#HYHRD: Stranger in a Strange Land, a.k.a. The Martian – $PGH

I’m plagiarizing here;

I’m pretty much fucked.
That’s my considered opinion.
Fucked.
Six days into what should be the greatest two months of my life, and it’s turned into a nightmare.
I don’t even know who’ll read this. I guess someone will find it eventually. Maybe a hundred years from now.

That’s how I feel after 2 weeks of 2016 and (still) getting raped by Wall Street and everyone else. That’s also how the book made into a movie named ‘The Martian” begins.

Someone on StockTwits remarked about a holding we have (PGH) that has tanked hard since we bought, like -350% hard, and my advice to him was to walk away from the screen and come back in a couple of months or a year or two and then take a look.

I should have taken that advice myself.

I’ve been watching our retirement accounts hemorrhage about $5,000/day since the year began, and I feel like throwing up every time I take a look at our portfolio balance.

So, 10 trading days into the new year, and we’ve lost more than $50k of our retirement.

Did I mention we lost more than that last year?

I’m feeling sick to my stomach.

I read all the DGI blogs and advice about the power of dividends, and while our dividends are still coming in I can’t help but wonder when it will stop, or at least reach a level that will no longer sustain our lifestyle.

I can’t sell what we have and reinvest or ‘wait it out’, because that just locks in the UNREALIZED losses and only adds to our REALIZED losses. And, if I were to reinvest in other securities it most assuredly wouldn’t provide the same income we’re currently getting.

So, I’m at a loss. I’m wandering. I’m a ‘Stranger In A Strange Land’ (another Martian book reference, sort of).

I seek direction…

So, when I am full of despair and jump from my basement apartment window to the street above will there be no crowds that gather to gawk at my guts being spilled on the sidewalk? It really is (was?) a wonderful life.

As I write this the price of oil (Light Sweet Crude Futures) is rebounding from a fresh low between $27 and $28 and the global panic surrounding equities markets is palpable, seeing as how ALL GLOBAL EQUITY markets are now trading below their 200 day moving averages (I saw that on StockTwits, too!), and it gives one pause. Hell, it does more than that, it’s like being hit by a freight train! Have you ever been freight-trained?

Stockcharts.com has some great charts to illustrate the current state of the market(s);

Major US Market Averages

Market Overview

Market Breadth Indicators

Major Bullish Percent Indexes

Kinda gives ya a warm fuzzy feelin’, don’t it?

Here’s one for the masses;

Relative Rotation Graph (RRG) Charts

Now let’s take a look at the AAII Investor Sentiment Survey;
AAII Investor Sentiment SurveyAAII Investor Sentiment Survey

So, what am I going to do, and how am I going to deal with this market? Well, I’m going to keep investing automatically twice a month in our taxable account with CapitalOne Investing (ShareBuilder), and I’m going to continue to worry about the future of our retirement. I’m also going to keep collecting dividends, and reinvesting some of them. That’s about all I can do at this point.

That’s the plan, until it changes.

About PandA Trader

I am, I think... "Disobedience, in the eyes of anyone who has read history, is man's original virtue. It is through disobedience and rebellion that progress has been made." -- Oscar Wilde
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