That has been occurring in Krypto Fund recently; the "mountain" of cash is now a high hill. The buying program in municipal bonds is nearing an end. We've gotten a diversified pool of good quality municipal bonds with yields over 5% (all three yields: current yield, yield to call and yield to maturity). Most recent buys have maturities in the 15-20 year range and seem to have been scooped up from scared sellers. Perhaps I should thank Molotova aka Meredith Whitney, for trumpeting her doom visions and scaring some people into dumping their municipal bonds at silly prices.
Most of the remaining cash is dedicated to re-buying TIPs once their yields get a bit higher (or prices lower ... same thing).
Krypto's model is giving a weak buy signal for gold & silver; we shall wait a bit to get a stronger signal. It's close.
I wonder if anyone else has noticed that emerging market stocks seem a bit stagnant. Perhaps some beefers are secretly selling?
Bunkerman is still riding that bull elephant. Sitting on one's butt can be profitably and stress free.
The Barry the Bloviator speaks tonight. I will NOT be listening. Those State of the Union speaks have devolved to propaganda screeds. I've rather watch South Park IF I stayed up that late.
I suppose Barry will not have read my list of reforms posted yesterday. No one who cares about people would talk about lowering corporate taxes. Of course, who could ever think Barry cares about the common man and woman.
I hear that Davos is this week. I'd better dust off my anti-Davos posts for a reprise.
Word of the Day
"Magniloquent" - adjective [$10] a T. S. Eliot word
Magniloquent means 1. grand or grandiose in speech; 2. boastful.
Sentence: Barry's speech tonight will likely be magniloquent but devoid of serious content.