Buying basically a total fixed income mutual fund in a raising rate environment is a losing game. The best years for bonds are in the rear view mirror. I agree SELL
We have strong global completion, no real demand, rock bottom iron ore prices, no growth going forward at least in the near term, and a strengthening dollar that's pressuring all commodities. The chart for CLF says it all.
By Yellen not ruling out a June increase in the Fed Funds rate bond markets around the world are beginning to unwind. Stocks will follow bonds down the rat hole along with Greece, China, and the Mid East.
You know all is not well when the DOW hits new highs and commodities are hitting new lows. I'm sure the slowdown in China has something to do with it but trying to export with a higher price tag favors the weaker currency competitors. So now we have too much supply whether it be oil, copper, corn, wheat, or iron ore and no one to sell it to.
In the present environment of little to no global growth I see little hope of change. Some smart world leader could suggest a global infrastructure fund where everyone chips in and everyone benefits. New roads, jobs, and a sense of global cooperation would be a pleasant change.
7.24 m shares could be gobbled up in one day. I will add to my shares, selling a breakthrough drug stock because of a increase in the float seems like a regrettable knee jerk reaction.
The Islamic State is unfortunately strictly following the words in Koran regarding "the disbelievers". We are the infidels, the disbelievers, and in the words of the Prophet the enemy of Islam. We are at war with this interpretation of Islam and it's about time this administration wakes up to that fact.