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Ominous other years in the quadrant in that chart where we are now; the other two began long downturns. 1931 we all pretty much know about; 1969 was the first down year ushering in a decline that didn't break until 1982.
@Mona, for me, I'm not familiar with ARTKX's more recent iteration; my experience was pretty far back. I liked then how it was positioned, with some U.S., quite a bit of UK and Europe, and odds and ends of riskier fare, using a more relative value a…
"Not sure what the full thinking is on the subpoena"
Yes, interesting. Maybe just a shot across the bow to Show Up or Shut Up. Either way, not good for the sTrumpet.
I didn't realize until they referred to it today that the cmte has had 30 Trump in…
They laid out a good case for a seditious conspiracy charge for DOJ to essentially copy. Not sure what the full thinking is on the subpoena for TFG. It would be kinda fun, though, to see him take the Fifth a hundred or more times on national TV, but…
@AndyJ, I believe that ARTKX closed to new Investors some months back.
Good catch, @Mona. I was going by M*, which shows it open, but the Artisan site says closed. Oh well.
I owned some ARTGX for a while too, but back then (must have been late Bush…
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…
