Thursday, June 16, 2011

Stock Tips & News

Top News

Stock futures off on Greece anxiety, jobless data due

Reuters - 3 hours ago

By Rodrigo Campos NEW YORK (Reuters) - Stock index futures dipped on Thursday as global equities tumbled on worries that the lack of a deal on how to handle the Greek debt crisis could trigger disorderly market moves nd crimp

Asian Stocks Slump as Greek Debt, U.S. Economy Concerns D...

San Francisco Chronicle - an hour ago

June 16 (Bloomberg) -- Asian stocks fell, setting the region's key benchmark index on course for a seventh straight weekly drop, on concern that debt-ridden Greece will default and as reports ...

FOREX-Euro slumps vs Swiss franc as Greece worries grow

Reuters - 50 minutes ago

By Naomi Tajitsu LONDON, June 16 (Reuters) - The euro tumbled broadly on Thursday, hitting a record low against the Swiss franc, and was poised for further losses as investors sought safe-haven ...

More Clouds on the Horizon for Europe's Banks

Hemscott - 45 minutes ago

Holly Cook: For Morningstar, I'm Holly Cook. Is the outlook for the banks looking sunny at the moment? To help me answer this question today is Erin Davis. She is Senior Equity Analyst of Banks ...

6 Undervalued Large Caps With Bullish Options Sentiment

Seeking Alpha - 45 minutes ago

If you are looking to invest in large caps, you may find this article to be an interesting starting point for your own research. Interactive Chart: Press Play to compare changes in analyst ratings ...

Study Finds Data Security Lax at Small Biz

Portfolio.com - 41 minutes ago

by Nicola Kean Jun 16 2011 American small businesses know they need to secure their data, but many don't, according to an independent study by the security firm Shred-it. With hacking hitting the ...

SOUND OFFS FOR June 16

SunHerald.com - 39 minutes ago

Why are jobs moving overseas? It is not the greedy corporations. It is the cost of labor. Labor costs in factories in China are in the $1 per hour range, compared with $45 per hour in the US (In ...

In Debt Crisis, E.U. and Markets Stuck in a Dialogue of the Deaf

By STEPHEN CASTLE (NYT)

Government ministers play to their domestic audiences back home while preparing to compromise, as markets try to make sense of the Byzantine decision-making process.

Mobilizing to Support a Region in Turmoil

By MATTHEW SALTMARSH (NYT)

The World Bank's private-sector investment arm plans to step up its financial support in the Middle East, notably for Egypt and Tunisia.

Stores Demand Mannequins With Personality (Heads Optional)

By STEPHANIE CLIFFORD

The generic white, hairless, skinny mannequin is being pushed aside by provocative alternatives that entice shoppers with muscles, unusual poses, famous faces and lifelike bodies.

American Retailers Try Again in Europe

By STEPHANIE CLIFFORD and LIZ ALDERMAN

The expansion of chains like Abercrombie and Gap to Europe is based on a major shift in how young Europeans think about American fashion.

States Want More in Pension Contributions

By STEVEN GREENHOUSE

Gaping pension shortfalls are forcing states to get more money from workers, some of whom have already accepted wage freezes and higher health insurance contributions.

Korean Air takes first A380 to the skies with unique configuration for business travelers
INCHEON, South Korea — Korean Air showed off its first Airbus A380, outfitted with a unique full business class upper deck, in a pair of special flights Thursday, a day before the launch of regular international service.
( Associated Press Associated Press , AP)
Asian markets tumble on unrest over Greek debt crisis, China ecomomy fears
HONG KONG — World stocks tumbled on Thursday, hammered by continuing fears that Europe’s debt crisis could spiral out of control and worries over China’s economy.( Associated Press Associated Press , AP)

Greek PM may resign amid austerity riots
Greece’s beleaguered government was in power-sharing talks with the opposition conservatives and negotiating the resignation of Prime Minister George Papandreou, an effort to ensure approval of new austerity measures required to avoid bankruptcy. ( Associated Press Associated Press , AP)

UK retail sales fall 1.4 pct in May after royal wedding spending spree in April
LONDON — Officials figures show that retail sales in Britain fell by a worse than expected 1.4 percent in May as consumers turned their attention from a royal wedding to their own economic worries. ( Associated Press Associated Press , AP)

Citigroup says hackers stole data on 360,000
HONG KONG — Hackers stole account information of more than 360,000 of Citigroup Inc.’s U.S. credit card customers in a recent data breach, the bank said Wednesday, almost double the number initially thought.

( Associated Press Associated Press , AP)

Video: Chinese Road Trip in North Korea
China's rapidly expanding network of highways, burgeoning obsession with the car and swelling stocks of disposable income have conspired to remake a once quintessentially American past time -- the road trip -- into the height of recreational fashion among monied Chinese weekenders. Now it appears China's road warriors have the pursuit to a place no American is allowed to roam.
http://blogs.wsj.com/chinarealtime/?p=13930?mod=djemChinaRTR_t
Euro Jitters Send Chinese Stocks Near 2011 Lows
Global fretting about Greece landed on Asia's shores this morning after a dismal day in U.S. markets, sending stocks broadly lower and Chinese indexes toward their lowest points this year.
http://blogs.wsj.com/chinarealtime/?p=13928?mod=djemChinaRTR_t
Warner Bros. to Offer On-Demand Movies in China
"Harry Potter and the Deathly Hallows, Part I" and other popular films from Warner Bros. Entertainment will soon be available on demand to television viewers in China. The studio said Tuesday it was partnering -- through its CAV Warner Home Entertainment Co., Ltd. joint venture with the Chinese government -- with YOU On Demand Media to create the country's first national Pay-Per-View and Video-On-Demand platforms.
http://blogs.wsj.com/chinarealtime/?p=13927?mod=djemChinaRTR_t
Jack Ma Dissembling on Yahoo Dispute?
Alibaba Group founder Jack Ma seemed eager this week to respond to critics of his clash with shareholders, including Yahoo, over the controversial divestment of Alibaba's online payments unit.
http://blogs.wsj.com/chinarealtime/?p=13925?mod=djemChinaRTR_t
Sina Defends Goldman Deal
Sina's CEO defended his company's handling of recent deal by insiders to sell shares and denied the Chinese Internet firm plans to spin off its Weibo messaging business
http://online.wsj.com/article/SB10001424052702303499204576387100032467780.html?mod=djemChinaRTR_t
As global markets drop on fears of a Greek default and slowing U.S. economy, investors are fretting over how Hong Kong IPOs will fare, with Prada in the midst of a $3 billion offering. WSJ's Jake Lee and Peter Stein discuss.
http://online.wsj.com/video/asia-today-hong-kong-ipos-rattled-by-markets/97F8D5B4-FC4A-4795-858D-4E9E28A61164.html?mod=djemChinaRTR_t

Fresh Greek Shock Waves

Greece shook global markets, intensifying fears of a default, as tens of thousands of demonstrators protested a new round of budget-cutting plans and its prime minister offered to step down to try to preserve them.

Beijing Says Its Reactors Are Safe

China has declared all its active nuclear reactors safe and is proceeding with plans to build new ones, rekindling concerns about how it deals with radioactive spent fuel that proved a major hazard in Japan.

Apple's Retail Secrets

Apple's successful retail formula includes intensive control of how employees interact with customers, scripted training for tech support and consideration of every store detail, confidential training manuals and interviews with former employees reveal.

TCS to Boost U.S. Outsourcing Staff

Tata Consultancy Services expects to hire more than 1,200 Americans this fiscal year through March 2012 in an effort to diversify its talent pool as well as counter anti-outsourcing sentiment in the U.S.

India Digest: Govt Seeks Public Views Online on Black Money Issue

Here is a roundup of news from Indian newspapers, news wires and Web sites on Thursday, June 16, 2011. The Wall Street Journal has not verified these stories and does not vouch for their accuracy.

Five percent of gold juniors deliver 90% of the performance - Cook and Rule

Success seldom comes true in the risky junior exploration sector but investors may have driven some junior gold stock prices up into multiples of their true value. Gold Report interview. Thursday , 16 Jun 2011

Stop the Presses! US Presidential candidate holds gold mining stocks

At least one GOP Presidential candidate, Gold Standard bearer Rep. Ron Paul, R-Texas, supports both a U.S. gold standard and a domestic precious metals sector. Thursday , 16 Jun 2011

Gold and silver still great investments in inflation, stagflation, deflation

Why gold (and to a perhaps lesser extent silver) is the asset of choice to hold in uncertain economic times when any one - or all - of inflation, stagflation or deflation may become prevalent Wednesday , 15 Jun 2011

Many specialty metals under supply threat - Richard Karn

Rare Earths aren't the only specialty metals where supplies are under threat. Richard Karn delves deeper into supply and usage aspects for many of these. Interview with Critical Metals Report. Wednesday , 15 Jun 2011

Eurozone central banks now buying gold, not selling - confirmed

European central banks are no longer selling gold. They are buying it...So it's not just Asian, Middle Eastern and the Russian Central Bank bolstering their gold reserves. Wednesday , 15 Jun 2011

Peru miners want proposed tax based on profits

Following the election of Ollanta Humala as president, top miners in Peru are expecting to have to pay a new tax, have urged the government to base it on profits rather than sales Thursday , 16 Jun 2011

A cloudy outlook for gold at the moment

There are a lot of reasons why people should look to invest in gold at the moment, says Tiberius Asset Management's head of trading, but, there are also reasons why, in the short term, it might be best to stay away

India raises interest rates, worrying signs for gold

Retail investors in India deterred by price volatility combined with inflation, which reduces funds available for saving are ready to shun gold. Thursday , 16 Jun 2011

Gold falls as Greek crisis knocks global appetite for risk

The dollar hit a three week high as euro zone finance ministers admitted that a new bailout for Greece will take longer than expected, raising concerns about the fate of euro and pushing down commodities Thursday , 16 Jun
Morning Market Briefing

China To See "More Moderate" Growth In Coming Months

Chinese economic growth may moderate further in the coming months due to weak exports, the Conference Board said Thursday. (Jun 16, 2011) Full Article

New Zealand Manufacturing Activity Near One-Year High

New Zealand manufacturing sector expanded at the strongest pace in nearly one year in May, and is expected to improve further, given the strong pick up in consumer confidence, a leading survey revealed Thursday. (Jun 16, 2011) Full Article

India's Central Bank Lifts Rates To Tame Inflation

India's central bank tightened its monetary policy once again as expected at its mid-quarter review on Thursday in an attempt to contain inflation, which is at an 'uncomfortable level.' This marks the tenth rate hike since March 2010. (Jun 16, 2011) Full Article

SNB Leaves Key Rate Unchanged

The Swiss National Bank (SNB) on Thursday maintained its expansionary policy stance, leaving the key interest rate unchanged near zero amid concern about the high level of Swiss franc. (Jun 16, 2011) Full Article

CIA website goes down, hackers claim responsibility BOSTON (Reuters) - The public website of the Central Intelligence Agency went down on Wednesday evening as the hacker group Lulz Security said it had launched an attack. | Full Article

Greek debt, political turmoil hit global stocks June 16, 2011 04:17 AM ET LONDON (Reuters) - World stocks hit a three-month low on Thursday, the euro slumped to a one-month trough and top-rated government bonds rose as concerns intensified the lack of a deal on Greek debt might trigger disorderly market moves. | Full Article

Citi says 360,000 accounts hacked in May cyber attack June 16, 2011 05:01 AM ET NEW YORK/HONG KONG (Reuters) - Citigroup Inc said a cyber attack in May affected almost twice as many accounts as the bank's figures had initially suggested, as major U.S. lenders come under growing pressure from lawmakers to improve account security. | Full Article

RIM faces tough sell on Q1 earnings and outlook June 16, 2011 06:28 AM ET TORONTO (Reuters) - Research In Motion will have to struggle to give investors good news when it reports results after markets close on Thursday, but details on when new BlackBerry devices will hit shelves might help. | Full Article

The Daily Crux

It's official: This housing crash is worse than the Great Depression
Prices have now fallen further than they did in the 1930s...

Dr. Eifrig: If you have high blood pressure, stay away from this popular medication
This cheap pill has dangerous side effects...

What Germany's shocking nuclear announcement means for your energy investments
"The decision makes it the first major industrialized power to turn its back on nuclear power..."

The real U.S. cost of living is soaring
The prices you pay just jumped more than they have since July 2008...

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Benjamin Graham Was A Crappy Hedge Fund Manager

Jack Bogle, the outspoken godfather of index funds and passive investing strategies, didn't approve of a recent Wall Street Journal article defending hedge funds.

In particular, he took issue with the author's reference to Benjamin Graham, the legendary Columbia finance professor who literally wrote the book on Security Analysis and mentored Warren Buffett.

Bogle wrote a letter to the editor. Here's an excerpt: Citing Benjamin Graham as the first "hedged fund" operator is an especially unfortunate example. "The trick," Mr. Rice writes, was Graham's "clever way to make money . . . whether it [the market] continued to rise, or started to fall." ...

Proposal for New Hedge Fund Fee Structure: 1% + 33% of Alpha

By The Big Picture

One of my pet peeves is the way that insiders -- whether corporate CEOs, hedge fund managers, or elected politicos -- capture compensation (or credit) for normal cyclical gains they had little or nothing to do with.

This is the approach favored by the Crony Capitalists — those people pretending to be free market participants, and who merely pretend to be creating value. They are taking credit for structural successes that would have occurred with or without them. What they are actually doing is capturing value, not creating it — and then transferring it from its true owners (shareholders/investors) to themselves.

This is wrong; it is legalized theft.

If you want to see a good example of how CEOs transfer shareholder wealth to themselves, a good place to start is Roger Lowenstein’s 2004 book, Origins of the Crash: The Great Bubble and Its Undoing. The section on CEO compensation is astounding; these guys were essentially getting wildly overcompensated for being CEOs during a bull market. The prime example was the CEO of Heinz, who gave himself (with the tacit approval of his Board of~~Crony~~ Directors) a $90 million bonus. And this was back in the early 1990s, when $90 million was real money.

Why Do You Want To Be A Hedge Fund Investor?

www.ritholtz.com

Earlier this year, Goldman Sachs Asset Management announced that it would launch a new mutual fund that — apparently — will bring the joy of hedge fund investing to the masses. For as little as $1,000, the Multi-Manager Alternatives Fund (GMAMX) allows mom-and-pop investors to put their life savings into some of Wall Street’s riskiest and most expensive products. This “fund of funds” will, according to its prospectus, let investors gain exposure to the trading strategies of hedge funds...

Public pensions fare well with hedge funds

Big public pension funds reaped strong returns from their hedge fund portfolios in 2012, with most of them handily surpassing their own benchmarks and well-used industry indexes. The hedge fund portfolios, for the most part, achieved close to what chief investment officers wanted, despite a 1,500-basis-point difference between the best and worst performers, according toPensions & Investments' analysis of the returns of 19 hedge fund portfolios from 17 U.S. public retirement plans with aggregate hedge fund assets of $60.7 billion.

Daniel Loeb surfing to the top of the hedge fund charts again

Something must be in the water over at 399 Park Avenue, where Daniel Loeb's hedge fund Third Point is headquartered. His Third Point Ultra fund has already gained 12.42 percent this year through the 13th of March, according to data from HSBC’s Private Bank.

The portfolio added 3.3 percent alone between March 1 and March 13. By comparison, hedge funds have returned about 4 percent year-to-date, according to HSBC.

The roughly $1.7 billion Ultra portfolio is a levered version of the firm’s flagship Offshore fund, which manages about $5.7 billion and has gained 8.5 percent over the same period. ...

CHART: Hedge Fund Gold Allocation Falls

After taking a cursory look at the recent 13-Fs filed by hedge funds, it became apparent that hedge funds were scaling back their exposures to gold. George Soros was among the big names that unloaded his position. According to Goldman Sachs' new Hedge Fund Trend Monitor report, hedge funds in aggregate scaled back big time.

Despite low turnover, hedge funds notably reduced holdings of underperforming long-time favorites Apple and gold while raising allocations to rallying Financials. For the first time in three years AAPL was not the top stock in our VIP list, instead ranking as the third most frequent top-10 holding... Continue to read.

10 Publicly Traded Hedge Funds That Pay a Dividend
Investing in publicly traded hedge funds is a great way for an investor to see returns through capital appreciation and dividend payments in the financial sector. When it comes to investing, many think of the process as a choice between growth and value stocks; you’re either taking on risk in search of capital appreciation, or you’re seeking out stable sources of current income through dividend payments. Luckily, Wall Street has many investment options and investors don’t have to make a clear-cut choice between capital gains and dividends. There are a lot of misunderstandings about dividend stocks out there; make sure you’re investing for the right reasons, check out 5 Common Misconceptions About Dividend Investing. ... Continue.

Hedge Funds Love These 3 Outperforming Semiconductor Stocks ...
Do you like to follow the buying trends of smart money investors? We ran a screen to find semiconductor stocks currently in favor by hedge fund managers. We began by screening the semiconductor industry for stocks that are rallying above their 20-day, 50-day, and 200-day moving averages, indicating that these stocks have strong upward momentum.
We then screened for those with bullish sentiment from institutional investors, with significant net institutional purchases over the last quarter representing at least 5% of share float. ... Continue.

10 REITs Absolutely Adored By Hedge Funds
After identifying the most popular stocks among hedge funds (see our full Top 10 here) according to their third-quarter 13F filings, we have decided to break down the top 10 REIT stocks that hedge funds love. The REIT industry, notably specialized REITs in hospitality and healthcare, should see positive growth from a rise in job growth and expansion due to freeing up of the credit markets. Our list includes 400 hedge funds and prominent investors that are required by the SEC to disclose their public equity holdings quarterly. In descending order, we have outlined the most-loved REIT stocks based on the aggregate number of funds owning each. ...Continue.

Apple Stock Hit by Panic Selling: 'Someone Yelled Fire'(Yahoo) Forget the "fiscal cliff." The real panic on Wall Street is over Apple's stock. Nearly every mutual and hedge fund has piled into Apple Inc. (NASDAQ:AAPL) during its spectacular rise over the past few years. Now, these same funds are scrambling for the exits as the stock goes through an equally spectacular decline. Apple plunged to a six-month low Thursday as funds rushed to take profits on the stock before it's too late. Shares are now off 25 percent since late September-shortly after the iPhone 5 launch and a month before the iPad Mini introduction. The stock, once up 74 percent on the year, is still up 30 percent for 2012. That's why Wall Street is getting out while it can. ...

Billionaire George Soros’s Latest Stock Picks (InsiderMonkey) George Soros is best known for the fortune he made shorting the British pound in 1992, but he currently invests a considerable amount of money in equities and so is required to report many of his long positions in 13F filings. We’ve gone through the 13F for the third quarter of the year and compared Soros’s holdings at the end of September to three months earlier. Read on for our impression of his moves and compare them to what he's bought and sold before. AIG. American International Group, Inc. (NYSE::AIG) became Soros’s largest 13F equity holding during the third quarter with a position of over 15 million shares being reported in the filing. A number of value investors have been getting into the insurer over the course of the year, and at a P/B ratio of 0.5 it certainly looks cheap compared to the book value of its equity. We also like its earnings multiples- it trades at 9 times forward earnings estimates- and revenue was up strongly in the third quarter compared to the same period in 2011. Fellow billionaire Dan Loeb had initiated a position during the second quarter of 2012 and we think that it still looks like a good buy for investors. ...

Duke Energy CEO Jim Rogers still facing issues as tough year nears an end (BizJournals) In late 2011, Jim Rogers seemed almost golden. He was about to close his last big merger deal. He was poised to take a corporate chairmanship tailored to his penchants for energy policy and reshaping the utility-business model. He was ready to bask in the spotlight of a national convention he’d helped bring to Charlotte. But by late 2012, it’s evident things have not gone so well. “It has been a year of challenges,” the Duke Energy Corp. chief executive concedes. “Nothing in life is perfect.” Dan Fogel, associate director of the Wake Forest University Business School’s Center for Energy, ...

Argo unveils emerging markets hedge fund (InvestmentWeek) Argo Group has launched an emerging markets hedge fund investing in bonds and currencies from a universe of over 40 emerging market countries. The Argo Local Markets fund aims to hold between 20 and 30 positions and has been launched with an initial $7m of seed capital. It will offer investors weekly liquidity and has a mandate to take on moderate leverage. Argo chief executive Kyriakos Rialas said: "The case for investing in emerging markets is compelling. ...

Argentina's President Is Making Great Political Theater Out Of Paul Singer Seizing The Country's Naval Ship(BusinessInsider) Cristina Fernandez de Kirchner is turning her feud with hedge fund manager Paul Singer into a political rallying cry in Argentina. The President has refused to pay Singer's firm Elliott Management the $1.3 billion it owes the fund after it defaulted in 2010. de Kirchner says it's because Singer was given multiple chances (in 2005 and 2010) to restructure, like other hedge funds did, and take a haircut to recoup at least a portion of their losses. Singer, needless to say, did not. Instead, he decided to capture one of Argentina's naval vessels as collateral, and got Ghana to give him an order to detain the ARA Libertad last month. ...

Tom Steyer New Investments
FARALLON CAPITAL Hedge fund billionaire into politics (DailyDemocrat) Hedge-fund billionaire Tom Steyer staked millions of his own money to take on big oil and then to close a corporate-tax loophole costing California $1 billion a year -- and won both times. Ever heard of him? Don't worry, you will. With his latest behind-the-scenes win at the polls as the man who stared down big business by standing up for Proposition 39, this Stanford MBA and top Obama fundraiser has become an out-of-nowhere big-time political player in California. So what does Tom Steyer want now? "I am an enormous lover of California and to the extent that I see something wrong, I will be involved in trying to fix it," Steyer, 55, said Monday. "What form that takes, I don't have a fixed idea." ...

This Hedge Fund Returned Nearly 25% Last Quarter
Artis Capital Management was a top performing hedge fund during the third quarter. Coming in with the fourth best Q3 performance, the fund’s picks had a weighted average return of 25.5% during the first half of the year, and returned 24.6% for the third quarter, boosting the fund’s year to date performance to 56.4%. Artis Capital was founded in 2001 and is a San Francisco-based hedge fund with a focus on public technology companies. ... Read more.

More ETFs Play Hedge Fund Copycat
What if you could emulate the actions of the most successful hedge fund managers for a fraction of what they cost? Two ETFs that debuted this summer are trying to do that by using public filings to replicate their portfolios. And a third, which launched early this month, promises to add another hedge fund dimension to ETF copycats by adopting what its sponsor calls the only true market-neutral strategy in the lot. Researchers have been trying to emulate hedge fund strategies since the 1990s ... Read more

BMW Pininfarina Gran Lusso Coupé.

BMW and Pininfarina are two of the most tradition-swathed names in the motoring world. Each is a byword for cutting-edge technology, style, dynamics and aesthetics. With the BMW Pininfarina Gran Lusso Coupé, the two

time-honoured companies are unveiling the outcome of their first collaboration at the Concorso d’Eleganza Villa d’Este 2013. The BMW Pininfarina Gran Lusso Coupé is a one-off and represents the exclusive interpretation of a luxurious BMW Coupé as seen through the eyes of Pininfarina.

...

All Time Record Gold Transactions Reported By LBMA

The precious metals have been weak again in May with gold falling 4.4% despite this weeks’ recovery. Silver is down 7% and platinum by 2.6%. Palladium has recovered from recent weakness and those who accumulated on weakness are set for the best month since November after it surged 6.6% in May.

Weakness in gold and silver is leading to robust demand internationally as store of value buyers accumulate gold and silver on this dip. This is particularly the case in Asia where premiums remain robust and supply demand imbalances remain. ...

6 Tips to Work From Home Successfully

The future of work is the work itself, not where and when the work takes place. Workplace flexibility programs are already catching on and will soon become standardized as more millennials enter the workplace. All workers, not just millennials,want freedom and flexibility and some are even quitting their jobs to becoming freelancers in order to gain that freedom. oDesk.com has 3.3 million registered freelancers, and Intuit predicts that by 2020, 40% of Americans will be freelancers. When it comes to working from home, 13.4 million people (9.4% of all American workers) work from home at least one day per week compared to just 9.2 million in 1997 according to one Census Bureau.

Today's top Green Energy Good News

Russia is funding research into powering its airplanes with solar energy. The airline industry is being hurt by high fuel prices, and solar-powered planes would not only be cheaper but also would remove a major source of carbon pollution that contributes to global warming.

Texas is set to double its wind energy generation from 60 gigawatts to 120 gigawatts in 2013.

Britain has made substantial investments in wind energy and its technology. British PM David Cameron is touting his country’s green expertise on his trip to India to promote trade with that country. ... Continue.

High-Dividend ETFs with Reasonable Valuations

Investors have picked over the ETF universe in search of any kind of yield in an extremely low-rate market for bonds. As a result, ETFs tracking many traditional high-yield sectors have been bid up to expensive levels, but there are still places investors can go for income without paying nosebleed valuations. “Unfortunately, valuations [for dividends, high-yield junk bonds, MLPs, and REITs] are approaching sky high levels in many instances as more investors fall in love with these products ... Continue.