Bond funds had a great run in price appreciation while rates were going down, that will reverse when rates begin to normalize and any increase in yield will not compensate for the coming price depreciation. I'm almost all out of my bond funds and have saved a bundle over the past month. I will buy in slowly after the carnage when QE ends.
$10.71
with a forward P/E over 21 this is more than it's worth.
The panic selloff is a rare opportunity for the patient investor to add to his REIT allocation or buy back in.
Bond selling has been triggered by the Federal Reserve saying it may "tapper" it's bond purchases as early as June. Add to that the fear that they may also begin to raise short term interest rates, or there may be a stampede out of the bond market, then you get a very nervous environment.
It may well be that central banks no longer feel they need to own some gold to back up their currency. Other countries see that the US and now Japan are ignoring debt and creating money out of thin air so they are dumping gold and joining the party of musical chairs and fiscal irresponsibility.
It's "party on" for now, that is, until the music stops.
Nice to have some insurance going into a weekend and before a usually bad (all time high) Monday stock market.
"As the housing market continues to improve, house flipping is coming back into fashion—but just like Capri pants—not everyone is cut out for it"
Fox Business 4/3/13.
Housing inventory is starting to dry-up in many parts of the country. Almost every data point shows an improving housing recovery. The house flippers are back in my area and they got money. Consumer spending and sentiment may be down in Michigan (Why bother? The Motown area has been dead for years) but spending is alive and well in my area and many parts of the country.
We were due for a little pullback, Warren Buffett says it never feels good when it's the right time to buy. If you are looking for a part of the market that has a good chance of another leg up I think this broad housing related ETF is a good bet.
Navellier's stock grader will have to lower his sales and return on equity rating from "D" to "F". All other catagories such as total stock grade and free cash flow are rated "F". Hard to find any other company in the S&P in worse shape, stock will plummet when they are replaced on the indexes.
I hope that's their low price target anf not the high -- good God!
Lewis Carroll - Barron's
"Don’t bargain hunt for iron-ore mining companies yet [YTD BHP -11%, RIO -18%, VALE -19%, FSUMF -19%, CLF -46%]. Things were bad in 2012, have turned worse and will become worser.. China is increasing production, increasing steel recycling, and cutting imports; and did you hear about China trying to cool its hot property and construction markets? A lot of Australian production is coming on stream. The result will be an oversupply the industry has never seen and the iron ore will crash below $100 [current $134, YTD high $160]; there is no turn up in sight until 2015."
May be bad for Cliffs on Moday.
Anyone who takes advice from the fools at the Motley Fools or Seeking alpha is a fool. The chance of CLF, or the other loser they push BTU, of taking off is close to zero. So many strong stocks out there and some people buy into this falling knife?
Yea ,they are a little short and a little too late (raised from a rediculous 104 price target). Wake up and smell the coffee.
Bankruptcy??
It's another Wall Street Secondary
Can't keep these markets down with all this liquidity sloshing around. KORS having a bad day (thanks BTW for the lower entry point) but with all the bad news out there the markets are still trending higher. So for now it's "risk on" dam the torpedoes and jump on these pull backs because they just don't last.
NexGoldilocksox hurdle - Do I sell in may and go away? LOL
I think the reason given for the downgrade was the weak Japanese Yen. But I think AFLAC is currency hedged and if you think the Japanese aren't going to protect themselves from another Tsunami like catastrophe think again. Oakmark and Hussman among the buyers.
AFL added to ZACKS strong sell list on Thursday. Too bad the news wasn't posted earlier, I wouldn't have bought more shares Friday. On the other hand Zack's has been notorious for bad calls. Looks like someone came in after hours Friday and bought whatever shares were left to sell. Anyway the valuation is a good enough reason to own AFL.
Range $44 -$ 54 nice dividend - buy the dips sell the rips
I execpt huge outflows today on treasuries. Adding to ST corporates if they drop. Any ideas when to get back into TLT?