Sorry shortie. FED knows the dollar can't go up any more than it has. No rate increase. But keep dreaming.
Then raise rates!! Things are oh sooo good in the economy. Let's see everyone's 401k get bombed back to 2008 levels. Yeah,that's the spirit. These low rates just aren't normal.are they?
My point is that shorts like you keep predicting a cut in the div like it can't be sustained. I sure don't see it happening.
Of course he didn't say when.
Methinks Schilling and Icahn should be indicted for attempting to manipulate the markets thru the media.
Something else to consider is that the fund went ex on 7/9 After the people lock in their div they sell and wait until it gets about a week before the next div. Then they start buying again. In the interim the fund can drop a lot.
Also,it doesn't help when Carl Icahn gets on CNBC and says that hi yield bonds are in a bubble and will take a 30% haircut. Unfortunately,people listen to this manipulator and sell. Of course he's probably sitting there shorting hi yield. The SEC should investigate him for all his tweets on Apple,Netflix,etc. He does move the market with anything he puts out there for mass distribution thru the media.
In the meantime boobie please pour me another snapps and get me some wine and cheese. How about an expresso for my friend Francois too? We Europeans really know how to party,don't we?
Who cares if we are the laughing stocks of the world. Maybe we need another referendum to see who gets driven in the Mercedes back to the hotel. Yeah,that's why we are called Euro's. Because we ain't got any more.
I'm old too but I know enough that I have to put my money in something that gives me a nice div every month. The other old fogies just want to sit in their rocking chairs and not have to worry about their money while it's all in a bank somewhere.
Remember,if you want to eat well you won't sleep well.