Archive | September 2013

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Lay Low. Possible Correction Coming.

September 28, 2013 SPY 1689.00 I talked about GEK the General Electric Preferreds on Wednesday and they spiked up.  Amazing stuff.  If you got this at the lows you are one happy camper. The market SPY also spiked up a week ago and has been declining ever since.  Bernanke and the FED are making matters […]

GEK BUY Today. General Electric Exchange Traded Debt Security. Watch VNR.

September 25, 2013 SPY  1689.00 **********Go to “Investments Core Portfolio” for current holdings.********** Update:  We SOLD. (Update December 2013:  If you own this, HOLD for the dividends.  But do not buy GEK now or add to positions as rising interest rates would drive the price down, and I just don’t want to get involved with […]

Riding The Train

September 19, 2013 SPY 1730.00 Go to “Investments Core Portfolio” for current holdings. The markets screamed higher yesterday when Bernnie said they would continue with quantitative easing.  Contrary to what the liberal media and financial television tells you, he is admitting that the economy is crappy………..why else is he staying with QE?!!   We have 82 […]

Incredible. Is Obamacare Doomed?

September 17. 2013 (from The Weekly Standard)  You know things are bad for President Obama when even Warren Buffett has soured on Obamacare and says that “we need something else.” Money Morning writes: “Healthcare costs in the United States are like a tapeworm eating at our economic body. “Those words come from famed investor Warren Buffett, […]

Reader Feedback PSEC

September 13, 2013  (Update SOLD PSEC) A blog reader recently sent sent a note, telling me that he bought PSEC. Just for the record, PSEC (Prospect Capital Corporation ) is an excellent business development company….it’s the big kahuna in this market segment.  I have never mentioned PSEC here but I do hold it.  Just for […]

SDIV For Diversification. Pays 7%

September 12, 2013 SPY 1689.00 Back in May I suggested you look at SDIV.  It provides you diversification into 100 dividend payers and gives you 7%.  If you do not want to spend time looking at individual positions, or if you simply dont have the funds to buy numerous positions, this is a great way […]

IBM. Looking to Buy–Maybe.

September 6, 2013 SPY 1666.00 The Russians talked to el Presidente this morning, and he is backing down, looking weak and foolish.  Did he really think Americans wanted another war.  Give me a break. And the economy is terrible so the Fed is not likely to start tapering………as most of the financial talking heads have […]