"There is a tremendous demand for 'quality yield' and not a lot of it," writes Annaly, noting a...

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MexCom Comments (2796)
 
Hey kid - ya'wana buy some JC Penny preferred (PFH). I'll sell it to ya cheap.
13 Jul 2012, 07:08 AM Reply Like

bernie 1 Comments (383)
 
At the beginning of the banking crisis I through my research & an interested bond person from my brokerage account was able to pick up bonds that I thought would outlive me. They ran from 6.10% to about 7.75% & paid monthly. Last month BAC called the only bond that I had paid above par. I got par & started the search,it was scary to find even under 6 % issues going for way above par. I mean GS at about 4% for 25 basis points over the 100 PULEEZE.
I went to my standby Quantumonline for preferred,& it wasn't much better,if I remember NLY preferred was over $26 bucks. At least Bloomberg is open for information unlike CNBC who will informational you into madness,Do I really need that weight loss product,body parts extended,or more hair ?
Financially,my Golden Years suck. When I started investing 30 years ago, it was such a fun hobby,now I'm up at 3 AM to catch the European opening to see what my U.S. positions are doing.
13 Jul 2012, 08:49 AM Reply Like