Some more about muni,preferred crisis. Do not believe anybody who pretend to know what is going on. Did not you hear already, so many people who "think" they know what goes on in the stock market? How many of them warned you as early as May2007 with a precise target and time for trouble. Nobody... that is how many. I stood alone "ringing the bell" See "sorry to blow your $u$$le article" and see the graph at the end of this page. Well, that is not because I know, but because I do not know. Realising that, I go to markets to 'speak' to me and tell me what maybe going. Prices talk, period. If you follow the "buy when blood runs in the street" philosphy, you will eventually make money. Anything or anybody else is a waste of time!!!
All you need a common sense and strategy to buy into depressed assets.Please see GROUPTATION link, ASSET status. My day starts there, make it yours too.
Dear Readers The National SOPITALIST Casino will soon be closed for today and the Wall Street ( WELFARE STATE ) will go to burbs to count money they screwed ordinary citizens out of. We did not trade today, but some of our SHAKER members( have some of them for a little mix in my account) have done magnificently well (SWC/APWRU/SVR/GENC/CXG) did all great. Muni Bonds have recovered nicely for me as well. Dear John reported small gains and Dear Greenie, should have evened or so with EURO and GBP canceling each other out. GOLD/OIL gained as cyclical time was ripe for GOLD and in these deceptive steps it coud yet get to 1121, my next target(timing is not clear for this target). Dollar declined and interet rates rose, interesting, ha? Do you think somebody is selling US bonds as they have appreciated so much since last summer we recommended them(remember we are no more recommend them, but ask you to let them to mature, as they should be shorter term maturities).













