There is a CEF_'RNP' that manages a port almost inclusively in these preferreds. Like any CEF the opportunity can come to buy at substantial discount to NAV (then opposite can unfold). During tax selling season I was able to buy RNP at a NAV disount at 15.92/sh (and distribution) Today at 17.06 is a -14.5% NAV discount with a market price distribution of 7.03%
By the way he confirms that in his memior book. Your post attempting to 'call out' Tahoe best illustrates a difficulty with factual knowledge. 1st Tahoe was posting about the series A preferred not the common. 2nd even if you had a capital loss on the equity you would still owe tax (in a taxable account) on the distributions__usually referred to as dividends by amatuers (technically they are distributions because as a trust_they are not shareholders but unitholders. 3rd Tahoe posted it was a "Roth" IRA so no taxes__no way unless pulled b4 59 1/2 years of age or a qualified early withdrawal.
you better stick to ur more ridiculous posts__facts are not ur strong suit hearhere.
Hearhere he/she was talking about the series A preferred. It is referred to as comprehending what u read. But, ur case ur eyes are clogged with poo because, well we know where ur head is at.
What I am giving you hell about these continual unethical posts you make that may cause some young one to liquidate positions or forgo contributing to their IRA or 401/403. That is sinful esp when you lack the fundamental knowledge to comprehend market interactions.
Look back at my reply to your idiocy projection for those floaters. It is not about hope and FED manipulation it is fundamentals. Once I looked up the offering and read it__it was completely clear where those tenders would yield-price at. It is completely obvious you have absolutely no understanding of the Bureau Of Public Debt finance process.
As I mentioned around then if u wanted floaters you could have bought JRO at a -8% discount to NAV or FFHRX (a good parking place).
You have absolutely no business posting your idiocy for even limited mass consumption. But hey if you want to lose out on the late fall to next spring run when the NASDAQ will be breaking out to a new all time hi (finally passing 2000)__keep shorting and paying out divs. Once you are finally broke (or sued to oblivion) maybe you will crawl back under your rock.
The expected earnings momentum decrease; depending on sector, will be from weather, the uptick in bank loan refinancing, cancellation of input commodity contracts, outside of average currency swings affecting multi-nationals and almost universally for U.S. smaller to midcap entities the overhang of the Affordable Care Act.
As long as the global central banks remain within the concerted parallel efforts of cooperation and stave off political arm twisting for currency war we will grow past the earnings slowdown.
This recent market turmoil is exactly about shifting sectoral leadership within indexes to adjust to this. Many have commented on recent volatility, but the reality is we have experienced an out of average low period and now returning to mean. If you want to know which sectors will lead out of this go back to the last corrective phase into Feb 2/3 and calculate the relative strength, money flow and on-balance-volume between the sectors that lost the lead, those leading out of that low and now. That is how you read the internals. Not some stupid Elliot Wave analysis or dr. chumps/Hussman BS.
Your fundamental ignorance of how the markets function is not just appalling it is sinful (considering your continued stupidity in posting what others should do). You have to be a moron to have projected those floaters at a rate near the 10 yr Treasury when they reset off of bills. What did u think__bills where going to jump up to the low twos. Not_you either never read the floater offering parameters or do have the brains to comprehend them. But now for you to blame it on the FED is ludicrous. The Treasury offers bills, notes, treasuries and now those floaters for sale in addition to savings bonds. Except for savings bonds it is an offered market with buyers bidding the price which inversely sets the yield to maturity. The FED has absolutely no advantage in those auction markets over anyone else.
Go away until you read some books or take some classes before your stupidity harms naïve fools. You continue to squish any brain cells you have remaining ever time you post.
he is a bigger quack than u.
I have posted numerous times b4 many of the amatuer idiot posts you have done. How about when you posted approx 6:30 pm central time "Europe markets currently crashing" Those markets wer closed for over 6 hours. Let us not forget your sweet corn example as commodity pricing. How about ur projection that those floating rate Treasury(s) would auction at mid to hi 2%. They came in at what was it 0.20% or so. Let us not forget your recent post that Russian Treasuries were crashing when there is no such financial inntrument or your Euro treasury post when again there is no such financial instrument.
What you are is looney baffoon and some naive idiot that allowed u to scare him/her out the market last early summer; therby missing all that runup should have the subpeonafield and then sue you into oblivion if you have any capital left after all your missteps in shorting while having to pay out divs.
Since your are in the Jewel market area why don't you take some of my curriculum classes at the CBOT and CBOE and learn what drives the markets instead of those meaningless calcs you tout. At least if you took some classes you would at least learn what a commodity actually is and what financial instruments actually exist. If I stepped on my typing fingers as much as have over the past year with all the mis-information you have posted I never would have the gall to return to this board.
You claimed 2/14 was 95% guaranteed. Why are nuts like you never satisfied with just losing ur own money but want to drag others into the abyss of stupidity with you.
There are three Seeking Alpha writers currently under indictment and will certainly face civil lawsuits for their stupidity. At the Yahoo shareowner meeting a discussion surfaced about this. Hopefully the first subpoena Yahoo receives will be to deliver your identity and the second should be for the Riccaro money flow quotient nut bag.
This was a fantastic day in the markets. Our spreads were soaring and we were able to intiate new ones. Was able to pick up credit default swaps for JCP at 0.44, RSH for 0.49 and ALLY for 0.68 cents on the dollar.
Fully expect to find numerous arbitrage opps as trade travels from GMT +12 to GMT -5
Are you still trolling the boards touting that loser system of yours. After getting your #$%$ wiped two years ago__we all hoped you hung urself.
Everybody ignore this idiot.
Do u hv any concept what a 'Hazelnut' is. Let us find out? Describe the planting that produces this crop? What US wise fertile (surving winter zones) can u plant it in. Now tell me if you were try 2 buy one of these plantings__will it B shipped potted or bareroot?
More importantly can u tell us what cross (probably from a squirrel gardener) was this a Hazelnut propagated ?
"I arely hold shares for longer than 3 to 4 months"
Buy the way__professionally_we wld classify u as as 'swing trader'. Nothing wrong with that!!
But I do know u r rather aged__so keep in mind a port needs an income alloc. My opinion remains they r 2 b found in floating rates, selected corps and 'new income (emerging) funds'__that have their ports adjusted__for a transition from 'local currency pricing to'__US $.
I have continued to shift income ports from duration and convexity curve forward pricings. Unless u r a bigtime $$ money player__this is hard to do with individual issues.
There are alternatives__these are in the financial futures__and maybe surprisingly within Closed End funds. Within the CEF world__I have found and continue to shift income port allocations from the inherit duration rise to__purchasing a discounted NAV pricing and therefeore (discounted duration).
well ray we all hv to run r ports and in my case others like we c wn them. I give u credit 4 doing ur own. I do not invoke margin__when I was under-capitalized (when young) yes. Now that amounts to a gamble. Since we use the futures markets as primary spec vehicle__there is already a multiple for the forwards vs cash (except for energy mkts)__so in reality a margin component is built in,
Buy the way I have a number of companies t(+/- 22 that I have held since 81/82__reinvesting divs_on and off. That port which I call the ‘DRIP port' has at least matched the performance of all other ports. However, at multiple cyclical qtrs__it has relatively underperformed trading ports.
related index detoriation
Anyone still in this market?.
what did u do__run 4 the hills again only to buy back in higher. (likie Dec). Other than that ur post is ur usual worthless blather. Last wk showed that sectoral rotation within the indexes were now broadening money flow contraction from momentum issues to value index participants. We put on a spread between the S&P 500 and 600 and Russell 200 and Russell 2000. We r very happy campers right now!
People like Dr. Chumps or raybuns [run for the hills at the end of last year and then buy back in at higher levels]__post their (amateur) idiot advice almost weekly.
When Dr Chumps was posting last summer “short every thing”___after repeatedly posting “sell everything”__starting on the AGNC board last April or so___I had to brain slap him.
I do not project markets (that is a gambling chance)__I read them. The markets are reading that whence the IRA/401K/403K(s) flows have ended__we will have a rough summer__While I would welcome a 10% plus correction__any corrective phase will be index masked by sectoral rotation.
I will re-position assets in2 relative strength; as always DRIP opportunities and emerging market funds that actually have managers (Fidelity).
^GSPC_amatuer known as the S&P 500 is at 1872approx 0.63% below the all time closing HI of 1883.97. That is also the print HI. As I have posted b4__we need a ‘health restoring’ correction. This recent downturn (probably birthed from Putin) only produced a relative index correct of 3 some %. Typical of ‘rolling corrections’__the indices mask falling of sectors and either the rise of new sectors (or re-establishment) of prior sectors.
This is the key to understanding and forecasting a forward market view. Within the GSPC we look at a ten sector divide. We try to place current sector relative strength [RS] against historical performance during prior business cycles. This is where judgment calls are made__business cycles__do not stop and start__they feed in2 each other. However, there is a rather reliable sectoral rotation within the cycle.
If you ever studied transmission or network system feedback loops__this is easier to comprehend. It is the plotted—expectation of historical mean sectoral relative strengths that tell us where the equity markets “portend where we are at within the business cycle”. The equity market is always right in the long term__but may have seriously mis-judged in the shorter time frame.
For market students and curriculum developers (which I am both)__this cycle has (and continues) to present difficulties. Coming out of a trough (recessionary correction) usually financials will lead followed by discretionary sectors. As any market analyst knows: until recently they have been RS wise losers. It is interesting that we have [expected later cycle] capital intensive sectors rising along with the (now long awaited) early sectors.
’We took a trip up the coast”___ the reply “are you on the right message board”?
After years of ‘raybuns’ clogging this board__using it as his personal bigoted blog__and remember (my having to repeatedly brain spank any market knowledge)___now this poor reprentasation for a “CONSERVITVE”____has the ‘GALL’ to suggest admonishment for this posting???
So since u have posted u do not own any AGNC__why are u here??__Oh I know when asked this of you and other posters (b4 the flame (herexfccck) ran u out)__U and and the other side feel they have some alienable right to use up Yahoo shareowners resources__to justify position views.
Fed set to ditch threshold guidance------that was the c’mon title for a ‘finance home’ linked webpod.
Is this a return to a less transparent FED or phrased another way__a more autonomous FED?
If a guidance change actually transpires__I contend it is de-trend from signaling verbiage intended for mass interpretation.
When is the last time you heard the ‘Discount Rate’, ‘Reserve Requirement’, ‘Required Margin Percentage’ or ‘Reserve Multiplier Rate’ mentioned in the financial press??
Note: The two reserve mentions are related. All these adjustments are still available to the ‘FED’__but take serious note of history.
In the 80’s to the mid 90’s (I mention those decades as a reference to what most who post on these yayhoo site will have experienced)__we actually monitored rate-of-change measurements to forecast cause & effect analysis. We monitored ‘Free Reserves’, M1 transitions to M2 and M3, FED repurchases and reversals. These measures would statistically project the “Discount Rate”.
I am suggesting a coined by Michael “de-trend in transparency”. FED transparency functionally serviced the system while liquidity desperately was needed. Recent retail market events suggest that FED transparency (policy statements) inject out of parameter volatility in the debt markets.
Ergo a less transparent FED and more towards the old ‘listen to what they say__but analyze the data’!!!
“”Often thee ‘OLE-England’ is noted as a precursor to our ‘Central Bank (FED)’ construct. It is actually the procedural process developed by the ‘Bank of Amsterdam’ as proliferated in one of the five books of “Wealth Of Nations” (actually titled “An Inquiry Into The Nature And Causes Of The Wealth Of Nations”; Adam Smith (1776). Yeah 1776__the FED was created by a 1913 Act and then modified later.””