What should investors buy then? Master limited partnerships like Kinder Morgan Energy Partners [KMP 54.29 -0.40 (-0.73%) ] and Enterprise Product Partners [EPD 28.52 -0.15 (-0.52%) ] and their high dividend yields may seem attractive, but in the end these are stocks that carry at least some risk. Money-market funds aren’t 100% safe either. At least they won’t be after Friday, which is when the FDIC will stop backing them. So anyone who wants to sleep at night must look elsewhere.
Trade trigger activated at $29.15 and sold yesterday – too bad was hoping to stay a while as it edged up but then came the run up so I set a trigger so as not to give 7.xx% back.
Regardless of how right/wrong Cramer is I think many are missing the point of the article – Cramer is saying that the safe haven status of treasuries (10 year and 30 year) is over and he recommends pulling $$$ out of those investments. KMP and EPD were offered up as alternatives in this article with the disclaimer that “at the end of the day they are stocks and do not have the safe haven status as compared to 10yr, 30 yr treasuries.
It actually is not a bad thing because (as you can see) most people didn’t even read past the article title and sold making a nice buying opportunity – I’ll hold out a few days and see if it dips below $26/$25. Then I’ll re-enter.
Where mindless investors exist – predators are never far behind.