MARKETS,Anybody even yet?

[olds442jetaway]

Let’s hope the Bear Market/dead cat bounce has 9 lives. I’m not so sure. Will see what the weekend news brings. I just know the prices of everything are through the roof. Gas going up like 10 cents a day here. The Fed is nowhere done raising rates and forget about rises of .25. Half point increments if we are lucky Putin still the big unknown as is Covid. No prediction for Monday. I’m not overly confident at this point.supply chain issues dominating pretty much everything

[FAA]

I’m resigned to a 10% 2022 loss if lucky, 25% if disaster strikes. It’ll take 1-2 years to recover the funds.

[olds442jetaway]

I’m already down 11 percent on a really good Muni Bond Fund recommended by Morningstar.

[FAA]

May I ask over what time span? Down 10% in ten weeks back. Primarily another NASDAQ victim.

[olds442jetaway]

Mostly Aaa aa and a few bbb bonds munis various maturities. I think the average is 6 years. Down 11 percent year to date. The equivalent taxable yield on the dividend is over 5%

[dinghy]

Down 11 percent year to date.

Chart:



MUB (black line) is a national muni bond ETF. Red line is intermediate corporates. Blue line is intermediate Treasuries.

This year, they've all crashed together, because they're all affected by inflation.

The 2020 crash was driven by default fears, so only corporates and munis were affected. Treasuries held steady.

I'm heavy into Treasuries now because I think we'll get another taste of 2020 conditions as the economy slides into recession. I can then sell my Treasuries to buy cheap corporates.

I haven't researched munis, but I think you're smart to focus on quality at present.

[olds442jetaway]

The only time this fund was this low was at inception in 1985 and the crash 10/08
The intermediate bond index fund I have had for several years is down 13 percent from my cost. Bummer.

[wildman49]

I agree with dinghy recession coming by end of year unless Fed stops hiking rates. Starting a new position in sqqq as the NASDQ moves up here in Bear market rally or also known as a bear trap on buying bulls.

[olds442jetaway]

Agree. We are about there now, they don’t like to admit it. I don’t believe there will be any .25 up moves by the Fed. .5 or even .75 possible. I am going to be trading sqqq as well. Hope to stay somewhat stable as my portfolio continues ro sink. I am waiting for the banks to get going with CD rates. They are in no hurry, but may be shortly as people will be drawing down their savings. Some of the price increases for everyday things are incredible. Close to double. Saw an ad today for a poorer cut of meatFlank steak advertised as a huge sale at 10 bucks a pound. They can keep it. If I remember Wildman, your career was in retail grocery. They also advertised Filet as a huge sale at 22 a pound.

[FAA]

Olds, my bonds would be the same YTD.