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.
Ah, the Europeans and diplomatic subterfuge. They've been doing it for centuries, so much better than we'll ever be. Venture into their labyrinth of reasoning if you dare, at your peril.
BIS probably has their hands on many more levers than most kno…
@expatsp
Yes, I've been invested in DLTNX, DLFNX, and DLENX since close to their inception. On the "outside," I'm in ADBLX and RNDLX. Nothing huge, or hugely overweighted in any of them (except for RNDLX, which has come to hold more than the others,…
@Maurice Well....now that you mention it...... since I go to MarketWatch so rarely (if only because just the thought of MW makes me a tad dyspeptic), I don't recall doing a blanket block of that site for beacons & cookies with my Ghostery prog…
Hey, guys, and it's AUGUST--- an extra pergative! On occasion, Jaffe will sink his teeth into something and do a little useful digging; otherwise, as long as one has a good supply of rolls in the bathroom, there is no reason to pay a visit. :)
And …
@JohnChisum Yeah, someday we'll have to chew the fat about ACCNX. To manage that holding with the greatest efficiency, there are some extra things ya need to watch that ya don't usually need to do. Still, it's a rest easy kind of fund, with a level…
@JohnChisum Are you referring to ACCNX? I recall you mentioning that as one of your holdings. I own both ACCNX (which, because of its conservative nature, I currently clump with my intermediate-term bond funds) and ADBLX (which, I assure you, is a …
7.1B, with 1.2 Trillion outstanding--- ooooh, scary. And, or course, for every buyer there must be a seller, so it's only a matter of a price decline and spread widening. And what was that overall decline? From circa 106 .... to 103 something, still…
Combine markets long-disconnected from fundamentals with rampant steroid misuse, and this is what ya get. They don't come in to work asking, "how are things going on the oversea exchanges?" or "has anyone made the coffee yet?"; the first question of…
well, at the present price of 27.18, and assuming no dvd reduction/suspension (min. risk) until 5/16, back-of-envelop calculation gives me a "call risk" (total impairment of capital, if it were to be called then) of..... about 2% (getting 3 qtrly pa…
Last time I looked, its debt rating wasn't so hot. Given it is trading at premium, are you pretty sure there aren't negative scenarios, that could occur in the near-term, that would prevent them from having enough to cover (like financial system dis…
@rjb112 Oh, you see this not infrequently happen, sooner or later, with the bond gurus (I dunno why. "penis envy"... deep down inside, they want to swing their dicks with the stock boys too?). But in these cases, he really only is managing the bond…
@rjb112 I think the AR refers to "Absolute Return." Many names of their "enhanced" stock equity index funds were altered from TR to AR, last year (or maybe late 2012), to indicate a change in orientation for how the fixed income overlay would be ma…
@rjb112 I've been in LSBRX since 2005. Last week, giving the most recent portfolio a little closer scrutiny than I usually do, I was struck by how.... tapped-down it seemed. Consistent with what Sven has posted. I've heard him say something very si…
@Lukemon
Why, yes, as a matter of fact, I have thoughts all the time, some of which I consider, too. Thanks for asking. ;)
If you think it is well worth the time and energy, then considering this shift is probably a good idea. Feel free to share wha…
But why does it have to be one or the other, when it's possible to have both? From today's TheShadow post, on a new fund's registration: Catalyst Tactical Hedged Futures Strategy Fund. [in 3 yrs, perhaps a fund only a mother could love?]
@VintageFr…
Last time I looked (I think earlier this year), OAK's original investment in DoubleLine was still solid (about 20% ownership) and providing a visible part of their total revenue stream.
@Maurice @Accipiter @chip
OMG, this means Maurice's suspicions were correct; he actually was censored, for his "foul language"..... literally, by the proverbial (and now not-so-imaginary) Ghost in the Machine.
The meta-real Hall Monitor has been fou…
Oh, Hosanna! Liquid Alt Indexes, for "benchmarking purposes," no doubt "for the sophisticated investor." Is it not likely that, in 3-5 yrs, these liquid alt indexes probably will have all the meaningful substance of liquid (alt) stool? And yet one c…
@Mark "KKR hasn't always been the model of corporate credibility..." Hahahahahahaha!
I just happened by the Tortoise funds website last week and saw they had eliminated two of their CEFs and shuttled their assets to other CEFs they run (which are…
May the demise of this brilliant fund serve as downlifting inspiration to the many other zombie funds staggering around the landscape. (Psst--- just let go, you'll feel so much better when you do, as will your investors, so much better).
@Maurice
Perhaps, to move from the standard/approved area of activity into this special zone of recent contention, you are required to obtain a special pass. Have you consulted with the new Hall Monitor about this?
@JohnChisum
1. It is not a vaccine, it is a drug.
2. It is really only a drug in the FDA definition sense, not as a lay person would think of it; rather, it is an antiviral monoclonal antibody (in this case, probably a collection of them) produced b…
@David_Snowball
If you "win," by whatever standard you use with your portfolio, more often than you lose, does the "not every year" thing have any meaning?
I believe the meaning of the "not every year" thing would be somewhat contingent on how much…
@bee Bee, what's come over you? Are you now considering becoming a currency trader? For cryin' out loud, that would not be compatible with hovering over our parent's medical concerns (which can turn on...a...dime). Gotta remain nimble, you know.
When close family friends of Warren Buffett told him, in 2003, they had purchased a house, they said he had expressed dismay. Later, he told them, "Ah, about that house, don't worry too much; if you live in it until, oh, around 2014 or so, you'll pr…
Ah, yes, the Fidelity New Millenium Fund, another good example (and, apparently, getting better) of how a fund, given enough time, can "reconstruct itself" by erasing history and memories.
I remember giving this fund some consideration in the mid-0…
@David_Snowball
And a side footnote that might baffle grammarians of all ages, for all ages: your first sentence. (sigh) Perhaps, it may be time for the dreaded red pencil to make a comeback. :)
If you simply must have your daily dose of sloppy scholarship, then IBD should be your primary preferred pharmacy. They will never ever short your prescription.
@AndyJ Agree. That white paper is a fairly recent posting; apparently, The Professor did a last-minute check and was able to capture a little polish for his review. Perhaps we should start a thread, just so MFOers don't overlook a thorough, data-ri…
@Mona oh my, I hope you were sitting down when patched thru, to reduce the risk of personal bodily injury. And surprised you were able to maintain your poise; if Morty had picked up the line on me, I'm afraid I'd have sounded like the proverbial vi…
@Ted
Thanks for posting. I was not unaware of the problem of UNII for some of the CEFs, but I was entirely unaware that it could get sooo bad (bottom paragraphs). They must be remarkably good at finding just the right language, in describing perfo…
