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update: I’m still here!

Bull Market - sculpture at Toronto-Dominion Ce...

Bull Market – sculpture at Toronto-Dominion Centre, Toronto, Ontario, Canada. A permanent fixture in the grassy courtyard of the office complex, “The Pasture” by sculptor Joe Fafard comprises seven lifelike bronze cows. (Photo credit: Wikipedia)

The end of this school year saw me jettison some things. The first to go was my prolific blogging both here and on blogcritics. I can’t say I don’t miss it. It did not pay here nor there. So I thought I would make my own money. I opened a stock account and as reporting now and again–it’s going gangbusters.

I have doubled my initial 10K startup. Correction: I did a quick and dirty look at the withdrawals from my porfolio and they come to 11K, and I still have 15K of stock left. So if I sold every position now, I would actually be ahead a whopping 15,000 since January 2013!

I was only in the market to make a little money as in interest on account that I was not getting and this bull market happened on my way to making a little interest.

Everyone is scratching their heads over this market. I am ringing the register with glee.

I know I’ve met the person I was looking for to complete my story. Things are not going smoothly or as expected so I have nothing to say about this meeting except that we met.

Why there’s still room for the Dow to zoom

Zoom in on 2000s

Zoom in on 2000s (Photo credit: Wikipedia)

I had a horse in the race when the Dow went into freefall in 2008.  I just couldn’t sleep at night because I had a lot of money on the table.  So I would get up in the middle of the night and watch my stocks.  Finally, had enough and sold out all my positions.  I warned a few folks too that the market was about to go into freefall.

How did I know? I am not sure.  But boy was I right.  Some of those stocks have never recovered especially some of the tech stocks on the Nasdaq.  I had lots of tech stocks and some bank stocks that went to zero.

One in particular was bought up by JPMorgan and I 10 shares based on the amount I lost and the JPM hit 50.00 and I sold that shit before you could say JPM.  That stock has never returned to 50 but is close now.  When it was down to 25 I should have bought a boatload because it also pays a dividend.

My new tack is that I buy a little bit of everything and my present positions I can hold for a year or more because I don’t have the same amout of money on the table.  And it seemed that the dump in May plan was in place but hell nobody told me.

So there I was in California and the freefall in the banking began.  The stock I owned in that bank went to nothing, forgot the name but like I said JPM bought it and I got 500 dollars for what I am sure I did not spend on the defunct stock.

I like bank and tech stocks.  Call me crazy.  I have BIDU stock now and I recall when it was worth 300/share.  I should have bought it when I saw it for 100 but I have a few shares and hopefully they will grow.  There is still lots of room for the Dow to zoom higher to 1400 eventually. 

More later

Obama hits 50 Dow Drops Over 500

Fiscal Year 2010 Budget Briefing (200905070001HQ)

Image by nasa hq photo via Flickr

Happy birthday to the big government believers and thank you democrats and republicans for the worst financial year on record. What did you do on your birthday Mr. President?  Burn ribs on a Barbque while the market fiddled with doom?  What the hell do we need these selfish leaders for? If you can’t steer the ship or shut the fat cat loopholes then just go home. ?/p>