I bought into VEU, VGK, and VWO a few days back since I did not have any direct foreign exposure at all. I was worried the $US would continue to get stronger and cause some carry trade shenanigans. Will continue to keep a close eye on them. Also of thinking about buying into India directly using EPI. I bought a bit more GILD near $100. It is getting close to being my largest position now.
Dude, if the $US collapses, you want to be loaded up on physical gold/silver in your possession to go along with plenty of food/water/supplies and the means to defend it all. Owning shares of mining companies (which own rights to mines that would likely be nationalized if currency choas hits) will likely be well down the list of things to own IMO.
I was just about to comment on that! Interesting set of events starting with the Western powers swooping in to give Ukraine aid, then reports of mysterious parties transporting all the Ukraine to the west for 'safe keeping' (out of Russia's hands so they say). Now finally Ukraine in fact admits most all the gold is gone. Follow the dots...
Forget the will of the people. Elite plutocrats can rig whatever they want the election result to be. I would be highly surprised if the Swiss referendum passed. I fully expect the 'NO' vote to be at least 57%.
Seeking Alpha is just a community of investment bloggers, much like Motley Fool in that regard. If you feel so strongly that PSEC is being wronged, feel free to pen your own blog singing the praises of PSEC. It is a free world we live in you know. Also, it was Seeking Alpha that chose to sever the ties with yahoo and not the other way around. Yahoo makes money by getting fees paid to present links to various group's articles. Seeking Alpha obviously felt they had grown enough 'market brand' to stop paying yahoo for the tie-in and move forward on their own.
PSEC gets the most attention due to its size and yield. As a whole, BDCs are not written about too much I noticed. I think by and large they are still an unknown investing area to most people.
I keep waiting for it to breach $100, but it keeps bouncing off of it. Thinking about putting in a buy order for tomorrow morning as well. $100 might be as low as it gets before making another move higher.
Another diversified refiner/petrochemical company that has been on a tear lately is PSX (Phillips 66). Low oil is definitely a boon for their business. Stock may well be headed to a new 52-week high before the year is over based on how it is trading right now.
I have to question the sanity of those who live in Buffalo and other upstate NY areas given these crazy cold fronts hit them multiple times every year. I can see staying there if the are was like a jobs mecca or something, but even on that front, Buffalo remains an econimically depressed city. I think I'd rather be econimically depressed in a slightly warmer climate.
I gotta say I'm amazed at the crazy bullish interest in some of these restaurant IPOs. Habit is just a customizable burger joint. I ate there once and was not overly impressed. It was a decent burger but in the end it was just a burger. Same with Pollo Loco, nothing special. People are really gambling in thinking these are the next Chipotle. Much more likely they are the next Boston Market. But nice job on buying at the open and taking advantage of the madness.
Yeah, so dead, only up 20% off its recent lows! If that's dead, give me more dead stocks!
Vast majority of people choose not to critically think for themselves and would rather just be 'spoon fed' the news. So when main street media all gang up together and say QE is the best, Keynesian policies are the best and win win win for global economy, well, people will believe it since they don't even spend 1 second putting the pieces together for themselves.
No deranged posts/bashes commenting on the 10% up move today? WAC and NSM also had strong days. Only own NSM at the moment but feeling good about some nice profits ahead for my buy in at $27.
Kevin Kaiser (Hedgeye) has been very critical and bearish on pretty much the entire upstream space. Very few of them have escaped his scathing rhetoric. Everything is a 'house of cards' to him when it comes to these partnerships.
Interesting, I thought it was a 4 cent accounting error, in any case rather minor in the big picture. The damage was caused more by the intentional cover up by the CFO plus the perceived shadyness of the chairman Schorsch and his ties to both ARCP and RCAP. I had owned ARCP in both my Roth and IRA but sold when the news hit. A few times I've been tempted to buy back in but have held off for now. The whole COLE deal and the lawsuits between what used to be two REITs attached at the hip (ARCP/RCAP) give me pause.
The only high yield REIT I own right now is NRF. I think we both own the same small Norway rig owner boddbus.