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.
ARTKX is run by former Oakmark alums and seems to have beaten OAKIX at its own game.
Glad you brought up ARTKX, LB. Haven't thought about it in years; it was once a kingpin in the portfolio. Samra is still there after 20 years, it's open after being…
Those RY guests weren't too positive on corporate junk, more positive though on IG corporates.
I did find it interesting that Kathy Jones, who I usually think is quite good on this stuff, said in the rapid-fire round that given J. Ferro's question …
I like the term the Blackrock lady referred to, for the level of yield that'll attract a critical mass of investors to (IG) bonds: the Yield of Dreams.
"Expanding the court looks like the only way, filling the new seats with sane jurists"
Yes, but that would require a Democratic president and a pretty strong Democratic majority in the House and Senate. If the Republicans are successful in their cu…
"They wouldn't be taking that state legislature case if they weren't going to take a wrecking ball to the overall electoral system"
That's what I'm afraid of also. If they do, how will we ever unwind this sabotage?
Expanding the court looks like th…
They wouldn't be taking that state legislature case if they weren't going to take a wrecking ball to the overall electoral system we've had since 1887 (passage of the 17th Amendment). Anyone else notice they don't recognize amendments beyond the Bil…
It’s difficult to decide which of the two assertions made by the CCIA – that strict liability is “ill suited” to software or that “innovation” is the defining characteristic of the industry – is the more preposterous.
Good piece, @Old_Joe.They've g…
TBO scam victims: please see the link @Old_Joe provided below (look for the bright red characters!) to request access to the private group that's been set up for folks in your situation.
Coming this late in the year it's not much benefit to those who receive RMD-s monthly.
I think that's what the "eligible for rollover" provision fixes. Anybody who took RMDs out before the bill passed can redeposit the amount they took out without p…
M* classifies HSGFX as long-short equity, which from the portfolio, it is. He's basically short the broad market and long his specific picks. If his picks do better than the indices, like this year, it works: up ~ 15% ytd. HSAFX is for sure less vol…
RPIEX has been hedging its bond portfolio. Dunno if that's what they do all the time, but for now that's the reason it's making some $ while the rest of the FI universe gets whacked. It's reasonable to own now, but it's not typical, so the case for …
sma3: I don't understand why fund managers stay locked into positions like this, especially for "conservative" funds.
Maybe most of them don't have hedging in their prospectuses, or, as Jeremy Grantham is fond of reminding us, if they're not runnin…
@larryB, hard to know, but until today it was looking like Mr. Market wanted to blow up rates to price in the whole Fed dot-plot of what the situation may be at the end of the year, by the end of the month. It was probably overdone, with evidence of…
sad for that bay area report.
i appreciate the busses here on oahu. if your destination is along one of the main lines, it's very good. but do you need to connect to number 4 or 5? you'd be smart to bring dinner along. shit. like waiting for godot.
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I took BART a few times soon after it opened, 1972 or 1973 I guess it was, and it was slick and fast and clean and uncrowded; I thought it was outstanding at the time. I s'pose the funding didn't have a chance of meeting the maintenance and equipmen…
Friday and today the S&P 500 has been flirting with the YTD intraday low (3636), staying above for now. How it goes from here could be big, at least for the near term.
@Old_Joe: I'd forgotten this, from earlier in this sordid story: "They could already be in trouble for falsely representing, before the search, that they had turned over all documents responsive to a subpoena."
I'm recalling one of them signed an a…
My wife wonders if maybe, just maybe, one or more of Trump's legal crew might deliberately have slid a knife deep into their client's back, knowing that he wouldn't have a clue as to what was happening until it was too late.
I like the thought of a …
Small buys of ICLN and TAN, put in orders for 13 wk and 26 wk T-bills for Monday's auction. Conservative port = 10% risk assets, 30% hold-to-maturity short maturity T's and business promissory notes, 60% cash (FZDXX 2.30%, SPAXX 2.01%).
Ha, @Crash. We might have been primed to think that since the one prominent use of "staggering" in the media in the last few days was the NY AG's using it to describe the level of bank fraud by TFG.
I do like that TIPS Watch site. And thanks to th…
Sometimes I forget that our best comedians are often the best place to turn for a digestible view of current events, e.g., Colbert on Trump's troubles yesterday, first 8 minutes of this clip. (The other few minutes are a good Putin slam.)
What is he recommending to get the 9%? The article is behind a paywall.
Not sure about that article specifically, but in his webcast a week ago, his emphasis was on Treasuries and agency issues delivering bigtime after Fed rate raises are ~ over.…
Great news, @Old_Joe. Yep, the 11th is supposed to be one of the most conservative, they've come through for the rule of law, and both Trump judges were on board with it.
The icing on the cake? The NY AG's filing a civil suit for $250 million agai…
