I don't ----ing know.
Is it possible to accumulate wealth outside of the stock and bond markets? Sure. Just ask The Donald.
Seriously, however- I'm pretty happy with our portfolio balance right now, and in no hurry to screw things up. Not a single trader could have foreseen the violent sell offs/recoveries of the past two weeks. Trying to trade those kinds of swings puts one at high risk of getting screwdoodled. There are only two sane positions at this point: buy-and-hold or cash- both serve to anchor your portfolio (ie, your emotions).
Agree 2nd, kinda iffy here. Gotta have stops in place just in case all hell breaks loose or be prepared to hang in the cell for awhile.
ReplyDeleteHere's what Peter Brandt is seeing:
http://screencast.com/t/sDBjsFsVZL
I'm not sure I like it.
CC- Yeah, a couple of people I follow, say we need to test the July 1000ish low.
ReplyDeleteCC- fwiw, as soon as Brandt's screencast displayed, I 'bought in' to it.
ReplyDeleteOne reason for the buy-in? Both scenarios have TZA screwdoodle written all over it.
ReplyDeleteWhich is why any experienced trader would leave TZA alone while waiting for the sell off to materialize. Better yet- forget about TZA and just wait for the sell off to end. Then wait some more. When institutions step in to buy, go long.
ReplyDeleteWell, here's Dave's view of the chart.
ReplyDeletehttp://screencast.com/t/I9DCeTySNf
Broadening wedge formation indicating no leadership.
we're right at the overhead supply
Also right at the 200 SMA
Bowtie up on the daily, BUT....
on the weekly look at the bowtie down:
http://screencast.com/t/xwX9nLku1qxw
and we are at the 50 sma on the weekly.
Don't try this at home. It takes a lot of practice to draw blue arrows like this.
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ReplyDelete"Here's what Peter Brandt is seeing..."
ReplyDeleteI have to say, his "continuation to the downside" idea is taken totally out of thin air. This chart just as well can explode up. Or can continue oscillate in the 1200 to 1300 range. As TOF would say -- how cares? As long as you are investing in companies with years of *internal* growth (independent of the state of the economy) ahead of them, you should be fine.
PEIX - ?
ReplyDeleteCP - Funny I was looking at PEIX the other day after hearing about the first commercial biofuel flight ever.
ReplyDeletehttp://www.benzinga.com/pressreleases/11/11/p2121129/bayer-materialscience-advances-clean-energy-initiatives
ReplyDeleteBayer MaterialScience LLC, announced that a comprehensive initiative on the use of alternative energy sources at its sheet products operations will reduce its future carbon footprint by 20%. The announcement follows the award of a new energy contract to Hess that will increase the amount of power Bayer receives from renewable sources.
The Bayer sheet business worked in tandem with World Energy Solutions, Inc. (NASDAQ: XWES), a leading energy management services firm, to evaluate alternatives and establish contracts to purchase a substantial portion of its energy from green sources including solar and wind power providers.
By purchasing 20 percent clean energy, the plastics manufacturer will reduce its carbon dioxide emissions by 3,793 metric tons annually. According to EPA statistics* the reduction yields the equivalent of each of the following annually:
• Removing 744 passenger vehicles from the road
• Reducing demand for 8,820 barrels of oil
• Reducing the need for 20.7 railcars worth of coal
• Reducing the equivalent demand of electricity to power 473 homes
(*Source: EPA Greenhouse Gas Equivalencies Calculator)
“With the help of the team at World Energy, we have advanced our commitment to green business practices, and saved money on our overall energy costs,” said Tim Ryan, Manufacturing Manager for Bayer MaterialScience's Sheffield facility. “This latest initiative is part of our business-wide environmental responsibility efforts that also include more efficient use of power, reduction and reclaim of material trim and minimization of our waste stream and landfill impact,” he added."
Sure, a little bit here and there helps, and speaking of alternative fuels, somewhere I caught a blurb about recycling gaseous waste from steel mills being presented as a new source of fuel.
ReplyDeleteI just can't reconcile that if implemented, something like that would make any measurable contribution to fuel supply.
I'm not saying biofuels or alternative energy don't or won't have their place going forward, but I think we need a game changer, such as a replacement for nuclear energy, based on particle physics technology from developed from alternative ideas like the particle accelerator. It's time those propeller heads contribute something worthy of solving the big problems. Sheesh, why are we subjected to so many hair-brained, go nowhere, ideas floated out in the blogosphere?
Take FSLR for example, this thing's going nowhere fast... While the particle accelerator propeller-heads are working on understanding dark matter and how it relates to gravitational fields.
ReplyDeleteIs there any possibility these guys might actually "stumble" upon a mechanism for converting gravity into energy?
MMM - Take a look at this one. If we can catch it under maybe $75, then why not?
ReplyDeleteBTU - Anybody see the right shoulder of an inverse H&S?
ReplyDeleteWorld Class commodities trader Ted Butler comments on CFTC, CME, and MF Global:
ReplyDeletehttp://news.silverseek.com/SilverSeek/1321022610.php
SVM - 2nd analysts site visit report:
ReplyDeletehttp://www.salmanpartners.com/lib/files/Research/2011/October/svm01011ervruin.pdf
Interesting report CP. Thanks.
ReplyDeleteYeah, I don't get why BC is so moody, and stopped discussing SVM(his stock suggestion to begin with, LOL!) complaining that no analysts traveled to China and visited the site, this is the second such analyst report and I must've counted at least five in the party...
ReplyDeleteAlmost every day it seems Bill insults readers or does something that's mean spirited.
new post
ReplyDeleteGraphine - A collection of articles on the subject of graphine:
ReplyDeletehttp://www.elementinvesting.com/investing_in_graphene.htm