Shorting Treasury Bonds

It’s a Fed day and although I do not know what Ben Bernanke is going to say or do, I know what I’m going to do. Buy shares of TBT.

TBT – ProShares UltraShort Lehman 20+ Year Treasury

Read more here - Treasury Bonds: The Short of the Century

Shorting The DOW

I'm not just going to let the DOG out, I'm going to let the double dog out. I'm buying DXD.

DXD – ProShares UltraShort DOW 30

With the death cross remaining, the Dow tried, but failed to penetrate much above 13,000 and it's 200 day moving average in May and has now dropped below important support at 12,000. This might get ugly.

Kiplinger’s High Yield Investments

Kiplinger’s July 2008 Issue highlights opportunities to earn high yields on tankers, pipelines and real estate stocks.

Closed-End Income Funds:
First Trust Strategic High Income (FHI) - bank loans, mortgage-related securities and junk bonds. 14.6% yield.
Denali Fund (DNY) - Currently trades at a 9.5% discount to Net Asset Value and is converting from REIT fund to general leveraged fund. 12% yield

Junk Bond Funds - 8% yields:
Metropolitan West High Yield Bond (MWHYX)
Payden High Income (PYHRX)
TCW High Yield Bond I (TGHYX)

Energy Income Trusts:
BP Prudhoe Bay Royalty Trust (BPT) 11% yield
San Juan Basin (SJT) 7.7% yield
Cross Timbers (CRT) 9.9% yield
Enerplus (ERF) 10.5% yield
Harvest Energy (HTE) 14.7% yield

Ocean-Shipping Fleets:
Seaspan (SSW) 7.3% yield
Genco Shipping & Trading (GNK) 5.7% yield

High Yield Property REITS - Focus on Real Estate Investment Trusts that own hospitals, medical office buildings and other health-care facilities:
Codell Spencer (CSA) 7.5% yield
Medical Properties Trust (MPW) 8.4%
First Industrial Realty Trust (FR) 9%

Pipelines:
Enterprise Products Partners (EPD) 6.6% yield
Kinder Morgan Energy (KMP) 6.4% yield
Magellan Midstream Partners (MMP) 7% yield
Plains All American Pipeline (PAA) 7% yield

Emerging-Market Bonds:
Fidelity New Markets Income (FNMIX) 5.6% yield
Pimco Emerging Markets Bond D (PEMDX) 5.6% yield

I'm not prepared to jump on any of these yet. Keep your powder dry.