MarketWatch: Jim Cramer ... Stock Market to Hit Skids! From the Cramer video:
--- but come July 28, he expects the market to start rolling over,” he said. “Given that the expanded unemployment insurance benefits from Washington expire at the end of the month, well, I wouldn’t be surprised” if his call turns out to be correct.
>>> With the above in mind, why wouldn't one just sell equity today (July 16) and avoid the rush. Move the proceeds to cash, or better yet: to AAA bonds. Your choice.
NOTE: On April 15 and 16, I had a small body temperature spike. I put this aside as a reaction to the nasty allergy season at the time. But, perhaps I had contracted a muted COVID
condition. With what is now being reported as a possible ongoing symptom; maybe I now have "confusion" for clear thinking. Being a possibility, what I wrote about selling equity now may not be appropriate.
Regards,
Catch
MarketWatch: Jim Cramer ... Stock Market to Hit Skids! Jim Cramer says ...
“The charts, as interpreted by the legendary Larry Williams, suggest the S&P could climb another 4% or
5% over the next two weeks, but come July 28, he expects the market to start rolling over,” he said. “Given that the expanded unemployment insurance benefits from Washington expire at the end of the month, well, I wouldn’t be surprised” if his call turns out to be correct.
https://www.marketwatch.com/story/cnbc-mad-money-host-jim-cramer-uses-this-chart-to-predict-the-exact-date-the-stock-market-could-hit-the-skids-2020-07-15Old_Skeet has been in the trim equity mode for the past month, or so, due to my barometer's extremely overbought stock market reading which keys off of the widely followed S&P
500 Index. Currently, even though I've been trimming, I'm overweight on the equity side of my portfolio but reducing my equity holdings as I write.
How Did Members First Find MFO? IOW What Got You Here? I think I found it after trying to figure out where an M* writer got off to.
Mike Lee? Stan Lee? Used to cover ETF's at M*. Wrote a couple of pieces here.
I don't follow ETF's. But I always enjoyed reading his stuff.
I believe you are referring to Sam Lee who is a talented writer. Like you, I also enjoyed reading his
Thanks for the tip. I'll check it out.
Four Areas For Superior Returns In Credit Markets https://www.fa-mag.com/news/sweet-are-the-uses-of-adversity-four-areas-for-superior-returns-in-credit-markets-56845.html?section=68Sweet Are The Uses Of Adversity—Four Areas For Superior Returns In Credit Markets
/At peak spreads in March, the market had priced in an implied default rate as high as
50% (current levels imply ~3
5%). Since then high-yield and investment grade corporate bond issuers have been busy issuing new debt and restructuring existing debt in an effort to provide them with additional liquidity as the economy works though the major recession caused by the COVID-19 pandemic. In addition, state and local governments are experiencing severe shortfalls in sales and income tax revenues and face severe budget challenges as they reach fiscal year end June 30 and plan budgets for 2021./
we have private May/Macy Corp bonds, they sent letters corp action trying to redeem at much cheaper rates for what its worth...think many retailer companies are doing same thing or get new notes structured....unless economy open back
50% or fully these companies cannot stand in sidelines for too long ...
How Did Members First Find MFO? IOW What Got You Here? 19, 20 years - were has it gone. As for Janus, I tell myself I wasn’t caught up in the 90s tech mania because we didn’t have cable and it wasn’t a topic of discussion at work but in reality I had money in 4 or 5 Janus funds. Worldwide, Special Situations, Janus, Janus 40.
FPA New Income, Inc. limited availability to new investors as of August 1, 2020
How Did Members First Find MFO? IOW What Got You Here? Helen Young Hayes, manager of JAOSX and its older sibling JAWWX (Worldwide) was a headliner in the 90s.
The once-vaunted Janus Worldwide has seen a remarkable reversal of fortune. It was once one of the most well-known growth funds around, and with good reason. From its May 1991 inception to the peak of the tech/media/telecom mania in March 2000, it nearly tripled the cumulative return of the typical world-stock fund. The fund's asset base peaked at close to $45 billion then--a close second at Janus to flagship Janus Fund (JANSX), when the firm was the hottest shop in the fund industry.
It's been all downhill for this fund in the past 12.5 years [i.e. the whole span from 2000 to the date of this piece in 2012], though. Like many Janus funds, Worldwide fell sharply to earth in the 2000-02 bear market as its portfolio of growth darlings was hammered. Just as the market and the fund began to rebound, longtime lead manager Helen Young Hayes retired in mid-2003.
https://www.morningstar.com/articles/568579/janus-worldwide-to-merge-into-janus-global-researchWhere she is now:
https://www.activatework.com/about/our-team/
T. Rowe Price Short Duration Income Fund in registration This fund appears to be a short term core
plus fund, if not a multisector fund:
The fund may invest up to 35% of its net assets in corporate bonds, bank loans, and other debt instruments that are rated below investment grade (below BBB-, or an equivalent rating), commonly known as high yield instruments, by each of the rating agencies that have assigned a rating to the security or, if unrated, deemed by T. Rowe Price to be below investment grade. The fund may invest in securities issued by both U.S. and non-U.S. issuers, including issuers in emerging market countries.
Contrast that with PRWBX's
prospectus:
The fund will only purchase securities that are rated within one of the four highest credit categories at the time of purchase by at least one major credit rating agency or, if unrated, deemed to be of comparable quality by T. Rowe Price
Are Critics Right? Is It Time To Dump Your 401(k) Account? Hi sir
@_DerfHaving reviewed article again, think many folks have misconceptions regarding taxations and 401k. These vehicles are still effective if you continue to contribute right amount and limit future taxation. Whether this may hold we don't really know. But having roth-ira and using tdf/bonds/mf vehicles maybe some of best ways to save moderate amounts of future taxation while generating good incomes...
we do have all these in our sep-ira [bonds and vanguard_204
5]. Hope these are right approaches.
We still don't know if our 401k may face increased taxation next year [or maybe just vague news to misconstrue presidential candidate]
How Did Members First Find MFO? IOW What Got You Here?
Thanks
@bee. I would never in a million years remembered till I saw it in your link. Back in those days I was Dateliner. Those were the days and datelining was the closest thing ever to a free lunch on Wall Street.
Investors face ‘a scary, out-of-whack’ scenario
How Did Members First Find MFO? IOW What Got You Here? If I had a dollar for every time msf has been found to be incorrect I'd now have a grand total of about 25¢.
10 Best-Performing ETFs of 2020 You did look at what this list comprises, right? Of course you did.
Because it seemed wack to post something like this in a sensible forum like this. What is the point? JN does this kind of thing automatically, like a headline-based bot.
Perhaps the monthly commentary should have a section on leveraged ETFs and CEFs and such, where you can lose 70% ytd, as
@Rbrt points out, or make
50% in two-plus weeks. Whaddaya think?
How Did Members First Find MFO? IOW What Got You Here?
What’s next after market surge? http://mobile.royalgazette.com/bryan-dooley/article/20200713/whats-next-after-market-surge&template=mobileartWhat’s next after market surge?
Jul 13, 2020 at 11:02 am
Bouncing back: stock markets including the New York Stock Exchange rebounded strongly during the second quarter
Due largely to unprecedented government stimulus programmes, global markets recovered strongly in the second quarter. The S&P
500 gained 20.
54 per cent while the MSCI World Index recovered 19.
57 per cent, marking the best quarterly performance is 1998. Initial gains in the consumer staples and healthcare sectors were followed by a recovery in consumer discretionary stocks. Meanwhile, information technology remained a bright spot as the Nasdaq touched a new all-time high.
Got article from friend.
Reasonable assumptions and input regarding current market conditions...maybe good to consider adding to health care and biotechnology & tech for near future and intermediate longer terms
Hedging for election cancellation and/or refusal to leave All rather useless speculation and panic. Having known many high ranking military folks ( Colonel and above), I am confident that they love their country and the democracy and while they will tell you they will follow "legitimate" Presidential orders, when Trump looses, they will not follow his orders after 12:01 January 20th
Espey's recent comments and extreme reluctance to get involved int he protests shows that even Trump loyalists see to have a higher standard than "Donald told me to do it"
I think that is why Roberts has been such a centrist and so carefully crafted compromise 7-2 opinions recently rather than 5-4. He knows the Court's credibility is at stake and once it looses the confidence of the public nothing it does anymore matters.
