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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (799)	3/5/2014 10:44:06 AM
From: Kirk ©	1 Recommendation Recommended By GROUND ZERO™ Respond to of 26587

I wonder what this news will do for all seeking yield in foreign bonds... China headed for first onshore corporate-bond default. China's $1.5T publicly traded corporate-bond market is set to experience its first ever default after Shanghai Chaori Solar Energy Science & Technology said it may not be able to fully meet an 89.8M yuan ($14.6M) interest payment that is due on Friday. Until now, the government has bailed out at-risk companies. The news of the expected default weighed on Chinese stocks, although market strategist Chris Weston said it would be a good thing, as "a normal economy needs defaults to better price bonds and other debt products."

To: GROUND ZERO™ who wrote (799)	3/7/2014 11:41:18 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26587

The bears are relentless. They just don't want to give up. I guess I can keep making a bundle taking a few profits as we keep rolling higher... but it is more fun if we get a few bigger pullbacks to put some bigger chunks back in now and then. I've got a longer Rydex Nova/Ursa Ratio chart back to '07 in my newsletter but this last year is key... You'd think we're ripe for a major pullback but some of my stuff just signaled BOOM... but I won't jinx it with a picture of a shuttle launch.... and just in case I'm wrong, I continue to take a few profits since pigs get slaughtered...