(Update July 28: We suggested buying ABRN at $25.15. But uneducated income seekers are driving up the prices to sky-high levels. ABRN is trading at $25.84 today: this is bat-shit crazy stuff.
It is becoming very difficult finding positions that we want, at the prices we want. The Fed continues with low interest rates, which drives income investors to pay more and more for good income generators.
But we are very happy with positions that we managed to buy at lower levels: EBAYL, ENO, AFSS, PRH AND VZA to mention a few.
Remember: when interest rates go higher, these will tumble most likely. Be prepared to sell. For long term investors we still recommend gold: GGN)
July 25, 2016
ABRN is going ex-dividend on July 28. We already own this position in the Core Portfolio but if you do NOT own it, a good entry price is anywhere close to $25.15. We may add to our position but we have the standard allocation and will probably do nothing.
PSAPRD is a buy at $25.00
Every once in a while you get lucky in this biz…..our Southern Copper and Newmont Mining Corporate Bonds have gone thru the roof. In addition to the increase in value, we are collecting the dividends. We are still evaluating as to whether we should sell, lock in the profits and run for the hills.
Here is the REAL reason the stock market is in the stratosphere:
The Swiss; not to be outdone, have been incredibly active here in the US. More from Bloomberg….
The Swiss National Bank increased its stake in Apple Inc., Exxon Mobil Corp. and Johnson & Johnson in the first quarter, taking its U.S. equity holdings to $37.5 billion. According to the SEC filing, the SNB held shares in more than 2,500 U.S.-listed companies, valued at $37.5 billion. A quarter earlier, it held U.S. shares worth $26.7 billion.
So now you know why the market is going up despite lousy economic reports, lousy corporate earnings, etc. The question is…how far can this go? If they’re printing money out of thin air ( they are) and buying stocks with no regard to price paid…will this market do 25K? 30K? Could we see DOW 40K?
Here is the daily tracking Presidential poll that we are following:
Well we are finally taking the plunge. As ‘light’ smokers for decades we never thought seriously about quitting. But noticing the effects of inhaling all the poisons we started looking for alternatives.
After trying several of the “electronic” vaping ecigs, we can recommend that you try NJOY.
The NJOY Daily is the best ecig out there and is very similar to Salem Lights our favorite. There is nothing out there that exactly replicates cigarettes but NJOY is very close. And they are available at all Walgreens.
Do NOT buy Blu…..they are the worst. (also sold at Walgreens)
Quit today!!! Stop killing yourself.
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CLICK HERE FOR Core Portfolio for current holdings===WARNING: MOST OF OUR POSITIONS ARE INTEREST RATE SENSITIVE. IF RATES GO UP QUICKLY WE WILL WANT TO START SELLING.
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