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.
“(Most) poll workers are part-time, temporary employees hired by local election officials to staff polling places during early voting and on Election Day. Polling places average about eight on-staff workers for the whole day.”
https://www.ncsl.o…
Getting complicated. The U.S. 10 year rate did a U-Turn this morning and bounced much higher after the European Central Bank alluded to worsening inflation and indicated rates might rise. . At last glance, the U.S. 10 year was at 1.83%, up from 1.7…
Thought it worth resurrecting this thread on a day with Meta Platforms (previously Facebook) down more than 20%. (At 10:30 AM Bloomberg had it down 24% for the day.) The etf “META” doesn’t surface on Lipper (for me anyway) but M* shows it down a…
Wow. Who isn’t thinking about that? Depends so much on somebody’s situation. I tend to worry a lot. So I’ve long contemplated that the worst possible “1-2 punch” in retirement might be: (1) loose half or more of your invested assets in a market …
Giroux co-managed PRWCX with Jeff Arricale in 2006, the pair succeeding Stephen Boesel. Prior to Bossel the fund had seen 2 prior managers. Arricale took a different position at Price the next year, leaving Giroux in charge at PRWCX, and then left…
“It may be that there is no such animal as a good ex-US allocation fund because no single manager, playing the role of Mr Giroux, could cover all the bases, international investing being so complex.”
1. How many international developed markets hav…
Was just wondering what Elon Musk might do to improve that scene? I think he’d begin with automated equipment! Maybe attack from the air somehow? Melt the snow with rocket thrust? Hell, I don’t know … But there has to be a better way. We’re talkin…
Thanks for wading thru that! I hasten to add (for benefit of others) that the lower case “d” in democratic was intentional, as it wasn’t a reference to political party, but rather a reference to more enlightened open-minded thinking as well as to …
We've met a pretty fair number of Michiganders, and they have been universally very nice and decent folks. We did a lot of European traveling with a fairly large group of them for a number of years. Trump has unfortunately been a very sad eye-opene…
Good Pic!
Forget all this crap about “winter wonderland”. It’s only pretty when it’s coming down and fresh on the ground. Soon turns to crud as it settles, attracts dirt & grime or gets trampled on and driven through. Nasty too when it thaws a b…
JMHO - But sounds to me like they’re hoping to chill some markets (housing & many equity sectors). But they’re not getting much response with mere words to date. Hence the talk of a .50% hike in the first meet. (I don’t think they’d dare.) Hones…
“but he pushed back against the idea of kicking off the coming tightening cycle with a half-percentage point hike.”
Hard to say. Sounds like he wants to start out slowly (quarter point) and ramp up later. The interview was posted to Twitter. I don’…
Scientists are said to be working on a plan to clone David Geroux and bestow upon the new copy the cultural and linguistic attributes of the inhabitants of some as yet to be disclosed foreign domain.
Fed’s Bullard Doesn’t think a half point rate increase “really helps us” …
Interviewed February 1
(Excerpt) St. Louis Federal Reserve President James Bullard on Tuesday said he favors lifting rates at the U.S. central bank's meeting in March an…
Fed’s Harker Says 4 rate hikes appropriate this year.
(Excerpt) Right now, I think four 25 basis point increases this year is appropriate," Harker said during an interview with Bloomberg TV. "But there's a lot of risk here," including the risk tha…
Even if the Fed raised rates to 2.00% by the end of the year, real rates will remain negative.
Yes.
Looks like they’re trying to talk some of the overheated markets down without having to really do much heavy lifting (raising rates quickly). I tr…
“Fed's Daly supports rate liftoff in March, interest rates at 1.25% by end of year ” (1/31)
Source
Excerpt from Reuters - The U.S. Federal Reserve should start raising interest rates from near zero in March and can comfortably raise them to 1.…
Atlanta Federal Reserve Bank President Raphael Bostic told The Financial Times over weekend that the Fed may impose a 50 basis point rate hike in March. Bostic is a FOMC participant and would have been covered by the aforementioned blackout.
(E…
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.
