A PENNY (QUARTER) FOR YOUR THOUGHTS?
I just received an offer of .25 for my PFG claim, might as well be a penny. Any of you that have claims of over 50k will be contacted soon if you have not already been. If you have less than that the offers will probably be less at this point. I don't think there is any reason to bite at this right now. Just the tax right off alone for most people will get you back that percentage or more. We are nearing the motion for the first transfer, which is likely to be close to that amount as far as I can tell. I am sitting tight.
It is time to get rid of all the negative thoughts, we are on the verge of full on bull mode again. A 5 year old would have felt we never left that mode probably. Guess what, he would have been right. It is always so easy after the fact to see the trends, but we have to have some rules for identifying them as we plod along. The ones I use got whipsawed here, plain and simple. I missed the memo where they teach people who talk about trading on the web, to never admit when they are wrong. I don't believe in being dishonest like all these other people are.
My plan now going forward is to buy dips here. There are so many things going on here that are bullish, there is no reason to get carried away with all the political BS about Barry vs Romney, who is better or worse. Who will make stocks rise etcc. Interestingly enough, there is a slight historic edge in market gains, to democratic administrations over Republicans. It is not enough of a difference to matter, but the point is Socialism is not necessarily bad for the US Stock market. It might be bad for our society, which is how I feel, but just for stock prices alone, it is not.
Here are two road maps that show average prices in the third year of a presidential office as well as the fourth year of the term. You can see in the fourth year, we are tracking that dead on thus far this year.
These just average out all the years, but I think you can see how accurate this has been this year. This tells us to expect strong prices for a bit here, then a dip into the actual election. After that we should get a good rally. This does not take into account party affiliations. This is blind data, what we should base things off. Since now the short term trend is up, and the cycles are up, we should be bullish. We will have to see come September 1st, how things look. For the next two weeks we should be off to the races it appears.