Igy you ever ger nervous that you've made a market call for years based on only one thing: the Federal Reserve? And maybe the national debt as a second, less important thing?
No, of course not. I believe this is the craziest investment period in history. It is a fact the distortions of this era are unprecedented. I would ask how could one believe that there are not serious consequences to the madness?
That's got to be bullish, esp when twinned with a fast growign economy.
I wonder if what is happaning is that nominal gdp growth is agreed on...but what inflation rate to subtract out to get real GDP is what is not clear and causing disagreements.
They need a non-recessionary economy to do well. We have that. We seem to be growing rather smartly in fact.
Regular stocks are down because of the worry of higher interest rates. I don't think short term junk has too much too worry about with that...when you are yielding 8 or 9%...a 50 or 75 bp hike isn't all that critical.
So I get an 8% yield and hope these things don't start seeing a recession around the corner.
Of course I'm easing into the position, not jumping.
My main worry is that it's a low-confidence bet and I always stop out of junk bonds at losses. Maybe this time will be different.
Speaking of right or wrong, you are only as good as your last trade. HSGFX up 15.59% YTD.
And, again, $10,000 invested in the S & P 500 index fund on July, 2000 (the day HSGFX opened) would be worth $50,000 today. $10,000 invested in the HSGFX on July 2000 would be worth $12,296 today.
And, again, $10,000 invested in the S & P 500 index fund on July, 2000 (the day HSGFX opened) would be worth $50,000 today. $10,000 invested in the HSGFX on July 2000 would be worth $12,296 today.
They need a non-recessionary economy to do well. We have that. We seem to be growing rather smartly in fact.
Regular stocks are down because of the worry of higher interest rates. I don't think short term junk has too much too worry about with that...when you are yielding 8 or 9%...a 50 or 75 bp hike isn't all that critical.
So I get an 8% yield and hope these things don't start seeing a recession around the corner.
Of course I'm easing into the position, not jumping.
My main worry is that it's a low-confidence bet and I always stop out of junk bonds at losses. Maybe this time will be different.
Looks promising. I am going to join you on that one. Thx.
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