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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (21725)11/13/2004 11:27:58 AM
From: zebra4o1  Read Replies (2) | Respond to of 110194
 
Fillmore,

Thanks for the feedback. Your fidelity fund (SPHIX) does appear to track the S&P pretty closely - so one would be much better off shorting the S&P and not having to pay dividends. But SPHIX seems to be on the conservative end of high yield funds - they only pay 6% interest. The funds Grants mentioned (DHY, DHF, DSU, etc) are paying around 10% and are much more volatile - see chart below.

Hey, what happened in early 2004 to make these high yield funds tank? Was that the deflation scare? I guess I need to put a little narrative time line together to reference when I look at these historical charts.

finance.yahoo.com