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.
hank -was the junk bond fund, by chance, the infamous Oppenheimer Champion Income fund?
LOL - I don’t know. But I’m well aware of the former Oppenheimer “Champion” high income fund and have referenced it a few times here. Best recollection is it l…
Miners got whacked today along with everything else. The gold bugs I follow are dumbfounded. I have a slim hold in a mining fund, but retrenched a lot the past month or two. Would love to dive back in - but too early. Like playing with nitro.
”Don't forget @hank, @JD_co...many of the financial advisors, commentators and the like have only come of age during central bank balance sheet expansion...they are the experts now, borderline mocking the wise elders such as Munger and Buffett, how …
Not as bad as the afternoon in ‘87 when the Dow fell 27% during the short time I was driving home from work. Or as bad as the day in ‘08 when I happened upon an old HS buddy literally in tears because half his IRA had been wiped out in a few months …
Actually, Hussman’s flagship gained a bit more than reported above by @Baseball_Fan
HSGFX +.29% yesterday.
As @Derf reported, PRPFX (which I also own) was up slightly. A miracle considering several of its components were soft on the day: equit…
Lots of breasts here. Stocked up during the worst of Covid.
Kicking myself now for not buying wings.
:(
@Derf - Let us know when it’s safe to buy stocks again.
Agree with @Mark’s May 7 post (“Mr. Obvious”) / Remember 50 years ago when the “futurists” were all predicting that some day everyone would have to work only 3 or 4 days out of a week to make ends meet because with technological advances life would…
@BenWP - You can’t go wrong with RPGAX, IMHO. I expect it to lag a while until the dollar eventually weakens. Then the international exposure will begin to help. That said, the fees are high on it. FWIW - My equity exposure isn’t high and is prima…
@Baseball_Fan - Barron’s Is a fine publication (celebrating its 100th anniversary this week). As for hot stock or sector plays, with a mass media audience and appeal it probably isn’t as timely a predictor as what a good student of the markets (yo…
Was anyone aware at the time that DODBX has been shorting the S&P 500? Just uncovered that tidbit last evening in reading their December 31, 2020 report. Helps explain why the fund’s been stomping a lot of otherwise fine competitors this year.…
Heights make me dizzy. Sold off a (partial) chunk of PRPFX today (mentioned previously in the still running inflation thread). +20% YTD and +56% for 1 year. Owns companies that deal in commodities, real estate, natural resources. As such, it’s m…
Screw SNL and screw Dogecoin. What a farce, both of them.
If you want to invest, don’t discount any media - however lowly. All have the capacity to move markets in the crazy era we live in. So, turning a blind eye is not in your best interest. …
@JohnN - It’s all tied to SNL tonight.
“The cryptocurrency dogecoin, one of Musk's favorite market playthings, has been trading higher in anticipation of the SNL appearance.” STORY
Depends. Do you have good low latency broadband and TV receptio…
I'm starting to formulate my strat of what stonks I would buy in a downdraft ... @Baseball_Fan - Stonks? Would that be stinks or stocks? :)
It hurts a little when markets tumble, but in recent memory it’s always proven a great buying opportuni…
Yellen’s comment must have served to strengthen the Dollar on the currency exchanges, Most everything I own tied to non-dollar assets took a hit. Just by way of example: Miners lost 1.15% across the board. OPGSX, PRELX and RPGAX among my worst per…
Well …. Maybe folks should check on whether the car they’re driving is insured at replacement value as well. I can remember when $40,000 (average new vehicle price) bought a pretty decent house.
“Earlier this year the average cost of a new vehicle…
+1 @Catch
Whenever I’ve inquired of my agent in the past, they’ve told me there’s an automatic yearly increase in home value that gets factored into my policy - so the insured amount rises every year. If you’re asking whether my insurance has “gon…
@hank : You said, " On a sharp equity selloff, I’d probably cut that back a couple %." With -1 on the short side of equity that should be a positive. Presuming the shorts & longs cancel out .
Just won…
:) Thanks for chiming in guys.
@MikeM - My less than expert take is that a lot of the cash / bond position is actually held in “reserve” to back the short positions. And that that method of displaying is to comport with SEC disclosure rules.
As …
… just asking what % would most seem apropos, is it 10%, 15% etc.”
For many years I kept 10% in my “real assets” sleeve - which always included a commodity & real estate fund - and occassionally a mining fund. I kept another 10% in internation…
I think your question is pretty far out in left field. Whatever my thoughts on inflation or the economy I’d never risk all my assets on commodities, gold or other. Moderation in everything.
PRAFX is a decent fund at TRP. Buys stocks that profit fr…
Quadrillion comes after trillion;refers to the number of mosquitoes in Alaska and Northern Maine, starting about this time!
Had to put the daily hiking in the dunes on hold until the bugs clear out - all up an down the lakeshore. Mosquito repellent…
Under David’s stewardship at MFO the Dow Jones Industrial Average has roughly tripled, rising from 12,800 on 4/29/11 to near 34,000 today. Stepping aside at the top is never a bad idea. :)
And - thanks for everything David. Please continue to po…
Dam’t! You’re fast OJ.
Yep- Somehow after a long hunt I came across an obscure link in close proximity to Amazon’s “robotic chat line” called “communicate with a live representative”. Clicked it and got into a good chat with a human at the o…
@Baseball_Fan,
I take your question as directed at the broader audience here. Personally, I don’t have anything very incisive to say or add. FWIW - Here’s the portion of the linked article I was succinctly referencing for @Catch22 who’s apparently…
I think electrical problem is a much encompassing risk to the aircraft than ice build-up …
Agree. One function the electrical issue impacted was the warning light that would inform the pilots that the anti-icing devices on the plane weren’t operati…
Thought about clicking the link; but too many other chores on my list.
It is asking too much for a snippet overview of a link??? A gracious and polite consideration, IMHO; by a poster.
@Catch22 - Here’s a succinct snippet if you’re too busy to re…
At what point does this kind of BS become criminal? Intentionally sowing distrust in the election process. Seeking to illegally influence the election result by suppressing voting while at the same time causing some to try and overthrow the results…
@hank- As you know only too well, a general labor shortage is a very different thing from a trained/specialized labor shortage. You can't pay just anyone to "go to work" and then turn them loose on your plumbing or any other craft requiring training…
“ … every human creature is constituted to be that profound secret and mystery to every other. A solemn consideration, when I enter a great city by night, that every one of those darkly clustered houses encloses its own secret; that every room in e…
@LewisBraham -
I should have said “unspoken elephant in the room”. I agree that’s not mentioned in the article. It is, however, my overarching fear of what may come of attempts to make the content more appealing to a wider audience. Thanks for cor…
I think it's worth reading this article in its entirety before passing judgment. A lot of important insights into the situation.
I hadn’t read it completely before posting. Having now done so, much of the issue seems to stem from (unsubstantiated) …
“... I'm not sure why there is an assumption in mass media that someone who is famous for one thing is necessarily great at everything? It's sort of like having actors and reality TV stars in politics.”
Well - Commercial TV in general stinks, a…
Krugman argues against the super-core inflation thesis. His title is somewhat of a straw man which he proceeds to knock down. To that end he agrees with Jay Powell that the bout of inflation we’re about to witness will be “transitory” (Powell’s wor…
Thanks Catch. What I’m wondering is whether the numbers displayed have been adjusted for changes to the method of computing CPI over that time?
https://www.investopedia.com/articles/07/consumerpriceindex.asp
As the linked article points out, some …
