Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
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davidrmoran
I myself see a big pullback coming in the next six months but I don’t know that I have ever been correct over 45 years. I will put a lot of money in if a 10% pullback comes. I expect you r being prudent depending on how old you are. The thing is, if you’re young, you might as well stick it out and not try to time. He said.
You might want to study up more, way more, and not just UBI, to help put a small dent in your cynicism forcefield.
Or not.
>> The dismantling of the American Middle Class was not by accident, it was by design.
man
Yeah, what to do with the supposedly (usually mythical) undeserving, when life is still claimed to be Aesop-like.
http://krugman.blogs.nytimes.com/2016/03/15/return-of-the-undeserving-poor/
http://www.nytimes.com/2014/01/20/opinion/krugman-the-und…
Yes, good point, and I did write them a cordial and pointed email tonight before deciding, while I was still reading coverage. I may unpull the trigger tomorrow pending their reply. Not sure what they can say ... we were unaware of the scale and sco…
Since he's board head, yes.
Thanks for note on PRBLX trying to force indy chair. I just put in sell orders on all of our holdings, not small (for us). I can deliberate further during the day tomorrow and cancel if I come to a different place. I am …
Good ol' Morgenson. The board was diverse, almost half women, and two former regulators no less. Wtf.
http://www.nytimes.com/2016/09/28/business/wells-fargos-critics-aim-a-salvo-at-its-board.html
And Stumpf is such a liar. I'm nearing the PRBLX d…
That bothers me too a little bit (OCD), but for me is swamped by zero commish on everything.
@msf, obvs I have not studied the 50% bonus thing.
Amex Blue 'everyday cash' or something like that is 3% for supermarkets.
The more I read about the history and etiology of the WF churning,
http://blogs.wsj.com/moneybeat/2016/09/16/from-gr-eight-to-gaming-a-short-history-of-wells-fargo-and-cross-selling/
the more I am thinking I am going to bail completely out of PRB…
@msf, sure does.
Plus BoA mortgage.
Although I've never been cross-sold anything other than hit on for credit cards, which I probably would use if we did not get such high 'moneybacks' on Fido, Costco (both now visa) and the new Amex.
To me cr…
jeez, look it up
http://www.census.gov/people/wealth/data/
http://www.census.gov/people/wealth/data/dtables.html
http://www.census.gov/topics/income-poverty/income.html
Or you can go work for them and inform their ignorant statisticians / pollta…
Oh, sure, this is just to punish them institutionally, and emblematically.
Though it was sure a hell of a lot worse than a few bad eggs.
Most of the big banks now are ramping up their vibe and c/s and everything to a high polish. BoA is quite unbeli…
Of course they took action only because of the outrage; it's not as though anyone stepped up at any point, much less the laughable boards of these places, and said 'Wait, what? wtf? We have to do something, now.'
Yeah, this communication from P sounds thoughtful but feels more like small beer.
The latest about the laidoff / fired / retained is extremely troubling.
http://www.nytimes.com/2016/09/27/business/dealbook/wells-fargo-workers-claim-retaliation-fo…
http://m.mlb.com/cutfour/2015/11/19/157676550/vin-scully-called-college-football-at-fenway-park
Does 1949 debut count? My wife was born then, so I will ask her.
>> a striking resemblance to geometric average
right
>> you and many others don't care (yet).
Nothing for anyone to care about. The $58k or whatever it is does not weigh on anyone like some household or personal debt. What should be c…
@msf, at least 'average annual' attempts precision or something close to it, compared with 'average'. How would you define annualized?
@shipwreckedandalone,
It does not work like that; it's money we owe chiefly to ourselves. Not to defend the scal…
(MJG, I hope you read it as megawatts, no caps.)
@msf,
Webster's II, along with I believe III (not positive, in basement next to a dozen AHDs, which I should also consult), is hygienic about the terms, by my reading just now. Medial ('medial sum') …
As a working editor but not invariably a hardcore prescriptivist, I know that MW slips a bit every single year (I believe it's they who now permit strangled to death, gah, and also give miniscule as a variant of minuscule, or maybe that's just the W…
Yes, the hed pushes readers in the wrong direction, but working mathematicians actually permit median and average to be the same thing?? Wow, how extremely lame and discouraging.
>> Buying what is performing doing well and switching when its not is probably a better strategy for most investors.
All studies of this show that it guarantees lesser, aka investor, returns.
>> You buy stocks for less than their fundamental value, wait until that value is recognized by the market, profit, then rinse and repeat until you’re rich.
The CAPE algorithms seem to be bearing out the value premium, if I am understanding …
An expensive Leading Edge PC, later bought a 'ram disk' board and MultiMate, to match the Wang OIS system I used at work for tech writing. Soon had to learn various Unix (also Apple) systems at various later editorial jobs.
On his show today Ric Edelman gave a thorough WF history review, with detail, and called for his listeners to cease all business with them; not sure he has ever done that before, at least that I have heard. Hear.
@JC,
Of course in the abstract all of those sound mostly okay, but Rudy has shown his true colors to everyone, has he not?
(And the Don could subscribe to all of them too. Except for 7 and 13.)
@MJG,
Your wide-eyed responses (moi?) indicate that you need to know so much more than you do, it seems.
http://kevinbaker.info/americas-mayor/
Just a start.
That simpleminded political 'quiz' is by far the most simpleminded, indeed feeblemi…
Actually, correct: it cannot happen here --- we have way different fiscal policies. This stuff does not happen in a vacuum, right?
Other bad stuff, sure. But not what Japan did and experienced.
(LATimes)
\\ Although Rodney King was driving under the influence and was on parole for armed robbery, he was never charged. He was awarded $3.8 million in compensation by the city. King, 47, spent his multimillion-dollar award. He had frequent run…
I am glad to have your permission to query you about what something you wrote means, such as the completely empty (think about it) opening statement that forecasting is often wrong but not always. Yet now you say it has progressed. So which is it, i…
>> forecasting is hazardous duty and is often wrong. But not always.
hence perhaps not different from all such speculative behaviors ... "expectantly flipping coins is often wrong, but not always."
Spelling is Soviero.
I went with him early on and made a bit, and bailed only recently. One of my kids too.
Same for me w Heebner.
I sure would never guess that I had more patience than many investors.
>> retired ... the business altogeth…
