The PIMCO guru said on NBR that munis was the place to be for the next two years. Although I like Leo for taxable accounts, HPS, JPC, and JTP are my favorite income instruments.
The IL Guv is going to get drugs from O'Europe for his flock, it made the laggard plunge AH fer sherr.
Pharmas will never win in this type of environment.
IMO the pharmas will not be killed off by the Pols, but they will be severely demagogued. I believe they will find a way to deal with it. I also believe that demographics make this one of the best investments for the future. Like many on this board, while I agree ABT has been a laggard, I will continue to hold for a brighter tomorrow.
I'll look at those other income stocks. Thanks, Snug
You folks better becareful looking at Income stocks in this inviroment. Look at how they performed in 94 and 99. This time will be worse.
So many people own the REITS and utilitys for income as a replaceemnt to there CD's Bonds, ETC, that they will get hurt. There will be no Bids. The REIT index the last few weeks should show everyone a taste of what could come in many markets. Look at IYR,
Also Preferred stocks that are newly issued in the last 2 years, will get hit, and get hit hard. Just look at the end of 1999 and begininng of 2000.
Becareful. Look for callable preferreds and dont get sucked into the past return of the income fund or yield. That was the past.
Fundamently the big pharmas have problems and it is the pipelines. And, yes the pols are after them, but a few blockbusters, simple and inexpensive would overide a lot.
The income stocks are risky. Just look at UST, the lawyers are gathering. That 6% comes with risk. The trusts, say SJT, fine as long as NG is high.
You can run but you can't hide ;-)
What can a poor investor do?
Watching gold drop in Nashville, Persh
PS I'm missing AoK and Lib, they were good buds