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.
We signed up for a free week of Discovery+ in order to watch a 4-part series. We were astounded at the number and frequency of ads. I assume if you pay double the intro rate, you get no ads. No interest in that, just a confirmation of why we don’t w…
Good points, OJ. I prefer grapefruit, pink or otherwise. Same difference. I do expect inflation, though much more tame, will not soon fall to 2%. But a recent check of airfares --- for summertime--- feels almost palatable.
He's certainly got his plan and is sticking to it. I look around and see a new Cold War with Russia and China. And Latin America? The street gangs and drug/gun cartels have more influence than actual gummints. Though I hasten to add that a criminal …
ORK. Ya. Not much , as you say, for the discriminating reader. I believe I've settled on a new home for some money now sitting in the Weitz core-plus bond fund WCPNX. Since we are being told by the FED not to expect so many rate cuts, and those cuts…
Yes, the House finally passed a CR. Senate expected to vote soon after. Then Prez needs to sign. I suppose we are in the clear... for now. Federal spending is out of hand, anyhow. Not buying, just riding the roller coaster. Dramamine required.
20 Dec. 2024.
Not much to say from me, this time. Good conversations, but no surprises. Junk still looks good. Also leveraged loans, bank loans. Stay very short on duration.
@hank WEA interesting. Big "cash" position, but looks like a ton of shorts, there. CEF. The predictability of monthly pay-out is a plus, from where I sit.
Lawsuit against the pollster and Des Moines Register fits with the ABC/Stephanopoulos case. The Orange Scum is deliberately intimidating the media. This is fascist behavior.
Justice still does exist in France. At least to this degree, unlike the USA.
https://www.npr.org/2024/12/19/nx-s1-5232766/france-rape-trial-verdict
And they still know how to help their own.
https://www.cnbc.com/2024/12/16/france-rushes-aid-to-mayot…
The whole Big Picture simply disgusts me. Repugnant Party has morphed into a Trump-cult, going back to his first election. I can't equate Dems and Reps as equally bad. McConnell, R. Paul, Chip Roy, K. McCarthy, M. Johnson, along with so many others…
Yesterday, 18th Dec, when everything fell out of bed:
As has been consistently the case, my "ordinary" junk bond funds outperformed my other stuff. They are my least volatile things.
Ten consecutive days down, in the Markets:
(PRWCX just paid big …
kakistocracy, indeed. Banana Republic.
But the majority of voters actually voted-in the kakistocracy. Which is very telling as to the collective intelligence and moral backbone of those voters.
**********
"So long as they continued to work and bree…
Yes, Mr. Market always overreacts. "The Street" expected more rate cuts than we are going to actually get. I could smell that coming. Maybe most of us in here? I suppose it was fortuitous that my biggest holding paid off for the year today. PRWCX.
Interesting article about the potential of bad drones. The local law enforcement is basically powerless in countering bad drones - they have to use secondary methods (traffic cameras, local intelligence, etc) to detect bad drones.
The only federal …
Bonds. For about a week or more, M* has suddenly decided that 36.16% of my bonds are unclassifiable. LOL. Nevertheless, their X-Ray numbers show my bonds earning me a 3.92% yield. A bunch of that is not up to me; it's bonds held in allocation funds:…
With the inflation being sticky, it is likely the rate will stay higher and longer with fewer cuts in 2025. One pundit mentioned there may be no cut next year and one or two cut in 2026.
Right, no one can say what will definitely happen, not even …
@hank : What remained of the wall was sold for scrap when Dems took control.
ORK? ?????????
OK, maybe the wall was a bad idea. A 50-foot-tall wall will only produce 51-foot ladders. But why not leave it up. Might not be the way the Dems wanted to go…
Also heard Giroux on Wealthtrack. Hard to keep up with him, but he does reassure me as an investor in PRWCX and only since Friday, PRCFX. Ya, I am probably doubling-down on his favorite stocks, but, WOW: After the switch out of PRFDX into PRCFX, my…
Saw Josh Brown there. Knows stuff. "Reformed Broker." And "Downtown Josh Brown." I'm instantly focused. Let's see what they all have to say..... Rieder: Focus AWAY from the noise. Dig deeper into substantial, deeper data, then make some judgments ab…
12/13/2024. Dani Burger is in.
https://www.bloomberg.com/news/videos/2024-12-13/bloomberg-real-yield-12-13-2024-video
The Market is virtually certain of a .25% rate cut this month from The Fed.
Rick Rieder: back end of the curve is not worth it. Ex…
From Crash, re: 2025: Market returns will be sub-par, or at the low end of average. Bonds might be just as attractive as equities. The economy is balancing on a colossal mountain of gummint debt. Tax breaks, or extended tax breaks for those who need…
