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  • Low Volume on Little News [View article]
    Fabien, all the more reason to avoid the Corporate related baskets.

    But Would the Fed allow Muni's to default. I don't think so.
    Dec 29 09:31 am |Rating: 0 0 |Link to Comment
  • Low Volume on Little News [View article]
    But if you still wish to stick your necks out, I would recommend the Tax free Muni closed ends, like MHI which has a 10% yield payable monthly and Push Comes to Shove will, at least, have access to TARP funds.

    I mean, why bother with a taxable yield which does not have a safety net when you can get a similar Tax free issue which has.

    This is, of course, my own opinion. Safety is my concern.

    The Charts of DHS, JSN and JPS decidedly suck except for JPS which has been going sideways for a while and did not crater to a new low when the financials were reamed again in November.

    DHS did go down and JSN may or may not have since one of their trading day prices is decidedly suspect.

    Given that the yield on JPS is almost 20% and that it trades below $5 should give one pause but at that level, if it survives, the yield could go down to 10%.

    With yield of only 6%, DHS is not worth the Gamble. IMO
    Dec 29 01:43 am |Rating: 0 0 |Link to Comment
  • Low Volume on Little News [View article]
    The closed end bond/preferred plays are extremely risky and should be selected only by those with a lot of speculative money.

    The new year will have bankruptcys emerging in the Commercial property and Retail Sector, no one really knows who will implode next. Asset prices were a lot higher when most of the Bonds/Preferreds were issued which means when Bankruptcies come into play, the values available for repayment of Bond/Preferred claims will be a fraction of what was available as little as 1 year ago.

    They are at discounts for a reason.

    IMO
    Dec 28 23:22 pm |Rating: 0 0 |Link to Comment
  • Why Does It Have to Be All About Earnings? [View article]
    Feel free to comment on everything you don't own. Since you don't have any skin in the game, your interest is academic at best.

    Earnings as a Metric of Future Value? Lets not use Earnings at all, why not Debt instead. No Debt, Good. Lotsa Debt, Bad. I guess no one should be investing in any Financial Institution right Now because no one has a clue as to what they own/owe or what their earnings actually are/will be.
    Oct 23 11:51 am |Rating: 0 0 |Link to Comment
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