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No QE3, rates low for extended period through infinity (read: mid-2013)
I had to run the roads today with other work; but had plans of perhaps going into a few other funds....likely energy stuff; but when hearing of the market moves in the last few hours decided to keep the money horses in the corral. I am sure energy related likely went up today, and the near term bottom may have already been touched. But, I am not playing with this market when it is having these big mood swings. AND, the infinity thing with low Fed rates; that should take me through my/our retirement years at this house..........:):):) No surprise with this move, eh??? Not like there is a powerhouse economy on the horizon. Lastly, for now; is to consider moving back into more precious metals again; in spite of the hugh run. OK, take care. I have a 5:30 appt and must get leaving. Regards, Catch
Reply to @catch22: Hi catch I think there's a saying 'the early birds get the worms'...you could be too late if you did not buy. I would DCA slowly [but you know best and you know what to do ] I truely believe that was a long overdue corrections that occured the past few wks and it could be healthy for the market. Easy money to loans from Feds, corp still got lots of cash, the dollar may crash. best to buy more commodities and perhaps precious metals, all suggestive of a perhaps slow/sustain recovery. Keep most of your powder dry and slowly ease in
I think you are doing the right thing! Bought a few bonds and here but did not do anything else. got a good deal for US Steel X bonds, maybe thinking of buying GE bonds also yield ~ 7s% but don't know yet.
I think the issue becomes looking at what would appear to be a very (very) low-growth environment that also has a negative real rate of return and what that will result in, including what I believe will be continued flight of capital.
As I noted in another thread today, the Swiss Franc gained 5% today.
Reply to @scott: Swiss Frank is too strong probably benefiting from the same flight to safety currents and since the volume of Swiss frank available to purchase is much smaller than US$, it creates a huge upward momentum.
I am not sure if you know the following: Swiss National Bank (i.e. Swiss Central Bank) cut the interest rates to 0 to 0.25% last week and sold franks in order to weaken their currency. Their exports are hurting big time. They are not happy with it.
Comments
http://finance.yahoo.com/q?s=USDCHF=X
I had to run the roads today with other work; but had plans of perhaps going into a few other funds....likely energy stuff; but when hearing of the market moves in the last few hours decided to keep the money horses in the corral. I am sure energy related likely went up today, and the near term bottom may have already been touched. But, I am not playing with this market when it is having these big mood swings.
AND, the infinity thing with low Fed rates; that should take me through my/our retirement years at this house..........:):):)
No surprise with this move, eh??? Not like there is a powerhouse economy on the horizon.
Lastly, for now; is to consider moving back into more precious metals again; in spite of the hugh run.
OK, take care. I have a 5:30 appt and must get leaving.
Regards,
Catch
I think there's a saying 'the early birds get the worms'...you could be too late if you did not buy. I would DCA slowly [but you know best and you know what to do
I truely believe that was a long overdue corrections that occured the past few wks and it could be healthy for the market. Easy money to loans from Feds, corp still got lots of cash, the dollar may crash. best to buy more commodities and perhaps precious metals, all suggestive of a perhaps slow/sustain recovery. Keep most of your powder dry and slowly ease in
I think you are doing the right thing! Bought a few bonds and here but did not do anything else. got a good deal for US Steel X bonds, maybe thinking of buying GE bonds also yield ~ 7s% but don't know yet.
As I noted in another thread today, the Swiss Franc gained 5% today.
Edited to add:
http://www.zerohedge.com/news/price-big-mac-now-1719-zurich
Big Mac now $17.19 in Zurich.
Yep Scott and one of PRPFX asset classes.
I am not sure if you know the following: Swiss National Bank (i.e. Swiss Central Bank) cut the interest rates to 0 to 0.25% last week and sold franks in order to weaken their currency. Their exports are hurting big time. They are not happy with it.
Haven't priced a Swiss Army knife in dollars lately, but maybe it's time to stock up. I know I won't be visiting the mountain kingdom anytime soon.
Swiss Franc Plunges As Market Eyes Potential SNB Policy Measures:
http://online.wsj.com/article/BT-CO-20110811-712893.html
Finally. It's been an insane runup. I suppose a beer in Geneva now costs only $25 or so.