Here are my 2009 Financial Predictions. My general thesis is: Cash is King If You’re Long You’re Wrong. S&P 500 – By the end of 2009 it will hit 633. This estimate is based solely off earnings ($42.26 x PE of 15). That is a conservative number. If you use a 12 PE, the number [...]
Posts Tagged ‘fixed-income’
Ameritrade’s MMDA (Money Market) Disappoints
Ameritrade was so proud to announce that they were going to give me Money Market rates on my cash balance that they sent me a congratulations letter in the mail. As an investor that always tries to keep a portion of my portfolio in cash (when a sale comes, you need liquidity), this came as [...]
