DRPA bridge users are paying the price for the current standoff. At least those who are playing the bond positions correctly can get some of their toll dollars or tax dollars back. For the rest of the folks, let me just add that it is costing you thousands of dollars a day.
More Quotes from David Kotok:
Both governors and every commissioner are responsible. This is not necessarily a money emergency because people are crossing the bridges, paying their tolls and the bills are being paid. But bond markets do not look favorably on unpredictable, unreliable, politically driven decisions. Government organizations are created to pass budgets and meet bond covenants. To do otherwise is irresponsible.David Kotok
I hate to say it, but war is good for stocks.
David Kotok
You would worry, because an IED would be in a pile of trash, it would be in a pothole. It could be almost anywhere. I was in a Hummer when an explosion went off and hit the second hummer after us.
David Kotok
The question is how informed are you If you don't know what's in the index, you are making a mistake no matter what the index is. If you don't know what's in an index, you shouldn't be buying it.
David Kotok
Gold is hoarded by institutions and banks even while they say it has no monetary value, which means they are talking out of both sides of their mouths.
David Kotok
Clearly there is a momentum towards gold at work. It is flirting with 500 and the indications are it should go through it. That will be a worldwide headline and will attract more buyers.
David Kotok
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