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Frustrating, isn’t it? I’ve had 2 or 3 like that the past 3 or 4 months. One stock I bought on a Barron’s recommendation in the fall only to watch it decline more than 6% a couple days later (all in 1 day). “Who needs this?” I asked - and ditched the *#!##. Well now it’s gained 10-15% above the initial purchase price and tends to rise on days when the market goes down. Of course I regret the knee-jerk reaction to sell it.It seems to me about 70% of the time when I sell something it comes back to life.
Depends which funds I suppose. Some of the miners (p/m and industrial) were flat or up slightly. But some of the p/m miners got hit pretty hard today. Gold actually gained a tad. A few funds I track (but don’t necessarily own): VWINX -.56% / PRWCX -.89% / HSGFX +.74% While not technically a fund, BRK.B held up pretty well, loosing just -47%. Bonds and bond funds generally fell today, adding to the losses a balanced portfolio might otherwise sustain on such a down day. As mentioned previously, I no longer share information re my own investments.”Watch out for the mutual funds, though."
https://thenation.com/article/economy/rail-workers-say-industry-courts-derailments-in-quest-for-profits/Several cars were carrying vinyl chloride, a cancer-causing substance. Other cars held other hazardous substances
Five of the derailed cars were carrying vinyl chloride, a manmade substance that is a key ingredient in PVC, the hard plastic resin used widely in construction and health care.
At room temperature, vinyl chloride is a sweet-smelling colorless gas. It is typically transported in the form of a compressed liquid.
Inhalation of vinyl chloride can cause respiratory symptoms like shortness of breath, along with neurological symptoms like headaches and dizziness. Chronic exposure to high levels of vinyl chloride has been associated with liver damage and cancer, according to the CDC.
This week, the EPA released a partial Norfolk Southern manifest that detailed other hazardous chemicals on the train, which included ethylene glycol monobutyl ether, ethylhexyl acrylate and isobutylene. All can cause irritation or neurological symptoms like dizziness and headaches.
https://nytimes.com/article/ohio-train-derailment.htmlRail workers have insisted for years that the staffing cuts that rail carriers have pursued to pad their bottom line would create a safety crisis in the industry. “Through PSR [Precision Scheduled Railroading], they’ve cut staffing levels, not just for the operating side, but for maintenance…and basically all crafts across the line,” Doering said. These acute staff shortages also mean that freight lines are subject to incomplete or infrequent inspections, compounding the risks of environmental disaster.
https://nytimes.com/2023/02/15/us/ohio-train-derailment-anxiety.htmlGov. Josh Shapiro of Pennsylvania, a Democrat, weighed in on Tuesday, criticizing Norfolk Southern in a public letter for “inaccurate information and conflicting modeling” of the impact of the derailment.
Residents of East Palestine are losing trust in state officials and in Norfolk Southern, saying that no one has clearly communicated the scale of the disaster and the public health threats it could pose months or years later.
On Wednesday evening, hundreds of East Palestine residents crowded a school gym for an informational meeting about the derailment. They peppered local and state officials with questions about how such a disaster could be avoided and whether their water was truly safe to drink. Representatives from Norfolk Southern declined to attend.
Residents were evacuated and face uncertainty.
Just after the derailment, 1,500 to 2,000 residents of East Palestine were told to evacuate. Schools were closed for the week, along with some roads.
“I just don’t want to be diagnosed with cancer or something 10, 15 years down the line because of their mistake,” said Therese Vigliotti, 47, who was outdoors the night that the chemicals were burned and said that her tongue still feels scalded and that she had seen blood in her stool for two days.
Most of the anger so far has been directed at Norfolk Southern, with elected officials publicly taking the rail company to task. Gov. Mike DeWine of Ohio, a Republican, called it “absurd” that Norfolk Southern had not been required to notify local officials about the train’s contents before it came through because of its classification, calling for congressional action and dangling the threat of legal action should the company fail to pay for the cleanup.
In a public letter, Gov. Josh Shapiro of Pennsylvania, a Democrat, denounced Norfolk Southern for its “poor handling” of the derailment, charging that “prioritizing an accelerated and arbitrary timeline to reopen the rail line injected unnecessary risk and created confusion in the process.”
From the Prospectus: “Mebane T. Faber is the portfolio manager for the Fund and has managed the Fund since its inception in February 2016.”@Hank. Re: TAIL. isn’t that managed by the great Meb Faber?
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