WBMIX up again today, strong at 0.88%.
As was HCP. again...very strong at 1.87%.
Surprised that OAK has not held up better last couple days, given its financial strength and very strong dividend.

I was just over at the Pimco site earlier this evening. There are so many funds there that could be pruned out of their stable of funds. Too much money I guess

Yeah, way too many funds. I was looking at David's October commentary. Gross was responsible for 35 different funds. But one of those funds has multiple versions, e.g., "37 iterations of PIMCO GIS Unconstrained Bond". Not just blaming Pimco here.
"According to the last count there are more than 10,000 mutual funds in North America! That means there are more mutual funds than stocks."
investopedia.com/university/mutualfunds/mutualfunds1.asp

Royce Funds
http://www.roycefunds.com/news/2014/10/open-end-funds-2014-year-end-distributions-estimates

FYI:
Regards,
Ted
http://www.ritholtz.com/blog/2014/10/succinct-summations-of-weeks-events-10-10-14/print/

FYI: U.S. stocks fell Friday, with big declines seen in technology stocks, a day after the Dow industrials posted their largest one-day drop of the year.
Regards,
Ted
http://online.wsj.com/articles/u-s-stock-futures-point-to-more-losses-for-wall-street-1412943940#printMode
Markets At A Glance: http://markets.wsj.com/us

Here we go...
http://www.fairholmefunds.com/show_pdf.php?file=http://www.fairholmefunds.com/sites/default/files/Fairholme Press Release - October 10, 2014.pdf#pagemode=bookmarks

FYI: On Wall Street, as in life, the biggest surprise is often that anyone is surprised by the inevitable.
This week’s market turbulence, in which the Dow Jones Industrial Average fell 273 points, regained 275, then lost 335, is long overdue and should be utterly unsurprising.
Regards,
Ted
http://blogs.wsj.com/totalreturn/2014/10/10/how-scared-should-investors-be/tab/print/?mg=blogs-wsj&url=http%3A%2F%2Fblogs.wsj.com%2Ftotalreturn%2F2014%2F10%2F10%2Fhow-scared-should-investors-be%2Ftab%2Fprint&fpid=2,121

Here's summary of latest ratings for VintageFreak's list (funds at least 1 year old):
http://www.mutualfundobserver.com/fund-ratings/?symbol=+BPRRX+BGRSX+ARLSX+RLSFX+RSAFX+LSOFX+WBMAX+WBLSX+TFSMX+TFSSX+PMHDX+WMCNX+IRONX+NLSAX+NABAX+OTCRX+MASNX+RNBWX&submit=Submit
If you sort on Risk, top performers rise to top...interesting...Litman Gregory Master Alt Strats In (MASFX), RiverPark Structural Alpha Institut (RSAIX), Ironclad Managed Risk (IRONX), and Robeco Boston Partners L/S Rsrch In (BPIRX).

Thank you Charles! I keep forgetting this feature you added.

Companies and countries, even shaky ones, seem to be able to get loans (eg,. Radio Shack).

And I think that's an example of malinvestment due to tons of money flowing around. I think it's very unfortunate what has happened to Radio Shack, but I question if you didn't not have the monetary environment that you do, would Radio Shack have been gone 1-2 years ago and is throwing money at the problem simply delaying the inevitable? Easy money doesn't fix Radio Shack.
Dave and Buster's IPO'd today. I think that's tried and failed twice.
"And, HELOCs are back again."
There's a joke radio ad in the new "Grand Theft Auto" game about how people are being idiots for having any equity in their house and how they should pull that out to buy new devices that will briefly improve their life.
I say get much tighter in regards to HELOC's and have people who can advise as to the realities and risks of HELOCs. It's not, lets take out HELOCs and go on vacation and buy toys.
I suppose the idea becomes the mortgage officer and underwriters become somewhat less focused on stats and formulas and more on the people who they're dealing with. Effectively, a mortgage officer becomes more of a financial adviser and takes things into consideration rather than the idea that you enter in a bunch of numbers and it says x or y. Obviously, that's not scientific, but I do think the broad idea is if you have someone whose costs could be considerably lessened by buying, how do you make it work?
When you have someone who is the former head of the Federal Reserve not be able to refi, it really would seem more a focus on particular statistics and formulas that say X or Y versus actually looking at the person's situation.

MY Choice: VYM 1yr +18.2%, 5yr.15.2% 2.8% yield 0.10% expense

Here's summary of latest ratings for VintageFreak's list (funds at least 1 year old):
http://www.mutualfundobserver.com/fund-ratings/?symbol=+BPRRX+BGRSX+ARLSX+RLSFX+RSAFX+LSOFX+WBMAX+WBLSX+TFSMX+TFSSX+PMHDX+WMCNX+IRONX+NLSAX+NABAX+OTCRX+MASNX+RNBWX&submit=Submit
If you sort on Risk, top performers rise to top...interesting...Litman Gregory Master Alt Strats In (MASFX), RiverPark Structural Alpha Institut (RSAIX), Ironclad Managed Risk (IRONX), and Robeco Boston Partners L/S Rsrch In (BPIRX).

Ha! I saw that too...good point.
But every week, my mail box has one or two new credit card offers.
And, we refinanced in late 2012. But granted, not a jumbo.
And, HELOCs are back again.
Companies and countries, even shaky ones, seem to be able to get loans (eg,. Radio Shack).
Can't be too bad.
But OK, would be good to have credit availability continuing to improve... =)

JB is really one of the few good things about CNBC. That said, 1: the Fed may want to leave but I continue to think that this is the monetary version of "Hotel California." If things start deteriorating rapidly, they'll not only push out rate increases further into the future, but I wouldn't be shocked if you have another congressperson tell Yellen as they did Bernanke, to "get to work." If the Fed leaving winds up being that dramatic a hit to the market, it will become increasingly obvious how little of it was organic.
"All the while, interest rates remain low. Credit available."
LOL, apparently unless you're a former chairman of the Federal Reserve. Interest rates are low, certainly. However, for many reasons those who can get access don't want to (or, in the case of Bernanke, apparently can't) while those who want to (and I think there's a lot of people who actually would find a house cheaper than renting - rents have gotten INSANE in many regions) can't.
As easy as credit was in 2007, it has swung the other way.

@scott We may disagree on this, but, at least for his larger funds, I'd view Cliff's performance as mixed. And these funds are all relatively new, with only 1-3 year performance records.

FYI: Why did the stock market plummet more than 330 points today?
I could give you any one of several answers but they won’t actually help you. Because this is the wrong question.
Regards,
Ted
http://thereformedbroker.com/2014/10/09/why-did-the-stock-market-plummet-today/

US Aggregate Bonds AGG have enjoyed good week, month, and YTD (5%)...