Getting market makers to tell you what they think
It's not easy. How many of them do you know?
Even if you happen to be an investment professional, you may not know that you know some. They habitually hide their true activity because what they do is 1) valuable, 2) influential, 3) timely, 4) sensitive, 5) profitable, 6) delicate, 7) intricate, 8) none of your d*mn business, and 9) they sure as h*ll don't want you in their way in the markets as they do it.
Their employers' sales staffs will readily tell you - stories. Stories of what they want you to think, because it came from - "the inside." Misinformation can be helpful in (their) getting things done. So can disinformation (outright lies) but that carries the eventual risks of lawyers, fraud charges, and reputational damage. Even so, sometimes it happens.
Just the facts, Ma'am.
Market makers ((MMs))
"The contraction in the first quarter is not reflective of the underlying state of the U.S. economy and the subsequent flow of data points to a significant snap-back in the second quarter,” explained the chief economist at Regions Financial. Keep in mind, Richard Moody, like the overwhelming majority of economic pundits, projected rising interest rates in 2014. Not only has the 10-year yield dropped a whopping 50 basis points, but investors who counted on the popular sentiment missed out on the most successful asset class for the first half of 2014 — longer-term bonds.
Mr. Moody may or may not have led you astray, but he certainly was not alone in believing that rates could only go higher. And he certainly is not alone in believing gross domestic product (GDP) will “snap back” in the second quarter. However, Mr. Moody may have a problem. For one thing, inflation-adjusted spending
At last, this is the final article in my series showing you what I am doing to cope with an unexpected job loss after middle age, but before retirement age. The first installment, titled Part 1, was introductory. In Part 2, I began to explore my strategy in asset allocation and I covered the Business Development Companies I chose for my portfolio. In Parts 3, 4, and 5 I explored my Real Estate Investment Trust choices, banks and energy companies, and utility companies. In Part 6 and 7, I looked at the largest of my categories which I call "USA Industrials." Today, I will discuss preferred stocks and foreign stocks, and then I will wrap this all up and grade my portfolio on performance to date. Some may disagree with my logic, some may complain that I have the advantage of age and a head