PhilStock. I haven’t had time for stock research in the past 6 months, but fortunately, no changes to portfolios have been required. With Yellen’s assurances last week that the monthly methadone injections of $85 billion[i] of will continue, it’s bull, bull, bull, with new highs weekly. Even my airlines—generally the worst area to trade in—are, yes flying high (e.g., American from $1.90 to over $11., Delta, Jet Blue, all soaring). But look how low our Diamond Offshore mascot (DO) is [ii]. It is said that small investors typically jump into the market only after the bull has been running:
“The likely outcome is they’ll ride that last-gasp bull market for a short while and experience an enormous loss in personal wealth when the bubble collapses.”(link)
I’m guessing the next 4 months might be safe (T, VZ, WIN?): Remember, though, the one rule on PhilStock: Never ever listen to (i.e., act on) anything I say about the stock market.
[i]in monthly bond market purchases.
[ii] There’s an explanation (of course). It hardly matters with over 5% in special dividends. For why DO is the “mascot” of my regular blog, search rejected posts.
Some related posts:
Bad News is Good News on Wallstreet
Topsy-turvy game
The great taper caper
Rejected Posts of D. Mayo 