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August 3, 2014  9 pmAfter an exciting week last week in which rates skyrocketed up on Wednesday only to fall back on Friday almost to the point where they started the week.  Obviously global political worries led to bond buyers overhwhelming the sellers once again--as they have all year.  While the employment numbers were soft (below expectations). GDP came in…

As has been requested by a number of readers we have a section that is Preferred Stocks of Utilities.  This is actually a fairly short list as we cover just $20/share and $25/share issues, while many utilities issue only $100/share issues (and there are many old $100/share issues outstanding).  Our experience on most of the $100/share issues is that liquidity…

The new partnerships we highlighted last Sunday have all priced and 1 (Westlake Chemical Partners LP - ticker:WLKP) has been trading for 2 days. Westlake Chemical Partners LP priced Monday night at $24/unit, but opened trading on Wednesday at $30 before moving over $31 Thursday before dropping back a few cents today.  Obviously at this pricing we have no interest…

Just about everyone in sight got hammered by todays drop in equities and honestly it puts us at ease to see that the markets can go down as well as up.  For those with lots of experience they know that the neverending march upward will end badly--the question is just when it will happen and how rapidly the fall comes.…