There's a jerk born every minute, and I await the next flash crash with lots of dry powder.
I'm in at 5.79, a low I picked up yesterday, which hasn't been seen since Sept 2009. Nothing's perfect, but safe is as safe does.
Crank in the first time ever dividend decrease from 1.65 a year to 1.38 this past January, first in 15 years---and adjust to yield the same 11% when initially offered in 2000--and you get the offering price of $15 then, with the equivalent yield price of $12.75 or so now, and you know where the money went.
Of course, if you'd have stepped in in 2000 and reinvested the dividends, right through the lean and fat times, you'd have 4X the shares, about 3.2X the money. $100K would be about $250K, yielding now about $25K a year.
For new purchasers, it will yield about 15% at just under $10, so there's where I start to buy in dribs and drabs with fresh, non dividend, money..
I'm not so sure. if you count new jobs at Mickey D's worthwhile it has only been since December 2014 at some of the jobs are peeling are genuinely middle class I don't think we're going to be behind the recession until we get a resurgence of a proportion of middle class jobs in the 50 $120,000 class sufficient to be equal to what was procession recognizing some of that was contrived. To know doc loans pushing banking industries up your check I don't know where to go to get reliable figures concerning whether or not that is happening at all
Silver is getting killed on anticipatory rate hikes no matter when, but with China crashing, it's no wonder they'll find excuse after excuse to put off this "inevitable" event, having waited through the "7 year cycle" so adroitly, it's "time" for the next recession!!
Are you doubling down in SLV/AGQ/SLW or just riding the shorts? or just riding. For those in at $44, there is genuine pain here, not fun.
Owl b beck.