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David Fry
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David Fry writes a subscription newsletter focused on technical analysis of exchange-traded funds, called ETF Digest (www.etfdigest.com). Dave founded the ETF Digest in 2001 and was among the very first to see the need for a publication that provided individual investors with information and... More
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  • TLT: The Best House In A Bad Neighborhood 0 comments
    Mar 19, 2012 11:22 AM | about stocks: TLT, IEF, HYG, MBB, LQD

    Long Term Treasuries have entered the center ring of the Bizarro World Circus.

    For generations U.S. Treasuries have been the safest and most conservative investment across the globe. Capital was protected with the closest to a 100% guarantee in the world with a yield that was equal to or better than the rate of inflation. In a post-crash world, this has been brought into question.

    On a Sunday evening in November of 2008, the Federal Reserve discovered they had magical powers to prevent pain by making a trillion dollars appear out of thin air. Probably any crack addict can tell you about their first crack high. Naturally they wanted more. As the buzz of the trillion dollars wore off, the market wanted (needed) more. In the words of Captain Jean-Luc Picard, Ben Bernanke said "Make it so" -- and so it was. Without any effort or analysis on the part of investors, the S&P 500 went up 30%. Of course, Morgan Stanley and J.P. Morgan got their cut of the $600 Billion in the deal.


    Stocks: TLT, IEF, HYG, MBB, LQD
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