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.
”There sure seems to be what looks like indiscriminate, irrational, and ill-timed selling in certain pockets of the market.”
Yep.
Not sure if irrational. Certainly indiscriminate.
Bought a little bit of everything. DKNG, RIO, ENOR, GLDB, AJG, GATEX, PRPFX, ABRZX, BAMBX. Guess that makes 9. A wicked market pushed around by the big players - hedge funds, short sellers and specialty funds using momentum strategies. Hard to k…
I have relatives who have driven TSLAs With the AC on Radio etc, the range is no where near 200 More like 125 to 150.
Let’s hope they have strong bladders. Sounds like a lot of 30-minute coffee breaks on a cross country journey.
Mortgage & GNMA funds are good for stable rate environments. But due to their negative-convexity, they don't have high upside when rates fall (re-fi go up, duration goes down), but have higher downside when rates rise (re-fi go down, duration go…
I have no opinion on your question. Sorry. I’m sure others will
But you raise the difficult question of where to invest for low risk while earning something above what short term bonds would return. Toughest I’ve ever seen it.
I have a bit in QM…
I suppose electric will be the wave of the future. More advancement in battery tech needed I think. From what I’ve read, juicing up a dead cell takes nearly half hour under best circumstances. Hauling a load into the wind driving 80 mph? How far…
There's no question in my mind that ASML will recover to justify our position. There is however, a question in my mind as to whether I'll live long enough to see that.
At my age, “day only” buy orders seem more prudent than the ones left running … …
The current Barron's has a Cover and several features on Transportation
Yes - Just browsed through it. Barron’s sounds high on GM and negative on Toyota. Wanna buy a bridge?
Their logic stems from GM’s ongoing plans to develop fashionable all-ele…
I haven’t yet found Steven M Sears’ weekly Barron’s column very helpful. Deals a lot in sophisticated options strategies. This week Sears suggests in his lead-in that heightened fear makes now a good time to buy stocks. (On that I don’t know.) But …
On a different note, ISTM cash for acquisitions is nice to possess now. Correct me if wrong, but it seems a lot of M&A activity in recent years has been financed by borrowing. With rates rising that’s become a lot more expensive and activity ha…
“Elon Musk has assembled a group of investors including a Saudi prince, Larry Ellison and a bitcoin exchange to pony up more than $7 billion to back his bid to buy Twitter Inc. Tesla Inc.’s chief executive has lined up about $7.14 billion from 19 in…
After today PRWCX is down 10% YTD. That’s somewhat better than the S&P’s YTD loss of 13.5%. Little consolation, however, for anyone who may have bought the fund believing it only goes up.
Lewis has it right. DKNG beat the numbers this morning with a very positive earnings report. Everything sailing along swell. User base growing nicely. Popped over 5% in the early going - but than finished down almost 9% for the day. Sounds like a l…
Sold off over half my TAIL this week. Went from 7-8% weighting to about 3%. Probably too soon. Designed strictly as a hedge. Haven’t made $$ with it yet - but has dampened volatility. Found better uses for the $$.
I don’t know about it being undervalued. And even if it were, “Markets can remain irrational longer than most investors can remain solvent ...” But if I were a youngster of perhaps 50 or 60 I’d buy a chunk of TRBCX (or similar) and let it ride. At 2…
“The year is still young and only one third done. Warren Buffet is busy shopping lately since he has lots of cash.”
It would be nice to get into his head! The guy is programmed to hunt for value. I suspect his investors possess the time horizon…
PRWCX didn’t do too badly -2.23%. Compare that to Price’s blue chip fund TRBCX which lost 5.56% today. It’s now down 25-30% YTD. Geez - The year is still young! No telling how low it might go.
Weird day in that virtually every equity sector along with bonds was hammered pretty hard. Tech of course hardest. Nothing spared. Maybe utilities? Despite losing nearly 9% today, ARKK is still “only” down 50% YTD. I’d expected more. Curious how…
I agree with Buffett that there are some “pockets” of value here and there being overlooked by the performance chasing herd. The big indexes (like the S&P) may well be in bubble territory. And, Bill Fleckenstein thinks that target date funds,…
@BenWP -
Thanks. I’m far behind. Just beginning to use Google maps for taking walks in distant cities after getting hopelessly lost once. A call to the hotel front desk saved the day or I might still be wandering. As far as rental cars go … I h…
Little change in markets initially. One bank I own fell some. Hard to say why. Rising rates help banks. But slowing economies are a negative for them. Gold and other metals have been weak all day - a bit of a trend lately.
Carnival atmosphere on …
Sorry to hear of your problems @Crash. I’ve had good luck with many different Apple products. But updates (every few weeks now) were a serious obstacle until I got good wifi at the house. Devices would attempt (automatically) to update using cellu…
GLDB trades little and at $4 Ml AUM I don’t know how they keep it open. My tracker this morning is showing it down 100% for the day. Not sure what to make of that … :)
A grand total of 3 shares traded today.
“How happy is the little Stone
That rambles in the Road alone …” E.D.
Yep. Own some like that. Usually not a good sign …
"an airliner on a glide path to a specific airport, guided by precise instruments"'
Hah. If only!
If I were Powell, I’d be “bracing” myself about now for the landing. :)
On a serious note, you can’t time these things or predict how far the Fed &am…
Sometimes a picture’s worth 1,000 words. What possible reason could these 90+ year-olds have for investing other than that they must enjoy it very much? While Buffett chastised the gambling atmosphere, Munger tore in to Robinhood.
Interestingly, …
Excerpted from today’s Wall Street Journal (May 2, 2022)
“Joseph Sternberg uses the ‘soft landing’ analogy (Will the Mighty Dollar Prevent a Soft Landing From Inflation? Political Economics, April 22) to discuss the predicament now faced by the Fed…
Overnight pop in the futures - currently up by a half percent or so. Agree they can’t be relied on. However, ISTM that limit orders placed over the weekend & intended to grab off something on the cheap at Monday’s open may not work. My (possibl…
Old F*** here. I still mail certain things. Just feels better. Also, can write out checks in advance days ahead for mailing about the time the pension gets deposited. Less apt to forget. Have small 3% mortgage and like to mail that one in.
Hopefu…
@Sven, US futures will start to trade Sunday evening at 5pm central.
CME Link https://www.cmegroup.com/
Thanks Yogi. - The markets are in turmoil. Path of least resistance appears down - but wouldn’t bet the bank on it.
