go south since New Year, and it hasn't. It may be that US structural employment issues to the side, Europe has been in the news long enough for the long and painful and grudging solution to it has been discounted. And that the threatening flameout of China, inevitable or not, is still out on the horizon and still out there somewhere in the future. And that US corporations are as lean as they can get and will have to hire to keep the stellar profits that they have been making, or lose out to someone who will.
If the above is all true, as of the end of Monday, I'll be at 85% stocks and 15% bonds in the 401 and lookin' good. But, if I'm badly mistaken and Greece goes down in flames with Portugal, Ireland, Spain, and plunges all of Europe into depression, taking down a huge chunk of China's export business with it, and US corporations start firing instead of hiring,well, I will be way too long stocks at the end of Monday.
Nothing that wholesale selling won't fix. I've had a good run since October and I'll move quickly to protect it.
http://www.nydailynews.com/new-york/rap ... -1.1015716
Post October, What's Not To Like? Aside from the 50% correction of the October move in November.... Kinda expect to see another pullback soon. Maybe a big one. If so, I hafta think about getting flat. 1080 to 1350 is a 'ways. Bulls make money, bears make money, pigs get slaughtered. But I'll react to what the market tells me. If the market consolidates on rotation or sideways action, I'll stay put.
http://www.thereformedbroker.com/2012/0 ... -together/
Monday Eve...
http://www.washingtonpost.com/business/ ... print.html
Lemme Go See If It's Where I Parked It....And, Second Place Is First Loser.
Tues Eve
Stocks Holding...Bonds Rolling Over...Stayin' Put.
You Ahl Stay Tooned...Ya Here?
Hey!!! Us Northern Californians Would Be Happy To Take Some Of That Rain From Those With Too Much. A Coupla Years Of Brown Hills And Lawns Inna Spring And Yellow Water Inna Toilets All Year 'Round Inna 70's Was Enuff, Thank You.
Saturday, January 28, 2012, 01:01 PM
"The art of investment is the art of selling. Buying is a lesser skill and holding requires no skill at all."
-- Harry Schultz
Dougie Sahm; Long Live Garage Bands And The Razor Sharp Sound Of A Farfisa Or A Vox Continental.
http://www.youtube.com/watch?v=JxsWRDeuxTE
http://www.youtube.com/watch?v=Dx_ln6e4tbQ
http://www.youtube.com/watch?v=a-AWLocy ... re=related
http://www.youtube.com/watch?v=MY0fesM4 ... re=related
http://www.youtube.com/watch?v=-QCe1O6R ... re=related
I'm up 28% over all of last year's gains... in the first month of this year. It's a balance of cashing in on the rips and buying the dips vs letting it ride and not making your move too soon. The buying is one part. Selling is the other. Let's see how this year works out.
My original 60/40 from last year is now 76/23 as stocks have gone up. That is way rich for a bear market, which I believe that we are in and will stay in for a while yet. But every hurricane has its eye and ya can't pile water up at one end of the bathtub and expect it to stay there. I'm working with what the markets are offering.
http://www.thereformedbroker.com/2012/0 ... ort-story/
http://www.thereformedbroker.com/2012/0 ... on-abates/
http://www.thereformedbroker.com/2012/0 ... llwethers/
Risk on and risk off. Correlation and widespread investor fear is why I'm bipolar in outlook managing my 401. No matter how good the fund manager may be or where the fund may invest, panic in and panic out overwhelms everything. So that is the overwhelming dynamic and I'm hanging tough despite the surges in and out. The trend is up...pretty much and for now. But I'm STILL stickin' near the door.
http://dealbook.nytimes.com/2012/01/26/ ... e-thrived/
http://www.thereformedbroker.com/2012/0 ... mployment/
The original 99% movement...Occupy Washington
Patton and MacArthur and tanks vs US citizens in the streets
http://www.ritholtz.com/blog/2012/01/th ... -movement/
http://vimeo.com/30766340
General Butler invoked the 99% movement, telling the veterans:
We are divided, in America, into two classes: The Tories on one side, a class of citizens who were raised to believe that the whole of this country was created for their sole benefit, and on the other side, the other 99 per cent of us, the soldier class, the class from which all of you soldiers came. That class hasn’t any privileges except to die when the Tories tell them. Every war that we have ever had was gotten, up by that class. They do all the beating of the drums. Away the rest of us go. When we leave, you know what happens. We march down the street with all the Sears-Roebuck soldiers standing on the sidewalk, all the dollar-a-year men with spurs, all the patriots who call themselves patriots, square-legged women in uniforms making Liberty Loan speeches. They promise you. You go down the street and they ring all the church bells. Promise you the sun, the moon, the stars and the earth,–anything to save them. Off you go. Then the looting commences while you are doing the fighting. This last war made over 6,000 millionaires. Today those fellows won’t help pay the bill.
}h2]http://www.alternet.org/teaparty/153973/why_we_got_ayn_rand_instead_of_fdr%3A_thomas_frank_on_how_tea_party_%27populism%27_derailed_a_new_new_deal/?page=entire
Stay Tooned...
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