Jim Van Meerten's  Instablog

Jim Van Meerten
Send Message
Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
My company:
Marketocracy capital management
My blog:
Barchart Portfolio Blogs
  • I'm on the sidelines 0 comments
    Jan 26, 2010 2:45 PM | about stocks: FDS

    This is just a quick note to tell you that I'm sitting on the sidelines right now until after I see how the market reacts on Thursday to the State of the Union address Wednesday evening. I've learned in the last few years how I can be lulled into a trance because I see market and economic signs that are either positive or negative, so I place my bet on that direction. Then someone opens their mouth on TV or at a press conference and I have months of gains wiped out in an instant. Long trades tank or short positions need to be covered because of a short term media generated blip. I'm not blaming Obama on this; it just happens. Press conferences by Bush, Greenspan, Obama and Bernanke have all caused me to take a hit. I blame no one but other panicky investors.

    I do believe that in the long run, the only thing that counts is earnings. My accounting background makes me a fundamentalist at heart. Companies with increasing earnings eventually go up and companies with increasing losses eventually go down. It's that in between time that bothers me. The real numbers and the perceived numbers sometimes have a disconnect and it's during that period of disconnect that people get hurt.

    My decision to procrastinate is a decision. I am cutting Factset Research (FDS) from my Wall Street Survivor portfolio. They seem to be having just that disconnect I'm talking about and I don't know why. Although the numbers and press look good the stock is taking a hit so I'm out. I'll think about replacing the funds but not before I see how the market reacts to the State of the Union address.

    Jim Van Meerten is an investor who writes on financial matters here and on Financial Tides. Please leave a comment below or email JimVanMeerten@gmail.com



    Disclosure: no position in FDS at the time of publication

    Stocks: FDS
Back To Jim Van Meerten's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • $LII 96% technical buy signals - 14 new highs and up 8.41% in the last month - Relative Strength72.28% Index
    15 minutes ago
  • $BFS - 96% technical buy signals - 13 new highs and up 16.20% in the last month - Relative Strength Index 81.16%
    3 days ago
  • $AHH 96% technical buy signals - 15 new highs and up 15.27% in the last month - Relative Strength Index 81.43%
    5 days ago
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.