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  • Is The Heat Of This Correction Too Much? Get Out Of The Kitchen Or Start Nibbling Now [View article]
    Dividend taxes are not affected by what you do with the dividend.
    Aug 25, 2015. 04:37 PM | Likes Like |Link to Comment
  • 10%-Yielding HDLV May Be A Good Choice If Interest Rates Remain Low [View article]
    The question is, what is the linked index doing?

    I found this quote: http://on.ft.com/1UbCppp

    As of right now, HDLV's change is almost exactly twice that of the index.
    Aug 25, 2015. 03:32 PM | 1 Like Like |Link to Comment
  • 10%-Yielding HDLV May Be A Good Choice If Interest Rates Remain Low [View article]
    VZ is down. T, PM, and MO are up slightly. HDLV is down a fraction. I don't see the disconnect.
    Aug 25, 2015. 01:31 PM | Likes Like |Link to Comment
  • Prospect Capital: Rising Interest Rates Could Drive Lower Earnings And NAV [View article]
    Some of us are a bit slow on the uptake. ;-)
    Aug 25, 2015. 01:15 PM | 2 Likes Like |Link to Comment
  • Prospect Capital: Rising Interest Rates Could Drive Lower Earnings And NAV [View article]
    If they eliminate the dividend then they will no longer qualify as a BDC, which will force them to pay corporate income tax. Not a good idea.
    Aug 25, 2015. 11:30 AM | 3 Likes Like |Link to Comment
  • Is The Heat Of This Correction Too Much? Get Out Of The Kitchen Or Start Nibbling Now [View article]
    George, Paul:

    If recent history of the VIX is any guide, yesterday's spike up to 53 will not be an isolated event. Readings that high have always happened multiple times in close proximity, i.e. a few months. In 2008-09[1], and again in 2011[2], the VIX spiked to high levels repeatedly. There were many opportunities at those times to get quality stocks at bargain prices.

    I intend to keep some dry powder for now, just in case we get more near term panics. If we don't, that's OK too.

    [1] http://on.mktw.net/1Ub...
    [2] http://on.mktw.net/1Ub...
    Aug 25, 2015. 11:24 AM | Likes Like |Link to Comment
  • Is The Heat Of This Correction Too Much? Get Out Of The Kitchen Or Start Nibbling Now [View article]
    George,

    Some technical data to help with decisions in the days and weeks to come. I think more bargains will be on offer.

    Today the SPY sold off heavily into the close[1]. The SPY volume has increased each of the last 4 days[2]. The VIX hit a peak - 53.29 - higher than what we saw in the market bloodbath of 2011, took a breather, and then was rising at the close at 40. The Fear and Greed Index[4] is down to 3 but needs to hit zero to be decisive.

    In other words, I think there will be renewed selling tomorrow a.m.

    [1] http://bit.ly/1hDeT92
    [2] http://bit.ly/1hDeVh6
    [3] http://bit.ly/1hDeVh8
    [4] http://cnnmon.ie/QxDqZ3
    Aug 24, 2015. 04:56 PM | 1 Like Like |Link to Comment
  • Why Tuesday May Open With Another Flash Crash [View article]
    I don't think the US market selloff has reached its nadir.

    The SPY sold off heavily into the close[1]. The SPY volume has increased each of the last 4 days[2]. The VIX hit a peak - 53.29 - higher than what we saw in the market bloodbath of 2011, took a breather, and then was rising at the close at 40. The Fear and Greed Index[4] is down to 3 but needs to hit zero to be decisive.

    [1] http://bit.ly/1hDeT92
    [2] http://bit.ly/1hDeVh6
    [3] http://bit.ly/1hDeVh8
    [4] http://cnnmon.ie/QxDqZ3
    Aug 24, 2015. 04:51 PM | 1 Like Like |Link to Comment
  • Prospect Capital: Rising Interest Rates Could Drive Lower Earnings And NAV [View article]
    "...must be a short speaking"

    You obviously did not read the article. Look at the "personal note".
    Aug 24, 2015. 04:12 PM | 9 Likes Like |Link to Comment
  • Is The Heat Of This Correction Too Much? Get Out Of The Kitchen Or Start Nibbling Now [View article]
    David Stein,

    If mighty MO drops to $45 it will be yielding 5% and I will be a buyer. But imagine how it would be priced if we had another financial crisis. At its low point in 2008-09 it was yielding 8.8%. At that yield today it would be priced at $25.68, less than half of today.
    Aug 24, 2015. 02:33 PM | 1 Like Like |Link to Comment
  • Is The Heat Of This Correction Too Much? Get Out Of The Kitchen Or Start Nibbling Now [View article]
    Liger,

    I bought PG at 66.29. It is now at 70.25.
    Aug 24, 2015. 01:55 PM | 1 Like Like |Link to Comment
  • Dividend Yield Model Shows S&P Support Target At 1,897 [View article]
    As others have stated, we breached your downside limit, but that is what markets do - they over do. Today's close will be more indicative.
    Aug 24, 2015. 01:25 PM | Likes Like |Link to Comment
  • What's working: Fear gauges pop [View news story]
    VIX high today was 51, higher than the August 2011 high. This was a solid buy signal. Stocks could still go lower, but if you bought near today's low you got a bargain.
    Aug 24, 2015. 01:10 PM | 2 Likes Like |Link to Comment
  • Is The Heat Of This Correction Too Much? Get Out Of The Kitchen Or Start Nibbling Now [View article]
    I had a long standing limit order for PG at a price where it would yield 4%. That order was filled this morning, near the PG low. I am not smart enough to know when any stock has hit a low, but I do know what I consider to be a bargain price.

    If you look at past history, there are many examples where a day like today was not a market low, so I am not expecting this morning's panic to be the end of the story. I think the close today will be indicative. In the mean time, there are some stocks that so far have been barely affected, for instance O.
    Aug 24, 2015. 01:04 PM | 3 Likes Like |Link to Comment
  • Not Afraid To Buy? 5 Names To Consider [View article]
    PM on sale today. Down when USD is also down is a head-scratcher.
    Aug 24, 2015. 12:13 PM | Likes Like |Link to Comment
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