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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (107706)	1/20/2012 5:21:16 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

YOu have a point about the level of gloominess. I think it is most certainly higher than in 2007, but I don't think it's high enough given the risks on the horizon. We've had a pretty good run since March of 2009. We're due for a cyclical pull back at the very least. And the one place to hide is in real estate and in mortgage debt. That's my opinion. I know many don't like mortgage debt, but I say the asset class was beaten to hell and back and there are some good yields to be had, even with the high default rates. In addition, if the Bernanke does anymore QE, it will be purchasing mortgage debt for its own books. This is why I like Gundlach's DBLTX fund. It's a safe haven in a raging sea. As for stocks, I think they are a casino right now. I've nibbled a bit at juicy yields and fat cashflows, but mostly I'm buying a bit at a time when opportunity presents itself as deals I can't pass up. For example, I bought OHI at around $14.70 a few months ago. It's over $20 now and pays a fat dividend. I'll buy more stocks when we get a significant retracement back towards the March'09 lows. Then there will be deals aplenty. Until then, I like your idea of real estate and mortgage debt, since everyone hates it right now.