I'm simply reaffirming the view that AIG and Ally bonds are truly rock solid and nothing bad could possibly happen to those companies, even if the political winds changed.
Besides, if anything were to change, PIMCO is so smart that surely they'd get out of those bonds long before they sold off.
Evolution at work. Most of the fools who "capitulate" exactly when they need to be buying have all be fleeced already. If so our friends are wasting their efforts crashing into a rock wall of strong money. Not a good idea to kill the goose but I never maintained the sell side ever had a good idea....... Look at the way the clowns always rely on the same play book they have been using for decades. What was that kids name that cried wolf too often?
Rehashing the same news still works so they still use the ploy.
I doubt seriously my cash reserves will be intact come October....chucke.
Dick Bove just on the tube says.....Aw the stock market is just freaking out.
Went on to say high yield actual bonds flat to higher today...
Love that passive income.......Time for the social club...The one I go to has
both guns and beer!!!
This new normal is just the old normal on steroids Dave. Personally I just amass more capital via excess distributions (and vig now too) and add to things I like when the clowns stage another bogus sell off. My new normal drip on steroids plan. I really don't have much interest in playing the swings wholeheartedly anymore. I've been doing that for years. Now I am retired. Soooo adding dips and dabs to my passive income is my goal. It certainly is a boring way to retire though. The clowns haven't come up with an original idea since they decided to flood the message boards with dire warning shill posting. We know how stale that has become. I do wish they could dream up some new crisis material. Rehashing the same worn out crisis time after time shows how mentally deficient they are. Oh well. Calm does it. Yawn.