So what are you buying these days?
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“Likely” to see principal back wouldn’t sit too well with my cd buyers. I am buying GE common in my own account, but I am just saying…
[quote=Gordon Gekko]I know he is talking his book, but:
Recs: 1 Bill Gross, the $747 billion bond man, declares the death of equities http://www.dailyfinance.com/2009/02/26/bill-gross-the-747-billion-bond-man-declares-the-death-of-equ/[/quote] FYI, love Bill Gross. But he declares equities dead during every bear market. I forget the number he used, but during the tech bust, he was calling for like Dow 3000 or something. Gotta give him credit for trying. He sells bonds for god's sake. He's supposed to do that.[quote=B24] [quote=Gordon Gekko]I know he is talking his book, but:
<DIV id=board-post- =“tal”>
Recs: 1 Bill Gross, the $747 billion bond man, declares the death of equities [COLOR=#800080">http://www.dailyfinance.com/2009/02/26/bill-gross-the-747-billion-bond-man-declares-the-death-of-equ[/COLOR">/[/quote]
FYI, love Bill Gross. But he declares equities dead during every bear market. I forget the number he used, but during the tech bust, he was calling for like Dow 3000 or something. Gotta give him credit for trying. He sells bonds for god’s sake. He’s supposed to do that.[/quote]
Very true B24, but even a broken clock is right twice a day.
I do recall a similar claim near the end of the 2000-2002 bear when Gross had the biggest fund in the universe and was viewed as a genius. I like the fund as a core bond holding. I own it.
GE has a pretty low Z Score. I know its a function of the last 12 months....
BUT Me thinks GE will be downgraded and the triple A paper will suffer. They slashed the dividend today by 75% I hear. If the paper isn't cumulative I would be very weary.How does one track what credit default swaps are trading at? CNBC was saying GE's are trading at some massive price, indicating credit default.
I put an order in for Frontier managed futures today in my own account. I have a little tbt shorting the 20 year treasury. What don't I own?Isn't not being able to price them the big issue all that engaged in that business face?How does one track what credit default swaps are trading at? CNBC was saying GE’s are trading at some massive price, indicating credit default.
The credit default swaps can be priced, they are just insurance contracts kind of like put options on a company’s debt. The dude from the “House of Cards” that turned 1 billion into 6 billion did this by betting against Bear Sterns. Or at least that is my understanding.
I wonder if we are in store for the "Worst March Ever"?I actually just picked up my magic 8 ball, for real. It said "my sources say no" To f-ing funny. I'm taking this thing to my office, it's great. Part of my latest shtick. Hamida Hamida HamidaI wonder if we are in store for the “Worst March Ever”?
I’ve already got plenty of ammo. I’ll let the suckers buy the rest and take it from them when the times comes.
Managed futures, baby! Frontier Balanced did 19% last year. and at last check was up 2.4% ytd. At this point I am hoping they are real returns and not made up Madoff returns, but who’s to say?
Here's another question - I have a bunch of good paying CDs coming due (thank you Wachovia). Where do you go with this money? Even Warren Buffet says th rest of 0 9will suck in stocks so that is not an option. I am looking at GNMA or Low Duration stuff.
[quote=Gordon Gekko]
Here's another question - I have a bunch of good paying CDs coming due (thank you Wachovia). Where do you go with this money? Even Warren Buffet says th rest of 0 9will suck in stocks so that is not an option. I am looking at GNMA or Low Duration stuff.
[/quote] Comcast , Verizon, Diageo, and Sempra enery 5-9 years Corporates. Interest goes to your favorite fundManaged futures are doing real well(in comparison, what use is up 1.07 through 2/24)
The new CD alternative … fixed annuity. You may consider TIPS. Once the deflation is over we will very likely have hyper inflation.
I got the recent allocation for Ivy Asset Strategy- 40% cash, 30 fixed, 30% equity but 10% short (or something like that). The fund is down maybe 2% ytd which last I checked is beating the market.
Managed futures has to be at a short term peak, it's the only thing I feel comfortable buying.Just buy bonds!!!
Just had some California of the Caribbean bonds at 5.25% at par to 2014 w/2pts.I sold dndn April 2.50 puts for 1.30 two weeks ago. Yes I know it's a dog and you're thinking I'm crazy, However the short interest was 26% I decided to buy them back when the squeeze came and or the short interest got under 20%. Sure enough, could have waited more but made a quick .60 and did 50 to 100 contracts in each account. Cha-ching.