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.
Good stuff from @Catch22. The drivers in this state have gone crazy. Serious s****! The latest fad is tailgating with full brights on so that you have to switch your RVM to nighttime setting, if it has one, to avoid being distracted.
I always wond…
Thanks @Crash. Nice pick!
Tariffs to be imposed on so much more than Scotch.
Full List Here
From the list @Mark linked: “Single-malt (or straight) Irish and Scotch Whiskies (described in 2208.30.30)”.
Wonder who wrote that list? Do they realize t…
OJ & Derf - I didn’t watch that series, but have some knowledge of Jr. & Sr. Shocking to realize that Hank, Sr. died at 29. Not a big country fan (as when I was younger), but some of the harmonies old Hank created during those 29 years are…
If that (50 year record) unemployment figure is to be trusted, I graduated from college during the last year in which unemployment was this low (1969).
Wonder how well folks are doing on income and quality of life compared to than? It’s likely i…
I might have to switch to bourbon.
@Crash, Sorry - But on that one I’m in full agreement with Hank Jr.
“Lordy, I have loved some ladies
and I have loved Jim Beam.
And they both tried to kill me in 1973.”
https://www.cowboylyrics.com/lyrics/wil…
“ ... a fast-rising share of investors are so nervous about the future they're willing to actually lose a little money by lending it to a borrower that is almost certain to pay it back, rather than risk betting on something that could go bust.”
Mak…
I’m only beginning to understand the limitations advancing age imposes on your ability to invest. Been slowly taking risk off the table over past year or so. It’s been a good year - but my 10% exposure to “real assets” (notably energy) really sting…
that easy-fix just buy wild turkey or Hennessy.
Except that some of us have better taste. Stocked up this spring when the state LCC customarily drops on a few brands. So good for 6 months. Will probably ditch single malts and drink Cutty &…
Thanks @Old_Skeet,
Of course, “short equities” can have two rather distinct meanings. I’m quite confident you intend it as in “underweight equities.”
Not much to add. I haven’t liked these markets for a long time. But my “foolish consistency” (b…
As of market close October 2nd Old_Skeet's stock market barometer reflects that the S&P 500 Index is now oversold with a reading of 161. With this, I'm thinking there is more downside to come.
Buy, Sell or Hold?
“And to know that these monthly payment numbers may based on mostly really low loan rates, perhaps spread over up to 72 months
In northern MI there appears a “disconnect” between the mean income levels (just based on observation) and the number of…
Any Sept 19 data?
Yes there is. However, the September 2019 news is even worse than a year ago. It’s so grim I was reluctant to link it at first. Afraid it might trigger a steep market selloff. :)
Here it is: “Grim Start to U.S. Auto Sales Stirs …
@bee, Thanks for the chart.
However, two on that list must be the previous day’s quotes. Both Lipper and M* are showing FSMEX and POAGX down October 1. Each lost about 1.5%. Many quotes seem to have been late or fluctuated back and forth betwee…
Bloomberg’s all over this. Horrific day for the brokerage stocks. One dropped 25% today alone. Reminiscent of the Detroit area gas wars of the 70s when you had four different brands on every corner and they’d dog it out, undercutting one another d…
Re: Tips for Successful Long-Term Investin (sic)
“Peter Lynch famously spoke about "tenbaggers"-investments that increased tenfold in value. He attributed his success to a small number of these stocks in his portfolio. But this required the discipl…
It seems to me the real ramifications here are for the other riskier markets. Two reasons:
(1) These low cash rates are encouraging investors to take on risks they’d normally not assume were cash yielding a decent return - maybe in equities, mayb…
I think this is the incident that I was referencing. Certainly, it does not identify TRP as pro-Republican or pro-Democrat. Sorry if I gave that impression:
In 2003 Republican Senator Michael Oxley tried to pressure mutual fund firms boards of dire…
CNBC-West is trumpeting this story Sunday night. And Asian markets are weaker on the news. Note: They not only propose to delist Chinese stocks on the exchange, they would also prohibit government pension funds from owning Chinese stocks.
Sounds to…
Hey Ted and Hank,
A powerful reminder about the advantages and disadvantages of bond convexity, yes?
Brian
So that’s what Grant is talking about? I don’t pretend to understand convexity, but am working on it. I gather it’s a somewhat sophisticate…
Good Lord. When I clicked on this Barrons article it downloaded completely. :)
I’m a little confused where the article is going. But it’s about the ultra low/ negative rates globally and how that has impacted investor attitudes. Mentions inflation …
“Sue claimed in court papers that her ex, who founded PIMCO — the Pacific Investment Management Co. — left their home in Irvine Cove, Calif., a smelly mess at the time, leaving empty bottles of “puke” and “fart” smells in the garbage and dead fish i…
Notice how POSTUS isn’t satisfied just to insult those he thinks have encroached on his dead threads? He also somehow feels compelled to demean those who participate in live discussions.
Ditto OJ.
Is it possible the FAA, for whatever reason(s), is more politicalized and also more subject to pressures from vested interests?
From a glamor standpoint the FAA has the “classier” job. Nothing at all glamorous about sifting through burn…
@Crash. Ditto on deplorable MI roads. We often remark on how much better the surfaces are when we travel to other states. The other day we returned to DTW and took the shuttle to our parking lot. The short ride was so rough that I said, "Well, we kn…
New today: NTSB Faults 737 Certification Process, Issues 7 Recommendations
As an air traveler, I’ve experienced some of the hardship from the 737 MAX being out of service for so long. It’s cut severely into some airlines’ operations. American has …
POSTUS? Ted’s new title? ;)
@Old_Joe - He’s way too busy linking to proof-read anything. It’s a wonder his Commodore 64 doesn’t overheat and experience a nervous breakdown.
I can’t see why impeachment would affect the markets much anyway. Big ya…
Yeah - Checking M* I get figures (for OSDAX) at or close to msf & Carew388. (1.78 @3 years and 1.33 @5). Sorry for the misstatement. Now, if somebody can explain to me how Lipper could screw up those numbers, I’d feel better. Have used the MW / …
Why Did Thomas Cook Collapse? (from The Guardian)
Among the reasons:
- Disastrous Merger
- Internet Revolution
- Huge Debt
- Cheap Start-up Airlines
- Climate Change
- Uncertainties about BREXIT
“Thomas Cook only narrowly survived a near-death …
All good stuff above.
I benchmark against a decent 40/60 allocation fund (TRRIX). Mainly I’m interested in having similar or lower volatility than that fund exhibits most days and keeping slightly ahead of it in total return longer term. I’ve own…
- I'm sorry hank, but the MFO thread you cited only contains an article saying that Thomas Cook collapsed. That article doesn't say what "collapse" means ... All I get out of that other thread is that Thomas Cook has fallen on hard times, as refle…
@Ted, I scanned all of today’s posts by title before posting this. If you mentioned it under another title, than of course I would not have noticed. Are you saying ALL of every day’s investment news is off-limits for others to post? The Thomas Cook…
Per Yahoo Finance BBBMX and TRBUX have better 3 and 5 year returns than OSDAX.
I don’t know anything about BBBMX. But Lipper puts OSDAX solidly ahead of TRBUX for 3 and 5 years. (Neither has been around yet for 10 years.)
3 years: OSDAX: 3.33% …
"Generally, there’s a very “slanted” tone to much of the NYT piece"
• @hank- Yes, that's my impression also, but it does contain a wealth of background information that hasn't been given coverage so far in the major media (at least that I've seen).…
