Ask Michael Burke Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Michael Bakunin who wrote (95781)	5/3/2002 8:34:17 AM
From: Joan Osland Graffius	Read Replies (1) of 132070

Michael, Re: your BHY play. I have no idea how long people will keep the price of these leveraged junk bond CEF's at huge premiums. I had sold most of my junk bond position in Merrill Lynch's high yield fund during the 90's and kept a very small position. A few months ago the yield fell off a cliff as it went from 14% to 8.7% and I dumped it immediately. One of my friends had lost a large portion of her assets in the market. Her money managers had been able to keep her in stock funds by convincing her everyone was in the same boat. I had talked to her about risk management and she went to talk to them. Their reaction was to rolled some equity fund capital into junk bonds and corporate bonds. Ho Ho great risk management strategy. <g> I don't know if put under pressure this is what most of the money managers are doing and if it is evidence there will continue to be a high demand for higher yields. Joan

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next