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The title changed; my post is not related.
mmm...so any time someone starts discussing politics, we are going to change the title?
This is why politics should not be discussed on an investment forum and since one side posts about it 4:1 or 3:1 more…
Without realizing it at the time Lou of WSW is probably the reason I got interested in Mr Market. It was must watch TV every Friday for me.
And same here.
I once was a Democrat. During the years with Clinton and Gingrich the Newt as House Speaker, uncle Bill was just OK with moving to the Right. The Repugnants used to be Republicans. There are very few true Republicans remaining. In fact, if they're s…
Yes… I took my equity holdings down from 80% to 55% … 35% is currently in money markets and 10% in bonds. I plan to keep this allocation until we either see a significant selloff or we get past the election.
...Or we get past the election. Ya, th…
Ya, we have accts. at a couple of different credit unions on the island. We use them as different savings-sleeves for different goals. Plus, if Schwab goes down, we can do x, y or z at the other places.
Let's just hope that they don't keep fal'n...
FALN was flat on the day.
My other two junk funds were up a touch. Everything else was down--- except TS Tenaris--- which bucked its own trend. Still down -13% with that bugger.
The Hill:
Walz owns no stocks, real estate, securities. "Mr. Clean." Jeepers.
https://thehill.com/homenews/campaign/4816341-minnesota-gov-tim-walz-financial-disclosures/
Actually, I dunno what that tells me. Maybe that he likes T-Bills?
That's a ton of money, and it's not in the Market. We all know the FED has been tapering off with the bonds on its own balance sheet. But these have to be MASSIVE numbers. I guess it…
Volatility. It's real. I still don't LIKE it. When the election is behind us, that might help. Warren Buffett owns more T-Bills than the FED now. What does THAT tell ya? Oy.
No argument, but good luck to us on that. Last time that I looked there was neither a major candidate for president nor a major political party saying anything of the kind.
Until there's a crisis ready to fall upon us imminently, nothing gets done, …
Gotta point. Yet The Orange Criminal did assert, falsely and ridiculously--- that Harris is responsible for the latest 2 or 3-day market meltdown. Not a word out of his mouth corresponds to actual reality. From that angle, such remarks in response a…
In the account I babysit for a colleague, I emptied his PRTXX MMF and bought PRFDX. I'm re-growing cash now in my own account, after buying BHB the day before the market tantrum, yesterday. The Market sank last Friday, too. I'm confident it will bou…
I’ve been reading the lastest book by Lawrence McDonald, “ How to Listen When Markets Speak: Risks, Myths, and Investment Opportunities in a Radically Reshaped Economy”.
Very interesting, a cautionary tale. Very worthwhile…particularly now.
+1.
Jus…
Latest poll shows her overtaking Trump by a still very slim +1.9%.
https://projects.fivethirtyeight.com/polls/president-general/2024/national/
But of course, elections are won State by State (still!) in this crazy country.
Politics and military stuff has been mentioned above, as a piece of the macro-picture.
From the Jordan Times, out of Amman:
https://www.jordantimes.com/news/region/iran-says-expects-hizbollah-hit-deeper-inside-israel
No one wants to include Cornel West. But he's in the race, even if as a pre-determined loser. Because of the silly State-by-State election process, and because Hawaii is locked-up tight already by the Dems, I just may vote for uncle Cornel, because …
https://www.hawaiinewsnow.com/2024/08/02/no-tsunami-threat-hawaii-following-large-earthquake-off-philippines/, learning and re-learning stuff on this thread. Thanks, all. And @Junkster knows junk. Time to exchange my junk for something else.
@Cras…
Mr. Market always overreacts, both to good news and bad. I've seen this movie, over and over. Still, the upcoming anticipated rate cuts does set the table for a new regime. Keep a close eye on those corporate earnings, and employment numbers. "The U…
Regarding that lily white business I'm just wondering, was he always orange or did he just suddenly become that?
Somebody should look into that I think. I, of course, don't give a flying eff but it is weird.
LOL. Such wit. Thanks.
Shapiro looks li…
02 Aug '24: Scarlet Fu, in for David Westin. He's in Aspen. But he did have a segment today.
Mike McKee started, giving a Big Picture view of developments today. Sensible, easily unpacking stuff that could be expressed in a more arcane way... He's …
@Crash
Yields will be falling, even if gradually, while bond share prices rise
My favorite place to be with bonds, being falling yields = rising prices, this is when the money is made in this sector.
No argument here. I just made the choice to grab…
02 Aug, '24:
https://www.bloomberg.com/news/videos/2024-08-02/bloomberg-real-yield-08-02-2024
Austan Goolsbee, Chicago Fed President. He was pressed and pushed back. Reading between the lines, it seems clear that he's hinting that cuts (plural) wil…
@Crash , you noted:
Not the time to buy into a Core-Plus bond fund
Why this comment?
Thank you.
I figure, on a day like today, everyone and his uncle will be running into the safety of bonds. (Watching Bloomberg, my idea was confirmed. Today, bonds…
Fido’s site was uncharacteristicly slow when I placed several orders shortly after the open today. Maybe a lot of “dippers” scooping things up?
Gotta be. System would not keep up. That's why my money had to be freed-up MANUALLY.
Balance screen may update overnight only. If you cancelled an order, and if the system allows it, you can buy with those funds. I have margin, so these transient issues don't arise - there won't be a margin impact.
+1. Gotcha. They fixed it. :) I …
Markets tumbling. Change of plan. Not the time to buy into a Core-Plus bond fund. But my fav. regional bank BHB is on sale. Just bought a slug of shares. Money is out of the MMF now. Yields will fall. Just a bit of cash leftover. I'll keep it availa…
Crash, Not a buying opportunity for your want list?
Actually, yes: WCPNX. In a week's time, I'll sell FALN and merge that $$$ into WCPNX, too.
Other buys: I caught ET at $15.95 just the other day. Feels like I got a great price, considering the …
