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Quick comment before i head off to meetings --
Using SeekingAlpha data regarding yesterday's pricing:
VIIIX -20.32 (-7.58%)
PRGSX -3.00 (-6.91%)
VMVFX -0.89 (-6.46%)
So ... yeah a big loss, but on an absolute basis it did technically …
@rforno Maybe these are not normal markets, but isn't that the point for owning such a fund? I don't want a fund like this to mimic the market during extremes (up or down)...well I am OK with extreme upside correlation...instead, I want a fund lik…
During 'normal' periods, VMVFX has been fine. However, when you have such a violent and immediate equity selloff across the board, all correlations go to 1 and I would not expect any equity fund to perform noticeably better than others. Sometime…
Just posted in the overnight-potentials thread....
Futures opening down 3-4-5% based on variety of factors, from COVID-19 to the failed OPEC talks. Crude futures are down 30%, the largest one day drop since the 1991 Gulf War.
Monday trading will…
Futures opening down 3-4-5% based on variety of factors, from COVID-19 to the failed OPEC talks. Crude futures are down 30%, the largest one day drop since the 1991 Gulf War.
Monday trading will probably be a global bloodbath.
He also went big into Ukraine debt a few years ago - not sure how that turned out, as I was long out of the fund by then.
My impression is they made big bets on Argentina and it really burned them.
I like concentrated funds. Less chance of falling into closet indexing and marching w/the herd.
Plus it's easier to analyze things, vs a fund with 300+ positions of sub-1-percent amounts, which I consider pointless holdings anyway
Binary options are options for pikers who just want to gamble in the markets. "Will ABC go up or down by the end of the day today? Cast your bets now!"
No serious trader uses them.
Policies aside (which I disagree w/Bernie on many of them) one of my rules of thumb for presidential candidates is would I want to have a beer with them -- Bernie, sure. George W? Sure. Biden? Yes. Bloomberg? Sure. Ryan and Romney? Yup. Even perhap…
"Select your state to continue evaluating and monitoring which stock investments best meet your needs."
... give me a break. Your stock investments are not dependent on what state you live in, Betterment.
At the risk of being political, will Bern…
No, I viewed it as short-covering heading into the weekend, just in case anything happens to kick the markets higher for next week. Nobody wants to be caught flat-footed or too far on the wrong side of a trade/market momentum when the markets re-o…
The former trader in me totally saw the "rip your face off" action into and after the Friday close (when the futures ROARED positively higher) -- given this week's action, it was pretty predictable imho. And RUMINT was that there might be some co…
Started positions this morning in BCE, CSCO, and EADSY in my trading account as they've gone on sale and blown right thru my desired buy points. (Already hold CSCO in my long-long term account.)
Opened position in WRK last night, too.
All set…
Same here. I've started nibbling and have a few orders out for stocks that have suddenly dropped into my target buy zones for some new (or enhanced) long-long-term holdings.
Sold out of one of my fairly recently-bought REITS (OPI) for a small profit and a few quarters of dividends. Been wanting to reduce the number of REITS I own in taxable.
SPX is well on its way to hit price levels from July 2019.
1.3M SPX eminis moved already by 945 this morning. To me that suggests right now is more panic than rational hedging. But that's just one opinion.
Urge to start nibbling rising.
Well, Azar did come from big pharma, so .... gotta give back to one's family, right? *grumble*
plus we will have to let the market work its magic, again
Alex Azar, Donald Trump's health secretary, has told politicians he cannot guarantee that a c…
Tweety Amin just announced a COVID-19 news conference at 6PM. 6PM? Really? I question the timing b/c they're likely trying to mitigate the likely continued market drop when nobody believes what he says. The Asian open should be interesting this ev…
We're nowhere near 2007 yet.
When the Dow was -800 as the TARP vote was failing / failed in DC during the throes of the crisis, I felt a sense of existential dread about the system coming apart, even as I was trading futures around it. A few dow…
Yup. See my previous post above yours. Will continue to nibble as appropriate
lots folks especially near retirement has bailed long time ago. probably best to have 50/50 if near retired/retired
anyone buying today or next few days once the dus…
It's all about maintaining their power - over activity (DC gridlock unless they say otherwise) and the judiciary (rig the game in case Dems do manage to sweep back into the lawmaking majority). The country & citizens & long-held romantic A…
Exactly. Raise the IRA maximums to match the 401/3K plans and now you've effected some real reform.
We have enough options to save - IRA, ROTH, 401K etc. etc.
How passing a new alphabet going to help the mainstay of this job market - service worker…
Epic stock buying sprees by mom and pop investors, mostly on momentum stocks making headlines .... gee, where have we seen this story before and how does it end again?
(disclosure: I'm an independent registered voter)
No modern candidate of either party will be able to do what they are pledging w/o also having the support of both houses of Congress...so this is just eveyone selling voters their "line" or "set of …
Desperate move to get more peope throwing money (recklessly) into the stock market to keep them up at 'record highs' heading into the purported slowdown ....and of course 2020 elections.
Cutting MPW (REIT) loose after a while to lock in approx 6 years' worth of dividends via cap gains. Will buy it back on any major weakness, though.
Also dropping JBGS (REIT) for a 20% gain as a 2-year trade on Amazon coming to my block.
It was going bad for YEARS. I'm still not sure if they ever got all the data problems worked out .. but after a decade+ I quit a few years ago, and the forums there are a shadow of their former lively selves --- many of the regular posters there,…
I have no concerns with anyone, myself included, who has 20% or less in cash. If you're ALL in cash, you're definitely missing out on market returns ... but I always prefer to have some dry powder to buy into weakness on things I want to own or w…
Call me a fool -- albeit one who sleeps well at night -- but i don't give a fig about beating the indexes. The indexes are topheavy with momentum players and subject to all sorts of pressures from funds and ETFs which make them (to me) artificial …
Funds? RWMGX, PRWCX, CWGIX, VMVFX, and FKTIX (the latter given to me as a teenager)
Stocks? EPD, SO, VZ, CNI in *very* significant amounts for many many years, dripping.
Yes, yes we are. Folks are petrified of germs these days ... and I bet more children are falling sick b/c their parents sterilize the hell out of their existences to 'keep them healthy' which in turn weakens their body's ability to fight off 'norm…
Yes, but insulin is 'boring' compared to 5G. I'm sure PhrMA would scream about it, too.
US Govt should also take stake in Insulin producing companies. They are blackmailing the population into higher prices - production manipulation compared to de…
