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.
Correction...HCP was also up. Actually, it has been strongest holding during recent chaos.
REITs have held up quite well over the last few days. O has done very well, as has WPC and BPY (although BPY is a real estate MLP.) O actually up about 4.5%…
@scott, are you referring to the 130/30 funds which are typically leveraged for returns?
I guess the idea is more that I would not expect a long/short fund to change - or be nimble enough - to take advantage of a 4-5% correction. A mutual fund isn'…
If you expect alternative funds to reposition themselves suddenly in order to take advantage of a 4-5% drop, you are going to be disappointed with a lot of L/S funds that are already mostly long. These aren't hedge funds and they aren't going to be …
@Scott. Love you man.
What Scott said.
Thanks, both of you. It's just the idea that, you own your best ideas. Everyone's best ideas are different and that's great. Everyone invests differently.
If you own anything that you picked up on a whim, it'…
You mean ZIRP and trillions in QE didn't create something sustainable while you have a congress that wouldn't agree that 1+1 = 2? lol.
"Asked whether the world's largest economy will be strong enough to justify an interest rate hike by mid-2015, he…
People who want to follow Icahn can buy IEP (Icahn Enterprises), which is an MLP that offers exposure to Icahn-owned companies and hedge fund. I don't trust Icahn to do anything more than look out for Icahn - he's not going to tell you when he's sel…
You own your best ideas. You own things that, on a day like this, aren't going to tempt you to hit the sell button and you consider buying more of. You own things that pay dividends and just reinvest through periods like this. All you can do, really…
lol. Market down a few %, Fed runs to the rescue. I thought they wouldn't run to the rescue unless the market declined a good 15-20% or more.
I believe that I read somewhere that AA is going to impose surcharges for both seats and seatbelts. Also, a…
Keeping. As reality sets in a bit, the fund has held up quite well. The fund makes a very detailed case for its views in its investor letters (including discussion of the fund's current long/short themes and why, as well as honest reflections about …
I'm getting ready to install a new air conditioning unit here. There are sensors that detect human movement so if you leave the room the unit turns way down. Other sensors detect levels of sunlight and adjust the cooling up or down depending. It's…
LLJB is close. Trouble is that people scoff at things now which become mainstream and "can't-live-without" items in two or three decades. Of course, the rate of technological advance is speeding up.
I recall the first remote-control televisions i…
A good link.
I've been looking at utilities funds for when the time comes. I don't hear much about them here. Anyone else contemplating them?
As for the bond plays, it has been said over and over that short duration bonds do better in rising rate…
I do think the iWatch will possibly encourage NFC use more from the standpoint of it's even easier to move your wrist past a transit fare machine than it is to get out your phone. As for the hotel room key, I think it's a lot like a retailer who has…
Glencore bought up much of Viterra (they bought up Viterra, then sold off some of the assets I believe to Agrium and others) and what they didn't own of Xstrata. Now going after Rio Tinto. Interesting. Hopefully buying Rio Tinto will go much more sm…
Passport Capital, LLC
Impala Asset Management LLC
Lyrical Asset Management LP
Sirios Capital Management, L.P.
Kynikos Associates LP (http://en.wikipedia.org/wiki/James_Chanos)
Very interesting fund, given the portions I bolded above. Very expensive…
I like how people laughed like they thought he was kidding. ("The audience reportedly laughed, and Bernanke responded: “I’m not making that up.” http://www.foxnews.com/politics/2014/10/06/ex-fed-chief-bernanke-denied-loan-to-refinance-his-home/)
That's one of the funniest things I've ever heard. I thought Gross was “a 70-year-old Justin Bieber.” (http://www.forbes.com/sites/steveschaefer/2014/06/19/pimcos-bill-gross-in-his-own-words-im-a-70-year-old-justin-bieber/)
"Switching to the markets, stocks are getting crushed. The Dow Jones industrials have fallen 1.6% from last month’s record high. Is this the beginning of a much steeper selloff?"
If falling 1.6% is "crushed", best hope we don't get an actual "Armag…
I seriously doubt the utility of a Sentiment signal to project future equity market rewards. From my perspective, the data and subsequent analyses attempts have collectively failed and are conclusive. Amen. The various Sentiment Indicators yiel…
To me the key is that the manger's investments be consistent with the fund's stated goal that caused us to invest in it in the first place. BB repeatedly says his first rule is not lose money. Digging a huge hole every couple of years and then takin…
Here's a broader thought regarding retail.
I do not like to invest in retail. Tastes change. Technology changes. Simon Property Group had a really interesting slide in one of their presentations not that long ago where it showed the top 10 retailer…
I agree.
What has changed at RSH that will make this loan any different?
Maybe they are just buying time.
Until they can figure a way out.
Break, break.
Think Bed Bath & Beyond is doing well.
How about FrontGate?
BBB is doing well, but the…
"THIS is the real reason most people should invest in Index funds. It is not active vs passive. It is about us thinking we have this magic formula where we will always buy a fund that will only go up. "
There is no magic formula and people can't co…
What he is doing with a number of positions feels to me like gambling
Everything is some degree of gamble. However, I think what truly defines gamble in this sense is making an investment (and putting a large part of the fund in it) that works or d…
Throwing money at the problem doesn't fix the situation here. Radio Shack, through the passage of time, just has become no longer relevant. Maybe there should have been a name change at some point, who knows. If you need little electronic accessorie…
http://appleinsider.com/articles/14/10/02/apples-iphone-6-6-plus-reservations-in-china-reportedly-hit-2-million-in-first-6-hours
This would coincide with the reports that customers were scrambling to buy iPhones that were smuggled in at black marke…
“Common and preferred stock in Fannie and Freddie slumped in response. But the breadth of the ruling, and the likelihood that other courts will come to similar conclusions, mean the shares probably have much further to fall”. WSJ
http://blogs.barr…
@mrdarcey, I'm surprised at that too. I can probably guess the Ebola patient in Dallas is top news at the moment. But this is a important story as well. Over here it is the top story.
Ebola and Secret Service. I'm guessing markets might get som…
Sears to raise $380 million from sale of Sears Canada shares
http://www.marketwatch.com/story/sears-to-raise-380-million-from-sale-of-sears-canada-shares-2014-10-02?link=MW_home_latest_news
VF, so I am not an expert but here is my thought. FAIRX owns preferred. So if preferred won't pay a dividend, my guess is that it is worthless and was priced as such. However, FAIRX and others bought preferred a while ago hoping to sue the gov an…
The railcar manufacturing/refitting companies such as Greenbrier (GBX) and Trinity (TRN) certainly took a hit today. I would think such companies would pass on higher costs to their customers but the market doesn't seem to agree.
Dang re: TRN. Cana…
So much for "Energy Independence". Why don't we simplify things, get rid of Congress entirely, and just vote for our favorite oil companies and Wall Street barons?
lol. As if congress has accomplished anything in recent years. As for exports, look a…
Y'all reckon Fairholme will decline less than 5% today?
Looks like it may decline 5% today.....maybe more.
Place your guesses right here, before the market close......
I'll guess 3.1%.
Edited to add: WOW. I was way off, probably should have tak…
http://247wallst.com/energy-business/2014/10/01/enterprise-products-sets-up-for-crude-exports-with-acquisition/
"Once the November elections are behind us, it is almost certain that U.S. oil companies will turn up the heat on Congress to permit the…
Whatever happens the oil will get to where it is needed. The activist greens didn't want the pipeline because of the possibility of oil spills in the waters. The trains are doing the pipelines work.
Thanks @scott for that info on the KM pipeline. …
