tag:blogger.com,1999:blog-6616959642391988608.post529635307912362341..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Swap spreads say junk bonds look attractiveScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6616959642391988608.post-49815770908946890122014-12-14T04:38:18.183-08:002014-12-14T04:38:18.183-08:00completely off subject but to william's point,...completely off subject but to william's point, we live on lake winnipesaukee in NH (read COLD) and energy is expensive. virtually everyone up here uses propane as there are no nat gas pipelines (NH residents don't like to tear up the scape) and that stuff is crazy expensive. add in the electric bill and yeah you don't want to be penurious and live here. that said, I am NOT shutting stevehttps://www.blogger.com/profile/07387986994469835875noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-55824660234370975372014-12-13T17:04:57.303-08:002014-12-13T17:04:57.303-08:00Even Before Long Winter Begins, Energy Bills Send ...<b>Even Before Long Winter Begins, Energy Bills Send Shivers in New England</b><br /><br />SALEM, N.H. — John York, who owns a small printing business, nearly fell out of his chair the other day when he opened his electric bill.<br /><br />"For October, he had paid $376. For November, his bill came to $788, a staggering increase of 110 percent. “This is insane,” he said, shaking his head. “Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-50989245193169037352014-12-13T15:06:49.948-08:002014-12-13T15:06:49.948-08:00OECD Composite leading indicators point to continu...<b> OECD Composite leading indicators point to continued weak growth in Europe</b><br /><br />12/11/2014 - Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to continued weak growth in Europe but stable growth in most other major economies and in the OECD as a whole.<br /><br />Amongst major economies stable growth momentum isWilliamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-90370095714628136332014-12-13T05:37:47.884-08:002014-12-13T05:37:47.884-08:00I've been trading corp HY successfully for ove...I've been trading corp HY successfully for over 20 yrs and I can tell you emphatically that it is a very emotional trend driven market. aka when prices are falling, DO NOT BUY!. the entire market is maybe $1.5T and that is up 50% this year. so it is quite illiquid-which is why it trends so well. I'm optimistic I'll get a nice entry point sometime in near future but I'm not going stevehttps://www.blogger.com/profile/07387986994469835875noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-18426827416697186782014-12-12T17:19:14.653-08:002014-12-12T17:19:14.653-08:00Another place to look for yields is in the mortgag...Another place to look for yields is in the mortgage REIT market. I suspect we will see very low inflation and interest rates for many years. But some mortgage leads are offering near double-digit yields.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-4923675696428543342014-12-12T16:01:33.449-08:002014-12-12T16:01:33.449-08:00zumbador: to answer your question, my best guess i...zumbador: to answer your question, my best guess is that the market is just plain nervous. Risk aversion is still everywhere, but it has gone down a few notches. Nevertheless, the stock market has gone up so much that there is lots of concern that something, whatever, will trigger a big selloff. A big drop in oil prices is a shock to many (big changes always create nervousness), and so it's Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-36619666286164002932014-12-12T15:47:13.894-08:002014-12-12T15:47:13.894-08:00SCOTT…...This is NOT a reference to swap spreads b...SCOTT…...This is NOT a reference to swap spreads but I do have a question…..Why is it that the investment markets whack out to the downside when oil goes up (which seems to hammer the consumer and business in general) and THEN when oil drops like a rock and the consumer and business seem to be able to retain more of their own money the markets and especially the media whack out and create tons zumbadorhttps://www.blogger.com/profile/03124444420383526405noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-22757405952000317502014-12-12T13:41:33.112-08:002014-12-12T13:41:33.112-08:00Interesting post, Scott. This is more fear being ...Interesting post, Scott. This is more fear being brought up by concerns of fracking oil patch high yield issues. This is but a small portion of all issues. I had just bought some Vanguard High Yield Corporate Fund VWEAX. Goldman Sachs issued a report on the high yield bond market in this same vein a couple of weeks back.sgt.red.blue.redhttps://www.blogger.com/profile/08132657702786638326noreply@blogger.com