Happy weekend! I hope your summer is going well. These are some of my new blog articles for July 2010:
Money continues to pour into bond funds. Note net sum into bonds over 2.5 yrs is over $250B while equities show a net decline! It reminds me of how funds rushed into NASDAQ stocks in March 2000... people chasing performance unaware of the huge risk.
The top CD annal percentage yield (APY) this week is at Pentagon Federal Credit Union for a 7-year certificate of deposit currently paying 3.51%. From my survey of six months ago, this same certificate was paying 4.5%!
This should make Jas happy:
The last time there was a death cross for the S&P500, the market crashed.
Bottom line, neither the “experts” predicting that the sky is falling based on the WLI, nor the other “experts” indulging in misinformed WLI-bashing in an effort to discredit the super-bears, have a real clue to what the WLI is all about. We created the WLI.....
Not a pretty sight!
-Kirk out
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