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.
Well, also check out the American Oversight list here:
https://www.washingtonpost.com/opinions/the-other-huge-scandal-mueller-brought-to-light-this-week/2017/11/01/5e05a458-bf4c-11e7-959c-fe2b598d8c00_story.html
Great fodder for Milbank.
Nice cat…
Art's take is basically consistent with ECRI's. They've put out numerous updates and articles citing the cyclical upturn in leading indicators well before the election, e.g., here.
@Bitzer, AQR LSE and EMN are both closed to new investors anyhow. But fyi, in case they reopen, they were available at Fidelity (and maybe other brokerages, dunno) in IRAs for $2,500 minimum and even less in group retirement accounts. See the Fees &…
“Haven't seen anything on whether she'll stay on as a member, rather than chair.” Not a snowball’s chance. She can probably pick her place anywhere in academia - here or abroad.
Guess we can look forward now to hearing what she'll be doing.
@hank, Yellen's 4y term as chair expires in Feb; she's not being fired or resigning, just not being reappointed for another term -- altho reappointment to a second term has been the pattern. Apparently Mnuchin was a Powell champion and won the day -…
Let's take this to it's logical conclusion. Why stop with "rich people"? Cut taxes for everyone and in no time at all the increased revenue will result in so much revenue we won't know what to do with it all!
Just think what a 0.000000001% flat tax …
Thanks AndyJ ! Where in these reports would it describe income and distribution? I see yields, NAVs, Total returns but not Income/expense info.
Not sure which report you're looking at, but it's apparently not the one I'm referring to. It's called "U…
I agree but I do not think that is the general opinion of most people and financial advisers and certainly not what is in most advertisements for mutual funds. M* ratings are usually the only featured information piece of any fund ad. Most people t…
Zippy, are you aware of the monthly Pimco earnings reports on its CEFs? They're the best real-time info on NII and UNII, which can give out early hints of trouble covering dividends with the income the funds earn. I don't know if they would've helpe…
Can't open it, but if the quoted text is indicative of what's in the article, all the analysis shows is that mean reversion is alive and well at some level - not exactly a brilliant revelation.
The comment by M* about its star ratings is correct; t…
A different take on the mini-selloff, focusing on PCI: the thesis is that slight ticks down in the rate of NAV appreciation were the trigger. (Could apply to most Pimco CEFs.) The author traces the phenom back a few months.
Imho, it's a little hard…
"Actually Ted... the Powers That Be prefer an introduction or some comment within the post, not from the linked article, but from the original poster. I remember you agreed to this, and it was part of a settlement regarding some members objecting to…
Something to add to the reading list: a good article from Alpha Gen Cap on Pimco CEFs: see the part about GAAP accounting's limited applicability to funds that are more total return-oriented/positioned, e.g., with big slugs of non-agency mortgages .…
@davidmoran, two things:
(1) Some investors have had Pim multisector CEFs in general close to hair trigger for a few months now, because the monthly UNII/earnings reports have been showing lower distribution coverage - and this month's (which came…
The Bhansali-Foster interview is right up there with Consuelo's best.
I'd look at PBS World; it's the earliest & most convenient broadcast in my part of the country. Of course WT's also online, no weird broadcast times to deal with.
To add something a little different -- for measuring the health of an economy from the residents' POV -- GNP is supposed to get at it better than GDP. Krugman wrote about it in the case of Puerto Rico recently, and more in detail, in a piece about I…
Mainstay's PR holdings, last I read their commentary, were all insured debt, in contrast to Opp'heimer. The 1m total returns reflect the difference: MMHAX -0.59%, OPTAX -2.65%, ORNAX -2.88%. M* shows the HY muni fund category with a -0.60% return fo…
That's a sweet one, Bee. My '87 Toyota p/u turns 30 on Halloween. I'd pay up for a new one just like it (well, maybe a hybrid gas-elec this time), and be good on motor vehicles for the rest of my days -- but they stopped selling anything similar in …
Okay, since we're off topic anyway, I'll add that my dad took me to my first MLB game - the first Colt .45 game, in '62, an offensive show against the Cubs. The one mental picture left is Al Spangler's triple to the corner in right in the bottom of …
I recently wrote them about the faulty stock/fund search box at the top of every M* page (on the old site), and received a reply that M* is no longer fixing problems on the old site, in order to concentrate on the beta site.
Beta's still under con…
RNWIX holdings as of 7/31:
72% Emerging
14% US (Total of 6 holdings, two being Carnival Corp Lines and Royal Caribbean)
6% Frontier
6% Foreign Developed
2% Cash
For anyone who's interested, I spoke to Rondure Cust Svc the other day to ask when…
Per the Aug 31 stats, those are the four, and discretionary is the laggard. My question is why it wasn't knocked out by the poor momentum factor. Was energy the other sector in the top-5 value department, and so it was the one knocked out instead of…
If you haven't observed the Seven Sisters through a pair of good imaged-stabilized binoculars, you're missing a treat.
https://en.m.wikipedia.org/wiki/Pleiades
Tennyson (quote's in the Wiki piece):
Many a night I saw the Pleiads, rising thro…
By some cosmic coincidence, I just went window shopping at an online medical supply store -- and then I checked out the account registration page, which proudly displays an "Equifax Secure Site" mini-banner. I hope they're re-evaluating their securi…
Had an inkling it might be the same Morgan Cr. James Taylor made semi-famous in his song "Copperline," and it is ... song's a memoir of growing up half a mile from said creek, before it was "all spec house and plywood, tore up and tore up good." Kin…
Good stuff, Hank.
Speaking of earlier NASA work, there is a fantastic, outstanding new documentary out on Voyager. Was on PBS this past week, repeats on Sept. 13, and can be streamed here.
Carl Sagan's lines about Earth as "a mote of dust suspen…
Al on M* brought this up; according to his post, "institutional" means not listed on an exchange. (I know nada about buying preferred shares retail, so I'm no help on this.)
Why not ACWI?
VMV's got more small & mid caps, and it's currency hedged. ACWV (which I think you're referring to, the min vol option) is mostly large caps, and not currency hedged. I assume the hedging difference is what's mainly responsible for…
And there I thought it must be a Josh-ism about dancing a while with evidence till you figure out what's significant about it, or something like that ....
@davidmoran, just checked and we do indeed have a BoA in these parts now - apparently not until fairly recently - out in the sprawl zone. Have not seen/heard of significant local contributions, which banks in particular tend to advertise loudly and …
Most people have access to a locally or regionally owned brick-n-mortar bank or CU; there's no reason to have $ with any mega-bank, including WFC. Local/regionals in my experience are far more customer- and community-oriented.
The one where I bank,…
Considering that it's up ~ 65% ytd, I'd say it's about time to take some profits. Sorry I missed the run - was waiting for it to dip below $200 ~ Feb, and it never did.
