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  • No Taper Is A Gift: Sell All Long-Term Bonds Now [View article]
    I've been doing the opposite, loading up on closed-end muni bond funds that are leveraged and long term, also buying closed-end total return bond funds over the past two months. I get a 5 to 10% discount to NAV and a roughly 8% yield. Why I would I dump my bond funds when I earn 8% nominal annually and lose 1.5% to inflation? I stand to make a killing over the next few years, it's like stealing.

    Treasury bond yields are headed back to 2% for the 10-year, the Fed will never end QE (just look at the CBOE deficit projections), and the economy is bad and getting worse by the day.
    Sep 18, 2013. 10:58 PM | 6 Likes Like |Link to Comment
  • More Signs Of Strength In The Housing Market [View article]
    If a person had a payment budget (principal and interest only) of $1,000 per month, they could have purchased a $230,000 home six months ago. Today, they could only get $195,000, and that doesn't factor in the higher property tax.

    The only conclusion that I can reach is that prices are going to drop sharply this fall and inventory will increase rapidly.
    Aug 1, 2013. 01:15 AM | 1 Like Like |Link to Comment
  • Mortgage Valuation Yield Curve And U.S. Treasury Forecast Show Dramatic Shifts [View article]
    Fed funds rate at 0.5% by December 2014? Imagine what the US Dollar would do relative to other currencies if that curve occurs. Total chaos and destruction in the bond and currency markets, stocks down 20 percent, housing in the tank again.
    Jun 23, 2013. 05:55 PM | Likes Like |Link to Comment
  • What's Ahead For U.S. Interest Rates? [View article]
    "Also, the economy is showing signs of improvement, though more in some sectors than others. "

    I thought it was fairly apparent that the economy has been weakening significantly over the past few months. Not to mention the budget deficit of nearly $1 Trillion annualized, dis-savings which pulls forward spending at a rate of greater than 5% annually. It's difficult to imagine the private banking cabal hiking interest rates anytime in the next 5 years.
    Apr 29, 2013. 01:28 AM | 3 Likes Like |Link to Comment
  • Up 10%, Are Stocks Now Too Dangerous To Hold? [View article]
    "nervous nellies are coming out of the woodwork, proclaiming that this must not be a good time to own stocks"

    Hulbert Interactive shows that investment newsletters are more bullish the Nasdaq than at any time since March, 2000. Their sentiment on the broader stock market appears to be at an all-time high.
    Apr 1, 2013. 08:11 AM | Likes Like |Link to Comment
  • Don't Fight The Fed: Investment Strategy For The Coming 'Unwind' [View article]
    1/3 of the adult population can't even feed themselves or work a regular job, Obama recently stated that he will not create a budget that balances, and a large percentage of the working population will be retiring over the next decade. The Fed will be taking on trillions of additional securities over the coming years, you can take that to the bank.
    Mar 29, 2013. 09:42 PM | 1 Like Like |Link to Comment
  • Sorry Bears, We're In A Secular Bull Market [View article]
    "For the past 4 years now the general public has missed huge gains in the market"

    I stopped reading right there. The market capitalization of NYSE-listed stocks has grown from $11 trillion to $20 trillion in 4 years. The general public has made huge gains.
    Feb 25, 2013. 06:51 AM | Likes Like |Link to Comment
  • Yes, They Do: Low Interest Rates Do Make Stocks Cheap [View article]
    I'm taking GMO's side in this argument. Shiller P/E of 22x, broad-market dividend yield of 2%, the developed world bloated with debt and in a recession. You'll be lucky to earn 4% annualized nominal return over the next 5 years, and it will be a ride to remember.

    Best of luck.
    Apr 27, 2012. 11:45 PM | 6 Likes Like |Link to Comment