That said, now may be one of the BEST time to buy and hold major oil stocks. I just added more HFC today. Hope to add more CVX, COP, RDS/B, BP soon.
Now the Saudi will produce more oil and once the ban on Iran is lifted, it would get worse for oil price. China already slowed down and does not need more oil.
It was funny you mentioned it, he did call everybody (I meant everybody) who disagreed with him LIARs just like you-know-who called everybody a fannyarse. Can they not try to be more creative? More funny is this JC dude defended the dividend of PSEC, and it cut its dividend, then he sued the company. He also defended KCAP's dividend and KCAP cut its dividend. Does that mean he will now file a law suit against KCAP? Actually KCAP may be a better target since its management did misrepresent their asset values and got caught. He picked the wrong BDC to sue, IMHO. LOL
Just imagine, if you would have bought some UWTI last Friday and sold them off this Thursday, you would have made a truckload of money. The one who claimed he could read chart did not say one thing about buying UWTI last Friday or early this week. Funny.
Why did you waste your time in badmouthing a company?
Did you not previously keep posting that you did not believe PSEC would cut their dividend? Then when you were dead wrong, you said you would leave and never post in this MB again?
Now you returned and attacked PSEC with a vengeance, after telling everybody you had filed a whistle blower law suit against them?
Nobody would wast their time in reading your posts, do you know WHY? It is because you had lost your integrity and credibility by breaking your own promise. Please just go on with your life. Creating a public nuisance is a criminal offense in most cities.
If for some miracles, DOW would go up more than 200 points in any one trading day, I advise you to grab some DXD fast. I would. This market will implode on or after April, IMHO.
Adding more SCO was really a no-brainer, there was just no way oil would rebound so much so fast. The US oil stock pile was at ALL TIME high.
We may even have another negative GDP for Q1 2015. However, a bad Q1 GDP may not actually be bad for the market because it may mean the Fed has to delay their raising rate. So bad news may become good news? Thoughts?
Last year, the 2014 Q1 GDP was - 2.1%, nobody had predicted a negative GDP. I believe we would be very lucky to see any GDP above 2% for 2015 Q1.
Such a long and brutal winter can do a lot of damages to the economy. Everybody had to stay home and nobody could go shopping and spent money. Airlines had to cancel many flights. Housing projects had to be delayed and car dealers could not sell cars. Now of course, we may have a lot of babies being born later of this year. LOL
GS reduced their forecast for the 2015 Q1 GDP to 2.8% because of the cold winter. This may be one of the most brutal winters I can remember. Just a few days ago, Chicago had another 5 inches of snow. Snow in Boston had accumulated to an unheard of level, basically collapsed roofs of many houses.
I like PHD, a floating rate ETF, used to own it. Be careful with HNW, basically a junk bond fund that uses almost 30% leverage, may not fare well if rate is raised. There is really no safe fixed income ETFs out there.
I guess the title of your message kind of confused me. I believe the next ex-div date for FSFR is 3/31/15, next Tuesday. No pun intended. J