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Rummeljordan

Rummeljordan
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  • May Consumer Credit rises $19.6B vs. an expected $12.5B and $10.9B previously. [View news story]
    I wouldn't call that kind of move a rise.....
    Jul 8 03:08 PM | Likes Like |Link to Comment
  • Spot gold prices have dropped to their lowest since September 2010, falling 2.6% earlier today to $1,244 an ounce, as better-than-expected economic data in the U.S. yesterday strengthened the likelihood that the Fed will soon start tapering its QE program. Gold has fallen 25% this year and assets in the SPDR Gold Trust ETF (GLD) are 28% lower, hitting 969.5 metric tons yesterday. Spot gold now -2.2% at 1,248.10. [View news story]
    Stopthe,

    You're right. Ill look at its P/E ratio and FCF to make sure that it is valued right before I buy it. Thanks for the heads up.


    -J
    Jun 27 06:51 AM | 2 Likes Like |Link to Comment
  • Spot gold prices have dropped to their lowest since September 2010, falling 2.6% earlier today to $1,244 an ounce, as better-than-expected economic data in the U.S. yesterday strengthened the likelihood that the Fed will soon start tapering its QE program. Gold has fallen 25% this year and assets in the SPDR Gold Trust ETF (GLD) are 28% lower, hitting 969.5 metric tons yesterday. Spot gold now -2.2% at 1,248.10. [View news story]
    I wonder what the poor gold bugs will do now?
    Jun 26 07:17 AM | Likes Like |Link to Comment
  • Facebook (FB) accidentally shared the phone numbers and email addresses of 6M users to unauthorized viewers over the past year via the Download Your Information tool, although the company's now fixed the bug that caused the problem. What appears to be sparking more anger than the leak is Facebook's admission that it has been creating "shadow profiles" on members by collecting information about them without their permission. The leak occurred because data from shadow and actual profiles were inadvertently merged. (FB blog[View news story]
    OOOOOOPS!
    Jun 23 03:03 PM | Likes Like |Link to Comment
  • It's "total capitulation" in fixed income (AGG, BND), says BAML's Michael Hartnett. The "blood bath" includes the largest-ever three-week rush of bond-fund redemptions, $2.6B leaving (2nd largest outflow ever) the Emerging Markets Bond ETF (EMB), and mortgage-backed securities (MBB), municipal bonds (MUB), and TIPS (TIP) funds each now showing net outflows for 2013. [View news story]
    If you're wrong, then QE4 is right around the corner.
    Jun 23 03:02 PM | Likes Like |Link to Comment
  • While the dollar rises following the FOMC's various statements and comments yesterday, commodities (DBC) sell off, with gold -3.3% (GLD) to 1,328.85 per ounce, well below the key support level of $1,349. Silver (SLV) -4.3%, Oil -1.8% (USO), copper -1.6% - also dragged down by the poor Chinese PMI print - palladium -1.6% and natural gas (GAZ) -0.8%[View news story]
    Let's play I spy. I spy someone who just lost their shirt and the kitchen sink buying gold.
    Jun 20 06:24 AM | 3 Likes Like |Link to Comment
  • Bernanke press conference: Should projections hold, Bernanke sees QE ending "around mid-year" 2014 and the unemployment rate being about 7% at that time. Responding to a question, he says the FOMC stands ready to quickly adjust - i.e. fire purchases back up - should it prove to have made a mistaken forecast. Stocks (SPY -0.5%) and Treasurys (TLT -1.2%) are at session lows. [View news story]
    Well, markets seemed pretty receptive to the idea today.......
    Jun 19 04:05 PM | 1 Like Like |Link to Comment
  • Bank Loan, Floating Rate ETFs For Rising Interest Rates [View article]
    We are all in it together! Glad to help. Ever have a question, feel free to message me.
    Jun 19 02:03 PM | Likes Like |Link to Comment
  • Bank Loan, Floating Rate ETFs For Rising Interest Rates [View article]
    A great resource would be ETFconnect.com. It really allows you to dive into the fund and see what is in there. It is something that I frequent regularly. ( I receive nothing from them )

    There are some leveraged floaters that pay yield, albeit not much, but there is something there. If you want yield in that space you are probably going to have to be slightly leveraged.

    Your fund, PHD is leveraged over 30%, so is EFR from Eaton Vance.

    One of the better and most pure plays I have found in the space is BKLN, which I am long.

    -J
    Jun 19 01:49 PM | Likes Like |Link to Comment
  • Bank Loan, Floating Rate ETFs For Rising Interest Rates [View article]
    It is important to see if the fund is leverage or not. If the fund employs leverage, it could be negatively affected in a rising rate environment. Also, if the fund is set to rise off LIBOR +, and only the 10yr is moving up, the fund will not adjust.

    Look for unleveraged floaters. And keep the duration short!

    Best,

    -J
    Jun 19 11:02 AM | Likes Like |Link to Comment
  • If you want a bullish take on gold (GLD), Ron Paul has one for you. Asked why the yellow metal hasn't performed very well of late, he says "markets do these kind of things … they go up and then they take a rest," but "if you look at the record since the Fed has been in existence, we have about a two cent dollar" and based on "about six thousand years of history" the prognosis for commodity money is pretty good. "As long as we have excessive computerized money … we're going to see gold go up." How far, you ask? "If we're not careful, to infinity," Paul warns. [View news story]
    Mmmmm. Might want to look at those numbers again, pal. Try equities over the last 100 years or so.
    Jun 19 06:24 AM | Likes Like |Link to Comment
  • If you want a bullish take on gold (GLD), Ron Paul has one for you. Asked why the yellow metal hasn't performed very well of late, he says "markets do these kind of things … they go up and then they take a rest," but "if you look at the record since the Fed has been in existence, we have about a two cent dollar" and based on "about six thousand years of history" the prognosis for commodity money is pretty good. "As long as we have excessive computerized money … we're going to see gold go up." How far, you ask? "If we're not careful, to infinity," Paul warns. [View news story]
    Anything can hold its value if the government fixes the price at certain level.....
    Jun 18 05:10 PM | Likes Like |Link to Comment
  • Asian stocks fall sharply and then recover some but not all of their losses a day or so later. That seems to have been a recurring pattern over the past few weeks since the great global sell-off began and the past couple of days have been no different. Shares bounced back today, helped by decent retail sales data in the U.S. yesterday and a report that the Fed's QE tapering will be so gentle you won't even feel it. Japan (DXJ) +1.9%, Hong Kong (EWH) +0.4%, China (FXI) +0.6%, India (INDY) +1.5%, Australia (EWA) +2%, Philippines (EPHE) +2.1%, Thailand (THD) +3.6%[View news story]
    Is the Bernake put back in play? I do not believe it.
    Jun 14 07:18 AM | Likes Like |Link to Comment
  • Detroit emergency manager Kevyn Orr is due to unveil his restructuring plan for the debt-laden city today to public labor unions, bondholders and bond insurers, including MBIA (MBI) and Assured Guaranty (AGO). Orr will reportedly try to persuade creditors to accept as little as 10 cents on the dollar for the city's debt. He has indicated that creditors would be far better off compromising now than taking their chances with a Chapter 9 bankruptcy filing. [View news story]
    I think it involves J.V.
    Jun 14 07:02 AM | Likes Like |Link to Comment
  • It's officially a rally with the Dow (DIA +0.8%) up 120 points. You won't see these names in any S&P 500 screens, but savagely beaten-up income names are the day's strongest performers. Against the trend of late, the rally in stocks isn't leading to a selloff in bonds - the 10-year yield is off 5 bps to 2.18%. [View news story]
    So TLT and the SPY rally on the same day..... So much for diversification today!
    Jun 13 03:53 PM | Likes Like |Link to Comment
COMMENTS STATS
477 Comments
576 Likes