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The Closing Bell: S&P 500 Closes At 20th Record This Year
And at a cursory glance, looks like it will be the 64th record high this year for corporate junk bonds as measured by the Merrill Lynch High Yield Master II Index. For a long term view of this market click on the link below and then click on "Max"
I'm not so sure she was upbeat in her conference as she was clear that the status quo goes on. (aka "nothing to see here, move along" aka "This is not the inflation that you are looking for" aka "This is not the bubble you are looking for, either, while we're at it", etc.)
Even CNBC was skeptical of some of her answers (how dare the financial comedy network question zee Chairwoman, even Steve Leisman of all people....)
Amused by this comment in the comments section: "It's all discretionary...as in, it's up to the discretion of whomever is telling you the inflation rate, whethere or not to actually present the inflation rate to you."
Made actually a lot of changes today, but I will say these changes do not have me getting more conservative.
Fedex did have very good numbers this morning. I continue to like UPS/FDX and the rails (although CP has gotten ahead of itself.)
@Scott - "Made actually a lot of changes today"...
In the last week I've added a bit to: SCHD SCHWAB US DIV EQUITY ETF WAFMX WASATCH FRONTIER GASFX HENNESSY GAS UTILITY RPHYX RIVERPARK SHORT TERM GPROX GRANDEUR PEAK GLBL PRBLX PARNASSUS CORE EQTY
Excuse the caps- copied from Schwab site & too lazy to redo.
If this market can stand my actually buying something it's more solid than I think it is. You staying with MFLDX? Just curious as to your thoughts on that.
Comments
http://research.stlouisfed.org/fred2/series/BAMLHYH0A0HYM2TRIV/
Even CNBC was skeptical of some of her answers (how dare the financial comedy network question zee Chairwoman, even Steve Leisman of all people....)
http://www.zerohedge.com/news/2014-06-18/those-soaring-food-and-gas-prices-fed-has-name-them-noise
Amused by this comment in the comments section: "It's all discretionary...as in, it's up to the discretion of whomever is telling you the inflation rate, whethere or not to actually present the inflation rate to you."
Made actually a lot of changes today, but I will say these changes do not have me getting more conservative.
Fedex did have very good numbers this morning. I continue to like UPS/FDX and the rails (although CP has gotten ahead of itself.)
You noted: "looks like it will be the 64th record high this year for corporate junk bonds"
Thank you for again reminding folks in this equity-centric investing world.
Take care,
Catch
In the last week I've added a bit to:
SCHD SCHWAB US DIV EQUITY ETF
WAFMX WASATCH FRONTIER
GASFX HENNESSY GAS UTILITY
RPHYX RIVERPARK SHORT TERM
GPROX GRANDEUR PEAK GLBL
PRBLX PARNASSUS CORE EQTY
Excuse the caps- copied from Schwab site & too lazy to redo.
If this market can stand my actually buying something it's more solid than I think it is. You staying with MFLDX? Just curious as to your thoughts on that.
OJ