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.
James Paulsen is a Perma-Bull and his opinion should be treated appropriately. He was persistently bullish during the ENTIRE bear market of late 2007 into Early 2009 and kept arguing that the market was inexpensively valued, as if that made any dif…
CNBC's ratings began to fall the day(s) Mark Haynes died and Erin Burnett left. With Mark Haynes there was a modicum of pretense about being a business news program and reporting items that may have investable content. With Joe Kernan assuming Hay…
Very misleading article, typical of Smart Money (a misnomer is ever here was one). Yes, if you are not invested in equities you have missed the rally over the past two months since the market hit a ST bottom in early June. However, if you look a l…
The extreme right-wing political diatribes by Joe Kernan, Michelle Caruso-Cabrera and Rick Santelli, the constant breathless stock-market cheerleading, and the attitude that corporate American can do no wrong and should be permitted to wreak havoc u…
Reply to @bee:
Your anger toward the Dodd-Frank legislation is misplaced. The problem resulting in a 2000 pages of useless legislation is not Senators Dodd and Frank. Rather, it is the entrenched system of lobbying, er, I mean, legalized bribery…
Thank you, Skeeter. I will visit the site and set it up. I am so frustrated with trying to use and access Yahoo Finance that I have thrown in the towel on that site. Small wonder Yahoo has been in a slow death spiral for the better part of a deca…
I retired twelve years ago at a relatively young age and the first thing I did upon retirement was to take out a LTC health insurance policy. At that time, I had a clean bill of health (no pre-existing conditions, no prior hospitalizations or medic…
Market valuations in 1982 (deeply undervalued) are vastly different than they are today. Anyone who believes and invests as if we are on the cusp of a long, secular bull market must be seeing something I am not.
Reply to @scott:
We will undoubtedly see a QE 3 but even Helicopter Ben knows that this will be futile. The quants, high frequency traders and Pavlovian dogs will jump all over it, we will get the predictable rally in the stock market, etc. Howe…
Reply to @scott:
With regard to "Where is the retail investor?" you are spot on when you state that QE 3 will not get the retail investor back, anymore than QE 2 or QE 1 did. Helicopter Ben still believes that if he drives interest rates toward z…
Reply to @scott:
Dr. John Hussman has been saying this for the past four years (Hussman funds). Basically, true deleveraging has never occurred despite whatever one hears from the talking heads on CNBC. Until the large banks, brokerages financial…
To help put Jim Stack's InvesTech Research calls in perspective, I have subscribed to his newsletter for the past two years and I can say that his indicators are relatively insensitive and will only begin readjusting portfolio holdings and/or raisin…
andrei:
In his recent quarterly letter of December 2011 Jeremy Grantham states the he believes fair value for the S&P 500 is 975-1000, i.e., the market is 25% overvalued, and that current levels are being sustained by corporate profit levels th…
Comments on the above posts:
1. 'Investor' is correct with regard to Bill Nygren's results with OAKLX over the 5-yr period from 2007 through 2011. His fund is down -3.3% rather than the -15% I had claimed. I apologize for my error.
2. My point i…
Bill Nygren is a contrarian indicator. He insisted that most of 2008 was a great buying opportunity, all the way down, and he thought financials were a steal and backed up the truck. This is the genius that held an 18% (!!) position in Washington …
Reply to @AndyJ:
Being short anything, especially to this degree (23% position), is a risky proposition indeed. With shorting a currency you have to get two things right: you have to select the correct currency to short and your timing has to be…
Unless you believe that 2012 will be a rip-roaring global bull market or, at worst, trade sideways, avoid both junk bonds and emerging market bonds. They are clearly "risk-on" assets and when equities tank these two sectors will do likewise, althou…
It has gotten too large and can no longer invest in many of the smaller, "off-the radar" countries and bonds that accounted for its outperformance for nearly a decade. Happens all the time ---- e.g., Fidelity Magellan, Dodge and Cox, Fairholme, etc.
YACKX is an excellent choice. Other funds I would consider are:
1. ARVIX Aston/RiverRoad Independent --- managed by Eric Cinnamond, formerly of Intrepid Small Cap Value.
2. FPACX FPA Crescent
3. BERIX Berwin Income
4. ICMBX Intrepid Capital
5. …