January 20:

Sooner or later all good things, even overdue pull backs and corrections, must come to an end. By now those trading on the emotion of “fear” about alleged interest rate increases will have capitulated and sold near the bottom. Naturally, they will buy back in near a top. Then they will vote for Bernie Sanders. For the rest of us, its time to move on.

Stocks to consider at this point in time are: LMB, TSM, PLAB, ACMR, NDEKY, OMV, and DLHC. For dividends, take a look at: SQM, EPR, PTR, OKE, MGP, XOM, SBSW, E, CQP, MC, and PSX. Over the last 3 months, the four top ETFs are: SOXX, SMH, SPVU, and SPYD. For those looking at which CEFs to buy, consider: PDO, HYB, HIO, CCD, HNDL, BST, BMEZ, AIO, and NBXG. Keep an eye on BSTZ. Once the Nasdaq correction is over, it will likely become a good buy as well. In the meantime, Good Investing!

January 22:

I should add that if you have a stable coin account at BlockFi that you smartly contributed to prior to the correction in tech, now is a good time to cash it out and buy the heavily sold tech funds such as BST, BSTZ, BMEZ, AIO, and NBXG. That way, you will be the one buying low and getting the higher yields. The general rule I follow with these types of CEFs is to never touch the principle and add to it when there is a good opportunity such as now. Then I only take out the dividends. Over time, the principle will grow along with your dividends. You shouldn’t worry that your portfolio value will fluctuate during pull-backs and corrections because your dividends will tend to remain stable, and may even increase if you hold the better funds.

January 24:

Both the U.K. and U.S. are reducing their embassy staffs in Ukraine. Thus, I am reassessing my near term stock market outlook to be more cautionary. At some point, the market will come to grips with the Feds inflation fighting policy and once that becomes fully priced in some buying should follow. It is earnings season with most firms making more money than expected and the economy is still expanding at an above average trend. Also, the index of leading economic indicators is strongly positive. It is hard to expect the stock market to be out of step with economic fundamentals for too long. This negative short-term action, though trying, will end and create very good entry points so keep your powder dry for a bit longer. I am adding DFP, BEO, EVN, AWF, and PPT to my list of recommended CEFs as areas to employ capital in the near future. Also, Bitcoin and Ethereum are rapidly becoming good buys.