Yup, that's me today as I obey the Krypto Fund trading rules. A few months ago after a beefer-induced dip in stock prices, I put on the first 1/2 of a "Buy low, Sell High" trade in US stocks in Krypto Fund's US stock position. Futures prices this AM indicate the market should open up over 1200 for the S&P 500. That's the target so I'm doing the "Sell High" now, at the open.
I'm bullish, but I like to be heavy when prices are low and light at they reach intermediate term highs. Then I ride the new wave up until it's time to cut back more. S&P 1200 has been by break point level for awhile and at that level I want to simply have normal US stock allocations. This dictates today's significant sale.
Krypto Fund is up over 11% year to date, which is fine performance, stomping on many, many overpaid beefer managers. They are mostly scam artists, anyway. Good doggie, Krypto, here's your fee - a tasty dog biscuit.
Word of the Day
"Weal" - noun [$10]
Weal means (I) welfare, prosperity, good fortune; (II - alt. usage) a raised or reddened area of skin usu. accompanied by itching.
Sentence: Why worry about investing for retirement? One should simply listen to the machine, i. e., Krypto's machine, to keep one's retirement balances in wondrous weal without anxiety. Obey the machine ....
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18 comments:
This approach eased financial conditions in the past and, so far, looks to be effective again. Stock prices rose and long-term interest rates fell when investors began to anticipate the most recent action. Easier financial conditions will promote economic growth.
guess who ??? dr bernanke
really Ben? QE has promoted economic growth ?? what a bunch of thumping tosh
more from the our esteemed central banker
And higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending. Increased spending will lead to higher incomes and profits that, in a virtuous circle, will further support economic expansion.
wtf ??? why is the Fed targeting stock prices ?? hello ??? am i the only one who finds this outrageous.............and criminal
dollar tankaroo........gold plus 25..........oil plus 1
how is higher oil supposed to help the common man ???
let it fall my ass
cut the defender of the common man crap Bman....................you could care less about anyone or anything..................all you care about is your Lassie fund or whatever stupid name you call it..............which is fine......you wana make as much money as you can......just don't bs me with your common man garbage
"Sell crazy someplace else, we're all stocked up here."
inflation check :
cucumbers ....a buck a piece last night at Publix.............used to be able to get those 2 for 1.50............tomatoes.............those are skyrocketing..........plum tomatoes 2.99 a lb........yikes
i guess the common man won't be eating cucumbers and tomatoes anytime soon...........let it fall my ass
Bman what movie is that 'sell crazy' quote from ??
re "sell crazy" - don't know, Bud.
oh, Bud, I think by next Spring the job market will be much better as will retirement accounts of the common man.
And I'll be crowing, "It's Spring in America" - the economy will be growing well
Thank you in advance, Battleship Ben.
I suppose my normal May trip to Europe will cost me more, but I'll gladly pay extra so the common man or woman can get a good job in the US.
gold up 34 dollars.........wonderful
dollar tankarooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo
gold up 43...............great job dr bernanke
dollar tankaroooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo
lucky for me i'm in a profession that if i can keep beating the SPX..........the dollar tankaroo i can fight off
but what about the common man ?? how much did his global purchasing power go down this morning ?? his global purchasing power getiin decimated every day
let it fall my ass
Bens the host of that game show that was rigged Joker's Wild
JOKER.......JOKER.......AND A TRIPLE...JOKER!!!
OMFG!!!.... YOU WON AGAIN AMERICA!!
Krypto fine results indeed...Sal can we get an updater on the sharkfolio...how's earnings treating ya...thx in advance.
The pound hit a nine-month high against the dollar on Thursday as the Bank of England left interest rates on hold and announced no extension to its quantitative easing programme after its policy meeting.
The move had been widely expected in the market given the recent resilience of UK economic data, in particular figures last week that showed Britain’s economy expanded twice as fast as forecast in the third quarter.
well well well............no QE in UK.............pound rising.......economy growing...............hello dr bernanke........are you listening ??????
papaSal must be very proud...cluckin down at the curry shack..."my son is a tea partier and a tea bagger"
"his boyfriend drives a dodge prowler u know"
sorry for lack of replies, but I forgot to post I had a b-trip to Hartford today.
uh Bud ... the common man does NOT need global purchasing power ... he needs US purchasing power.
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