Bye, Bye, Bear Stearns?
Ah, what I've been saying all along "Just buy bonds!" Usually the case when you can drive a freight train through the spread.
Pratoman - I don’t have the flexibility that you have in your program. I sure wish I did, though. I’m building a long term business through fee-based & UIT’s & expect I’ll hire an associate next year to take more responsibility for day-to-day on commission products and smaller relationships so I can prospect business owners more like a wirehouse broker does. I’ll also be eligible for a full time assistant in 2009. Until then I’ll continue to slog away at it…
Very interesting re the debt. BondGuy, what do you know about that?
[quote=Ashland] Or a relief rally… I’m more concerned this week than I was last week & am going to postpone my next move into stocks w/ clients. I don’t see this lowering mortgage rates & it’s near impossible to qualify for a new loan right now. I don’t think we’re going to see the necessary reductions in housing inventories this summer & may have lower prices that will push back sales further. Not turning bearish… just think we’re in a trading range & think 12,000 may be in the middle of that range.
I hope you used this post as an indicator that we had hit bottom!
Ash,Hit bottom??? No doubt!!! Which means we most likely have not!!!???%$# What a perverse business this must seem like to the general public laymen.!