Ms. Market will probably take a break and go Christmas shopping this week ... at least until Friday AM and the jobs report. Will she buy a green sweater & scarf, or a red overcoat ? Time will tell, but I think she's getting a bit tired of hairy bears and will soon move to the muscular bulls, perhaps for a stampede up.
WSJ says beefers had worst month since 2000 in November - most lost money. Shucks.
Baosteel is reported to be preparing a bid for RTP. Its chairman is quoted indicating such.
Old Man Winter has arrived here - 4+ inches of snow and 20F temperatures. Heating oil prices are quite high - I just paid $700 to fill my heating oil tank. That doesn't bother me, but Joe Common Man might get a shock. The average income for a two income family is around $55,000, so that one tankful is over 1% of income.
Be patient. Some of my recent adds are "granny stocks" that I like for very long term investments. I expect they might pull my Alpha Fund return down, but I want to slowly create a portfolio with very long term stocks I can hold for 20 years or more. Over a one year horizon, I think I can get about 20-30% or more in them but obviously over longer time frames that won't stick.
If I can get a good entry and 20-30% in one year, then holding them for 20 years becomes easy. Many of Mrs. B stocks in her Sky Fund are like that: PG, PEP, MCD, etc.
I'm just explaining my strategy and tactics.
About Me
- Bunkerman
- I have a pioneer mentality. My wife & I live in the woods - neighbors aren't visible except slightly in winter. Our "bunker" - hehe, really a fine home & barn - has plenty of security. We have four dogs: Krypto (age 9, Kelpie), Ava (age 13, Rat Terrier), Sky (Kelpie, age 5) and Lucky Star (age 1, kelpie). I don't take crap from anyone anymore, having enough resources & gear stocked up to survive in any circumstance. I have three degrees from Harvard including a Ph. D. in a physical science, and an MS in Management from MIT. I worked as an investment banker for about 25 years, mainly in secured finance, at three major Wall Street firms and for the last 17 years with my partners at our own firm. I'm semi-retired now, managing some private corporations and business interests and doing my own trading & investing. This is not to boast, but to give you an idea I know a little about some subjects from experience. The photo is my 1943 M16 half-track which I am restoring. These armored vehicles were ubiquitous in the US Army in World War II and Korea. It's driveable.
7 comments:
Beefers are putting shorts back into the fins.
Bunkerman...how do you keep the k-9 unit sharp and fit in the winter?
The Kelpies are in sheep herding right now - that's all weather except icy fields or thunderstorms.
The terriers have plenty of land to run around in. And the Kelpies play like banshees with each other outside ... or inside.
I'd like to see oil consolidate a few months around $90.
Bunkerman...consolidating the tape ahead of the fed would seem better for the bulls, yes?
also, your tea leafs see an august type technical event...the inverse hs or the w pattern, I don't recall what you named it.
Yes, I like consolidation ahead of teh fed. August was an inverse H&S. This tape is setting that up now, perhaps. [S&P cash] Neckline is the 200 DMA.
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