goatfarmer

Pessimism Has the Upper Hand - Again

Always good to see the long term trend.

Number of Distressed Bonds Rising at Rapid Rate

No surprise that the distressed category will be the first to suffer in a credit krunch. The more interesting category is the junk bond fund, many of which are now yielding 9% and above. (HIO, JPS, DIV, EAD, COY, etc). These funds are wel diversified, such that default by one or two bonds wouldn't make too much of a dent in the portfolio. But they took a bid slide in mid-August, dropping as much as 30 or 40% from highs in June. Many are recovering fast. EAD jumped 6% yesterday. Most unusual for a bond fund. It will be interesting to see how this group fares over the next six months.

The Multiplier Effect of the Subprime Mess

What's the point? Reduced spending from local governments will precipitate a recession and a major bear trend? Not a very persuasive concatenation.

August Was a Bad Month - But Keep It In Perspective

One of the best common sense articles I've read in a long time.

2% Days Now Back In Vogue After Long Absence

So what is the significance? Does it indicate an impending reversal of long term trend?

Banking Stock Rally: Jumping the Gun?

Interesting to note that Soros and Buffet are buying banking stocks: C, BAC, USB...