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Pimco High Income Fund Pimco Hi Message Board

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  • excapnal excapnal Jan 23, 2008 12:41 PM Flag

    PHK is here to stay!!

    Two points: 1) Sometime back, Mr. Gross also said that the Dow would go to 5000; I believe it was at about 10000 at the time. Wasn't really a very good prediction. I hope he is as correct on the 1% because...
    ...2) If the prime rate goes to 1% there would have to be a really serious, as in BAD, economic reason for it - I'm talking about a trip to "DEFAULT CITY", when both NAV and dividends go to hell in hand basket; best hope that scenario never plays out.
    Having said that, I'm an owner and will sit tight and keep a close watch on what the payout rate is versus the fund's income.

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    • the market is down of credit and finacials worries, OK?
      today PHK is down a little. meanwhile, XLF, RHK(bank ETF's) and some bank funds(FF) are all up. maybe a little of the fear is going away? bargain hunters trying to buy the bottom of financials, maybe some short covering? still nice to see some numbers in the green.

9.3292+0.0092(+0.10%)10:11 AMEDT