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Reply to @johnN: As for China, this is an interesting scenario, and I do think the scenario is worth some consideration. Additionally, the latest book from Satyajit Das ("Extreme Money") is worth a read.
http://www.businessweek.com/news/2011-10-17/…
Reply to @CathyG: I think my only concern with making "contrarian" bets on underperforming managers is that they could get cheaper: if CGM Focus is turning over its portfolio even more rapidly than usual, it could continue to have its timing be off.…
Reply to @Investor: So do I, but this is a market where we have heard countless times that "there's a plan", "China is going to bail out Europe" - then it's "China doesn't know anything about bailing out Europe."
Just BS rumor after BS rumor desig…
German finance minster says no definitive solution at 10/23 EU Summit.
http://www.reuters.com/article/2011/10/17/markets-forex-idUSL5E7LH16L20111017
HAHAHAHAHAHAHAHA....
Rumors, then zip. It's "Peanuts" finance, with Peppermint Patty continually p…
LOL. "You have 8 days to fix a crisis years in the making." (Looks around) "Eight days good with everyone?" (small voice in the back) "Why not 7 days?" Everyone else: "Ok, eight days it is, then."
Reply to @CathyG: Some short covering, some thought that Europe is magically fixed (as noted in another thread, there's magical realism and this is "magical mathematics", this is really feeling like both.) Also mix in the dollar taking a fairly dece…
If you feel you have too much equity risk, then you can dial that down into this. Otherwise, I would definitely not sell all equity funds. I wouldn't be heavily equities, and I wouldn't be heavily bonds. I think in this environment one has to have a…
Reply to @catch22: This has been a VERY bad year for allergies in many areas. I've been pretty bad at times through the Fall as well.
I do think Investor's suggestion of balanced funds is good, although I particularly like FPA Crescent out of the …
Reply to @CathyG: I do believe that the BRICS will have a slowdown at some point as well (although Wilbur Ross had a surprisingly - even to him, it seemed - positive report from China this morning on CNBC.) That said, these countries may be a good l…
I think the most interesting element of this is the Romick portion, which is apparently going to be a different approach than FPA Crescent. Otherwise, the other portions are available elsewhere. Neat fund, though.
Actually a very positive report from Wilbur Ross (currently in China) this morning on CNBC, although he said they were angry about the currency bill from Congress and would consider taking dramatic action. Acted like things on the ground there were …
A few thoughts:
If things turn South in a significant way, we really cannot be counting on other countries like we have. Other countries have their own problems, and it would not surprise me if various countries start selling out of necessity, such…
I really do not plan on making much (if any) changes for the remainder of the year. I think one has to continue to have equity exposure, although I would lean towards flexible funds - I like what I see with Marketfield (MFLDX) and I have a few other…
Sorry to hear about your experience with CAMAX - it happens and you move on. Everything is a learning experience, and there's always something new to learn with investing at any age.
That said, I was a little surprised, given the retirement/near re…
Yamada has offered other interviews since at KWN, as well. It is PM-heavy, but I think King World News (which was always an informative website) has really make impressive improvements recently, getting interviews with the likes of Harry Markopolos …
I'd be rather concerned if this turns out to be a significant indicator, as it was a few years back w/subprime.
http://www.zerohedge.com/news/primex-time-next-subprime-trade-has-come
Reply to @redwing: One would really have to research the details of it, but Kansas City Southern rail has a preferred share which yields about 4.5%-ish.
Reply to @Shostakovich: I don't think anything would really surprise me at this point, but I guess if you continue to see the kind of short (and shorter) term mentality regarding investing continue and you continue to see more retail leave the mark…
Reply to @CathyG: I went into a bank a year or so ago and they didn't even have 6 month CD rates posted, someone had to go and dig out a sheet from somewhere. Now the same bank is showing 0.15% for a 6mo CD. That's really not even worth the effort t…
Analysts are always bullish and if not they're flat. Buffett's "Buy American...I Am" call was also in 10/08, I believe. I don't think the market is going way lower, but if it's whipped around by rumors of fixes long enough without a satisfactory fix…
Reply to @CathyG: I think it's really tough - Managed Futures funds really do have the potential to gain during tough periods, but on the other hand, don't expect them to go to the moon during good times either. It's the risk trade-off. Arbitrage is…
News Headline Summary
Citibank (C) to charge USD 20 monthly debit card fee to some customers, according to NY Post
US STOCKS
http://ransquawk.com/headlines/173182
Others saying the $20 is an overall account fee, but holy ****.
http://www.myfoxhou…
Reply to @CathyG: TEGBX has not fared as well this year, but I think I'd (I don't own it, but if I did) I'd be adding at this point. Manager Michael Hasenstab is not only a skilled manager of debt issues, but has demonstrated skill with currency ma…
Fairly large spike, around August 2008, then it remained elevated "above 30" until around the Spring/Summer of 2009.
http://finance.yahoo.com/echarts?s=^VIX+Interactive#chart2:symbol=^vix;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcva…
Reply to @Accipiter: I think there are a lot of managers who stand to profit from Europe. I believe David Einhorn also has sovereign CDS. I'm looking forward to reading the Lewis book.
Reply to @Maurice: Yep. That's what I've been saying since fundalarm.
But hey, the market just went up about 370 points (from -220 to +151) within the span of about 45 minutes or so. lol. Healthy crackhead markets.
""Harvard-educated" (maybe Harvard forgot a course) "
They forgot a course in gold diggers, taught by professors Kayne West and Jay-Z.
(kidding...)
Additionally, speaking of rappers for those who haven't seen it, "Chappelle's Show" did a brillian…
Reply to @CathyG: Unfortunately, I think things definitely could get worse and I'm disappointed to see things really appear to deteriorate again over the last week or two - but you have to have a plan (whether buy/sell) and stick to it and keep thin…
Reply to @johnN: It's an issue of Greece and the institutions that will be effected if they default, and a potential "domino effect" with other countries. However, the banks in this country still have massive issues. There was a great interview with…
Dryships down nearly 14%. (DRYS). The stock was well over a hundred in 2008. It's now $2. Things turn South further and I think the dividends stop getting paid. FRO (Frontline) also down nearly 15% today.
