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I also like D&C for many of the reasons you state.DODEX was discussed in the following MFO thread.
+1
D&C is a fine house. Low fees for actively managed funds. I was there (no longer am) about 20 years. Always felt like they were a bit more aggressive on their equity investments than some, which paid off handsomely if you had the patience to hang in there. Just an unscientific impression. Privately held (I like) and a history dating back to the 1930s.
+1DODEX was discussed in the following MFO thread.
Perfectly stated.Yeah, not to mention the incompetent buffoon crime lord we have sleeping in the White House, with all his grossly inept, corrupt appointees running the country into the ground.
The incompetent buffoon crime lord lost the election in 2020 and is no longer in the White House.
Some say 'government' some say 'clown car' others say 'insane asylum.' I say: 'Time for another scotch.' :)I don't expect to reinvest the proceeds until after there is something like funding for the government going forward.
What government?
In the last three months of decline, LCORX has lost 50% of what its peers have; over the past three years, its made 250% of what they have (per Morningstar).The Major Trend Index slipped another notch to -3 in the week ended October 20th, thanks to a two-point breakdown in the Technical category. All four of the MTI’s factor groupings are now negative, supporting a defensive stance toward the stock market.
Leuthold tactical portfolios—including the Core Fund, Core private accounts, Core ETF, and Global Fund—are all positioned with net equity exposure of 43%.
On a short-term basis, it’s troubling that a market setback as internally deep as the current one hasn’t resulted in more improvement in the Sentiment work. The “wall of worry” accompanying much of the 2023 market action has morphed into a “slope of hope.”
On a long-term basis, it’s worrisome that S&P 500 valuation measures still look so high, despite the index having gone nowhere in the last 29 months. But there’s a silver lining to this year’s incredibly narrow market action: The “average stock” in our Leuthold 3000 universe has sunk to even lower valuation levels than seen at last October’s bear market lows.
Across the 40 inputs to the Technical category, there were zero upgrades and nine downgrades.
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