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.
“We're still above 2016 levels in the market ...”
On the last trading day of 2016, the Dow closed at 19,762 .
Currently, the Dow sits at 19,185 .
Remains to be seen if the Dow finishes the day still below 2016 level. Always possible they’ll sh…
If we’ve entered a bear market, they tend to be drawn out miserable affairs, where every time you think it can’t go lower, it goes lower.
Maybe @Simon will check-in and let us know when the Great Bull Market of the next several decades he’s long …
Nothing different. I sold a few things in mid-Feb that had gone up to what i thought were nosebleed levels, and then was able to buy them back in recent days at prices lower than what I paid for them originally. At the risk of sounding like I'm gl…
@rono has it correct, as usual.
Here’s from one pundit I follow:
“... other than to say there's going to be massive stimulus coming and we're going to have a lot of pain, it's very hard for me to come up with any kind of cogent plan for the near …
I feel like I've stepped through the mirror into a "the-world-is-ending" science fiction movie.
I think more and more of us are feeling / beginning to feel that way.
“Give us this day our daily bread ...” - Who in hell ever seriously thought we’d…
Hey, OJ
I'm noticing pretty much the same thing in the northern part of Michigan's lower peninsula. (If viewing a map, that's the top half of the mitten-shaped part.) Not as empty as those SF shots, but few folks moving. Grocery stores that have…
Hi Folks: You never know when you post a new topic whether anyone will notice / or care / or comment. Appreciate the wide range of opinions expressed here. I‘ve edited the title a bit at the top after watching both CBS & ABC News this evening.…
Thanks @David_Snowball for commenting. This non-investment thread is a perfect example of the difference between the “Other Investing” category and the “Off Topic” category where this one firmly rests.
Yep - The human toll at this point is looming…
Re - Trump faces echoes of 1929 in coronavirus crisis.
I could give you 10-15 “reasons” why that will happen. But could have given you just about as many reasons before the C-Virus erupted. I’ve found that investing based on predictions is a g…
Apologies @Tarwheel - The Roth is mentioned in your last 4 lines. I missed it. Someone here was making the Roth conversion suggestion a few weeks ago when markets were much higher. If they liked the idea than, they should love it now. At 73 I’m eve…
“Let's get fiscal.
I want to get fiscal.
Let's get into fiscal (now).
Let me hear your policy talk.
Let me hear your policy talk.”
Man! What a cool job you’re done mimicking the rythm of “Surfin Safari” by the Beach Boys.
Nasty. Nasty. Even though I’m adding almost daily now, I’m aware this might be a near bottomless pit - even a potential replay of the 30s in which the pain lasted for a decade or longer. That thought should always be in the back of every investor’s …
Sounds like a tough decision.
Just a thought ... If not already in a Roth, look into using any additional income to pay taxes on a (whole or partial) conversion of existing assets. I’d convert in blocks, rather than all at once, over weeks or m…
“ ... almost seems like an early Xmas present”.
@Mark - My thoughts as well. Haven’t looked yet, but market levels must be getting back to about where they were sometime in 2016.
Just checked. On last day of trading in 2016 the Dow finished at 19,…
Added to DODBX today.
Thought about OPGSX - but it appears the miners are up today despite big declines in gold and silver.
Yikes - DJI down 3,000. Just slipped a bit into PRWCX as well (2 minutes before close).
(I don’t believe the world is a…
FWIW - Trump just announced: nation-wide ban on gatherings of 10 people or more . *
* Correction: While I thought it sounded like an “order” (and so reported). Bloomberg is now reporting that the ban is simply a “recommendation” from the CDC - …
YTD DSENX lags the S&P by a couple points. But 2.5 months is too short a period to compare. My benchmark TRRIX (40/60) is down about 9% and I’m off another 1 percent more than it is this year. Both are manageable losses considering last year…
Thanks John -
Certainly an extensive and informed conversation. I don’t doubt these guys’ knowledge of markets. But too many parts in motion right now to reach any firm conclusions. I wouldn’t invest in their recommendations - nor would I necess…
Futs don't start pricing until 6 or 630PM ET. They were limit-down when I checked a few minutes ago.Been limit-down all evening. Asia’s mostly deep red except Japan, which is slightly green.
Gold’s been going wild for weeks. Up & down - bu…
Oh - Nothin much Sir ..... It’s just that me and the wife was saying last night that you, Sir, have an almost perfect alibi. Yes Sir. Almost perfect ...
“The Fed has made it clear they will pull out all the stops to keep the expansion going “
Yup. The Bank of Japan’s been buying stocks to support the faltering stock market (and maybe some others), so don’t discount the ingenuity of this gang.
What a mess! Reputable medical professionals on-air today at least “broaching” the idea of a nation-wide lockdown. Doubt that will happen, but am working on getting a month or more ahead on prescription meds and food supplies because who in hell …
Continuously Updated MAP - Confirmed Coronavirus Cases U.S.
https://www.nytimes.com/interactive/2020/us/coronavirus-us-cases.html
Thought this might be helpful in assessing current risk in your area. If already linked, please advise and I’ll dele…
(I’m agnostic on the issue of duplicate links.)
More importantly - on the bond issue Catch raises, I’ve been searching for a word to characterize the present situation. A seldom used noun, “Confuscation” seems to best fit. The word is so rarely u…
Hi Ben - You are correct. Sorry for the misinformation. I must have been “sipping” something along with watching the show back in those days so that the car appeared to be a Studebaker. :)
I don’t know what the “Whoa” is for. Attractive lady. Accomplished actress. And married
34 F’n years. Would hate to tell ya how long mine lasted! Faulk was a physically attractive individual himself. It’s just that they had him made up in that sc…
I wasn’t “calm”. But now have a substantial position in PIEQX (5-6%) which I didn’t have before all the nonsense began couple weeks ago. Plan to hold that one a good long while. About half I bought yesterday. Also sold some bond-weighted holdings so…
@Ol’Skeet - Thanks for the elongated response and to your continued sharing of the barometer. To me what’s crucial is that each have his own philosophy and approach in place so that when these black swans swim into view you have some confidence in w…
“Hey, I'm sorry. I'm making a pest of myself. I am! I know, it's because I keep asking these questions. But, I'll tell ya, I can't help myself. It's a habit.”
I’m in a state of shock. Just back from a week in the Carolinas and the world looked mudlucious wonderful. Hotels were packed. Airlines and shuttle busses operating as normal. People on beaches. The 80-seat plane back home was only half-full - per…
Hi VF -
RPGAX is a great fund. Much better “hedged” than most, as you know. It’s not an easy decision for me. One ingredient in my thinking is I have been holding DODIX as “cash equivalent” in my portfolio and no longer think that’s a viable opt…
@ Old_Skeet - Hope your move works. I’ve been buying too (but my knees are shaking). All relates to time-horizon. I’ve simply decided to live an extra 10 years so everything has time to bounce back.
Been thinking a lot about that “barometer” …
Yes - the ship is tossing and floundering around looking for a port (reminiscent of “The Flying Dutchman” I was planning on seeing in May). I agree with @Catch22’s overall observation. Only a nut like me would try to predict. But here we go:
- Sh…
