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Tag Archives: Short-Term Bond

April 2008 Issue

The mercury is climbing, blossoms are bursting out — so does Wall Street finally get to celebrate a springtime of its own? For eight long months now, a ferocious credit crunch, unprecedented since the Great Depression, has trapped investors in a deep freeze. Not only stocks and real estate, but even some of the (reputedly) safest bonds and money market instruments fell victim to the Arctic blast.

Happily, I’m detecting hints, here and there, of a thaw. It’s taking a lot longer than I had hoped, but we will see the end of this new Ice Age. As a balmier climate sets in, we can look forward to healthy markets again — and a return to the steady, consistent profits we enjoyed from 2003 to around mid-2007.

TWEAKING OUR FUND PORTFOLIOS

We’re lengthening our bond maturities. Per yesterday’s Hotline, here are the changes we’re making in our model fund portfolios. New weightings will take effect as of Monday’s market close: Fund Supermarket Portfolio. Move 5% from Neuberger Berman Limited Maturity Bond (NLMBX) and 5% from PBHG Clipper Focus (PBFOX) to a new 10% position in Dreyfus Intermediate-Term Income (DRITX).