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 million people out of a job sitting at home watching TV and eating cheetos. Truly stunning.
But are we complaining. H……. no. We will ride the train as long as it goes.
Gold is up. MLP’s are up. If you have been following the suggestions here, you are one happy camper. Just remember all of this money printing will come to a terrible end someday………..when………we do not know.
Do not get excited and start chasing the market today. Remember you buy stuff when it’s on sale. IF there is something to look at I will post it. Watch GEK. Watch this General Electric Preferred to buy, possibly around $19.50. (Update: Order buy limit at $19.50. May get lucky but appears $19.70 will be the low.)
We may get lower yields and higher prices on long term bonds. If you still own Long Term bond funds, you will want to sell them.
Go to “HOME” (top of page) for the most current posts. GO TO +Follow at the top of this page to follow this blog. (Please respond to POLL Click Here) This blog discusses dividend paying investments that I find appropriate for myself…..and for investors seeking dividends and income. I am not an investment professional. You must do your own research before buying any position. All gains or losses that you realize are based on your choices.