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The following gets to what I was hinting at in my OP.
“Central banks will not have the stomach to keep policy tight enough for long enough to squeeze inflation out,” says economist Martin Barnes.
(Lead-in to this week’s’s Up & Down Wall Street…
I might add that patience is in short supply all over the place. Policy makers to individuals want everything fixed yesterday. Myself included.
Line from an anonymous reader posted on Bill Fleckenstein’s blog recently:
“The dead are the best …
I’m beginning to think the Fed “hasn’t a clue”. You don’t decree 2% inflation just as you can’t set a $35 limit on a barrel of crude, stop wars from breaking out or reduce the number of droughts worldwide over the next year. You can, however, tr…
Times have changed for sure. Many people finance their cars over 3 to 5 years that add to the total cost of ownership. In the meantime, the car is deprecated its value. Spending in careless way is one of the reason these people will not save enough…
Fascinating post. Sure sounds more rewarding that watching the stock indexes rise and fall. Takes me back to the early 70s when most ordinary investors waited to learn how their picks had fared until the following day when the WSJ or other financ…
Just deleted all M* portfioios and signed out for the last time. Sayonara … :)
Hope everyone that got raked onto the coals is well on their way to finding a suitable tracker - and not at some crazy $200+ yearly price.
On the abortion issue perhaps they harbor some deep seated religious compunction. I was just thinking of how careful JFK was to distinguish between his own personnel religious beliefs and relationship with the Catholic church and his obligation to c…
@Old_Joe,
My bad. Should have checked date. As to your 2nd point, yes - I served up a softball for you to hit out of the park. I generally despise conspiracy theories. Yet, having trouble making sense of the whole situation. These justices sho…
Warren Burger, former conservative Chief Justice of the Supreme Court, on the 2nd Amendment in 1991.
If there’s a hidden agenda here (I hope there isn’t ) it could be to embolden / strengthen militaristic right wing factions to pursue their e…
“Stay dry” and “invest in a beaten-up fund” would appear to be an oxymoron.
Barron’s this week is pounding the dumb for home builders - again. Wouldn’t be my choice. ARKK is up 18+% past two weeks or I might have suggested that.
No suggestions. S…
Larry Summers unloaded on the SC in his commentary on Wall Street Week Friday. I can’t do him justice except to say he finds it “alarming” that a SC can break with long established prescient in such an abrupt manner (on both the gun issue and abort…
Just a friendly reminder that getting back to break-even requires a greater degree of portfolio change than on the way down. Someone who’s down 20% YTD would need a 25% increase in portfolio value just to get back where they were. And if you’re …
Hank, What is the name of the app you are using. Link doesn't work for me and a search on the Apple app store brings up a few to many.
Yep. There are dozens. Most are awful. Must have tried about 10 different ones over the years. I pasted the trac…
I intend to discontinue using M* tracker as of today. Still need to monitor my new app for about a week to make certain it’s reliable day to day. But so far it’s awesome. Hopelly, in a week I can scuttle the M* tracker completely and send it to a …
How is DK doing ?
LOL / DKNG is alive & well. After exiting and eating a small loss few weeks ago, got back in at under $12 last week. Slightly ahead now. Just play money. If it would start going up, I’d hang on a long while. Kinda like bet…
@hank are they, Fido, privately own ? Well if that's the case try Schwab or Bl. Rock. Now I'm wondering how many brokerages are available via stock purchase ?
As far as I know, Fido is privately owned. There’s another thread running on prospects fo…
TCHP. Did you see the P/E on that bugger??????? 31+
Owning things like Microsoft, Apple, META and Tesla will cause a high P/E. I compared TCHP to a RYT, a popular Invesco Tech ETF, and the P/E is similar. Of course DCA’ng in gradually during a f…
Not a website. But $1.99 a month gets you a fantastic tracker if you use IOS devices. I’d guess I’ve spent about 6 hours over the weekend mostly just learning my way around - plus setting up multiple portfolios. One emailed question to support was…
The next question is how to prepare for it on your asset allocation/investment vehicles so you can survive it better. Challenges today is that the traditional bonds and equities are falling at the same time and there are few viable alternatives. …
Anybody else suffering from “information overload”? Love all this stuff. But just can’t keep up with all the financial information: WSJ, Barron’s, Fleckenstein’s daily blog, Stack’s monthly newsletter and weekly hotline, Bloomberg TV & radio, …
@BaluBalu, I have no issue with the spreads. I’m happy to supply the bid / ask quotes when I have access to them as you earlier seemed to request. :) But, I’m beginning to think that you or anyone else can probably acquire the same information on …
@hank, may be edit the Subject to fix the ticker. Thanks.
BTW, bid-ask displayed over the weekends (or, when the markets are not open) are stub/fake quotes, not real at all.
Yes. I took a screen shot when I did a test buy today. It shows: Bid $14.…
There’s an extensive interview with Summers in Barron’s this week. He reiterates and expands upon the same points of view voiced on the show. I also record the show.
What I enjoyed most on the most recent program was the brief 1971 clip of a youth…
“When you buy, please post here about the bid-ask spread.”
OK. (More of an if than a when.) But happy to share whatever I can. I believe anybody with Fido can submit a “tentative” order and view the “ask” / bid” prices without actually putting it t…
Sorry my Kindle subscription won’t link to board. It’s a bit of a struggle just to excerpt short passages and post those. One way to dig up the article online is to cut & past the excerpt and than search for it. With some patience and using “D…
PRELX isn’t hedged (against currency risk) as PREMX is.. So the strength of the Dollar should have whacked it even harder. PREMX was always the mild mannered sister to PRELX.
Here’s an additional excerpt from the same article -
It now trades cheaply at 10.5 X projected 2022 earnings, and yields 4.5%. T. Rowe Price also has one of the industry's best balance sheets, with $3.5 billion, or $16 a share, of net cash and fun…
“Mary Ellen has 43 years of investment experience managing a broad range of fixed income portfolios. She is responsible for the formulation of fixed income strategy as well as the development and implementation of all fixed income asset management s…
