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turdburglar (42.65)

Hurry! Buy Treasuries!

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August 18, 2011 – Comments (6)

A ten-year is yielding a ripe 2%.  Hurry and get it before the yield goes down to 1%!

Don't buy stocks!  Especially not stocks with solid earnings and dividends well in excess of 2%. 

Walmart?  No one shops there any more!  That dividend cut is almost guaranteed.

HP?  They are making $5 per share these days, but that won't last.  Their earnings will soon drop to less than 40 cents, in which case the earnings yield will be less than a Treasury.

Exxon Mobile?  I predict oil will go to $10 per barrel and Exxon will cut its dividend and file for bankruptcy to boot.

AT&T?  Are you kidding me?  No one has any use for wireless phone service any more.  They won't be generating any more cash.  Stick with a nice safe 2% from Uncle Sam.

Why by these stocks when you can buy Treasuries yielding 2%?

 

 

6 Comments – Post Your Own

#1) On August 18, 2011 at 10:38 AM, cbwang888 (25.83) wrote:

Gold is king ...

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#2) On August 18, 2011 at 10:49 AM, Teacherman1 (58.03) wrote:

Are we feeling a little bit frustrated T-burglar? (:

Just step outside and scream. It feels good.

I am looking for and still buying "bargins" in the equity "dustbin".

Just have to shut out the "noise" and take "baby steps".

I went into 20% cash yesterday after the previous run ups, but not yet looking to put it all back in.

Good luck and have a good day.

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#3) On August 18, 2011 at 11:32 AM, Jbay76 (< 20) wrote:

Is this a joke T?

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#4) On August 18, 2011 at 11:39 AM, Rehydrogenated (32.59) wrote:

Lol, well i bought more of all my favorite dividend players today...

Arcelor Mittal (MT) is lower than it was during the 2008 crash.

Intel at a p/e of 8-9!

and Corning, who is about to blow the lid off so many industries its not even funny.

Good luck making that 30% in gold. I still got all that gold I bought at $450/ounce stored away.

I'm gonna make money on everything!

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#5) On August 18, 2011 at 12:00 PM, jlmjlm77 (99.45) wrote:

Our industry is slow growth at best or maybe some deline, but we are spending more in technology in 2011 and 2012.

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#6) On August 19, 2011 at 10:17 AM, EnigmaDude (94.68) wrote:

JBay - it's called "sarcasm". (gold is the joke)

I just wish I had more cash to add to my GE and INTC positions.  I'm about to refinance at the lowest mortgage rate in decades, so then I should have some cash to buy T-bills with!

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