Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan. Post Labor Day/FED/Market Correction Whatever Version... 

"Every GOP administration since 1952 has let the Military-Industrial Complex loot the Treasury and plunge the nation into debt on the excuse of a wartime economic emergency. Richard Nixon comes quickly to mind, along with Ronald Reagan and his ridiculous 'trickle-down' theory of U.S. economic policy. If the Rich get Richer, the theory goes, before long their pots will overflow and somehow 'trickle down' to the poor, who would rather eat scraps off the Bush family plates than eat nothing at all.
Republicans have never approved of democracy, and they never will. It goes back to preindustrial America, when only white male property owners could vote."
-- Hunter S. Thompson








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Lofgren Onna Count Cuz....
https://www.youtube.com/watch?v=DQjExmkCKF4
https://www.youtube.com/watch?v=PcTcPzZoXB4





http://nymag.com/daily/intelligencer/20 ... media.html

Never look Away... The Eternal Re-occurring Lesson....
http://www.businessinsider.com/energy-c ... ter-2015-9








Here's Nine Of The Fundz Inna 401, And One I've Got In A Small IRA.

http://krugman.blogs.nytimes.com/2015/0 ... ing-nairu/
http://www.pragcap.com/three-things-i-t ... edition-3/
https://vimeo.com/139860115

All Jeff All The Time.... 'Cuz He Creates
A Mosaic From Data From Other Sources. Nothin' Wrong With That.
http://dashofinsight.com/weighing-the-w ... d-mandate/



Monday....





Higher Lows... Still Optimistic. Maybe not about tomorrow or this week... But Still Optimistic Anyway.... Still Stocks Big Time...



"Scott Walker is still a disgrace, just no longer national," said Richard Trumka, the president of the AFL-CIO,
http://www.businessinsider.com/scott-wa ... out-2015-9
Clown car getting less crowded.... Next!!!
http://www.businessinsider.com/professo ... dit-2015-9
http://www.politico.com/magazine/story/ ... rmedbroker

Tuesday....

Lotta Confusion...
http://www.businessinsider.com/stock-ma ... way-2015-9

Bank Onnit!!! It's Gonna Be HHUUUGGE!!!
https://medium.com/@davepell/the-meaning-and-end-of-the-donald-6ee95ffafa0b

I've been paying attention to Dan for a while. Not my main man or a schtick that I'm comfortable making my own, but it makes sense and is worth a 401 participant's rubbing his eyeballs on.
http://stockmarketmentor.com/2015/09/in ... 22-2015-3/
And Of Course, ChessNwine...
http://marketchess.com/2015/09/22/stock ... -1-1-1-1-1




Wedness day
The Pro's 401 Account. If ya had a coupla $million in this, you'd be pretty well off...
http://news.morningstar.com/articlenet/ ... ?id=714420


Coupla opinions...
http://www.calculatedriskblog.com/2015/ ... views.html

Thursday
ChessNwine
http://marketchess.com/2015/09/24/stock ... -1-1-1-1-1




















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Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan. Maybe Da Enda Da Post Labor Day Market Correction Version... 

The Koch-funded basement that spreads their lies out through large-font, unattributed, unsigned, email machine has one going around that The Donald Trump�s a blue collar guy, I guess if Obama�s a foreigner, it makes sense.
-- Venn Data










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That VooDoo That You Do....
http://www.newyorker.com/news/john-cass ... -economics

Darkness and Despair? To Be Continued...
http://www.nytimes.com/2015/09/08/scien ... .html?_r=0

Go Wit Da Flow....
http://blog.yardeni.com/2015/09/sentime ... e-its.html

Lemme Be Yer Chauffeur.... (Chauffeur Blues...)
https://www.farnamstreetblog.com/2015/09/two-types-of-knowledge/?curator=thereformedbroker&utm_source=thereformedbroker
















Monday...
Yeasterday's News...
http://marketchess.com/2015/09/13/weeke ... 15-video-1

MOST INTERESTING.....
http://www.bloombergview.com/articles/2 ... nd-manager

http://thereformedbroker.com/2015/09/14 ... -bad-ones/


Tuesday...
http://allstarcharts.com/seller-of-stre ... rmedbroker

CHESSNWINE....
https://vimeo.com/139393537

Wednesday...

Chessnwine...
https://vimeo.com/139513870

Post Fed

Good Shit...
http://www.pragcap.com/lots-of-things-r ... -he-knows/

ChessNwine...
http://marketchess.com/2015/09/17/stock ... -2-1-1-1-1













































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Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan. Pre-Mid Post Labor Day Market Correction Version... 

The consensus can be very wrong; interest rates are going to have to go up in 2014 was a set-it-in-stone given that of course turned out to be wrong. This should teach us to always be skeptical of such one sided consensus calls.
--Roger Nusbaum










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Labor Day. Comfortable about your next forty years?
http://www.theatlantic.com/business/arc ... ry/403576/


Sittin'here squaring up the weeks accounts an' listening to Bonamassa @ the Opera Hall in Vienna just after I read this;
https://www.stratfor.com/weekly/pondering-hitlers-legacy

Brings into focus how an upstate NY guitarist who grew up playin' de bluze ends up hangin' out in Vienna at the opera house....


Jeezus Cullin, Whatya REEEALY Think....
http://www.pragcap.com/there-is-no-defe ... t-present/

I've been doin' my own thing financially for 30 years. This is one of the guys who has impressed me. I got a dollar placed with him.
http://www.ritholtz.com/blog/2015/09/ge ... -in-order/

Somebody else's nightmare....
http://www.businessinsider.com/jeb-bush ... ors-2015-9

Labor Day....
http://www.businessinsider.com/why-amer ... day-2015-9

Market CHESS.com....
http://marketchess.com/2015/09/04/stock ... 4-15-video


Sunday Night Politics.....




Can't Look Away, Train Wreck, Can't Look Awayyy.....
http://www.businessinsider.com/paul-kru ... ics-2015-9

Dead Beatz....
http://www.marketwatch.com/story/unluck ... 2015-08-31


Part O' Why I'm Still 100% Stocks...
http://dashofinsight.com/weighing-the-w ... estimates/
http://www.advisorperspectives.com/comm ... ion-coming


Monday...
Yup, Seen This Movie Before...
http://www.bloombergview.com/articles/2 ... mp-of-1856

VITAL FOR YOUR 401....
http://www.pragcap.com/are-low-yielding ... ket-hedge/



This is the performance of the Fundz Inna 401 this year, including the Balanced Pooled Account and My Account...



This is where I have my allocations for the $10K I have in my 401...





This is Where the 401 Fundz have gone since I retired. This time I included a biotech fund that I've got in a small inherited IRA. I rolled the IRA from a 60/40 stock bondz allocation into two stock mutual fundz about the time I retired, American Growth Fund and the Franklin bio Fund... I'm up inna 401 a respectable amount even with the recent big drawdown and even though I'm down 30% in the IRA in a month and a half, I was up 75% over two years... The total performance of the pair is sterling with no trading costs to speak of.


I am NOT happy about not tracking the 401 money or the IRA more closely.
It is NOT my style to get clocked like this.
But the 401 is a small part of an overall plan, devised by me and some professionals... AND it is a part I expect to hate...

Cullen sez it well....
http://www.pragcap.com/there-are-no-holy-grails/

I look away from these accounts and ignore hiccups. It's easier with the IRA. The broker charges $100+ per trade. So i don't trade outa boredom. I expect to catch the next 2008 though and I expect to be a lot happier with these accounts then. This is just a dropped pot anna spilled drink inna kitchen. Take a little time to clean up and pour another drink. Dinner is still happening and in a week the mess and clean up will be forgotten...



CHESSandwine....
http://marketchess.com/2015/09/08/stock ... 15-video-1


Thursday....
http://nymag.com/daily/intelligencer/20 ... icies.html


Enough to make a big time/long time union man lose it.....
http://www.ritholtz.com/blog/2015/09/sc ... e-workers/




https://theirrelevantinvestor.wordpress.com/2015/09/09/patterned-by-birth/?curator=thereformedbroker&utm_source=thereformedbroker





























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Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan. Pre-Mid Post Market Correction Version... 

You cant develop a portfolio strategy around endless possibilities. You wouldnt even get out of bed if you considered everything that could possibly happen.. you can use history as one tool for shaping reasonable probabilities. Then, you look at the world of economic, sentiment and political drivers to determine whats most likely to happenwhile always knowing you can be and will be wrong a lot.
- Ken Fisher









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HOLY sHIT....
http://www.businessinsider.com/cheap-oi ... omy-2015-8




http://thereformedbroker.com/2015/08/29 ... ney-redux/




http://www.businessinsider.com/vmware-c ... ers-2015-8


Monday...
http://www.businessinsider.com/scott-wa ... ico-2015-8


Monday Eve....
http://marketchess.com/2015/08/31/stock ... 15-video-1

Wednesday...
Jeff Doin' His Thing....
http://dashofinsight.com/weighing-the-w ... t-turmoil/



Very Ugly Correction. I'm Still Way Long (100% Stocks)
My 401 is for long term growth. I was all cash in 2008. Not this time. At least not yet.... Let's see where I stand at the end of the year....




Last 120 days.Correction in time (flat) then price (sudden puke) Now we wait and see...

Patience.....
http://www.ritholtz.com/blog/2015/09/jim-smith-speaks/


















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Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan. Market Correction Version... 

Set backs are always temporary. Sometimes temporary is fifty years, other times 50 minutes.
-- The Fly








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Perfect Market Correction Songs....
https://www.youtube.com/watch?v=RH5AG795sUQ
https://www.youtube.com/watch?v=GbIr9CUfjZ8
MARKET CORRECTION VIDEO....
https://www.youtube.com/watch?v=iQxS7eEz5S4



Gawd I LOVE Election Season....

https://www.youtube.com/watch?v=ufGlBv8Z3NU

Monday Morning Prep....
http://marketchess.com/2015/08/24/morni ... 15-video-1












Kinda what I'm thinkin'...
https://theirrelevantinvestor.wordpress.com/2015/08/24/should-investors-stay-the-course/
I'da rather sold a coupla weeks ago. But the 401 is an account that i may not tap for years. It provides a 100% levered to stock portion of my portfolio and as such, I'm OK with letting it be... When the time goes to be 100% all accross the portfolio, this parts already there....



Monday Eve....
http://marketchess.com/2015/08/24/stock ... 15-video-1
http://fundamentalis.com/?p=5075
Maybe...
http://www.pragcap.com/the-cost-of-gett ... s-in-1998/

Tuesday...
http://www.businessinsider.com/chinese- ... ash-2015-8

'cuz Ahm Jes' An Ol' Broked Down Retahred Union Pipefitter
http://www.stockideas.org/best-trading-podcasts-2015/

More to Think About...
http://www.crossingwallstreet.com/archi ... llies.html

Market Close.... ChessNwine
http://marketchess.com/2015/08/25/stock ... 15-video-1

Getchur head screwed back on straight....
http://streetwiseprofessor.com/?p=9530& ... rmedbroker























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Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan 








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FUNDZ INNA 401 AND ONE FUND I'D LIKE TO SEE IN THERE.....











The slow motion train wreck never ends.... Faith has yet to meet Reality.
http://www.nytimes.com/2015/08/09/magaz ... .html?_r=0



Monday....
Less than laughable. I've sold my products and therefore I'm somewhat resistant to the Speil and Hooks. Others ain't. GAWD!!!!!
http://www.businessinsider.com/scott-ad ... ius-2015-8

Just another open for business day, just like any other... If your allready a monopolist...
http://www.businessinsider.com/ohio-vot ... eed-2015-8

http://www.nytimes.com/2015/08/16/busin ... piece.html

Wednesday....
So Ya Gotchur Gold.....
http://www.bloomberg.com/news/articles/ ... rmedbroker




















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Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan. Ramping Up For Life Inna Passed Lane. 

If a man will begin with certainties, he shall end in doubts; but if he will be content to begin with doubts, he shall end in certainties.
-- Francis Bacon














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High Jinks and Juvenile Jackanapes....
https://www.youtube.com/watch?v=7OqlIBorbXE










Funds Goin' Nowhere. Not even Fast. But I've Done Well In 2 Years And Standing Pat For Now....



http://www.nytimes.com/2015/08/08/opini ... edown.html

ChessnWine...
https://vimeo.com/135810352



Monday Evening....
A respected source....
http://joefahmy.com/2015/08/09/more-neg ... rmedbroker










http://www.ritholtz.com/blog/2015/08/wi ... -alliance/

Tuesday...

So Fucking Sanitized Nowadays....
http://www.theatlantic.com/magazine/arc ... rmedbroker

This is why a Defined Benefit w/o cost of living adjustments made sense50 years ago and is dumb today...
http://www.calculatedriskblog.com/2015/ ... -1900.html
http://www.calculatedriskblog.com/2013/ ... -2060.html

Wednesday....
I Got A Buddy Who Likes To Invest In Oil Producing Plays.....
https://medium.com/@amorylovins/the-troubled-oil-business-21ad430eff10
http://www.pragcap.com/reserve-currency ... be-earned/
http://thereformedbroker.com/2015/08/12 ... d-is-born/

Thursday...
Ya got yer optics and ya got yer reality...
http://www.bloomberg.com/politics/artic ... ott-walker

Another opinion...
http://www.businessinsider.com/sir-davi ... ity-2015-8

Used to be my problem, now it's my son's and daughter's. Which means it's mine....
http://www.psmag.com/business-economics ... keeping-up

I'm a very disagreeable person, but there is not much to diagree with here....
http://news.morningstar.com/articlenet/ ... ?id=710619

ChessNWine...
http://marketchess.com/2015/08/13/stock ... 15-video-1





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Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan. Riding Season Issue... 

You cant manage toxic people, nor does the reason for their toxicity matter. Incompetence, egotism, insecurity, substance abuse, or just good ole fashioned insanity create the same train wrecks. Best to cut your losses quickly with these type of people and move on with your life.
-- Brian Lund














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Flick It In And If It Sticks, Light it Up Onna Way Out And Let it Dance....
https://www.youtube.com/watch?v=QYxMQjcs4wo&list=RDa08OY9tOGiE&index=4
RCFP...
https://www.youtube.com/watch?t=141&v=DAEo-rNe1dE
https://www.youtube.com/watch?v=WX41S-11ZKs
Blows My Mind...
https://www.youtube.com/watch?t=243&v=JozAmXo2bDE












This is a lesson in how the world works. You can rail about it and against it, and I do. But understanding this and working it for you is a better strategy...
http://www.ritholtz.com/blog/2015/07/wh ... -bailouts/






"Sure WE'LL Take Care Of You..."
http://fundreference.com/articles/2015/ ... the-world/

http://www.fool.com/investing/general/2 ... ummer.aspx
http://thereformedbroker.com/2015/08/02 ... e-working/
http://www.indexologyblog.com/2015/07/3 ... rmedbroker
https://vimeo.com/135188445


Monday....
http://marketchess.com/2015/08/03/stock ... 15-video-1
http://allstarcharts.com/why-opportunit ... rmedbroker

Cullen is de man... Thinkin' 'bout gettin' him to address the union...
http://www.pragcap.com/problems-with-the-short-term/






Tuesday....
Basic market lessons...
http://www.bloomberg.com/news/articles/ ... this-trade

Wednesday....
https://vimeo.com/135509992

Thursday....
http://marketchess.com/2015/08/06/stock ... 15-video-1





















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Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan. Catch up around the house edition... 

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Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan..  

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Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan.. Summer Weather Version. 

Mental flexibility trumps contrarianism every time
-- Steve Spencer













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Sunday Eve...
http://www.businessinsider.com/republic ... rse-2015-7
http://www.ritholtz.com/blog/2015/07/gr ... se-parody/
http://www.ritholtz.com/blog/2015/07/th ... in-greece/


Monday...
Ya blow what ya got out the door now. and get a dollar and piece yer life back together.... Or get sliced and diced an ounce at a time for 7 years and then sold for fertilizer. Is it really that hard a choice?
http://www.businessinsider.com/greek-de ... ion-2015-7
http://www.bloombergview.com/articles/2 ... ith-greece

I'm a union guy goin' way back....
http://www.businessinsider.com/hillary- ... ade-2015-7




GOOD RUN SINCE I RETIRED.FLAT OVER THE LAST FEW MONTHS. I THINK THERE IS MORE UPSIDE TO GO....




Still WFO.

http://www.businessinsider.com/chipotle ... ase-2015-7

I'm a union guy goin' way back....
http://www.businessinsider.com/hillary- ... ade-2015-7

http://www.businessinsider.com/hillary- ... ade-2015-7




I've spent some time talking with the lady that delivered my last coupla three four Munchery meals. Way to go. When I worked @ Dow Chemical for a contractor, the Dow operators called us Q-Tips. They thought we were disposable. Got no use for that. Liked what I heard about Munchery. Good product and they treat their people right. Recommended.


Never let the facts get inna way....
http://www.bloombergview.com/articles/2 ... -for-china


Tuesday...
http://www.businessinsider.com/imf-repo ... ebt-2015-7
Politics...
http://www.bloomberg.com/news/articles/ ... ises-rates

"WAYBACK MACHINE"
http://www.rockcellarmagazine.com/2015/ ... Qe1PM.dpbs

The expression is, "Stepped on your dick."
http://www.businessinsider.com/oklahoma ... als-2015-7

Dark, Dark, Dark...
http://www.businessinsider.com/dark-mon ... ing-2015-7

Tuesday Night... Market Chess
http://www.pragcap.com/hyperinflationar ... for-greece



WEDNSDAY...
http://www.pragcap.com/hyperinflationar ... for-greece
http://www.pragcap.com/three-things-i-t ... le-edition

Thursday...
For everyone who thinks that the salesman is taking care of them...
http://www.bloomberg.com/news/articles/ ... very-wrong
Market Chess...
https://vimeo.com/133700939





















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Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan.. 

People have a fascination with statistics. As in science, statistics and correlations can tell a story about the market too. That story can be useful and often has lessons to be learned. Learn those lessons and prepare for that relationship to continue, but do not rely on it happening. If all short term correlations persisted indefinitely human life would not exist, much less an uptrend.
-- Greg Harmon












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JB @ Shepards Red Bush Empire Rocks.. Ya Do Get Whatcha Need If Ya Make it Up offa Da Killin' Floor.....
https://www.youtube.com/watch?v=SFDd-HdKE0Y
https://www.youtube.com/watch?v=GbIr9CUfjZ8






Reality Always Triumphs. You just hope it happens prior to the brick wall....
http://www.businessinsider.com/imf-says ... ing-2015-7
http://www.nytimes.com/aponline/2015/07 ... .html?_r=0


Sometimes Ya Gotta Get their Attention.... FRIDAY;
http://www.businessinsider.com/yanis-va ... ign-2015-7





The captions are only vaguely associated, but it's a very pretty race course. It used to be all dirt.
http://www.bloomberg.com/news/photo-ess ... th-edition

Nothing gives an Attorney General experience like being indicted. On a side note, as someone who was around during Little Rock and Selma,city and state officials blocking the Supreme Court is a movie I've seen before. I know the ending...
http://www.businessinsider.com/r-texas- ... tor-2015-7

http://www.bloomberg.com/news/photo-ess ... th-edition
http://www.businessinsider.com/iowa-cat ... age-2015-7

Gawd This Sounds Familiar... Part 2...
http://www.bloomberg.com/news/articles/ ... rmedbroker

The World Really Doesn't Care That I'd rather It Was Different...
http://www.businessinsider.com/obamas-c ... ism-2015-7




Still Flat To Minor Downtrend. And I'm Still Way Long....






The last 5 days inna 401




The last 5 days of speculative biotechs. Someone is looking past Greece. Nine of 10 up from Monday...Four Up From Friday...

















UNFUCKING BELIEVEABLE THAT i'M READING THIS ON THE 4TH OF jULY!!
http://www.huffingtonpost.com/mary-bott ... 26644.html

Rub Yer Eyeball On This!!
http://thereformedbroker.com/2015/07/04 ... america-3/

'cuz Jeff.....
http://dashofinsight.com/weighing-the-w ... of-summer/

Tick...Tick...Tick...
http://fusion.net/story/159325/the-trag ... wn-greece/

The internet give you in an instant, what was a once in a lifetime ringside seat to history in the making....
http://krugman.blogs.nytimes.com/2015/0 ... y&_r=0

The First few passages make so much sense, I'm sharing them before I read the rest of this....
http://www.businessinsider.com/greece-r ... ebt-2015-7

Just another Day Inna Conservative World...
http://www.thedailybeast.com/articles/2 ... omics.html


Monday...
Yeah, it's a Monday Kinda Thing....
http://www.businessinsider.com/r-tensio ... ink-2015-7

http://www.huffingtonpost.com/karl-whel ... 16572.html

It's Not Self Destructive To Cut Yourself Free If It Saves You From Much Worse Long Term Damage....
http://www.bloombergview.com/articles/2 ... socialism-
http://www.reuters.com/article/2015/07/ ... 0120150703



Tuesday...
VERY INTERESTING....
http://www.theguardian.com/commentisfre ... ism-europe
http://www.businessinsider.com/china-sa ... tim-2015-7

Market Chess....
http://marketchess.com/2015/07/07/stock ... 15-video-1



Thursday....
So Clear....
http://www.businessinsider.com/why-the- ... use-2015-7

Thursday....
Dem Changes...
http://www.cnn.com/2015/07/09/us/south- ... index.html




































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Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan.. 

Learn how to take your losses quickly and cleanly. Dont expect to be right all the time. If you have made a mistake, cut your losses as quickly as possible.
-- Bernard Baruch











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STILL Looks Pretty Sideways Since Feb....





http://www.pragcap.com/greece

https://vimeo.com/131916796


Sunday Eve....

Jeff's always a good read for the upcoming week...
http://dashofinsight.com/weighing-the-w ... fireworks/


Tuesday...
Makes yer teeth hurt, it's so unconscionably dumb. Makes me think of The Daleth Effect, another story of governments not really getting it regarding technology. http://www.businessinsider.com/latest-o ... sed-2015-6


Tuesday...

Greek Tragedy...
http://thereformedbroker.com/2015/06/28 ... ffer-most/
http://thereformedbroker.com/2015/06/30/puerto-greek-o/

Still Balls To The Wall Long; This is a Panic Attack, Not A Recession Bear Market. Long Term Money. Stayin' the Course.

Good Shit...
https://vimeo.com/132261063
http://www.pragcap.com/the-usa-is-not-t ... nto-greece
http://www.pragcap.com/embracing-the-why


Wednesday...
Gawd this Sounds familiar
http://www.businessinsider.com/china-in ... out-2015-7
























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Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan.. 

"It's amazing what you can accomplish when no one cares who gets the credit."
-- John Wooden











IF YOUR A FIRST TIMER TO THE BLOG, CLICK HERE...
http://joefacer.com/pblog/static.php?pa ... 729-141334














Churning Sideways Since April.....











Yeah, Tell Me Again 'bout Things Ain't Never Gonna Change...
http://www.businessinsider.com/south-ko ... 750-2015-6



I am not a Democrat, because I have no idea what their economic policies are; And I am not a Republican, because I know precisely what their economic policies are.
-- Barry Ritholtz

I look at the bailout for Wall Street and I see fat cats at work.
http://www.amazon.com/Bailout-Nation-Ne ... FMXA888RYV

I look at the crisis in Greece and see Socialists at work. Barry and I kinda see it the same way.

http://www.businessinsider.com/greece-i ... nts-2015-6











Back inna day.... https://www.youtube.com/watch?v=e3LEhfbKCSc

Phase 2.... https://www.youtube.com/watch?v=y8h9qTquC0I

And this... https://www.youtube.com/watch?list=RDbqVVnExlX9c&v=D79ujliNh4Q

https://www.youtube.com/watch?v=bqVVnExlX9c

https://www.youtube.com/watch?v=IiniZha6PQM






Wednesday...



http://awealthofcommonsense.com/is-this-the-top/















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Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan...Special Warriors NBA Finals Edition II. 

The most valuable assets in life are those that hold no monetary value. Health, friends and family
-- Joe Terranova










IF YOUR A FIRST TIMER TO THE BLOG, CLICK HERE...
http://joefacer.com/pblog/static.php?pa ... 729-141334





Yer Funeral, My Trial....
https://www.youtube.com/watch?v=zCuCtU0tGi4





Ah Dearly Love The 18 Month Election Year...
http://www.businessinsider.com/marco-ru ... kes-2015-6







You'll Note; Kinda Bond Free... How It's Workin' Shown Below....














Cuz Ahm A Union Man From Way Back; Teamster, AFL-Cio, United Association. I've Provided For my Family, I Have A Comfortable Retirement, A Health Plan, And Some Neat Toys...



Click Here To Get The Details....


http://www.newrepublic.com/article/1220 ... ease-wages




http://www.motherjones.com/environment/ ... ound-water




Monday...


There's a long way between this and having your money run by someone who is phoning it in and paying themselves handsomely for it. But unless ya got yours inna savings account, we all are putting our savings inna box onna front stoop. It happens. But ya gotta take a peek through the shades every once and a while...
http://www.investmentnews.com/article/2 ... rmedbroker

Way ta go, Seth....
http://sethgodin.typepad.com/seths_blog ... rmedbroker


Tuesday....

https://vimeo.com/130918369

Thursday...
https://vimeo.com/131139573














































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Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan...Special Warriors NBA Finals Edition. 

Avoiding folly is easier than trying to be brilliant.
-- Shane Parrish










IF YOUR A FIRST TIMER TO THE BLOG, CLICK HERE...
http://joefacer.com/pblog/static.php?pa ... 729-141334









"FUCKIN 'A' TWEETIE BIRD"!!!!!!
http://www.businessinsider.com/jobs-rep ... wth-2015-6

And In Fuckin' credible....
http://www.nytimes.com/2015/05/29/opini ... .html?_r=0






















Huge
http://dashofinsight.com/how-to-think-about-risk/



http://www.pragcap.com/the-glass-half-empty-recovery

Monday...
http://www.calculatedriskblog.com/2015/ ... froth.html


Tuesday...

http://www.businessinsider.com/fiat-loo ... -gm-2015-6
http://www.businessinsider.com/what-ala ... wer-2015-6


Wednesday...
http://munchies.vice.com/articles/belie ... n-american
http://www.pragcap.com/financial-journa ... guidelines


Thursday...

HUGE

http://www.ritholtz.com/blog/2015/06/wa ... dividends/



Everytime i think that managing my 401 and my financial future is hard, I grab me a tachyon to set on and belly up to the quantum physics bar and try to take a drink. I though there were too many alternate realities inna 60's.... Here's the simple version....
http://www.digitaljournal.com/science/e ... cle/434829
























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Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan 

Nothing is private. Nothing. By this time next year your Avi will all be a naked selfie or your salary, whichever is more embarrassing.
--Jeff Macke










IF YOUR A FIRST TIMER TO THE BLOG, CLICK HERE...
http://joefacer.com/pblog/static.php?pa ... 729-141334





Saw him @ the 'mo and Keystone Korner. Blew my mind....
http://jazztimes.com/articles/17992-rah ... lt-of-kirk
https://www.youtube.com/watch?v=1cI8BQIvwQg
https://www.youtube.com/watch?v=tiI2ZHmxPPo




Investing your 401 is easy.... after you know how. Which is hard to learn...

http://www.bloombergview.com/articles/2 ... azy-we-are











Monday...
https://vimeo.com/129483305


Tuesday....
http://marketchess.com/2015/06/02/stock ... 15-video-1
http://dashofinsight.com/weighing-the-w ... c-rebound/

Still way long stocks...Work it until it breaks.


Wednesday....
I'm reasonably polite to a fair number of people. Few really impress me. Here...
http://dashofinsight.com/how-to-think-about-risk/

https://vimeo.com/129713663


Thursday...
http://www.bloombergview.com/articles/2 ... noah-smith






















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Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan 

People will go to extraordinary lengths to rationalize market action and make it fit their narrative. This year wasnt 1929, or 1987, or even 2007. It was in fact, 2014.
-- Jon Boorman










IF YOUR A FIRST TIMER TO THE BLOG, CLICK HERE...
http://joefacer.com/pblog/static.php?pa ... 729-141334

















I'm all in in stocks because of what I read, what I've learned, and most especially, because I'm prepared to harvest gains and minimize losses when the time comes. YMMV.













Gawd, I love campaign season....
http://www.businessinsider.com/mike-huc ... fox-2015-5




















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Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan 

Sure, moneys something we only need if we dont die tomorrow, but most of us live a long ass time.
-- John LeFevre









IF YOUR A FIRST TIMER TO THE BLOG, CLICK HERE...
http://joefacer.com/pblog/static.php?pa ... 729-141334






RIP

Long Live The King
https://www.youtube.com/watch?v=mqUhdBAJfsk












Tuesday...
https://vimeo.com/128306792


HUGE!!!!!

http://www.ritholtz.com/blog/2015/05/bi ... ople-make/

http://www.bloombergview.com/articles/2 ... -fast-food




Thursday...
Real data...
http://www.vox.com/2015/5/21/8631863/ob ... rmedbroker
http://www.ritholtz.com/blog/2015/05/ho ... -dynamics/

What I used to do, what my son is learning to do...











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Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan 

Reagan is still dead. 1980s nostalgia bands are fine, but trying to revive 1980s economic policies in todays context gets more wrong every year.
-- Mark Dow










IF YOUR A FIRST TIMER TO THE BLOG, CLICK HERE...
http://joefacer.com/pblog/static.php?pa ... 729-141334









Geetahr Player
https://www.youtube.com/watch?v=iUDWJhdw5MM
https://www.youtube.com/watch?v=NKE3itL4ApY



























Far Fuckin' Out...
http://www.businessinsider.com/were-wit ... ion-2015-5



Monday...
http://marketchess.com/2015/05/10/weeke ... s-05-10-15
http://www.businessinsider.com/it-doesn ... ers-2015-5
JEEZUSS!!!!
https://www.youtube.com/watch?t=49&v=YQbPewOXukw


Tuesday...
https://vimeo.com/127532800

























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Jes' Yer Friendly Neighborhood Ol' Broked Down Retahr'd Union Pipefitter...... and his 401 Plan 

Big data and other wonders of the high tech world didnt make us any smarter at least when it comes to markets. The 50% drop in oil prices has humbled us all.
-- Nancy Miller









IF YOUR A FIRST TIMER TO THE BLOG, CLICK HERE...
http://joefacer.com/pblog/static.php?pa ... 729-141334









Kinda takes me back to the 60's. A buddy of mine was at SF State sitting on the lawn between classes while demonstrations were occurring on the other side of the area. The cops scattered the demonstrators and one cop chasing a handful of demonstrators, ran past my buddy, still sitting on the lawn, and at full speed, took a one handed swing at a short haired sitting spectator. Don slammed back against the ground and the baton whistled past his face. Coulda splattered his brains. I don't claim to be an oppressed minority, but I have at least some appreciation of the below... I do get a kick outta the other attendees at the financial conferences I attend talking about what the "old hippie" is doing there. There was a time (still is actually, I flew back to Chicago and bought a truck and drove it back. Got a lot of hard eye here and there onna way) that my appearance symbolized a threat to God and Country. http://www.theatlantic.com/politics/arc ... re/391158/








It's a complicated world, and I'm no longer a pipefitter, I'm a retiree investor hell bent on making my life savings work for me and my family. But I've never figured that made me one of the guys who will get bailed out the next time Wall Street craters itself. Most of the time, I'm on Betty Dub's side...
http://www.bloomberg.com/news/articles/ ... et-tremble


Wednesss day...

Stockmarket stuff.....
https://marketchess.com/2015/05/06/stock-market-recap-05-06-15-video-1








Thursday...
http://www.bloombergview.com/articles/2 ... e-autobahn















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Jes' Yer Friendly Neighborhood Retahr'd Ol' Broked Down Union Pipefitter...... and his 401 

The market is the final word, no matter what everyone on Twitter retweets and favorites
-- Rob Passarella








IF YOUR A FIRST TIMER TO THE BLOG, CLICK HERE...
http://joefacer.com/pblog/static.php?pa ... 729-141334














The Market On Monday...
https://vimeo.com/126058139


<script height="332px" width="590px" src="http://player.ooyala.com/iframe.js#ec=Y0cXRwdDr5qz3gkO-mmJZTNAxcIo14bQ&pbid=3da5601eed794a4e8b5f4d58c0ddd8c4"></script>









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Jes' Yer Friendly Neighborhood Retahr'd Ol' Broked Down Pipefitter...... and his 401 

A heavily-analyzed, globally-traded commodity can go down fifty percent in response to relatively modest changes in fundamentals.
Therefore, you might want to take the predictions you hear and the models you rely upon with a truckload of salt.
-- Tom Brakke







IF YOUR A FIRST TIMER TO THE BLOG, CLICK HERE...
http://joefacer.com/pblog/static.php?pa ... 729-141334











My idea of some serious Saturday AM recreation...
http://www.superbikeplanet.com/image/ar ... ve/nash15/


Tuesday,,,
This whole water thing...
http://graphics.latimes.com/food-water-footprint/
Market Stuff...
https://vimeo.com/125619485


Thurday...
http://marketchess.com/2015/04/22/stock ... p-04-22-15


















[ view entry ] ( 322 views ) [ 0 trackbacks ] permalink ( 3 / 360 )
GRRRRRRR!!! 

[ view entry ] ( 325 views ) [ 0 trackbacks ] permalink ( 3.1 / 364 )
Jes' Annuder Ol' Broked Down Retahrd Union Pipefitter And His 401 Defined Contribution Plan.... Post Easter Special... 

Everyone forgets the lessons of the financial crisis. Even those who survived it cannot recall the emotional feelings of how hard it is not to sell (what you think is cheap and worth holding onto) or buy (what you think is a great bargain) when the entire news and investment industry is bearish.
-- Jacob Wolinsky







IF YOUR A FIRST TIMER TO THE BLOG, CLICK HERE...
http://joefacer.com/pblog/static.php?pa ... 729-141334



Auld And Neu....
https://www.youtube.com/watch?t=99&v=ALiszWbLu2U
https://www.youtube.com/watch?v=AN-kU6fHPiI






Bummer....

http://www.bloombergview.com/articles/2 ... -you-think








Da Fundz an' How Der Doin'.....




My Account, What I Got An' Where...





Theatre Of The Absurd



Sunday...

Trader shit. WAY beyond what I need to run my 401. But I LIKe the idea of trimming my nails like I'm a brain surgeon...
https://vimeo.com/124758301


Monday...
http://www.bloomberg.com/news/articles/ ... heir-lawns



























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Jes' Annuder Ol' Broked Down Retahrd Union Pipefitter And His 401 Defined Contribution Plan.... Easter Special 

Unsustainable things can last years, even decades, longer than people think.
-- Morgan Housel






IF YOUR A FIRST TIMER TO THE BLOG, CLICK HERE...
http://joefacer.com/pblog/static.php?pa ... 729-141334



















http://www.theatlantic.com/internationa ... ts/388883/
Here's yer pichur, here's yer 1000 words...


http://forward.com/articles/217842/how- ... ddle-east/









One of my brothers is gay and I long since came to terms with it (30-40 years ago). Hatred and discrimination don't belong to be at Thanksgiving or Christmas.... or the other 363 days of the year either....
http://www.cbssports.com/collegebasketb ... to-indiana
Interesting demonstration in terms of the video participants on the link. Think tide of history and Penn's point on history moving on...
http://www.cnn.com/2015/04/02/opinions/ ... index.html





How the fundz inna 401 are doin'.....







How my account is doin'.....








Big Cap US stocks.... Which is to say international and dollar exposure...







Smaller Cap Stocks.... Think domestic markets, cheap energy, earnings in dollars....






Fundz inna 401 referenced to S&P 500. Note the AM Fundz Admiral button and red zero line...
Big caps look toasted. Expect me to rebalance fundz over the next week...




Monday....
In the long run, we're ALL dead.
http://peakoilbarrel.com/the-competitiv ... principle/








So as a long hair liberal graduate of UC Berserkley, there are a lot of lefties who make my brain hurt to listen to them. But they are trying to go to where we can't go. At least not now. But what disturbs me is the righties who want to go back to where they imagine we used to be without realizing that we are not there any longer because it became untenable. Fires don't burn backwards and cement doesn't turn back into water and dry powder and then climb back inna bag no matter how much you may want it to. Neither do you speed up/reverse history for convenience...




Kinda peripheral 401 stuff. Your fund advisor's first obligation is to his wife and kids. That obligates him to earn. His obligation to you is to do well for you/not screw you up so badly that you no longer produce income. It's OK not to come first. It's not OK to come last...
http://thereformedbroker.com/2015/04/06 ... lesperson/


Tues...
Gotta have a crap filter if you run your 401...
http://www.bloombergview.com/articles/2 ... c-analysis

Wed....

it's a SERIOUSLY convoluted world...
http://www.businessinsider.com/heres-wh ... ran-2015-4


Thursday....
Gotta recognize the new reality, bummer or not...
http://www.bloomberg.com/news/articles/ ... a-s-future

http://www.pragcap.com/why-rand-pauls-b ... cessionary

































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Jes' Annuder Ol' Broked Down Retahrd Union Pipefitter And His 401 Defined Contribution Plan.... 

It turns out that charts from 1929 dont matter in 2015. They might be good for page views, but not so much at determining what will happen.
-- Ryan Detrick









IF YOUR A FIRST TIMER TO THE BLOG, CLICK HERE...
http://joefacer.com/pblog/static.php?pa ... 729-141334



Rory...
https://www.youtube.com/watch?v=oMOyrSgas3k
Rory Story
https://www.youtube.com/watch?v=1RVZ15JeBSM

https://www.youtube.com/watch?v=33Jaodra7AY








It's a California Thing....
http://www.pragcap.com/the-usa-is-addic ... ter-prices








How the Fundz are doin'



How my account is doin'....
















Tuesday...
Trash Talkin' Banker....
http://www.businessinsider.com/jamie-di ... nes-2015-3
Part II...
http://www.businessinsider.com/jp-morga ... ies-2015-3

Not out front like a liquor store robbery...
http://www.businessinsider.com/columbus ... ose-2015-3
More like, "Here. Let me hold that for you..."


























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Jes' Annuder Ol' Broked Down Retahrd Union Pipefitter And His 401 Defined Contribution Plan.... 

I learned from David Kay, ex-CEO of Nick Schorschs American Realty Capital Properties Inc. that one plus one equals three in certain related party transactions. That is, until it doesnt.
-- Bruce Kelly








IF YOUR A FIRST TIMER TO THE BLOG, CLICK HERE...
http://joefacer.com/pblog/static.php?pa ... 729-141334







Play Yer Guitar, Robben!!!
https://www.youtube.com/watch?v=WsvSVtXRu7A





Learning about TV....
http://stratechery.com/2015/changing-un ... ucture-tv/


http://www.outsideonline.com/adventure- ... ravel.html
http://www.thenation.com/article/201321 ... austerity#

http://www.bloombergview.com/articles/2 ... ls-america





How some of the fundz are doin'...




How much I got where.....






















Important!!! Pass it on to a capitalist you know....

http://www.businessinsider.com/how-to-f ... ity-2015-3

http://www.businessinsider.com/how-to-f ... ity-2015-3

http://www.businessinsider.com/how-to-f ... ity-2015-3




Home Town News...
http://www.businessinsider.com/californ ... gun-2015-3


Tuesday...

The battle goes on...
http://www.bloomberg.com/news/articles/ ... er-for-uaw























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Jes' Annuder Ol' Broked Down Retahrd Union Pipefitter And His 401 Defined Contribution Plan.... 

The theory of scattering ones investments over as many fields as possible might be the wisest plan on the assumption of comprehensive ignorance. Very likely that would be the safer assumption to make.
J.M. Keynes









IF YOUR A FIRST TIMER TO THE BLOG, CLICK HERE...
http://joefacer.com/pblog/static.php?pa ... 729-141334








Larry Coryell and Eleventh House....
https://www.youtube.com/watch?v=RM_MX5gFDPg
https://www.youtube.com/watch?v=yQ3f5_UqJpc









How Some Of The Fundz Did Last Week......





How I Did Last Week....



If you think this is not overhanging the market, you're maybe a bit oblivious....
http://www.businessinsider.com/whats-ha ... sia-2015-3
Stay tooned....





Here's A Graphic That Goes Well With The "If Your A First Timer" Link Above








ChessNWine....
view from 10k feet. 401 info...
https://vimeo.com/122244643


Tuesday....
ChessNWine
https://vimeo.com/122470808






Wednesday...
Post FED Meeting....
ChessNWine
https://vimeo.com/122576378





First Quarter YTD Looks Pretty Good....







http://www.pragcap.com/three-things-i-t ... ed-edition
















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Jes' Annuder Ol' Broked Down Retahrd Union Pipefitter And His 401 Defined Contribution Plan.... 

There is no reason to feel any shame in hiring someone to pick stocks or mutual funds for you. But theres one responsibility that you must never delegate. You, and no one but you, must investigate whether an adviser is trustworthy and charges reasonable fees.
-- Benjamin Graham




http://stanmed.stanford.edu/2015spring/before-i-go.html






IF YOUR A FIRST TIMER TO THE BLOG, CLICK HERE...
http://joefacer.com/pblog/static.php?pa ... 729-141334








Old man kickin' the kids inta line. Saw him in the 80's every time he came into town. The band drove like a steam locomotive...
https://www.youtube.com/watch?v=pcEKAWZ1Nbk
This is the original....
https://www.youtube.com/watch?v=i8q6sR6yZCE


Back to the 50's and 60's... Not the good part.
http://www.businessinsider.com/the-worl ... war-2015-3


YOU ARE BEING PLAYED...AND THE WORST PART OF
IT IS, WHAT'S BEING STOLEN FROM YOU, YOUR FUTURE,
IS BEING PISSED AWAY, NOT EVEN BENEFITING THE THIEVES.
BUT ONCE YOU UNDERSTAND THE EASY 1,2,3 LESSONS OF UNIVERSAL SUCCESS...

For the most part, clickbait (ten things they don't want you.. The One Secret... Once I learned the One Secret that they) drives me uppa wall. But, Hell THIS is Important...


http://www.slate.com/articles/business/ ... table.html
































Sunday...
WineNChessNWine....
https://vimeo.com/121606384

Monday...
ChessNWine
https://vimeo.com/121714343





Tuesday...
So much out there onna internet beside cat pichers and videos, you face sites and porn....
http://bonddad.blogspot.com/2015/03/dea ... me-to.html

It's All Great Fun.... until he's your lawyer or in the back seat when you get stopped...
http://www.businessinsider.com/why-does ... son-2015-3

CHESSNWINE...
https://vimeo.com/121826480

Wed ....
ChessNWine
https://vimeo.com/121933132


Thursday....
https://vimeo.com/122039909




















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