Searching For Yield:Bank Loans,Gold and IBM

We think ultimately rates are going to be heading higher,said Mark Kiesel,PIMCO CIO and co-manager of the firm's iconic income fund,the Total Return Fund.You're better off investing in bank loans at 4-5% yield.You're not going to get that with bonds today.It's also a sign of global disinflation.With bank loans,you're investing in a structure that protects you.MGM and Hilton are offering 4-5% on bank loans.
As of 9-26,we've outperformed about 90% internationally at the Total Return Fund.TIPS,or Treasury Inflation-Protected Securities,are very cheap,favouring international markets like Brazil and Mexico.We have a great story at Total Return Fund.
Morningstar Associates gives the Total Return Fund three out of four stars and considers it to be world class.
Bank loans in the form of mortgage-backed securities are commonly in the portfolios of income funds,including the Total Return Fund.*
Most of the damage done by the Swiss central bank,which of a sudden lifted a three-year-old cap on the Swiss franc, probably occurred in retail debts.I don't think there will be anything untoward that happened to US banks.I think it just causes greater disrespect for central banks generally,said Dennis Gartman,editor of The Gartman Letter.
I've been long gold and short euros,and that's been very beneficial.I see no reason to think that strong gold's going to change.The Swiss move is going to be detrimental to their currencies and strong to gold.*
IBM reported earnings per share of 5.81,in line with the estimate.Revenue was 24.11 billion,falling a bit short of the 24.77 billion estimate.Currency fluctuations and divestitures hurt their revenue.I think it's a step in the right direction,said Daniel Ives of FBR Capital Markets.Can this company succeed in the cloud?The outlook going forward is really the elephant in the room for investors.Given the playbook,it's about IBM giving investors comfort in the cloud transition.*
PIMCO Total Return Fund Class A(PTTAX),International Business Machines(IBM),Market Vectors Gold Miners ETF(GDX)

Author and Consultant:Riding the Sawtooth Market

We're in a slow growth,maybe no growth economy,and this could go on for years,observes Al Angrisani,former Assistant Secretary of Labor and Chief of Staff for President Ronald Reagan from 1980-84,whom he helped to create 16 million new jobs.Investors are picking winners and losers.If the price is down,I'll make a bet on those.
You're looking at IBM,Apple,Siemens.Those are good long-term plays.We're in a sawtooth pattern,but the trend is down.You're picking companies.You get numb from the ups and downs of this sawtooth pattern,and then perhaps you get whammed by China with its uncertainty.
Mr.Angrisani has worked as a turnaround expert,restoring value to shareholders as founder of Angrisani Turnarounds,LLC,a leading consultancy for failing publicly traded companies.He sets out his approach in his book "Win One for the Shareholders!"
Siemens(SI),International Business Machines(IBM),Apple(AAPL)