12.10.14: Is AT&T (T) Now a Bond Substitute ?

AT&T (T), fell 3% yesterday on nearly 3(x) average volume, after Verizon (VZ) warned about increased churn and margin pressure in its wireless business, which promptly dropped VZ 4% on Tuesday on nearly 3.5(x) average volume. A small position in VZ was sold … Continued

12.6.14: Weekend Reading That Might Benefit Others

http://www.fa-mag.com/news/worst-returns-in-decades-hounding-active-stock-fund-managers-20074.html. This leadoff article details how tough a year it has been for active equity managers. Although I haven’t seen a fixed-income equivalent, I wonder how taxable bond managers are doing this year. With recurring liquidity issues and disparate volatility, you … Continued