Down almost 700 on Monday, up 270 on Tuesday. As I have long said, this is not an investor’s market but a great trading market.
Am thinking more about TIPs. Inflation will creep in towards the end of 1st quarter ’09. The ETF, TIP, yields over 7% at its current $96 price. I’d prefer to own this in a tax-sheltered account so as not to mess with interest accrual.
Adding to GE today turned out to be wise. Would love, love to hold on for the 8% yield but I have a tight stop on it.
I will be looking at closed end funds over the month of December, hoping to buy underlying shares at steep discounts.
