If you are afraid to own America’s best 2 year porkulus paper and are willing to take a slightly lower yield, then look no further than the two year debt of ABT, PG, JNJ, LOW or some of Warren’s Berkshire’s paper.Yes, a home improvement retailer is considered less risky than Uncle Sam’s product.. Where is Michael Milken to help explain all this? China is so screwed. Go figure.
Yes. I’m long, but I’m getting increasingly convinced that this whole light show is going to burn out like a supernova ( Supernovae are extremely luminous and cause a burst of radiation that often briefly outshines an entire galaxy before fading from view over several weeks or months.) Bet you didn’t know Supernova could be pluralized. I didn’t.
In the meantime though, I think the buyers at large are motivated to put a bow on this quarter’s end and window dress the hell out of this tired beast. We’ll see.
Tuesday, March 23, 2010