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.
If I’m considering buying something (especially a stock) I don’t mention it. After I’ve owned it a while I might. I mention this only because it makes so damned much sense. Why would anyone (particularly a fund manager) announce to the whole world…
“As upside down as 1984 is, the world we live in is not too far off. One of the main elements of 1984 was a deteriorating standard of living for the people, yet they were told by their commie government to believe it was of the highest quality. And …
@hank, Be careful using "Think maybe his success is due to some sort of “Divine Intervention”? Maybe I’ll increase my allocation … :)" If I recall Cathie Woods follows a similar path but appears to have taken the wrong fork in the road.
Well, I use…
I had no idea. Ashamed to say. Where I worked and resided in Oakland County (decades ago) I can’t ever remember anyone sending their kids there. The wee bit I’ve heard of Hillsdale over the years is that it’s academically solid. However, that’s …
+1 @Junkster - Thanks for posting. Readers can surely benefit from your experience.
I think it’s OK (or helpful ) for an investor to hold a broad macro view. That view may help shape investment direction. Yet, IMHO one shouldn’t let that macro vie…
+1 @msf
It’s all a game.
I guess “distort” is open to interpretation. And if done well would be hard to detect or prove.
But “markets move” and “market movers” exist - and profit from said moves.
Just MHO of course.
One prominent short seller …
@MikeM - Just shook off some old rust and slapped on some fresh paint … :)
You’ve been consistent for a long while re your commodities exposure. Bolder than I who got out mostly last July. Too many memories of past tumbles in that sector. Gl…
“What % does a bond heavy fund have to be in bonds before you would consider to "lighten" up on ? Was this in a tax advantage account ?”
@Derf - Thanks for the question. No set percent. Easiest to explain if I post my allocation model.
- 25% is …
Murry St & SF. Hell of a game. Just went into OT. I had a little on SF, but switched to Murray early after watching them play. But still have a small “hedge” position on SF.
This sounds pretty specific to the Ukraine. I doubt Putin has much interest in hacking my Starlink connection. There are currently 1,600 Starlink satellite in orbit. Musk’s lookin to have over 12,000 in orbit in a few years with an eventual goal …
@Crash - This used to be a popular thread / topic. Not sure why it lost interest.
I’ve made a lot more moves than I typically do this year for several reasons:
(1) Having moved to Fido from TRP last year has opened up a rich universe of fund…
Since Jan. 1
New Position (Bought)
DRSK
GLDB
Y (Allegheny)
QLS
QMN
DODEX
BAMBX
Tactical Buys & Sells (Still own)
TAIL
RIO
GLDB
DRSK
Sold All
TMSRX
PSMM
AOK
PRSIX
DKNG
QED
5 Largest Positions (+ - 8%)
DODLX
PRPFX
BAMBX
QLS
ABRZX
The Fed lag is a bit hard to look past … with CPI now at 7.9%.
“I daresay you haven’t had much practice. Why, sometimes I’ve believed as many as six impossible things before breakfast.”
The Queen, Alice’s Adventures in Wonderland - Lewis Carroll
…
Point taken.
I was thinking more those who bought in more recently. If it was already down 30-40% when they took the plunge, they may still do OK. Today had to be uplifting for those people. Yes - those who bought closer to the high have a long w…
Interesting. I’d envisioned something larger. But $6,000 to destroy one tank? Holy crap! You could feed a starving family somewhere for a while on that.
“The company’s website says the Switchblade cruises at 63 miles per hour and provides “operato…
“What concerns me is China is undergo lockdown in several large cities with several thousands cases of COVID.”
Yes. Agree. They’ve taken a different approach to Covid and not great results. Short sellers (hedge funds and the like) have huge impact …
Why is the Chinese stock market up today?
I don’t ever remember any market moving 30% in a single day - though I suspect it’s happened. The Dow fell about 25% one day in ‘87.
I think to some extent it’s a relief rally. EM - especially Europe &…
Press conference upcoming. May move markets.
After the FOMC announcement equities did a U-turn. Dow fell about 200-300 points over a few minutes to about flat at present. Had been strong earlier in day. Gold ticked up $5, but is still off $15 for t…
Truth in posting: Utah State fell apart in the second half last night and I lost my bet. The Oregon team were 5 point underdogs when the contest began and lacking 2 regular players. Still, they made a “romp” of it in the second half. Not even close…
On another front. I listened a bit to Biden today. Total U.S. aide to Ukraine is being upped to $1 Billion. In addition we are sending armed drones, which strikes me as perilously close to sending manned planes. These drones have incredible attack …
“But Russia has been acting like a post communist country in recent decades.”
Yes. It goes to the question “What’s in a name?” These terms tend to get tossed around by people like Putin to inspire the masses and make opaque the real issues. I’m n…
@Bobpa, do you remember the kiddie-ride at the amusement park where a little kid would sit in a little car and go around in a circle? Kids would turn that little steering wheel frantically pretending they were controlling the direction of that littl…
Bloomberg is reporting China’s Dragon popped 24% last night. I’d already decided to initiate an additional purchase of DODEX today as part of a scheduled rebalance. Since my portfolio’s been driven so out of whack by the erratic first quarter mark…
Putin as a 21st century fascist? That description may help to explain him and this war.
Isn’t Russia a Communist country?
“From each according to his means … And to each according to his needs.”
Or has Karl Marx been disavowed?
Russian Yachts
Yes, “The Old Man and the Sea” is delightful. Beautifully concise. Set in & near Cuba.
“Hemingway became a fixture of Havana, and stayed in the country longer than many Americans chose to after relations between Cuba and the United States bega…
Agree it’s a “hot-button” issue. Critics will milk it for all its worth. Such is today’s world of politics and eyeball obsessed media.
My Hybrid Accord holds about 12.5 gallons. Goes over 500 miles on that. Very little “pain at the pump.” I never…
@Old_Joe - What an incredible photo! (top). Makes me thirsty for something “on the rocks.” :)
Being of USCG vintage you’ve probably been exposed to ice breaking. While we don’t see ice like that in the Great Lakes, it’s always fascinating to watc…
Not a Michigan fan. Like to wager on non-home teams. Couple $$ on Utah State over Oregon tonight. Prefer the NBA for caliber of play. Last night’s Milwaukee Bucks over Utah was an excellent well fought game. The Bucks won - but the lead sea-sawed a…
Overnight the 10 year touched 2.14% . Stunned me a bit seeing it on the Bloomberg screen.
High by recent standards.
+1 @Charles Thanks for reposting that photo. The 3 riders: “Stocks”, “Bonds” and “Commodities”.
A PBS interview last evening with a refugee mother and daughter worried about their pets back home drove me to post the story. The war in the story was the Spanish Civil War, fought a few years before WW II and with the involvement of some big gl…
@Junkster said, “don’t want my bearish bias to influence me …”
I resemble that remark. :)
I don’t think I can time the markets. (Perhaps others can.) I almost always regret it. Raising my “alternative” sleeve from 30% to 40% is probably the best…
Thanks @Sven. All is well other than being perpetually mired in 15-30 degree temperatures with treacherous ice & snow still covering the landscape of northern Michigan. I’m of the view we who post regularly are an inquisitive and independent …
Thanks @Sven
Forsyth’s more concerned with trying to draw wry and interesting parallels between today and 1974 than in building a substantive case. He notes early on that just as President Gerald Ford was becoming concerned enough to hold a high l…
…
Barron’s ran the numbers for the items the government CPI omits:
“Excluding food and energy from the CPI seems like exactly the wrong thing to do right now. This week, this column is doing the opposite, stripping out everything but necessary it…
I just enjoy Forsyth. Didn’t mean to cite him as a predictive model. I suspect he is of a bearish inclination (as am I) and his articles often reference bearish views of various market observers.
If folks don’t want Forsyth’s columns referenced any …
