dave mckay

Wall Street Breakfast: Must-Know News

Big deal. 10 billion is really nothing in the grand scheme of things. I'm glad the govt. is theoretically losing this amount. After the mafia tactics the govt. used last fall, making an offer the banks couldn't refuse, it's nice to see some payback. I own preferred stock in Old National Bank. and I sleep like a baby collecting my big dividend.

10 Reasons Why We Still Haven't Hit Bottom

I laugh when people say that buy and hold does not work. Just pick 3 stocks at the very top of the market in 1972. IBM, Proctor and Gamble and ConEd. You would have made a fortune. With ConEd, those shares you purchased in 1972 would now have a dividend rate of approx. 50%, with todays dividend payout! Try that with bonds or any other kind of income tax-sucking, market timing scheme.

Nervous About MLPs

Thanks Mark,

What do you think of MMP? How about NS? These two seem to have the best looking charts out of the pipeline MLP's. BTW, I am very familiar with JPS. I don't own it, I own PDT instead and like it much more than JPS, mostly due to the fact that it has a lot less financial related preferreds in it.

Nervous About MLPs

Mark Joseph, I'm confused. None of those MLP's you listed have debt 5 times earnings or less. The only one I could find that meets that criteria is MMP. JPS is a closed end mutual fund, so I think you have a typo on that one.

Wall Street Breakfast: Must-Know News

Yea, for the rest of us, a $3,000 limitation on deductions of capital losses each year is a sad joke.

Wall Street Breakfast: Must-Know News

dear notsosmart.. I agree. You must check out Fred Thompson's Youtube speech he just made. Just perfect.

www.youtube.com/watch?...