The optimism, the good news, the earnings reports and everything else wonderful has culminated in the beautiful rise in stock prices. Climbing the Wall of Worry? There is no worry as this one way freight train moves only in one direction smashing all the remaining bears with it.
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Posts Tagged ‘municipal bond market’
The Great Wait May Be Over
Any Further Than I Can Throw Them
Crippling debt is not a problem for companies, governments, municipalities or even individuals until the day it is a problem. The power of greater leverage can be downright amazing and spectacular. But when it comes to your money I no longer believe the risks associated with leveraged issuers are worth the reward. (more…)
High Prices Be Damned
For some things in life, the price is the price. You must pay it because you have to or you need to pay it. With one son in college and another on his way next year, I know all about prices one must pay. Some people look at investing the same way: the cost is the price one must pay. (more…)
Great Success
The financial markets spent most of October peaking so why should I add my usual dose of downer? Instead, in the spirit of thanks and Thanksgiving, why not look back at some of our successes and revisit why we choose the path we do. (more…)
Joining The Fray
Bond market performance has gone from bad to worse. The month of May was bad; June even worse. Prices of longer-term bond funds have plunged, primarily in the past eight weeks, leaving municipal bond dealers and longer-term municipal bond portfolios down about ten percent for the period. (more…)
On The Right Track
In an era of seemingly low to no interest rates, we see an increase in opportunities in municipal bonds. Despite continuing Quantitative Easing by the Federal Reserve, asset prices are weakening, yields are rising and long-term assumptions should be questioned. (more…)
Wash, Rinse, Repeat
Stocks are cheap! Compared to Bonds, Stocks are cheap, but then again, everything is cheap compared to Bonds. This is the narrative driving Stock prices to multi-year and even all-time highs. Enjoy while you can but this narrative has no legs, despite the desires of all the central banks on the planet. (more…)
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