‘This rally in stocks is a last hurrah!’ warns Guggenheim’s Minerd Count me as among the ignorant who might have used “shyster” innocently. (But I’ve committed much bigger blunders along life’s way). Fortunately, the law makes clear distinctions in guilt based on intent, and I firmly believe there was no intent here to insult anyone or any group. I do like being made aware of the sensitivities of different religions, social groups, nationalities, sexual orientations, etc. Once aware of those sensitivities, I try very hard to respect them.
I remember when as a young lad I thought the Confederate flag a stately symbol. Displaying it in southern states 50-60 years ago was seen as a tribute to loved ones lost in battle and a symbol of one’s love for his homeland, Over time the connotations thus associated changed drastically (Language is a living organism - and symbols are a form of language.) So when I see some jerk driving around in northern Michigan today flying a couple confederate flags from his Harley or high-lift PU, I know darned well it isn’t intended as a tribute to a fallen loved one or as a loving symbol of his homeland. It’s a despicable display of hate and a needless provocation. Such is the state of man.
‘This rally in stocks is a last hurrah!’ warns Guggenheim’s Minerd @larryB, is this the connotation you are refering to, anti-semetic? I thought the word was just a reference to a shady lawyer and generalized for anyone else who fit that bill. Frankly I had no idea it had an anti-semetic reference to it (I would bet most people don't). I don't take shame for not knowing the reference, but now that I do, I for one will not use this phrase again. Thanks.
Is 'Shyster' Anti-Semitic?
https://www.law.com/newyorklawjournal/almID/900005387204/?slreturn=20180612171637
America, robots, new geography map and data
‘This rally in stocks is a last hurrah!’ warns Guggenheim’s Minerd I've periodically noted here regarding bond yields and the yield curve of U.S. Treasury issues.
The curve continues to flatten among 30, 10 and 5 year issues.
This morning, reflecting some of yesterdays actions find 10 basis points between the 30 and 10 year, and 11 basis points between the 10 and 5 year issues.
---
30 year at 2.95%
10 year at 2.85%
5 year at 2.74%
As this time is different remains, since the market melt of almost 10 years ago; does the yield curve spread still provide meaningful indicators. One must think so, yes?
Big money is apparently still supporting long term bonds.....the pension funds, etc.; whomever is buying.
Well, just a blip of what is visible in part of the bond arena.
Take care,
Catch
What To Do With Excess Cash I disagree vehimently with the thesis here. Perhaps it’s because I remember back a decade ago when the prevailing question on financial discussion boards wasn’t “Why do people hold so much cash?” but rather “Are money market funds safe enough to invest in?” I’m afraid current investment climate affects our perceptions of what’s safe / appropriate for different individuals and what is not.
Here’s an interesting line: “If a client has US$100 million, why would they need US$15 million or US$20 million in cash?” Bailin asks. “They should have it fully invested ....
I’d turn that question around and ask: “If an investor has $100 million, why would he/she expose that nice fortune to any market risk at all?”
MFO Ratings Updated Through June 2018
What To Do With Excess Cash
‘This rally in stocks is a last hurrah!’ warns Guggenheim’s Minerd @LewisBrahamOne aspect that continues since the global equity mini-melt at the end of January; is that there remains a lot of down and up range, with buys and sells, in many sectors.
Without data available for an inside view, I can only speculate that machines are trading within ranges of overbought and oversold based upon, say; 6 months of backward data points. If
50% of this activity is machine programmed trading another substantial percentage will be the follow along human traders using their own tools of judgement for buy and sell points. Those who are very good at this type of trading will actually be able to sit atop their money in place of a chair.
My 2 cents worth.
Catch
MFO Ratings Updated Through June 2018 Thanks, Charles, for finding this comment. I don't quite understand what Mr Lee is trying to say but I do share in his pain.
MFO Ratings Updated Through June 2018
MFO Ratings Updated Through June 2018 Grandeur Peak, recommended strongly by David (and Sam), continues to be an MFO Top Fund Family. All seven of its funds have beaten their peers handsomely since launch. Its two open funds, Global Stalwarts (GGSOX) and International Stalwarts (GISYX), have done particularly well this past year. That said, all seven are experiencing five months of drawdown.
never sell, as the hopeful saying goes Sorting through old basement boxes I came across my IRS returns as an adolescent, prepared by my father, from the early 1960s.
Along with W2s from the Balsams Resort ($450 for the summer) and International Harvester ($1k. other summers) were schedule lists of modest stock and fund holdings, Transcontinental Gas Pipeline, Draper (not Labs), Ryder (not trucks), and Ford, ... and also Mass. Investment Growth and Fidelity Trend funds, both extant.
So I went and plotted those two mutual funds from ~1959 to present, and observed how the $50 then would (reinvested, which we did not do so much) be ~$11k-$40k today.
Best Banks In America For Savings, CD's & Mortgage Rates 2018 This has been a paid advertisement, brought to you by ...
1.8
5%, is that really the best one can do on a Savings/MM account? Missing from the list is
Salem Five Direct, which yields 2.0
5%. The site also omits a couple of well known banks, Ally and Syncrony, that offer the same 1.7
5% as the second best yielding bank of those that are listed.
Nor does it show the superior savings account rate of 1.90% of a bank that even advertises on the site:
PurePoint Financial. Maybe PurePoint only paid to be listed with CD rates. Or maybe the banks shown on the savings account page paid to keep the higher rate off.
(It's not PurePoint's $10K min that's the problem, because the savings account page lists Capital One, that also has a $10K min. Nor it is that PurePoint is not included in BankRate.com's site, which is the source of the data.)
It doesn't even get the comparisons with TBTF banks correct. It shows them all yielding 0.01%. BankRate reports Citibank at 0.04% and BofA 0.03%.
M*: The 3-Fund Portfolio You have a good memory. Earlier prospectuses (e.g.
this one from 2013) didn't imply there were fixed stock/bond ratios, but the
current prospectus does:
[For AOM] As of July 31, 2017, the Underlying Index included a fixed allocation of 60% of its assets in Underlying Funds that invest primarily in equity securities and 40% of its assets in Underlying Funds that invest primarily in bonds. As of July 31,2017, the Fund invested approximately 63.57% of its assets in Underlying Funds that invest primarily in equity securities, 36.24% of its assets in Underlying Funds that invest primarily in bonds and the remainder of its assets in Underlying Funds that invest primarily in money market instruments.
The 60/40 seems to be a target, since the next sentence gives the actual allocations.
Looking at the funds' allocations for April 30, 2014, AOA had 3.77% in Cohen & Steers REIT ETF (ICF) (see page
here), while AOK had none (see page
here). So the funds used to include different underlying funds, including RE.
Though as you suggested, not really enough to make much of a difference.
Large corrections ahead on !? Stock Markets a Bomb Waiting to Go Off – Gregory Mannarino Hi Sir- Mark. Have very small portion play money on O.. Was looking at O for very long time past few yrs but never buy it.. I was very under weigh in real-estate eft and stocks so finally pulled trigger when went down recentlys. May put short stop lost on it tomorrow
For cash - I used safe individual aaa muni or safe Aa+ bonds as cash portions. Currently don't have a true cash portions at all,probably 5%. I am not very good w playing market timing so probably best leave it indexes and some in TRP funds at 401k
Large corrections ahead on !? Stock Markets a Bomb Waiting to Go Off – Gregory Mannarino Still about 80-20 w 401k distributions and bought more stocks real-estate reits previously w private equities portfolio... I Still have least 20 yrs until retirement so taking the lazy portfolio approaches... We are overdue for a large15s%correction so nothing surprises me anymore . Did place trade on O and another oil preferred stocks last week
