Home

NOTE–I INVEST FOR THE LONG TERM WITH 60-70% OF AVAILABLE FUNDS–MORE IF I COULD FIND ACCEPTABLE RISK/REWARD. BELOW IS SOMETHING I DO ONLY FROM TIME TO TIME AND IT CERTAINLY IS NOT SOMETHING I ENCOURAGE FOLKS TO DO. Tomorrow has the potential to be a g…

The Fed did a $60 billion overnight repurchase agreement this morning which is within their plans as far as I can see, but some pundits have noted that the FED is reducing the overall balance of REPOs outstanding–which is a part of why we saw the bala…

The S&P500 moved higher last week with a low of 3214 and a high of 3283 before closing the week at 3265 a gain of over 1%. The 10 year treasury which had been trading in a range of 1.87% to 1.94% for a number of weeks traded in a range of 1.76% to…

Employment numbers were within the expected range so we are not seeing much action today in any particular market–that’s good–I like quiet. Interest rates have moved a bit lower on the tepid wage growth of .1% in the employment report so it is being…

Almost daily I look at many preferred stock issues that I might want to own–some are for ‘flips’ but some are for long term holding. My own searches and comments made by folks on the site usually lead to some preferreds with really interesting behavio…

We all know that tomorrow the monthly employment report for December will be released. Is it likely to be meaningful to markets? No, I don’t think within a reasonable range it will be meaningful for longer than 2 hours–then the stock market will move…

Well the stock market is flying today as the “China deal” is the gift that just keeps on giving. Seems like this deal has given the stock market 10% of its gains this year. Interest rates are just a tic or two higher–as high as 1.90% to now at 1.89%–…

This is simply a replay of the note I posted on 11/23/2019 and previous to that in September. The number of opportunities in the investment grade arena has fallen since that time–i.e. issues are trading TOO HIGH. I will work on a new listing for the n…

So stocks ‘partied on’ and interest rates spiked up to as high as 1.88% before settling a bit lower. I though when I tallied the numbers today I might see a little give back in income issue prices–but NO. The average price of all preferreds and baby b…

While personally I am not worried about the longer term performance of giant Ag Coop CHS (untraded), but the short term outlook remains dicey. CHS has just filed their earnings for the quarter ending 11/30/2019 and there isn’t a sector that they operat…

The President gives a reasonably moderate talk to the nation and traders declare “party on”-seems kind of early to me to be celebrating, but what do I know? With the S&P500 up about 7/10% interest rates have got on board and the 10 year treasury is…

It is strange how we can go from a fairly large drop in the futures markets overnight because of Iranian missile attacks to a market that is acting remarkably calm. With the killing of the Iranian general last week I thought that we would see some shor…