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Ducaticorse

Ducaticorse
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  • Wall Street Breakfast: Condensate Leaves U.S. Shores As Industry Demands Export Guidelines [View article]
    And same very people who put this law through our throats saying we need to see it to like it, decide that part of it should not be implemented and that some need relief before it's enacted. And you can make this stuff up!
    Jul 31 09:24 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Condensate Leaves U.S. Shores As Industry Demands Export Guidelines [View article]
    I couldn't afford the ticket, I was paying back my debts in those days.
    Jul 31 09:17 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Condensate Leaves U.S. Shores As Industry Demands Export Guidelines [View article]
    It sounds like Chicago to me.
    Jul 31 09:15 AM | 5 Likes Like |Link to Comment
  • How Bad Can The Junk-Bond Sell-Off Get? So Bad It'll Take Down Stocks [View article]
    CEF's will not be forced to redeem because shares of a CEF trade like a normal stock. What will happen is that the eventual discount will greatly increase. The discount is the negative difference between the value of the assets the CEF is holding (the Net Asset Value, or NAV) and the CEF's price on the stock market. That's when you can buy assets for cents on the dollar. Here I personally don't panic and simply watch the distribution rate. If it stays constant I keep the CEF. Of course if bonds within the CEF go bust, the NAV and the distribution suffer. The advantage with CEFs is that when the market recuperates, the CEF goes up much faster than a classic fund. The CEF was not forced into selling the assets and there is no new money coming. New money gets a share of the assets of the fund at a discounted price and dilute this share for existing holders. All in all, in think CEFs are a better play if you bought them at a discount (like I did in June last year) but you still need to keep cool if the event explained in this article happens. I don't think it's going to be too dramatic because then poof goes the weasel of recovery and they'll print again. But something will happen.
    Finally, you can buy today HYT from Blackrock with a 8.5 % discount. Each buck of assets you get will cost you 91.5 cents. I think it's a good margin.
    Jul 29 04:46 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Tax Inversions, Solar Tariffs, Samsung Delay [View article]
    The biggest problem I see here is this one; "can invoke a 1969 tax law to bypass congressional gridlock". There are so many laws in the books that you can always find one to invoke about whatever you want. This is a big problem in a supposedly "rule of law" society. In fact we are ruled by the emotions "du jour" not by the law.
    Jul 28 08:44 AM | 15 Likes Like |Link to Comment
  • The Day I Sold Everything [View article]
    What matters when you in invest is the cash flow of your investment. As long as the cash flow keeps coming, what other people think about the value of the investment at that moment is not relevant unless you have to sell. That's why you don't buy stocks with money you intent to spend or you trade.
    Jul 26 10:35 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Condensate Exports, UBS Probe, GM Documentation [View article]
    And I would add 5. value on the used market unless you're absolutely certain you want to keep it for 10 years. Of course, you don't negotiate that but one should think about it.
    Jul 24 09:08 AM | 3 Likes Like |Link to Comment
  • Should You Invest In UBS ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN? [View article]
    Excellent article, thanks.
    Jul 22 02:31 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Saudi Stock Market, Apple Orders, Chipmaker News [View article]
    Bosley anybody?
    Jul 22 09:07 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Saudi Stock Market, Apple Orders, Chipmaker News [View article]
    There may be a multiplier effect but it can't be higher than the multiplier effect of the spending of the guy/gal who made the money first. So an additional multiplier effect from gov can come only from borrowing. The problem with borrowing is to stop, particularly when you don't have to pay back.
    Jul 22 09:05 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Saudi Stock Market, Apple Orders, Chipmaker News [View article]
    Relax
    Jul 22 09:00 AM | 1 Like Like |Link to Comment
  • MORL Is A 'Too Good To Be True' Investment [View article]
    Sir you're confused. When you invest in MORL you get a basket of mReits times 2 because UBS, the biggest private banker in world, can borrow at rates you can't imagine. You effectively have a risk on UBS but for your knowledge 60% of the world's billionaires have an account with UBS (yes billionaires). When you invest directly into AGNC or NLY or remember CIM you have a risk with the management of one company and often one guy. When the going is good like AGNC all is fine but when the going is bad like CIM then you're really in trouble. Of course MORL is risky, very risky, but it's because it's a leveraged investment on trusts that are themselves hugely leveraged on the yield curve. But by choosing this type of asset allocation, I feel much comfortable with a basket of them and UBS as a counter-party than with any direct investment. Now, I watch the yield curve carefully.
    Jul 19 02:40 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: AbbVie-Shire Deal, GM Testimony, Malaysian Airlines Crash [View article]
    If you bend once in front of gov, you'll have to bend deeper and deeper in the future. People think that if they accept this, they are going to go away but they don't. They always come back with more.
    Jul 18 09:23 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: AbbVie-Shire Deal, GM Testimony, Malaysian Airlines Crash [View article]
    Reading all these comments, the crime really profits Ukraine not Russia.
    Jul 18 09:20 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: AbbVie-Shire Deal, GM Testimony, Malaysian Airlines Crash [View article]
    I fully agree with you but I'm not convinced that the missile was shot by either rebels or Russians. Conclusions are drawn a little bit too fast. If there is a crime (not a tragic error), the crime profits to Ukraine in my view.
    Jul 18 09:09 AM | 4 Likes Like |Link to Comment
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