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Newmont Mining Corporation Message Board

  • will.needy will.needy May 24, 2013 7:34 AM Flag

    I've been tons in cash for 3 weeks now waiting for correction

    I missed 4% in market gains on 50% of my assets. The other 50% is spread among low beta, less than .50, dividenders, yielding slightly more than 4% now. It's hard to jump back in now with my cash when there is so much turmoil in the US government. What happens when the debt probably gets another downgrade, Obamacare kicks in in full swing in less than 8 months, international terrorism ramps up, AND another 9/11 day in 109 days, 16 hours, and 30 minutes as I type this.

    Actually, Obamacare will kick in Oct 1, as people will have to decide what coverage they can afford for 2014. Companies are not mandated to provide spousal coverage, so it will be interesting to see what company gets the ball rolling on that regard. No company will want to be first to deny spousal coverage, but, when one denies, competition for EPS, will snowball.

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