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Reply to @hank: Thanks for the CELG info, Hank! I talked myself out of buying a large stake. I do still like the story there, but there may be better window to purchase. Its had a great run, and I'm way late.
I'll probably buy FBIOX if biote…
Starter positions in WAFMX and BPRRX. Bought the minimum. Equities are too high (consensus view), but we also might just crawl higher for no reason. Waiting to hear the phrase "Santa Claus Rally" in a few weeks. Market melt-ups are maddening. …
Reply to @Old_Joe: I keep hearing "don't fight the Fed", and I guess we see why. It will have to be a really huge, catastrophic "black swan" to knock this market off its perch.
Today I bought starter positions in: EUO, CELG
Added to: ESRX
Picked up some MWFRX yesterday, added more RPHYX and MERFX as well.
I'd welcome a pullback in equities.
How about just cost-averaging into VWELX? Keep it simple.
I am the king of conservative, and as Vert mentioned, RPHYX is closed. And so is my other favorite fund, MFLDX.
I consider MERFX a quasi-cash substitute fund. Nothing exciting, but you…
Reply to @scott: I'm shocked there wasn't a bit more panic selling. Makes you wonder what it would take to get a 10% correction. Is "tapering" the only market kryptonite?
Reply to @Hogan: I know we are 5 years removed from the banking system's near collapse, and I know continued government intervention includes paying a "fine" somewhere down the road. Sure, kick the can a little more......and keep telling us the u…
So, easy money is back in, just like that!
Thank you, Ben Shalom Bernanke, for keeping us from dealing with reality. Did Obama have him in an arm-bar at the meeting?
I would say "bond like" returns instead of "equity like" based on performance, but its certainly been low-volatility so far.
Doesn't seem to be widely available at large brokerage platforms (Vanguard, Fido, etc).
Maybe mutual funds are selling at the end of day to cover redemptions?
"Investors have pulled $15.3 billion out of stock funds in the past three weeks, the most over any comparable stretch since August 2011. About $3 billion was pulled from the SPD…
Yes, its the "Jimmy Carter" era for bonds! This asset class is swimming upstream against strongly negative retail investor sentiment. And truly, what are the medium-term expectations for bonds as interest rates have nowhere to go but up? It's been…
India is scary, but its not like the world is ending. There's just SO much money fleeing from some of these foreign markets right now that its tough to want to jump in. Takes GUTS.
Its interesting to watch this massacre play out. I've got EPI on…
WBLRX (Whitebox Long Short Equity Fund) is the only fund I own that can be positive on a really negative day for equities.
If you equate "non-correlated" with defensive, then that's a decent defense.
Reply to @davidrmoran: No vehicle is perfect. SPLV holds a heavy weighting (30%) to utilities, and they had a rough patch. Another 20% is currently allocated to Consumer Defensive, 12% Industrials, and 10% to pharma. Its not "hedged".
That b…
First off, not all long-shorts are created equal. Many different strategies, most of which have not been used successfully.
However, a few have done quite well. For example:
MFLDX gained 31% in 2009 after losing only (13%) in 2008.
BPLEX…
Agree with Scott, the market just seems to want to rise regardless of any data. And there has to be cash flowing in from fixed income.
That being said, once investors get complacent, we should expect a strong pullback. For now we climb the wall o…
Hate the 5.75% load, might consider the C class. Typically high ER on these long/shorts. But the performance has been steady. Its certainly worth a look.
NLSAX S&P 500 TR USD Cat (LO)
2013
July — 5.09 —
June …
Reply to @scott:
But is the sky falling here, or is just a bluff? Per the article you attached:
On the other hand, many experts suggested that Uralkali is bluffing to force Belaruskali into a settlement that would keep the oligopoly structure in…
Finishing "Middle Men" by Jim Gavin. With my cat-like attention span, short stories are all I can manage. And this book was a particularly good collection.
Reply to @fundalarm: "TAPERGATE" - I like it! I might steal that one.
MFLDX is still my pick in the long-short space, but no vehicle can be expected to weather these storms perfectly.
For fun, QLENX goes on my watchlist.
The U.S. markets get so much "hype", its just simply amazing. Growth is anemic, earnings beat estimates as analysts continually lower the bar. But we all know equities also churn upwards thanks to the backing of the Fed. Its like a well-oiled mac…
Reply to @scott: I'm watching overseas markets, and you can really get country-specific now like never before. Egypt "EGPT" or the Philippines "EPHE" or delve into the Middle East "GULF", etc, etc.
But I still think back to the old saying…
Reply to @scott: You are quite focused on EM, Scott! I agree China isn't really a non-issue and the uptick in volatility will mean more rollercoaster sessions to come.
What strikes me is how many investors bailed this week(both debt and equity), b…
Now that the retail world has rushed to the exits and gone to cash, do the markets start to "climb the wall of worry"?
Suddenly China is a non-issue.
All is well.
Reply to @scott: I sold a truckload of RPHYX today - getting cash ready for action.
I keep having to remind myself that gold miners are not really cheap yet if gold prices continues to slide.