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I Do NOT Like What I See Inna Charts.... Been Lookin' At Some Bond Charts. Prolly Cover It At Some Point Below.....
Friday, July 5, 2013, 12:02 PM
It makes me cringe to have 'experts' tell us not to fear the Fed. You don't fear the Fed but you do fear a market that fears the Fed. If the rest of the world is selling because they are afraid, justified or not, you respect the price action and move out of the way.
-- James “Reverend Shark” DePorre
I bought both DVDs.
Clapton said that Freddie was the most challenging to play live with. "He'd tear you up."
http://www.youtube.com/watch?v=mTU6cffChsU
Clapton told JJ Cale that he loved his song, "Cocaine." Cale laughed and said, "You should! It's your song!"
http://www.youtube.com/watch?v=DVl-oXi-TpY
Think "Sunshine Of Your Love".
A month or two ago I reduced stock exposure into risk. I reduced bond exposure into risk about 6 weeks ago. I've been re-establishing stock exposure into rising prices. Some of this I got pretty extreme about. It Appears To Be Working. Real Well. I Like The Numbers.
So Far, So Good....
http://www.nytimes.com/2013/07/05/opini ... e&_r=0
Here's The Chart Alluded To Inna Title...
This is a 10 year Treasury Note chart. Yields (pay out) have been dropping for the whole duration of the chart. If, in late '94, you'd bought a new 10 Year Note, you'd have gotton a yield of say, 80. By late 2002, the new 10 year yields were down to around 40. Your old note's US government rate was twice the yield of the new notes. That meant that not only was it throwing off interest payments at a fabulous rate, if you had to sell it, it yielded as highly as very risky bonds... with none of the risk. Much higher interest rate than the equivalent 2 year note, which is what ya got left onna original 10 year note.
Now it looks like the run is starting to unwind. Every bond you hold in yer bond fund will prolly yield less or equal to one you can buy next month or next year. Want ta get out of the bonds you hold, like to get into something else that's doin' better or pay the groceries? That means dropping the price you get to where it looks like a value to somebody who will get a better deal the longer they wait. Lookit the first chart.
The best way to invest in bonds is the buy them outright. Which I did inna 80's. I bought bonds paying 12% double tax free. Every year bond interest paid by new bonds dropped and while my bonds became worth less because they got one year closer to being called, they became worth more because they paid better than newer bonds. Pretty cool. I held them until they were called and got all the interest and more than my money back. (I bought them at a discount). When you invest in a bond fund, you go in with all the other investors. If they bail wholesale,the fund sells inventory into a falling market and you lose despite holding firm.
That's why I'm inna stable value. For now... 'Course I'm just an old broke down pipefitter and this is just only what I'm doin' wit my own money. Someone smart 'll tell ya something else. YMMV.
http://www.debka.com/article/23101/Obam ... otherhood-
The pain trade...
http://www.businessinsider.com/treasuri ... ade-2013-7
http://noahpinionblog.blogspot.com.au/2 ... -what.html
http://www.bloomberg.com/news/2013-07-0 ... actor.html
http://www.businessinsider.com/its-up-t ... omy-2013-7
http://www.thereformedbroker.com/2013/0 ... g-volumes/
http://www.businessinsider.com/rosenber ... ger-2013-7
http://www.bloomberg.com/news/2013-07-1 ... sales.html
http://www.bloomberg.com/news/2013-07-1 ... sales.html
http://pragcap.com/so-this-is-happening ... ate-market
Another "V" shaped recovery. Bounce off the 50 day ma, chatter along it, power dive through it, flush out the cautious and profit takers, drop through another level of resistance, close below it for almost a week, suck in the bears, AND TURN AROUND AND GO ALMOST UP FOR 11 DAYS OUT OF TWELVE. Then to add insult to injury, gap open a buncha days and hold that level all day, so that all the gains come overnight, so they tell you nothing about the health of the market.
The best way to make money in this market is to be insanely aggressive, mostly oblivious of risk, too unsophisticated to realize that markets devour the unsophisticated, and too lazy to take profits on the way up. Sometimes, fate and the markets play into my strengths.
Stay Tooned
  ( 3 / 1057 )
Somethi' Inna News 'bout Interest Rates Goin' Up... Maybe The 401 Was Payin' Attention.... Check It Out. Ya Think?
Friday, June 21, 2013, 11:53 AM
The purpose of fixed income in a portfolio is for ballast. It is not there to increase returns, it is there to reduce risk, hence you should keep the fixed income portion of a portfolio relatively short term, high quality, and currency hedged (if using international fixed income).
-- David E. Hultstrom
http://www.thereformedbroker.com/2013/0 ... e-factory/
Not A Good Week...Looks Worse If Ya Go Back To Da Start O Da Month...
Lightening Up On Stocks Worked Out OK. Didn't Lose Much. Now I Gotta See Which Way Monday Goes.... Don't Let This Week's Heading Fool Ya. I Paid My Attention During The Last Two Weeks Ratcheting Down Risk... The Balanced Pooled Fund Is My Benchmark. The Work I've Done At Getting A Few Percent Here And There, And Big Numbers Like This Week, Becomes A Serious Advantage The Closer I Get To Pulling The Pin...Especially When It Gets So Crazy That Bonds Act Like Stocks. A Brand New Journeyman W/ $15K Inna 401 Sees 5% As Chump Change. A 40 Year Guys Sees It As A Year's Contribution... I'm Big Time Inna Stable Value. Outta Bonds. Return Free Risk? Thank You, But No Thanks....
http://twl.sh/1053j9Z
Been der, lived troo dat inna 70's...
http://www.businessinsider.com/david-gr ... ime-2013-6
http://www.tennessean.com/article/20130 ... -?gcheck=1
Kinda Nixonian... And I Don't Mean Gary....
Look At Treasuries; Think Gov Bond Fund Inna 401.
Look At Corp Bonds; Think American/Vanguard Bond Funds Inna 401.
That's Why I'm Inna Stable Value. For Now Anyway...
Hangin' Out With Iron Man In The Late 60's And Early 70's....
Saturday, May 4, 2013, 04:00 PM
The one great certainty about the market is that things will always change. When we lose sight of that fact and dig in our heels on a particular viewpoint or thesis, it can create tremendous stress as we deal with an environment that may not appreciate our great insight.
Reverend Shark
It was way early inna 70's and my squeeze and I were in Santa Cruz checking out the U. We were walking the Boardwalk and just for S&G's
I bought a Marvel Captain America comic from the magazine rack, my first comic book in a decade and my first Marvel comic ever. I was blown away by the art. I was used to newspaper comic's little linear squares and here was something completely different. At that time in my life, I inhaled science fiction and fantasy at a prodigious rate, and the disconnect between the vistas in my imagination and the reality of then current film and TV was huge. Oh, you had yer Harryhausen and yer 2001, but the first was a few minutes of a two hour movie, and the second was an outlier. On TV, ya had yer Star Trek silver painted salt shaker medical tricorder and yer radio shack experimenter box with one switch and three lights, all shot inna studio with all the sweep and grandeur of a large closet.
http://www.youtube.com/watch?v=U9kmjW73-v4
http://www.youtube.com/watch?v=E8TABIFAN4o
The one comic book purchase led to a decade long run collecting comics and comix driven primarily by the art. One exception to that, was that I collected Iron Man books. I saw a huge potential to the title, but it was hardly ever even close to realized. The book seemed to get the second string if not the third string writers and artists. It drove me up the wall. Check out these covers, where Iron Man is in a unitard with lines on the boots, trunks and gloves, indicating segments. Not armor, not anything to Marvel over... A metallic suit with all the opportunities that reflections and detail allowed.... Not there. Nothing.
The one exception to this was when IM crossed over to a book with a first line artist in place. There he got a better treatment. Check out this page from an Avengers book, as drawn by Barry Smith, an incredible artist. Even in a book that starred as many as a dozen main characters, where the artist had to spread himself thin over all dozen, IM got a better treatment than in his own mag. There are pages to that book that I can't access that are even better...
IIRC, someone wrote to Marvel about this time asking about this issue, prolly inna Avengers book and over this story, and the letter caught my eye. The explanation was simple. IM was one of Marvel's better selling books, regardless of the resources allocated and almost independent of the quality. Why put a quality artist on it if it made no difference? Put them on another book where they would make a difference. IM always sold well. Not only that, but the book generated one of the largest monthly piles of letters and surprisingly, included one of the largest proportions of letters from females. There was clearly something at work beyond the book itself.
Finally 40 years later, IM is getting it's due on the big screen. Serious writing, serious graphics, an inspired actor, it all came together. I am not surprised. There was/is something beyond a comic book. It's nice to see.
http://www.youtube.com/watch?v=FSFjFGUZGIg
Incidentally, Marvel put the word out that they wanted nothing to do with Downey; too much prison time, bad rap for behavior on set, too many drug busts. He INSISTED on a screen test. This looks to be part of it...
http://www.youtube.com/watch?v=BxXgTLvL ... =endscreen
As an aside, here's Barry Windsor Smith's work on a Conan story. LOVE his Conan stuff. Click It And Dig It.
http://pragcap.com/10-classic-failed-tech-predictions
http://pragcap.com/theres-even-bigger-p ... f-thinking
http://www.ritholtz.com/blog/2013/05/st ... -disaster/
http://www.businessinsider.com/australi ... ing-2013-5
http://www.businessinsider.com/jeff-gun ... all-2013-5
http://www.businessinsider.com/to-save- ... -55-2013-5
Ya Gotta Temper A Life Lived WFO With Enough Quiet Contemplation To Appreciate It All. Yin And Yang, All In And Walking Away From The Table, Depending On Whatever Is Right At The Time.
Saturday, January 5, 2013, 01:56 PM
"The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money."
— Alexis de Tocqueville
Chartz And Table Zup @ www.joefacer.com
In an era where many of the singers from the 60's, 70's, and 80's made their sound by racking their voices and are now croaking their way through nostalgia acts in Vegas, it's nice to hear Ann Wilson, who had a great set of pipes to start with and took care of them. Yeah, the song is overexposed and I expect to hear it on a linoleum commercial soon, but the audience seemed to like it... even the 3 geezers in the high buck seats.
http://www.youtube.com/watch?v=swq_X9VQ744
I got long and stayed long inna 401 plan into the teeth of the silly ass manufactured "Kliff Krisis" and it worked out OK.... Thinkin' about bankin' it at some point.
So, about 3/4 of a lifetime ago, my wife said to me that the middle son, a personable, bright, intelligent, bookish, very likeable kid, would probably be better off for something physical he was accomplished at. The kid was small, slight, and put together like a stick figure made of popsicle sticks and scotch tape. Football and rugby were out. So, we bought him a bolt action, .22 rifle and I taught him to handle firearms and shoot. I'd taught his mother to shoot and handle firearms previously and it all worked out rather well. He learned how to be responsible in handling something that extended his personal power far beyond his stature and that he could feel confident about what he had and what he could do and it was actually a lot cooler to keep his mouth shut than running his mouth off. And a few years latter my wife was able to deal with pistol that the part time deputy sheriff left in the waiting room/kids play area of the medical facility she ran.
So this Christmas, my son said to me, "Does the NRA realize that they are not helping? That they are like PETA with their totally out beyond where the buses run position?"
I have to say that the thought of a pair of George Zimmerman armed to the teeth volunteers showing up at the opposite sides of the schoolyard at the same time makes my blood run cold...
http://www.businessinsider.com/banks-sc ... -do-2013-1
http://economix.blogs.nytimes.com/2013/ ... f=business
http://www.businessinsider.com/why-the- ... ife-2013-1
http://www.businessinsider.com/global-y ... 014-2013-1
http://www.businessinsider.com/america- ... ked-2013-1
Stay Tooned...
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