February 20, 2014
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Investors are facing numerous issues. Unemployment is very bad and prospects do not appear good. This administration is doing nothing to address this problem. Their solution is to get everyone on food stamps and disability. The Country’s debt is totally out of control and the idiots in Washington don’t appear to give a damn. Most critical is the issue of tapering. If Yellen continues to taper, this market will most likely crash. Do I think she continues? No, but you have to watch this. If the Fed is so stupid as to implement more tapering, I am selling everything I own.
That’s right. Everything. I am not yelling fire in the theatre and you should do nothing right now. But you have to watch what is going on. Just remember this market is a “quantitative easing” bubble and it will eventually burst. In my opinion we are ok until after the November elections, but you never know. Another negative is Obamacare that seems to be careening into the abyss, but nobody seems to care.
Right now you should just hold what you own. It appears we may be going into a consolidation period. I am recommending no purchases at this time. It will take some very good news to keep this market moving higher…WE COULD GET SOME NEWS TO GET A POSITIVE BREAKOUT…TO THE UPSIDE.. I did suggest BKLN and GGN recently. PSEC is going ex-dividend next week and you can add to your position IF we can get a good price. All of the holdings in the core portfolio are doing well….we sold WPZ a few days ago, before it started to tank.
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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.