September 28, 2012
Comment on Model Portfolio activity
We sold our remaining holdings
this week. The Model Portfolio is up 20% for the year at an all-time high and
most large accounts are up 10% to 15%. We want to see how the next month goes
before recommitting. The economy is slowly recovering and the markets near
all-time highs are anticipating good news 6 months from now but European
austerity may place a crimp in further market advances over the near term.
Katie (our better half- not Kathy
our wonderful business partner) is riding down the west coast from Canada to
Mexico and if you would like to follow her progress her blog site is:
http://katiebikingborder2border.blogspot.com/.
The site is also at the top of this page highlighted in red.
*****
September 21, 2012
Comment on Model Portfolio activity
Happy
Fall.
During
the week we sold Yahoo, Sony, Ford, Alcoa, and reduced our position in Aéropostale.
Thoughts
from an old market pro:
Everyone
kept saying, "A top is not in place yet." They persistently pointed
to the "normally reached" levels of this or that statistic that were
not yet there to reinforce their desire to remain bullish.... Apart from
statistical measures of increasing blindness, this unwillingness to acknowledge
what they themselves were already feeling revealed a comfortableness, a
confidence, a conviction that whatever was happening – short-term survivable
dips – would continue.... until "the top," like a strip tease artiste
of our youth would with decorum appear on stage, bow, and then, accompanied by
applause from all the bulls eager to cash in on their excitement, would begin
to twirl its statistical tassels in front of everyone.
I’ve
gotten so old I can’t remember the names of those ladies at the Old Howard, but
I can remember that all you got was a flash of this or that, before they
waltzed off. Stock market tops are like that. You know it’s there somewhere if
you squint hard enough, but you never quite see it, so you keep waiting for
more. And then, in the end, as the curtain comes down on the bull market you
realize that the one rule about tops is not that they provide this or that
signal, but that they come before anyone is ready.
Justin Mamis
Read
more: http://www.minyanville.com/business-news/markets/articles/spx-dollar-us-dollar-index-255EGSPC/9/17/2012/id/44052#ixzz26jyzT3lN
*****
September 14, 2012
Comment on Model Portfolio activity
Early
in the week we repurchased BankAmerica, Facebook, and Cisco and added shares of
Aéropostale, Dell and Intel to accounts. The markets were strong all week on
news that the ECB will be able to purchase sovereign bonds and that the
Bernanke Fed will extend its Liquidity Program indefinitely. On Friday we took
profits in Facebook, Abercrombie GM A Warrants, Juniper, and Netflix.
A
correction is in the cards but we will enjoy the up move while it lasts.
*****
September 7, 2012
Comment on Model Portfolio activity
We
added Nvdia and Intel this week. Major market measures are at 4 year highs and
it is September so a pullback in not out of the question. We continue to
maintain a large cash position in accounts.
*****
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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