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.
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12 comments:
freeloader
that's my 'word of the day'
Bman i haven't watched a state of the union since maybe 1993...............that was the last straw......you are right..........nothing but propoganda and cheerleading and lies
PS.....i don't even watch presidential 'address to the nation'.........i think the last one was Bush's after 911.........maybe one before the iraq war in 2003..........those addresses are nothing but lies
oil red..........gold red..........silver red.........spoos red
hurry up Ben.........QE3......get assett prices up......ya'know...........that will create jobs
what a bunch of thumping tosh
krypto's model ..........huh ????
yup, I'm now a 15% freeloader.
Interesting how Krypto's model seems to always be doing the opposite of the "crowd" and the press touting.
Davos is a joke
everyone there partying at either the shareholder or taxpayers expense............a bunch of elitists who think they know it all and will save the world............and the media ass-kissers playing along...............drinking $2000 bottles of wine and staying at $4000 a night suites..............why should they care??..........the bill goes to someone else
PS..........Davos in 2008 completely missed the crash of 2008.......uhhhh............so did the moderator here.........oops.......never mind
There can be little doubt that Fed Chairman Benjamin Bernanke has been a very, very good friend to gold investors. However, some of those who have benefited from his largesse now fear that the recent selloff in gold indicates an imminent end to Bernanke's monetary high-wire act. Most assume that a cessation of the Fed's stimulative efforts, if it were to occur, would spell the end of gold's bull run. But a closer reading of Bernanke's economic philosophy and the Fed's own recent history, shows that once central banker begins a strenuous routine starts, it is very hard, if not impossible, for them to dismount.
http://www.321gold.com/editorials/pento/pento012511.html
keep buyin gold............and guns............thanks dr bernanke
pay no attention to that pillock Bunk.....
hmmm "pillock" ?
$10 noun, Brit. slang.
a stupid person; a fool
[variant of 16th century 'pillicock' = penis]
good one!
perhaps a view from the bunker about the S-Corp tax changes...
I have a few of those. What changes are you referring to?
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