Brit Stubbs 5 minutes ago
Score a big one for the Proletariat , a big loss abroad and at home for the Bourgeoisie who want one centrally ruled, borderless economic, monetary and labor pool world where they define all the rules.
Heavy industrial and banks are leading the way today. Everyone hates rails but this week they have decisively shown strength. They have a moat . Hard asset. Should benefit by government spending as well as the private sector. Cat also up big today. All counting on Britain to remain in the EU.
I wouldn't try and position for it so much. Underlying problems still remain, here and abroad. Unless something can get the economy jump-started to really get us naturally out of this low interest rate environment , the story won't change. . UTG .. what you said is exactly what I was referring to about difficulty trying to trade it. Senseless how or why it does what it does, when it does. It's like George Castanza from Seinfeld is controlling it, doing the "opposite' of logic. Ever see that episode? Funny. a better way to trade the volatility, and I do believe that it will be more muted than anticipated, would be to buy any huge dip in the market, if they vote to exit.
Buying stocks that withstand fluctuations and disastrous events. Long terms plays. Which? Rails? So beaten down. Cat? I don't know. I like the yield and the holdings in UTG but 10 % of my brain thinks a Bernie Madoff is running it LOL. NLY . .. can't beat the yield .
Right now noise is driving the market. I think that is key. Find something that doesn't listen. Or that might be a green shoot.. Too many policies of governments have propped up the market and jobs are still in the doldrums and will not return to their heyday without serious tax and corporate reform and changes in the health care law. Government is the Titanic whose Siamese twin being the economy. They've tethered themselves inseparably two fold . Interest rates and corporate governance . The Titanic is too big to steer and even though we see the iceberg it's getting late.
To fortify a military in a traditional sense like tanks, planes, concentration on foreign ground wars is not the answer. But fortification from within is. Just look at nature for example. Take the most destructive aggressive species in any category and their is always at least one animal that has adapted a defense against such. That is the key Defense. Fortify the tools of the FBI. Fortify domestic borders , concentrate on technology and new innovations and less on traditional hardware. Neutralization of an enemy can be achieved by starvation , destroying their communication capabilities, breaking codes etc. I don't have the answer but why on earth does this lame embarrassment of an FBI director represent the Bureau ? One thing I did hear . The numbers of credible threats are so many that the FBI couldn't get to them all.. But this guy was in their sites. Here is what I sense on their behalf. Fear. Hopelessness. Biding time. Crossing their fingers. Outdated technology.
Market is a pendulum. Always swings too far as momentum drives it. Now it seems like Google will be swinging to far to the Down so a good time to pick up shares.
High yielders doing nicely but question remains .. If the Brexit vote votes to stay, will the emphasis then return to growth stocks. Googl stock killed today.. Thinking of rotating into UTG and perhaps another dividend vehicle as well.
ditto on the fed . The fear has switched to possibility of negative rates because of possible recession. At least that is the way I'm reading it. Of course I have no idea , but that is the larger fear, certainly no overheating of the economy.. You mentioned ATT .. I bought that one about way back last year and it has proved to be incredible, the dividend as well as the appreciation of the stock. I plan on keeping it . Probably the only stock I've ever held . I wouldn't buy it now if I was going in new however , because of the great run. The reinvested dividends keep coming.. Same with sphd.. VYM is a diverse value dividend etf , has a couple of hundred holdings . Nice as well. Of course these are base holdings for me , not ones I consider speculative.. I bought a Janus fund not long ago, based on the commentary, rating and performance. It's a midcap go anywhere fund JAENX is the symbol. I saw the manger on you tube, just googled the fund , and I liked him as well. .. I am glad to see a rebound in oil this morning .. Europe and Asia up nicely last night and I hear they are rethinking the Brexit.
I did want to mention sphd. I did so last week but I think the post got lost. I have been very pleased with the fund. Pays monthly . div not high though. Doesn't bother me. The asset mix is nice.
The post on the utg board was for you right. I don't own it. I know you sold it . xlu performs better, steadier but the dividend is lower. Utg of coarse popped big today. Nice reversal in the market today. Still got to love the dividend payers. Once they start compounding with reinvested dividends ones income stream as well as the capital appreciation can't be beat.
A friend of mine who has led just a middle class life is going to inherit some property worth millions that his father bought many years ago in downtown Buckhead in Atlanta. He fell right into it. Of coarse he has a bad back is 60 and has a ten yr old kid. So I am happy for him. Still, a lucky dog.
reits in general doing very well today. An ETF that had done extremely well, its yield not extremely high but it pays monthly, is a Powershares product the Powershares website does a good job of describing the methodology of each fund , its breakdown etc The etf pays monthly and the mix of sectors are excellent . I might have mentioned it before. SPHD.