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 reading the chart correctly, it appears little has worked. Since MLP’s appear to have done well, here’s a definition for MLP ETF.
“MLPs ETFs invest in Master Limited Partnerships (MLPs). These companies are generally involved in the trans…
Market movements this past week suggested to me the TINA way of viewing the stock market still had some life left in it. Perhaps there is enough ambiguity in the current situation that can continue to be the case at least for "a while".
FWIW - Wh…
Hope not too OT. Interesting article in recent WSJ (probably Friday’s) about how the Robinhood / Reddit crowd devastated hedge fund Melvin Capital. (I realize it’s hard to feel sorry for Melvin.)
Melvin had shorted a bunch of meme stocks (like Games…
”I will heed your so called warning, & make my dippings small in nature.”
Big Dipper hasn’t posted in a while. Probably busy snatching up all those bargains.
Appreciate Junkster’s take. I agree with his observations. This is one strange marke…
Who owns Fidelity?
“Boston-based Johnson family owns 49% of mutual fund company Fidelity. The other 51% is owned by employees. Abigail Johnson is the third generation of the family to run the company. She took over from her father Edward “Ned” John…
As I understand it, it takes $250,000 with Price to obtain that elite “Flagship” status. Pity the “poor” soul with just $249,999 invested there that has to suffer their endless inadequacies and incompetence. Think of all the “newbies” just starting …
Some of us are self directed investors. We don’t require or necessarily want a personal advisor / liaison person at every institution where we park money. It shouldn’t require a “Flagship” membership to change a mailing address, order checks, sp…
I agree with @Mark. They’re busy buying and selling their own positions before saying anything. But if anything comes out of significance I’ll post it here. They must have dumped all their gold before the Fed statement yesterday. Falling like a r…
Thanks for the links @Catch22.
Might be helpful to consolidate the 2 “red” threads? Here’s a a more recent one..
Likely to remain the color of the day for a while.
One of my trackers covers daily performance of 18 different funds & ETFs - none of which I own. Only 3 were green today. 15 were in the red. This covers a wide spectrum of asset classes and styles.
The 3 green:
BRCAX …
“... somehow I don't think this will end well.”
Yep. Nuts
Just another bizarre day. Haven’t liked the market action for a while. Missed most of the Fed news today. Need to catch up. Powell’s mumbling something on Bloomberg … DKNG pulled back f…
It’s Nuts. The short sellers have been blasting it for months. As I think I mentioned recently “a little bit of this one goes a long way.” (And “ouch” on the down days. :))
ARKK only up 3-4% today.
Don't forget strategy change including some short positions for DODBX.
I’ve been thinking about that. They see the writing on the wall re interest rates and are looking to move a bit away. I don’t expect major changes. More flexibility / investment …
Giroux favors the big ones. Probably out of necessity at this point. GE was his top pick in the recent Barron’s roundtable. Also Amazon and Kerug/Dr. Pepper. OAKBX also leads it by a few % points.
To be down that much in less than a month is conc…
“and then dippers come in around the lunchtime and onwards to reverse much of the morning action.”
Them’s some pretty big “dippers”. I doubt it’s you and me and that other fella. I’d bet mostly short covering, hedge funds, preprogrammed computer…
Thanks @davidrmoran. Both loaded well. The second one is succinct and highlights 3 causes of the market turbulence. It’s hard to call this a “selloff” from the heights the markets reached.
“Fall”? I guess. It’s all relative. I tend to have very l…
500 points here … and 500 points there … and pretty soon you’re talking about a real bear market..
- FOMC meetings usually cover 2 days. This month’s begins today, Tuesday. Tomorrow afternoon (Wednesday) they will issue their “statement” which will…
I hated these True & False tests in school. But here are my answers. For clarification, I’m assuming “market makers” pertains mostly to hedge funds.
- Is it possible the market makers are trying to slow the rate increases & the number of…
+1
Actually my previous post pertained more to bear markets than run-of-the mill corrections. I’m not attuned to the finer points, except bears tend to last longer - usually measured in years. That’s why many keep the cash reserve.
If the early…
“I suppose there are some investors who can change up their strategy from bull markets to bear markets but I haven’t met too many who can do so consistently. I’m a much bigger fan of creating a portfolio that takes corrections and bear markets into …
“Rising bond yields, particularly on inflation-protected Treasurys, are viewed as close indicators of borrowing costs for businesses and consumers.“
Investors pay close attention to yields on TIPS because they offer an important gauge of financial …
Filled limit order on ASML. Have placed another at 625.
+1 Go for it!
I’ll try to change my DKNG order from “day” to “GTC” as it has rebounded substantially from this morning’s $17.50 level. Won’t break my heart if it never gets that low. A littl…
“I'm a gambler too hank”
I wouldn’t call it “gambling”. “Calculated wager”, to a greater or lesser extent, describes most investing. You’re trying to gage the impact of all sorts of things - some as yet unknown.
Things you know: Your own risk to…
“The market is a bundle of irrationality.”
I grew up in the 50s and 60s. Both parents harbored vivid memories of the ‘29 stock market crash and Depression through which they lived. So stocks were somewhat of a dirty word among many (if not most) …
Thanks @Derf.
Helpful. I don’t own this one but have followed it several months. Some “defend”. Down 7- 9% YTD. And just when you need it!
As a general principal I think I had the discrepancy explained correctly. I’ve run other funds through ETF.…
“Relative performance of FDIC cash looking good as well so far this year.”
You got a point. +0.01% is better than a loss I suppose.
I’m carrying my normal exposure to metals and miners. It’s tempting to go overweight. But nearly every time I’…
https://www.nationandstate.com/2022/01/10/arkks-investors-have-in-aggregate-lost-money/
Excerpt from above: “Morningstar doesn’t help. Even now, with a lifetime negative P&L, ARKK has four stars and is the #1 ranked fund over five years. Mornin…
Ouch. There oughta be a law … False advertising …
Not exactly defensive holdings. Top 10 include: Amazon, Apple, Microsoft, Twitter. And Lipper gives it a low beta of .34 - Go figure.
In terms of hedging / defense, at some point I’ll probably…
Behind pay wall for me. May be somebody could let me know what it is about. This is not 5he first time we had option expiry date. What is different today? Thanks.
It has to do with $3.3 Billion in options expiring yesterday (3 rd Friday of every…
The madness of crowds …
I’m tip-toeing into DKNG (one of Wood’s gems) at below $20. Here’s one that was $75 10 months ago. Small amount. Long term hold at this price. Daily price swings of 5-8% in either direction are common. (I’ve traded in and…
@msf - Excellent summation. Thank you. Yep. I was warned once about trading too much by a Strong rep (once or twice monthly). Later it came out that the CEO (Richard Strong) was doing dozens - perhaps hundreds - of trades monthly in his own funds.
…
The SEC’s issue wasn’t so much with interfering with the fund’s operation (buying / selling) as with the fact that outsized “gains” were going out the door into the pockets of the slick operators. (Hence the term “skimming). Say an ETF investing in…
I agree with all of what @msf said. Having been with a dozen different fund houses I know all like to restrict “churn” for the reasons given. Valid reasons. Each has a slightly different approach. D&C’s seems less stringent - but I’m sure they…
