Wow...tomorrow's really going to suck when I walk into work.

[75th]

And you can be in 100% fixed income products and STILL have no place to hide, just ask some of my private equity & hedge fund clients! Debt markets go down too.

Good point. I would say 90% of the fixed income I have is Treasury or Muni.

 

[75th]

I'm sure they'll be calling you. Sell all my stocks! Put me in cash! The sky is falling. I used to work for Lehman Bros in ATL.

God, thats what all my conversations have been like over the past 8 months.

Even when the client is already all in cash, they call me to see if its all FDIC insured.

 

[75th]

Somehow I feel the AAA tax-free municipal bonds backed by taxation are going to have a good day tomorrow...

FSA + General Obligation = Winner

 

[mrplunkey]

Even the spectre of raising corporate tax rates should keep the stock market in the crapper until at least early next year too. There's nowhere really good to hide unless you want to just go ultra-conservative and weather the storm.

 

[75th]

Even the spectre of raising corporate tax rates should keep the stock market in the crapper until at least early next year too. There's nowhere really good to hide unless you want to just go ultra-conservative and weather the storm.

Indeed. At the same time the younger folk want to be in a good position when the upswing happens.

Im setting up a SMA tomorrow for a early 30's guy with $500k who wants 100% equity. His idea.

 

[JR76]

Good point. I would say 90% of the fixed income I have is Treasury or Muni.

Our guys do leveraged loans. I was looking up comps today from the publishing industry -- what a cluster fuck! A lot of these names were trading at 95 or so cents on the dollar at the end of Feb. Right now, they're in the 35 to 45 range -- all covenant lite deals (this is a bad thing) with many years to go till maturity. And with no covenants to trip, things will have to get really bad before the companies go into technical default.

Treasuries, munies, and certain investment grades are the only way to go if you're retail. I'm watching the institutional guys make serious cash in loans and high yield, but you have to have masterful timing and access to what little deal flow there is coming down the pipeline.

 

[EnderJE]

Compared to whats going on now I think I may actually start recommending that people buy property with their psycho soon to be ex girlfriends.

fixed it

 

[UA_Iron]

Indeed. At the same time the younger folk want to be in a good position when the upswing happens.

Im setting up a SMA tomorrow for a early 30's guy with $500k who wants 100% equity. His idea.

I have to find a place to stash ~10-60k after this debacle.

The best savings account I could find has a 6% APY

Now is probably a good time to buy though, weather the storm and come out high later on in life.

 

[EnderJE]

Is it just me or isn't it better to put in stocks right now for when the market returns to it's previous gains? Sure, it looks bad now but statistically it always comes back.

 

[Razorguns]

If you didn't buy the "buying a big house is a great retirement fund!" scam -- you're okay.

r