Tuesday, December 4, 2007

Waiting ...

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.

7 comments:

Bunkerman said...

Beefers are putting shorts back into the fins.

Frosty said...

Bunkerman...how do you keep the k-9 unit sharp and fit in the winter?

Bunkerman said...

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.

Bunkerman said...

I'd like to see oil consolidate a few months around $90.

Frosty said...

Bunkerman...consolidating the tape ahead of the fed would seem better for the bulls, yes?

Frosty said...

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.

Bunkerman said...

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.