Today, Michael Bowman commented about whether TA-T, SOCL-Q, UTX-N, COS-T, FTT-T, BA-T, L-T, PD-T, CARZ-Q, PPL-T, MG-T, GM-N, K-T, TD-T, ATRL-T, PIE-Q, ZUB-T, SU-T, XHB-N, WEF-T, HAL-N, CNR-T, ZPR-T, RCD-N, YXM-T, FLM-N are stocks to buy or sell.
These are preferreds that are maturing each year for the next 5 years. As one matures today, another one is bought 5 years out. A lot of these are rate-resets and some of them have not been reset, which means that have been redeemed, which is probably a good thing. On the Federal Reserve talk in August about tapering created a spike up in the 10 year treasury. That caused a lot of interest-bearing securities to come off. Still likes this very much. 4.66% yield.
Would like to buy this bank but it keeps going up every day and feels he is chasing it. Buy now before it goes higher or can you see a pullback? This is always a dilemma. You have to establish a price that you want to pay for it and you buy it at that price. He would take a half position. There will probably be a Santa Claus rally that we get every year. The 1st quarter is always a good time to be in the marketplace.
Markets. The Investment industry has a tendency to analyze everything Ad nauseum. When an event does happen, it is basically a non-event because we have so many opinions of what is going to happen. Where we get hurt is the event that we don’t know what is coming. If the market weakens because of the Fed tapering, use this as a buying opportunity. He is very bullish on global economies.