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.
@Sven- for years I believed that I was the most cynical of the MFO group. Now I'm not so sure. :)
Well. I think there's still a healthy difference between skepticism and cynicism. But when I grew up in Missouri, that "show me" attitude was still tak…
Where were we?
Oh yeah . . .
I did do some shopping Wednesday when the 10 year treasury rate jumped up.
If those rates can keep from levitating, I think we might be bouncing around a little less violently until we start seeing numbers measuring…
I bought TIAA's TSBRX in January as part of my effort to move more of my IRA into bonds.
It's off 4.82 since then. But it had a lower rating (BBB) and a longer duration (5.88) than the rest of the bond funds I bought. So, I'm not surprised it has f…
As discussed in many threads around here, corporate America learned nothing from the last two crashes. And in fact, like the kids down in Florida, they just kept partying harder.
So it's not too surprising to contemplate things getting worse when y…
New jobless claims numbers came out today.
Initial jobless claims increased by 70,000 in the week ended Saturday, March 14 to a seasonally adjusted 281,000, marking the fourth biggest jump for jobless claims on record back to 1967. It also brought c…
Just another chartist.
As the chart below shows, investor sentiment, according to an Investors Intelligence survey, has fallen into the bottom 10th percentile of readings, which has been a good indicator of market rallies during the past decade.
A …
Does anyone go to a spring break destination seeking wisdom?
My wife was talking about such people earlier today. She reads articles about how hard it is to communicate the situation to these young people. I reminded her that we never went to such …
I haven't read any negative comments on M* from the financial press. But I haven't been looking for them either. Neither do I spend a lot of time in the market blogosphere, like Seeking Alpha.
My own observation is that their home page has lost it…
Hi, WABAC.
Simply typo. Or braino. "way from the trough in a bear."
The key is that bear markets tend to blow past fair value on the downside. The trough, or low point, of the market tends to be when stocks are selling at a substantial discount to…
Oh.
Well.
My snarky answer is that it seems to be big enough to raise yields on the ten year bonds.
this is interesting to me because it provides a sense for how much ammunition the federal government may wind up using.
I can see 10%. It's an…
hi David. I do not understand "but way back the trough in a bear." I understand that there is still room for bad news -- or something. Just never heard it expressed that way.
What else can be way back the trough? Is this a common phrase in some pa…
@WABAC - SBUX begs to differ on the not buying back their stock part. I grant that it might not be with cheap borrowed money but who knows. And really, could there be a better time if a company is looking to juice its earnings/share figure?
Depends …
Oh.
Well.
My snarky answer is that it seems to be big enough to raise yields on the ten year bonds.
this is interesting to me because it provides a sense for how much ammunition the federal government may wind up using.
I can see 10%. It's an…
Is there a case for that, that the outlook for corporate earnings is better now than in 2016?)
You could try digging around on this government data site.
Or, here's one news account that makes me think the answer to your question is no.
Corporate…
Vanguard's utility index (VUIAX) jumped 13.17 in my taxable portfolio. My broker no longer makes it available for less than the minimum.
USAA's precious metals fund (USAGX) led my IRA at 12.07. That's pretty much a break-the-glass fund. If I never…
so what's the bottom line?
It's only objective if you believe in charts.
The chartist at the link thinks we're over-sold. But he's waiting on some other chart indicator to buy.
I agree on the fiscal angle. As do most of the people quoted at your CNBC link. Lots of pithy comments there in general.
My favorite:
Clemons said he doesn’t see signs of a market bottom forming but he does see consistency with the crisis markets o…
@WABAC -- agree, that's actually a good way to put it. I blame AMG. Frankly their international is a stronger relative performer than their global.
M* calls their global fund an international large cap value. And in that category it's the best of …
Hey there Hank. You need to talk to Olivia Newton John first. Sweat bands. Spandex. Leg warmers.
Sheena is a Punk Rocker was more my style in those days.
Pretty much what I was thinking.
But I was sort of wondering if they had ever nailed down the process somewhere that it could be examined.
Justification by faith alone perhaps.
Maybe lots more pain for 2 -4 wks, at least until numbers covid19 stabilize or go down at least usa/eu...severe contractions globally at least short terms
There was a time when I would have said something like "a firm grasp of the obvious". But giv…
YTD Should one buy the big gapping declines of 4, 5 or 6% on a given day or abstain? Normally I’d say buy. But this global health issue throws us into unknown waters.
I was thinking about buying today, until the Fed, and the Pres, intervened.
M…
last 11 days down ~12%, SP500 down ~10%, bond sauce aggravating things rather than the opposite
But oh, those monthly dividends just keep adding more shares.
All my figs are from M* graph of $10k growth, so includes divs, not that it is computed …
Bernard Baruch supposedly said that he made his money selling too early.
It's too late now to seek to preserve principle, or make gains, unless you have cash you think you can deploy wisely to some positive end.
You have to hope that your over-al…
last 11 days down ~12%, SP500 down ~10%, bond sauce aggravating things rather than the opposite
But oh, those monthly dividends just keep adding more shares.
Hi Anna. Try eBay. You might be able to get local pickup, or faster shipment. Seems to be plenty available. But I didn't look too hard at the price.
Good luck.
