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.
Charles the most honest poster anywhere that never tries to pretend (like you know who here) There is nobody I wish success for more than you. Hope you have a prosperous 2016!!
Hi Old_Skeet:
After the close on January 4, 2016 I will be 100% cash and will remain so for the foreseeable future. Unlike many knowledgeable posters on MFO my actions are very "unscientific" and I do not advocate this move to anyone else. Briefl…
Fixed income cef's with low/no junk corporates, and munis of the lower IG/non-IG persuasion have beaten the S&P 500 pretty handily. Many muni, preferred, and mortgage-heavy cef's are up roughly in the range of 6-12% (some even better), and HY mu…
I am yet to meet any "smart money" traders. Back in the 80s and much of the 90s this indicator was among the best at calling tops and bottoms. Except then it was the "dumb money": indicator. Meaning, in bygone years the present reading would be s…
@VF - I know you saw it coming, sorry to offend. I asked Charles because I thought he was one of the believers.
I have to wonder though if Mr. Buffett has been right all along. Just stick your money in an S&P 500 index and go live your life. If…
Nice commentary. To keep things in perspective, the average high yield corporate bond fund is down 3.83% YTD per Morningstar. Not exactly end of the world news. But as I said a few times here, I hope it gets worse, much worse. That wish alone pro…
The debacle in junk bonds has been more than telegraphed and commented on here in the past. The worse the better if that means another 2009 where the average junk bond fund was up 40%. Also, while the *price* of HYG may be at July 2009 levels, the…
MUB, though, was up, and on greater than avg. volume, but nothing like the HYD volume anomaly (if Yahoo & M* are correct). Something specific to HY munis, about, say, private activity bonds or Puerto Rico? Tax selling after Monday's dividend pay…
Dex, why I hate and never trade the ETFs. The junk munis ETs (HYD and HYMB) suddenly took a big hit late today (and on extraordinary super high volume) Must be some news? There is usually a one day lag between the open end and ETFs so will sell …
You might scan the original author's recent title list to get some perspective on him and how much weight to assign his forecasts.
David
Way ahead of you on his ilk and those in Vendorville. These dream merchants who "train" traders and pander tra…
Energy, commodities, and related have tanked in 2015, junk bonds have had a rough go of it, interest rates already rising on the short end of the curve yet the Dow, S&P, and especially the NASDAQ (up over 7%) hanging tight. Better to listen to…
I am not biased so here's some positive news on the MLPs. I just hope the "after the fact" brigade here doesn't come in later and tell us how they bought more near the lows.
http://blogs.barrons.com/incomeinvesting/2015/12/08/a-pause-in-mlp-negat…
Another really, really ugly day in the junk corporate market. My worry is a credit crisis in this market could spread to the junk muni market if only because of guilt by association. Also, oil weakness could also impact the muni credits of some are…
@Junkster Bought some Junk yesterday on down draft.
BGH
Oil And Gas 17.17%
10/31/15 Fact Sheet
http://www.babsoncapital.com/funds/closed-end-funds/babson-capital-global-short-duration-high-yield-fund
Reminder
DoubleLine Total Return Webcast titled …
Energy Transfer Partners and Equity bouncing after $42 million in insider buying (http://seekingalpha.com/news/2971446-energy-transfer-companies-bounce-after-insider-purchases)
I've been hearing all year about how *wonderful* an investment is in the…
heezsafe, a 0.75% to 1% decline from highs and I am out. Will reload depending on market action. Why are you not taking a bow for your post below a few months back on the highly touted MLPs?
http://www.mutualfundobserver.com/discuss/discussion/co…
This is one of the longest threads I've seen since I've joined and I still can not find the mutual fund I should be buying or selling.
If you have come to this forum or for that matter any forum to find out what you should be buying or selling then…
Holding up well a bit misleading as they are more than just holding up. They are beating most all the equity index and category returns as well as leading the pack in Bondville. Some of the better managed open end junk munis are up 4% to 5% YTD. …
And ETE down over 57% from its earlier high this year and EPD down 40% on top of the aforementioned KMI 62%. Not affecting my junk munis whatsoever though. I had said that just maybe the so called experts will be proven prescient in their call for…
TSP_Transfer, not as high powered as ABTYX and others, but can't disagree, PTIAX is a nice conservative fund. I looked at it at one time but my style of trading prevents me from buying any funds with short term redemption fees. Same with PTRMX. H…
I don't see high yield munis above - last year's top performer with total returns in the mid to high teens. Up 3% YTD with little to no volatility while the better ones ala ABTYX up over 4% and PYMDX approaching 5%. Thanks in no small part to the…
In high school I was always a bit of a cutup. I was in French class and asked to be excused. Instead of going to the restroom I just roamed the halls. I learned JFK had been killed from the school secretary and before it was announced on the PA sy…
Upon further review, it looks like ASHAX has struggled as of late like most of the HY sector. Maybe some of those energy purchases are hurting performance? I'm still very intrigued with PMZIX and contemplating whether to go with that or DBTLX as a m…
Better yet to be in high yield munis such as ABTYX or PYMDX. That category was the star in 2014 ( EIHYX NHMRX) and again this year albeit more muted and without the volatility of the corporates. Yes, trends do persist. Some of the (so-called) ex…
@TSP_Transfer: Thanks for the lead on PTIAX. It's an interesting looking company and group of seemingly smart managers. I have much regret about getting into RPHYX and RSIVX after acting on what I read on MFO.
The Crowd by Gustave Le Bon published…
Old_Joe thanks for the compliment but I am not a valued information resource here if only because I am too out of the box especially when it comes to the conventional wisdom on compounding one's nest egg. One reason for that is in my 20s and 30s I…
(all marketing to the contrary).
And I thought I was the only misfit here!!! Meanwhile back in the real world in bondland, it's much the same as in 2014 with the high yield munis leading the way. Some of the better ones up 4% YTD.
Edit: Heav…
So we are suppose to buy commodities based on some gold bug whose flagship fund (PSPFX) has lost money over the past 1,3, 5, and 10 years?? One of my luckier moves in my trading/investing lifetime was staying as far away from commodities as possibl…
Hank, was going to post this but sounds a bit like a drama queen so will just post it hidden in this thread. I am going to delete this fine forum from my computer. Great as it is, it takes up too much of my time and the off trail hiking season at…
>>>I read into both your approach (and Junkster's) an interest in anticipating market moves in advance and taking decisive action to protect assets or take advantage of opportunities. That's not everyone's cup of tea. But I'm sure it works …
Nice post above Old_Skeet. As of last night's close I am 98.8% in cash after selling two bank loan funds. My 1.2% is in IG and will bail on that if it trades down to the 7.90-95 area. You could be spot-on about the upcoming earnings season.
The ETF returns above are price only and don't reflect dividends. It' still not a pretty situation but not as dire as portrayed, at least for the bond related ETFs.
