I don’t like change. I’m not the type to paint the walls purple and I’m not the type to invest in unorthodox manners. What we are seeing here today, as well as last week, is consolidation following a strong move higher. The people who bought in last week are the “weak hands” and will be flushed out of the market at the first sign of a sell off. They are Johnny come latelys and do not have the composure to withstand a barrage of sell orders.
If you’re interested in buying now, do so in increments.
Aside from one or two names that are in strong down trends, I am content with my mixed bag of nuts, even though it’s losing me money. I own a lot of KMB, ESRX, OSG, PPC, ATML, DDD, JIVE and even NFLX. I am positioned to make a great deal of money, if the market trades up. This is not a portfolio built for defense. If it was, I’d get rid of everything but ESRX and KMB.
When confused about the direction of the market, try to remember recent history and have faith in our government officials to keep the quo status and to kick the can down the road. Believe it or not, that is the best course of action for people living in the now. If you’re interested in preserving the American economy past 2025, you might want to make some structural changes. But maybe they know something you don’t.
For example: perhaps they are aware of an alien army on its way from a distant galaxy, hell bent on enslaving us to mine gold for them. Maybe the global warming thing picks up some steam and wipes out civilization inside of the next 10 years. Or, maybe we’re past the tipping point of fiscal cancer and it’s only a matter of time before the world sinks into an irreversible great depression.
If that’s the case, we might as well drink some brandy, dressed as gentlemen in top hats, printing money, on the deck of the sinking USS Americana.
19 Responses to Sticking With Familiar Faces
The global warming “trend” picked up steam in about 1995. Glaciers were supposed to melt at an alarming rate putting the coast lines underwater, forest fires would burn down entire states, farm land barren and dusty. Well, I’m waiting, strumming my fingers in anticipation.
You’re really LMLPing it!
I recall when they said in the ’70s that the Amazon Rain forest was losing 25 acres per day and would disappear in 10 years.
It’s was and is all BS.
Also the warmest period on earth was estimated to be in the 1500′s.
Must have been all of those factories and autos.
It is used for a political agenda.
The Fly dispenses great common sense advise. Don’t do anything stupid, but we might as well start to enjoy life with dignity while we still can.
They only have to kick the can to 12/21/12 when the world ends.
Mayan calendar is 12/21/12
YoZone wins http://en.wikipedia.org/wiki/2012_phenomenon
Thanks, Controller. I wasn’t going to keep posting back & forth with fking vking who obviously was unarmed in that battle of wits. I thought about posting a link but figured he could be prepared for the world to go on 12/12 and then end up having 9 days with nothing to do but sit around twiddling his thumbs. BWAHAHAHAHA
that’s only one particular perception of the translation… And it’s only the end of the ultimate cycle before it repeats yet again and ends tens of thousands of years later. like all other subcycles
I, For One, Welcome Our New Insect Overlords.
I’m only on my third cocktail but I would like to nominate Mr. sspiff’s 11:23 comment as funniest post of the day…
You gonna need IPaper cause IPee in a whole case !
Aliens, global warming, Mayan Christmas Presents…I say the Bulls still bone-dance on bears twix now and eoy, unless the Earth is fried by a giant solar flare in the next 2 weeks. (see Michio Koo-koo)
DDD may be putting in a bottom up 1.66% in a down market.
I like Purple Walls and all of this is really healthy for us, kicking cans and printing money isn’t. For the end of the world, I have hope that we will cure aging..it is amazing how much we have learned since breaking the genetic code.
The strength of these Aliens are overrated. I welcome an invasion attempt. Might just be what we need to revive the global economy. If a few people get probed as collateral damage then so be it.
Miners getting pummeled!