What I Am Buying Today.

[fenders53]

(09-29-2021, 05:17 AM)rayray Wrote:

(09-28-2021, 09:25 PM)fenders53 Wrote: We're shopping like we mean it.    Really only about the second chance we've had in a year.  The SPAC crash didn't count.  That was mostly way over hyped trading stuff coming back to earth.  Maybe a couple future gems but mostly not.

I hope all of ports get beat up for a week but I doubt it happens.  It's a joke if 10yr treasury rates are the cause.  Most of big tech wouldn't have to borrow a dime unless they choose to.  Utilities do have to finance but a half a point is not that big of a deal.  The good ones grew fine at double these rates.

not to mention, and it's rarely talked about, if rates do go up (slowly cause that's the way they do things), first the rates will still be theoretically at historic lows--it'll take years to raise the rates. and second--i forgot my second point lol...so there's that it's too early lol.

the fed has proved one thing over the last decade or so, they don't do anything to disrupt the market too much, greenspan would say enough is enough and slow things the f/down...now it's don't rock the boat--too much.

maybe that was my second point...idk...just took a few sips of coffee

IMO it works best when FED Chiefs at least act like they aren't afraid of politicians.  I actually think Powell has done a decent job, until about four months ago.  There is absolutely no reason we are 100% as loose as we were 15 months ago.  At some point the market is going to throw a fit and it will get over it sooner or later.  When there is enough liquidity to blow up 100 new IPO bubbles, and meme stock of the week?  And here we are STILL buying $100B a month in bonds?  

The narrative probably changes today.  From rates to the political circus.  I bet todays rally is over before we eat lunch.  Not sure I have a plan today other than to go slow.