jepittman

Late Payments on Credit Cards Reach Record Levels

I apologize, I posted the above comment on the wrong thread. Again, my apologies.

Late Payments on Credit Cards Reach Record Levels

In October Horacio Marquez wrote a long piece here on SA concerning Brazil and its future. The investment he was recommending was the Brazilian ETF symbol 'EWZ'. A significant holding within this ETF is Petrobras, so I think the theme in his article would apply strongly to Petrobras. I would suggest anyone interested in investing in Brazil to read Mr. Marquez's October piece.

Life After Citi: Shorting High Yield Bonds

This article strikes me as little more than 'pumping your position' which in fairness is widely done in all venues. I am certainly not a high yield expert and it is likely the author is better informed than me in this specialty. Yet, as others posting replys above have already stated, I am left feeling skeptical that shorting an asset class at record low prices is an intelligent suggestion. I vividly recall people enthusiastically recommending JDS Uniphase at $125 a share at what turned out to be the virtual top of the dot com bubble. Now these lower grade bonds may very well have further to fall but I think I will sit out this trade.