Tag Archives: Preferred Income II
In this month’s visit, I’ll show you how Alan Greenspan is unwittingly setting the stage for a big rally in bond prices, starting soon. We’ve seen his hardheaded determination to tighten credit before—and we know the result. Some high-octane Treasury bonds, I predict, will roll up a total return of 15% or perhaps even 20% in the coming year.
Yesterday’s newswires were dancing with stories about the latest telecom merger. Verizon (NYSE: VZ), a member of our Incredible Dividend Machine, has offered to take over long-distance carrier MCI (NASDAQ: MCIP) for cash and stock valued at $6.7 billion. MCI’s board has okayed the deal.