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.
But, are they planning to make changes to get back on track?
I do not hold MFLDX.
" Our belief was that symptoms of economic overstimulation would prompt a movement away from defensive
asset classes and equity groups toward those that would benefi…
Bob C is correct.
From MFLDX's new letter:
"As orthodox policy continues to migrate toward the once unimaginable goal of inducing sustained inflation and weakening currencies,
more of the world’s central bankers are being drawn into the melee. …
I got back into APA today. Fingers-crossed we're near bottom.
A lot of energy looks cheap.
A see SHLD had yet another bad day...
http://seekingalpha.com/article/2729985-photos-empty-shelves-at-sears-and-kmart-as-vendors-get-squeezed
SHLD as we kn…
Hussman's funds have been effectively market neutral for a while, with (I believe, I haven't looked lately), near/all of the holdings hedged. The options strategy seems overly complex and I'm wondering - if Hussman's stockpicking is actually doing w…
Good stuff. Thanks Ted.
I think one reason my Roth has outdistanced my Traditional IRA over the past 5-6 years is that I leave it alone and seldom, if ever, "tinker" with it. I don't know if that strategy works under all market conditions, but i…
Too many people are over confident. We may have a black swan event coming. As far as I can see we have a confidence game ran by the government. Complete with price fixing. When this bubble breaks and I hope it does sooner than later, no one can get …
BNS is - as you noted - Canada's most international bank. However, they still have significant exposure to Canada, which may be in some trouble if commodities prices continue to tank.
Short-to-mid-term I think there could definitely be some bumps f…
Gold +3%. I - as well as I think many others - doubted that people would vote for a return to anything resembling a currency backed by gold or anything else. The Swiss are all too happy, it seems, to peg to the Euro.
"There is also another consideration in this as companies like GE have a healthcare component within them but they are classified differently. Toshiba is another company like that as well as Siemens. The latter two are not SP500 companies but I adde…
http://www.zerohedge.com/news/2014-11-30/retail-disaster-holiday-sales-crater-11-online-spend-declines-nrf-blames-retail-fias
Bloomberg with a surprising amount of truthiness:
http://www.bloomberg.com/news/2014-11-30/u-s-consumers-reduce-spending-b…
@Scott. Do you have a link to the webcast? I could not find it. Thanks.
http://psav.mediasite.com/mediasite/Play/38bd46228861499a9c64cad3f28138d91d
"FIDO shows PRHSX (TROWE) as "closed" to new investors even though it is "open" at TROWE. Any ins…
Have a number of individual names and both CEFs and a mutual fund. While there may be volatility in the short/mid-term, take a look at the performance of some of the major biotechs, which actually did well in 2008. I think you have a combination wit…
@LewisBraham,
I agree completely and funny enough we were discussing the same about healthcare not too long ago.
mutualfundobserver.com/discuss/discussion/comment/50872/#Comment_50872
Obviously Emerging Global Advisors wasn't able to generate in…
As expat noted, this is not a fund that will follow an index. Much like Fairholme, this is closer to a hedge fund that makes the bets it's going to make - it may take time, but it's the journey the manager wants and you're welcome to wait for the pa…
@scott I think David and others have adequately addressed Gruber's description of what insurance does, but I'll add one comment about Forbes' assertion that the law was designed to be opaque - how often did you hear that "we need to sign up enough y…
Thanks Scott!
You know I've been looking to get back in. Have not pulled the trigger yet. Something told me (ha!) we would go lower.
Gotta help airlines. Truckers. Hell, everybody that runs a machine. Manufacturing. Consumers.
Will help to furthe…
My view is that people have a right to health care (with some limitations, perhaps). I think where things go wrong is that you have this system where people can go to a hospital and be charged $25 for an aspirin. Obamacare is problematic but more pr…
I'm not as upset by the links but dismayed by the idea that, take away the links, there's the appearance/reality of far less activity on this board. The board continues to be a "club" for a bunch of regular members. Would be nice if there was a way …
Thanks.
From my post over the Summer (http://www.mutualfundobserver.com/discuss/discussion/13960/some-concerns-with-the-fracking-theme)
"Rice Energy Inc. (RICE), a natural gas producer with risky credit, raised $900 million in three days this mont…
Well, the drop in oil may - at least briefly - offset huge increases in healthcare/health insurance to the point where retail spending may be helped out this year.
If you want to play retail, just buy a credit card company or two. Think how many pe…
What, did they find some previously unreported revenues from hookers and blow?
Probably.
http://finance.yahoo.com/news/hookers-drug-dealers-could-boost-100000207.html
Still long OAK and BX, waiting for the spin-off next year from the latter, not putting more into either (although there's very little that appeals to me in general at this point, with things where they are.) KKR's fine too, I just ended up going wit…
I'm a little concerned about the "when everyone loves"-ness of Apple right now, but I think they've had a lot of wins recently and people are desperate for anything that resembles organic growth right now. Apple Pay doing well and the high end marke…
FAIRX Fairholme Fund performance over various time periods:
I think it kind of becomes how does one think of Fairholme? As a mutual fund or a hedge fund? To me, you have a fund that is now focusing on a few select situations where the fund believes…
With any positive movement next week, RPMGX in the tax-deferred account will hit the dollar value threshold for a haircut. I will add to my positions in O and WPC within the income sleeve. But both look pretty richly valued here, so I'm a bit confli…
Certainly, a camera phone is not going to come close to an SLR. That said, when you are looking at more basic point-and-shoot digital cams, what I like about the camera phone is the idea that there are so many apps, filters and other tools (Google C…
I bought THQ the other day after seeing the fund card. The article (thanks for posting that, as it's informative about all the funds in general) makes me feel a bit more satisfied with the purchase.
As of 2012, 1.7 Billion people had a phone but no bank account. This is particularly true in EM, where more and more people are making bill payments via mobile. The card companies are pressing the idea of basic banking in this country and elsewhere,…
Seeing more and more grocery stores locally buying new POS terminals after Whole Foods did. Talked to local Walgreens yesterday and they are finally seeing more NFC use from Apple Pay, whereas several months ago, when I used Google Wallet, people th…
As I've said in other threads, I sleep well at night because of 1) dividends. 2) a focus more on investing in "needs" (health care, energy, infrastructure, etc) than "wants" and 3) real assets. Wants are fine and over short periods can do exceedingl…
@scott, you hit on the "experience" or the ecosystem as I called it and was thinking, if Apple and Android have achieved critical mass in this sector then they would be assured that x number of customers will participate in every upgrade cycle. Tha…
One of the top ten alts is a long short healthcare fund. HHCAX. That must be an interesting one. I wonder what they shorted in this healthcare rally we have had?
That is a really interesting, odd little fund. It has done really well over the long-te…
. "Went by the Apple store and it was wall-to-wall with people buying "
Just by chance, I passed by a authorized Apple Store here in the Philippines this afternoon. We are in a large city to the south. The store was full. This is in a busy mall set…
