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.
From Markets A.M. newsletter by Spencer Jakab.
On this day in 1933, Albert H. Wiggin, former president of the Chase National Bank,
testified that his personal investment companies had borrowed money from Chase
to short-sell $8 million worth of its …
From Markets A.M. newsletter by Spencer Jakab.
On this day in 1989, Mitsubishi Estate agreed to pay $846 million for 51% of Rockefeller Center
in New York City, setting off hysteria among U.S. pundits, who claimed that America’s patrimony
was being…
"M* has often been reported as being slow to update."
I've noticed this in the past and have posted about it.
Portfolio Manager updates seemed to be timely in recent weeks (at least when I checked) until yesterday.
I use these memos as a source of advice and counsel and not as source of actionable items.
I feel that I am a more rounded investor for having read and learned from them.
FD1000 believes articles or stories must include information that is currently…
The red carpet is rolling out for Trump across the world — and there’s a reason.
It’s about respect and a desire to do business with America again.
You are misinterpreting events once again!
President Trump is emotionally insecure and he reacts
favo…
A few quick comments regarding the AI-driven suggestions listed above.
A shift towards a two-class system with tremendous wealth disparities —
greater than already significant disparities — is ludicrous.
The masses would revolt.
Local Universal Ba…
"The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. The Committee is attentive to the risks to both sides of its dual mandate and jud…
"Every capitalist enterprise looks only at the set of financial conditions
and predictions which will likely affect that particular enterprise.
None take into account the combined effects to or of the entire economy.
That's not a criticism, just an …
Spencer Jakab wrote an interesting article regarding spending by the AI giants.
These companies were formerly touted as being capital-light.
Amazon, Alphabet, Oracle, Meta and Microsoft are projected to have capital expenditures
of $354 billion coll…
From Markets A.M. newsletter by Spencer Jakab.
This day in 1929 became known as "Black Tuesday."
The Dow Jones Industrial Average plunged more than 30 points to 230.07, an 11.7% collapse.
At one point during the day the Dow was down 18.5%.
"MAGA idiots have been trained that it's 'us vs. them'.
Fully Duped took the bait 100%.
Everything Dems EVER did or will do is supposedly bad."
This is a classic authoritarian divide-and-conquer strategy.
FD1000 is fully indoctrinated into the MAG…
I am not adding to any U.S.-only equity funds.
I recently replaced two funds — foreign large blend equity and intermediate core-plus bond —
with similar funds after transferring an account to a different firm.
I'm content with my portfolio's overa…
From Markets A.M. newsletter by Spencer Jakab.
On this day in 1895, the “horseless carriage” began to seem practical
as the Chicago Times-Herald sponsored the first automobile race in U.S. history.
The course ran along 54 miles of streets and roads…
"My guess is that FD found this on a social media site like TruthSocial,
Facebook or X and probably didn’t know it’s AI garbage."
FD1000 cares not if his posts are AI garbage or if they are factually inaccurate.
His only requirement is that the sto…
There's also this narrative around the topic (reasonable imo).
https://www.wsj.com/finance/investing/private-lenders-arent-out-of-the-doghouse-yet-19d47250?st=5ba8Re
It is a tangled web but First Brands and Tricolor being private lending heavy mis…
Barron's recently asked Sonali Pier, a Pimco portfolio manager who focuses on multisector credit,
"Are you worried about the health of credit markets after the recent bankruptcies and bad bank loans?"
Her response was: "Mostly, these events are abou…
"Fascinating how these people come to the United States from somewhere else,
and then applaud the destruction of the country that they came to and made their money in."
Yes, indeed.
It seems to be very hypocritical, and dare I say, even traitorous!…
Some people assess risk using standard deviation and/or Sharpe & Sortino ratios for relatively short periods.
These metrics may not tell the entire story — especially during good times.
Junkster makes an excellent point that the underlying funda…
It's difficult to say whether or not this is a scam based on the info provided.
Monthly Capital One statements should list a phone number for customer service.
I would call customer service to discuss this issue.
The Week in Charts (10/24/25)
The most important charts and themes in markets and investing...
00:00 Intro
00:17 Topics
01:02 Playing With Fire
06:55 The Longest Shutdown in History?
08:18 Inflation Hits a 16-Month High
13:33 Paving the Way for a R…
Fat tail risk exists, but I'm not certain it is prudent for many investors
to structure their portfolios for an absolute worst-case scenario.
These investors would presumably be leaving lots of money on the table.
A better approach may be constructi…
"US President Donald Trump halted all trade negotiations with Canada earlier this week
over an advert in which former President Ronald Reagan says tariffs 'hurt every American'".
"The ad, sponsored by Canada's province of Ontario and released last…
Greece and Argentina provide lessons for when trust in a country's economic data was lost.
https://www.pbs.org/newshour/show/what-happens-when-no-one-trusts-a-countrys-economic-data
Western Union linked the eastern and western telegraph networks in Salt Lake City, Utah.
Two days later the Pony Express, previously the fastest means of communication
between the eastern and western U.S., officially closed.
The first transcontinent…
From Markets A.M. newsletter by Spencer Jakab.
On this day in 1861, the first U.S. transcontinental telegraph line was activated,
enabling messages to be transmitted almost instantly from New York to California.
News would have taken two or three m…
"What a despicable human being."
Donald J. Trump is a petty, venal, narcissistic son of a bitch.
It's too late now for this paper tiger to change his stripes.
The use of Reagan's radio message really irked President Trump!
The party that once trumpeted free-market capitalism (with all its warts) marches towards "state capitalism."
Politico obtained a trove of Telegram chats from Young Republican leaders in several states.
The messages provide an unfiltered look at how these GOP activists talk when they believe no one is listening.
"They referred to Black people as monkeys an…
"Who's treating the WH as his own fiefdom, TODAY, eh? He's consistent, anyhow.
The drawings of what the decor and furnishings will resemble look like the Tsar's
gold on gold on gold on gold overdone palaces. Utterly tasteless.
The fact that private…
Yesterday, former first lady Hillary Rodham Clinton cut to the heart of
President Donald J. Trump’s destruction of the East Wing of the White House.
Hilary?
The Clintons stole an estimated $28,000 in White House furnishings
and paid $86,000 to the …
