continues stock purchase buy back at these low prices. If fed goes in December we may get a dip, but it may already be priced in. Those who wanted out because of potential rate hike most likely are out. JMO
UBS is starting to issue clones on some of its products through UBS LLC. For MORL, the new issue is MRRL. MRRL is the same as MORL but it looks like UBS trying to limit liability or exposure to the the Bank by issuing any new share through UBS LLC. Just my opinion, anyone else following this?
The markets have been anticipating a rise in interest rates for some time now. The fed action has been to talk about lift off and then do nothing. Now Janet is worried about EM and especially china slow down. In my opinion the US economy still stinks, job numbers are a joke with the participation rate at 40 year lows. 47 million in the EBT soup line suggests the economy is going nowhere fast. Wall street doing well, government employees doing well, main street gets the shaft and must deal with the exporting of jobs and importing of low wage workers. The new normal is low interest rates for the foreseeable future, continued deficient spending and more growth in the 19 trillion debt. Every 1/4 per cent fed rate increase will cost the US another $45 billion in annual interest payments. Get use to low rates, they are here to stay. JMO