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IDS World Markets Mon 29th September 08


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#46 Sudaca

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Posted 29 September 2008 - 09:51 AM

Federal Undersight Commission for Ko-prosperity

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Federal Undersight Commission for Ko-prosperity External Division
Thanks, David

#47 Trader Joe

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Posted 29 September 2008 - 09:53 AM

Trader Joe's favorite investment sector highlighted in today's WSJ...
_________________________________

Corporate Bonds Become Fund Managers' Favorite

...Instead of stocks, some money managers looking for a safer way to bet that the financial system won't crater are buying corporate bonds. The credit crisis makes it more expensive for companies to borrow, which means higher yields for investors as long as the companies remain solvent.

...Many bonds rated single-A or triple-B, in the lower range of investment grade, currently yield more than 7%, even as fears of corporate failures are abating.
To get that kind of return from stocks given current prices, says Jack Ablin, chief investment officer at Harris Private Bank in Chicago, you would have to assume profit gains of 12% or more a year, based on current ratios of prices to earnings.
"Why take that risk?" Mr. Ablin says. "I would rather clip a 7.1% yield using a bond than hope for a 7.1% return from a 2% dividend yield and a hope that the stock price rises 5.1%." He says junk bonds look attractive as well, for similar reasons. Indeed, junk bonds have been yielding nearly 10 percentage points over comparable Treasurys in recent days, according to Merrill Lynch.

...Ms. Gaffney has been moving some money out of Treasury bonds, where she had parked it for safety, and into triple-B and single-A bonds. She figures that the default risk is low now, especially if you own a broad range of bonds, and the yields are unusually high.

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#48 DrStool

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Posted 29 September 2008 - 09:53 AM

ah, i sink vee's clashing.

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#49 Jetlag

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Posted 29 September 2008 - 09:55 AM

Bring them back!

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bring HIM back


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#50 crooked_analyst

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Posted 29 September 2008 - 09:56 AM

Let's see if we can get to the Promised Land of 10,754 where we will magically bounce again....

#51 joe3pack

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Posted 29 September 2008 - 09:56 AM

SLV making what appears to be that right inverse shoulder i keep blathering about. trying to pick up a few thousand shares with an "all or none" order (makes for easier bookkeeping), but the bid keeps moving away by a few cents at a time. bastids.
Long UFB.

#52 DrStool

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Posted 29 September 2008 - 09:57 AM

If there's a weak bounce beginning after 10:30 and lasting till around 2:20, I might just short the crap out of this market. If they bounce hard here, might also be a short setup.

This ish truly amazhing. May be my thoushand pointsh down day.

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#53 DrStool

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Posted 29 September 2008 - 10:00 AM

3 day cycle projection on spx has not dropped with the index, but the 5 hr has dropped to 1165. I have no idea what to make of that other than that the market is moving to fast for the slow indicators to keep up.

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#54 crooked_analyst

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Posted 29 September 2008 - 10:02 AM

If there's a weak bounce beginning after 10:30 and lasting till around 2:20, I might just short the crap out of this market. If they bounce hard here, might also be a short setup.

This ish truly amazhing. May be my thoushand pointsh down day.

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Wish di-erection?

#55 TURK

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Posted 29 September 2008 - 10:03 AM

If there's a weak bounce beginning after 10:30 and lasting till around 2:20, I might just short the crap out of this market. If they bounce hard here, might also be a short setup.

This ish truly amazhing. May be my thoushand pointsh down day.

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Where's Drano?

Oh well.....I'll fill in :rolleyes:

NOOOOOOOOOOOOOOOOOOOOOOO

DOW 100,000!!
"Damn, the price of this stuff jumps around alot!"
Hokahay October, 2008

"Analyzing the spot price of gold is akin to analyzing the output from a randon number gereator." -ancient chinese proverb

#56 joe3pack

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Posted 29 September 2008 - 10:05 AM

Federal Undersight Commission for Ko-prosperity External Division

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:lol:
Long UFB.

#57 TURK

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Posted 29 September 2008 - 10:07 AM

Gold jumps 900 with authority!

let'see if it holds :rolleyes:
"Damn, the price of this stuff jumps around alot!"
Hokahay October, 2008

"Analyzing the spot price of gold is akin to analyzing the output from a randon number gereator." -ancient chinese proverb

#58 joe3pack

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Posted 29 September 2008 - 10:07 AM

If there's a weak bounce beginning after 10:30 and lasting till around 2:20, I might just short the crap out of this market. If they bounce hard here, might also be a short setup.

This ish truly amazhing. May be my thoushand pointsh down day.

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thoushand pointsh down on the ash&pee! [rubbing palms with glee]
Long UFB.

#59 Sudaca

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Posted 29 September 2008 - 10:08 AM

The credit crisis makes it more expensive for companies to borrow, which means higher yields for investors as long as the companies remain solvent.

...Many bonds rated single-A or triple-B, in the lower range of investment grade, currently yield more than 7%,
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I agree that there's value in many corps out there, but it's a treacherous terrain filled with land mines.

If they can't refinance short-term CPs, the word "restructuring" will surface pretty soon. I'm not sure if there are cross-default clauses, but the noise could get ugly.
Thanks, David

#60 cwd

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Posted 29 September 2008 - 10:09 AM

It looks like the gold market has been listening to Steve LIESman. The FED will do what ever is necessary to save the banks. Like a ZERO interest rate policy. :ph34r:





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