Home

The S&P500 is off 2.07% at this moment–seemingly routine after a big up day yesterday. All I know for sure is I am glad that I don’t hold any NASDAQ stocks–that would be painful–my conservative income issues provide enough pain. So off 13% or so…

I have added a new page for I Bonds–it is in the side menu and can be found here. Randy had mentioned we were at the time a page should be devoted to this popular topic–I think we should have had this months ago. If folks have posts for this particul…

I just took a moment to clean up the Socker Drawer and Reader Alert comment pages. As some of you have noted those pages get really slow when the number of comments gets high–they were both in the 1500 area so I deleted 1/2 the comments which should s…

Well it looks like we are going to see a soft start to the week with the S&P500 futures now off .75%. Last week the S&P500 traded in a range of 4268 to 4513 before closing on a ugly note on Friday at 4271 which is 2.7% below the close the previ…

What an ugly day this has been in the stock market–while I hold no common stocks I keep a close eye on what is occurring there. Down all day and each time there is a little bounce the sellers come in–maybe investors are finally believing that a reces…

Saratoga Investment Corp (SAR) has priced their previously announced baby bond. The issue prices at 6.00% and is rated BBB+ by Egan Jones. An optional early redemption is available to the company starting in 2024 with maturity set for 4/30/2027. The co…

Business development company (BDC) Saratoga Investment (SAR) will be selling a new issue of baby bonds. These notes are likely to have a shorter maturity date–5-10 years. The company has a 7.25% note issue (SAK) which is currently trading at $25.42 an…

Well once again we will probably see some excitement after a long holiday weekend–I can’t envision a week without plenty of movement in both stocks and bonds. The S&P500 fell by just over 2% last week as we got inflation numbers that were plenty h…

CEF Rivernorth Opportunities Fund (RIV) has priced their previously announced perpetual preferred stock. The issue prices at 6.00% and is rated A1 by Moodys–investment grade. The issue is cumulative and perpetual. This is a solid coupon on an A1 offer…

Well it is about 90 minutes to the release of the latest consumer price index (CPI) and while we all know that the number will be plenty ‘hot’ I am hoping that it will be either at expectations. After the shellacking that income issues took yesterday a…

Here we go–another week which will be full of ups and downs in equities and interest rates. On Tuesday the consumer price index (CPI) will be released and the forecast is an increase of 8.4% year over year. Also we have at least 5 speeches from FED fo…

Giant agriculture cooperative CHS Inc. announced earnings today. Earnings were way above last years quarter with net income of $219 million compared to last years quarter of a $38 million dollar loss. Finally (after years of marginal earnings in a busi…