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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: POKERSAM who wrote (6466)

12/26/2018 5:11:04 PM

From: Kirk ©

Respond to of 26384

Thanks for sharing.

Message #6466 from POKERSAM at 12/26/2018 4:07:15 PM
I sold longs at 2460 which was +80 points. Will wait to go short.
Message 31945573

We'll see. I've been buying the past few days AND added to core mutual funds today to rebalance SOME of my CORE using funds raised earlier in the year at higher levels, especially the international funds. If this is just a bump up before more down, I can add more but I think long-term, I agree with the President... and we should rally to the MA 50.

I did mostly international funds as they were down and closed and probably will follow the US for nice gains tomorrow.

I find most bears, when they are finally right... push it too long and end up under performing buy and hold or worse, losing money.

To: POKERSAM who wrote (6466)	12/29/2018 10:48:19 AM
From: Fiscally Conservative	Read Replies (1) \| Respond to of 26384

Very likely we climb higher on Monday before we drop on Wednesday 1/2/19.

To: POKERSAM who wrote (6466)

12/31/2018 3:26:40 PM

From: Kirk ©

Read Replies (2) | Respond to of 26384

I did some more buying today... once I was sure your biggest fan didn't have the ticker for the stock in his header to signal yet another top today, I knew it was safe.

I sold longs at 2460 which was +80 points. Will wait to go short.

Probably my best accomplishment "trading" this year was to have my allocation to stocks about 5% LOWER at the top than it is now... and it is ALL on the official record.

”....there are confident ones; they move from ninety-ten (90:10) in stocks-bonds to five-ninety-five (5:95) in stocks-bonds. That implies a degree of self-confidence bordering on hubris and self-deception. Over the decades, when both groups...have equal limited (!) ability to "time," the cautious chaps who alternate between sixty-five-thirty-five in stocks-bonds (65:35) and sixty-forty (60:40) are likely to end up with a superior risk-corrected total return score.”
[Paul Samuelson, "Journal of Portfolio Management," Fall 1994]

Have a happy new year and don't let the sycophants get you down.