My response to your post never get posted, probably too long.
The volume on S&P500 has been very low this week. Hard to say if it will reach 2000, probably will, but with what happens in Ukraine where war is almost imminent, all three indexes plus Russell will come to Florida to visit you SOON. I am cheering for both Russell and DOW to rise more so I may add more TWM and/or DXD. We would have a either record breaking or September or one with corrections.
Many including some of the FED presidents had predicted that the FED may raise interest rate as early as March, 2015 and I said "Baloney" (Slick's favorite expression).
You have to understand what Yellen's primary goal is. She wants to keep all the rice people who would support Obama happy and assure the next President elected in 2016 would be a Democrat so she would keep her job as the Fed chairman. I now believe she would stall as long as possible before she would even start talking about raising interest rate, by then it may be already too late. Therefore, I believe it would be actually pretty risky for one not to have at least some bonds in one's portfolio. I bought back some DHY today and would be adding more if it drops. It may be the more stable bond ETFs with the highest yield at present (9%). GLTA J
if not a screaming buy yet since there are so many who are shorting it and it may continue to drop, but its accidental yield has now become almost 8% and it has been steadily increasing its dividend. It reached its 12-mo low of 37.81 earlier today and found this price was quite ridiculous. I just bought more at 37.84. Now of course my timing is never perfect.
That is the advice of one of the well known economist/financial guru.
Usually a typical bull market will last 3.5 years with a bear market follows that will last nine months. This current bull market has been going on for five years now without any significant pull backs.
CASH would be KING.
Interesting, DIS never go down in longer term, just went up and up, yet it was one of the most shorted stock.
It also only paid dividend annually but it kept raising it:
Ex/Eff Date Type Cash Amount Declaration Date Record Date Payment Date
12/12/2013 Cash 0.86 12/4/2013 12/16/2013 1/16/2014
12/6/2012 Cash 0.75 11/28/2012 12/10/2012 12/28/2012
12/14/2011 Cash 0.6 11/30/2011 12/16/2011 1/18/2012
12/9/2010 Cash 0.4 12/1/2010 12/13/2010 1/18/2011
12/10/2009 Cash 0.35 12/2/2009 12/14/2009 1/19/2010
12/11/2008 Cash 0.35 12/3/2008 12/15/2008 1/20/2009
12/5/2007 Cash 0.35 11/28/2007 12/7/2007 1/11/2008
12/13/2006 Cash 0.31 11/28/2006 12/15/2006 1/12/2007
12/8/2005 Cash 0.27 12/1/2005 12/12/2005 1/6/2006
12/8/2004 Cash 0.24 12/1/2004 12/10/2004 1/6/2005
"Altria announced on Thursday that its board of directors increased its dividend by 8.3% to $0.52 per share per quarter, up from the previous total of $0.48 dividend. The new annual dividend of $2.08 per share generates a yield of 4.9%, based on Altria’s most recent closing price of $42.46. Altria said that it has a dividend payout ratio of approximately 80% of its adjusted diluted earnings per share. We have expected that this will potentially rise to 85% in past reports."
I thought about buying some as soon as I heard about its settlement earlier today but 16.65 bullion is three years of their profit and if we are truly in an aging Bull market, financials will be the ones that would not fare well.
"Altria Group, Inc. (Altria) (NYSE:MO) today announced that its Board of Directors voted to increase Altria's regular quarterly dividend by 8.3% to $0.52 per common share versus the previous rate of $0.48 per common share. The quarterly dividend is payable on October 10, 2014 to shareholders of record as of September 15, 2014. The ex-dividend date is September 11, 2014.
The new annualized dividend rate is $2.08 per common share, representing a yield of 4.9% based on Altria's closing stock price of $42.46 on August 20, 2014. " (Its previous yield was about 4.5%)
Strangely, price of MO barely moved today.
Yea, a few years ago, I bought a set that contains a 1/4 oz US Statue of Liberty gold coin and a SOL silver dollar for $ 17.50 in an estate sale. But lately everything in local estate sales were junky and overpriced, almost like most of the stocks today, LOL.
Just sold off those TWM that I bought at 45 for 45.80. Should have kept it a bit longer but hind sight is always better. profit is profit.
While both DOW (up 0.23%) and S&P (0.11%), NASDAQ was down 0.24% and Russell 2000 down much more (about 0.72%). My TWM just rose 1.62%. In my BDC watch list, about half the BDCs are in the RED.
It would be a very interesting Friday tomorrow when Yellen speaks. I do not know what tricks still left in her pocket that will push stocks further up. There are only so much drugs you can give to a sick patient. Did anybody notice that the China manufacturing gauge dropped?
"A Chinese manufacturing gauge fell more than analysts estimated in August as a credit slowdown and property slump add to risks the world’s second-largest economy will miss its growth target this year. "
Just give you a thumb up, do not understand why somebody would give you thumbs down just for expressing your thanks. That is one thing I love this board because we can discuss any topic in a civilized manner and learn from many wise posters here.
I almost bought some Dollar Tree stocks (DLTR) earlier this week because in our local Dollar Tree store, it was always full of shoppers who would buy, buy, buy to the point they would run out of shopping carts. They have $1 helium balloons and we love to buy one every time when we visit our grandson because he loves balloons. They also have bifocal reading glasses and sunglasses for $1 a pair. My wife loves their cleaning supplies such as sponges and gloves. I really love to buy the octane boosters (add to your can's gas tank) which was made in USA for $1 a bottle. Recently, I even found packs of two 100 W light bulbs for $1. They were supposed to be banned from import and manufactured in the States but the package have 2014 on it and they were made in China. They have a lot of good package foods (like canned olives from Spain; canned fish from Canada; Sugar free cookies) and even frozen food. Therefore, when they lost the bid on Dollar General, their stock price dropped and I almost bought some before it announcing its earnings today. Interestingly, its earning was disappointing and it dropped 1.80% so far today. If even Dollar Tree is not doing well, what would that say for our economy?
Before HD and LOW announced their earnings, I was considering buying one or may be both of them. I always like HD more and shop there more often. Well, HD shot up 5% after their earnings while LOW dropped. Another interesting scenario. I did not buy either one though. These days, a company can be punished or rewarded handsomely based on their reported earnings
Early bird got all the worms? Every Saturday my wife and I would get up as early as 6 a.m. and went to 10-14 garage sales within a 20 mile radius from our houses, looking for treasuries. By 9:30 a.m. the latest, we would be eating breakfasts at MacDonald. Did find a lot of good stuffs if we were early enough, some time 10 cents on the dollar and no sales taxes. They even sell cars some time.
Thanks, frigator, after sold off MCC earlier this month, always wanted to buy it back. Its last NAV was 12.65 (on 6/30/14) and its NII was 41 cents. It already set its new SPO price at 13.02. I just bought some at 12.88 in the pre-market because a 0.37 dividend is coming with ex-div date on 8/25, that means I would only pay 12.51. What a bargain. Would try to get more at 12.65 and 12.35 today. BUY BUY BUY
However, another big bubble may be student debts.
According to this 8/12/14 Bloomberg article:
"Student Debt Threatens the Safety Net for Elderly Americans"
"Until his Social Security check arrived nearly $300 lighter last June, Eric Merklein, 67, had no idea that he was carrying outstanding student debt. Merklein eventually learned that the government was taking money from his Social Security payments to repay loans he took out roughly four decades ago; he had thought they were paid. Merklein was unemployed, and the garnishment amounted to one-sixth of his total monthly income."
"While people aged 50 and older hold only 17 percent of all U.S. student debt, this group has nearly three times as much debt as it did in 2005, according to the New York Fed data. By comparison, student debt for people under 40 is about one and a half times as high it was then."
I almost thought it was a April Fool's joke when I first read it.