I know your stocks are down today and you feel like killing yourself — but hold off lad. Wait for better prices. Even though it looks grim out there, President Trump wilding out with more trade wars and such, you should know these parlour tricks are designed to steal your stocks from under you.
I already sold a bunch of shit yesterday and have about 40% cash in my trading account. That’s me winning while losing.
On a personal note, I have contractors in the house today — painting and making a general god damned mess. I intend to sell this money pit soon and head down south to a fine plantation to grow my crops and drink sweet tea on a wide wrapping porch. While down there, I’ll likely open an office and keep it open to the public. However, just know that to enter my office you must be appropriately attired — top hat and dinner jacket — white gloves — and patent leather shoes. Vagabonds will be discarded at the door and possibly punched in the mouth.
I’m also dealing with more tech issues. ‘Tis is my fucking life.
Oh, as for the title of this post and what it means — HYG is flat, which means people aren’t worried about credit — so you should not worry about stock prices.
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Even if earnings are 5 or 10% less that is still tons o’ cash the billionaires are going to dump on the markets.
Billionaires and their spare cash is the main driver of this bull. Until it isn’t. Then what? How the fuck should I know?
Dr. Fly, come to Austin Texas where you can be a country gentleman & enjoy the live music capital of the world. We have plenty of homes with wrap around porches as well.
Austin has a great music scene as well doesn’t it? Not sure if they have much jazz down there though.
But I could live on Bluegrass, rockabilly, a little gospel thrown in.
What states are you looking at? I think we’ve lost a lot of that ambiance to new construction.
True about HYG. However, the Treasury market has compeltely ignored the stock rally, holding onto the Fall 2018 gains and unchanged YTD
As a secondary note, AAPL has been on fire. I like the long term prospects, but at $200, looks like all of the bad news has been priced *out*. It is settign up for pressure for the 2nd half 2019 forecast
For the last 10 years (June ’09) HYG has never been lower than $79, which is less than 10% below where we are today, nor has it been much more than 10% higher. In 10 years.
It doesn’t look like a good signal to me.
You have to remember that HYG is a *bond* fund.
Price stability (ie, hoping it won’t go down) is more important that price appreciation. A $0 price appreciation means a YTD gain of 4-7% in dividends.