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.
Thanks for the material @Observant1 / Nice to know I wasn’t hallucinating about the potentials for tremendous invasion of privacy. I have long been aware that cities like NYC have camera surveillance - and I think for good public safety reasons. …
The entire scene is terrifying. ICE agents dressed in plain cloths, jumping out of unmarked cars, and their faces covered, grabbing people off the streets. Add Marines patrolling some city streets. Makes me sick.
My point above is (1) The masks…
There are a lot of important issues involved in the proposed legislation. But on a broader front, it ties in with the growing use of facial recognition software. Brave new world.
Story #1 ”Imagine you’re walking down the street and a stranger sn…
Agree with @Mark.
Are Actively Managed Mutual Funds Still Worth the Cost in 2025?
That’s a subject of debate. So many ingredients go into that decision, including a fund’s strategy, your own age, your expected holding period and benefits tha…
Thanks @Observant1 for the post. I thought the point on the VIX noteworthy.
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Opening lines from Bill Fleckenstein’s commentary tonight:
”The tractor beam was at work towing stocks higher once again, with the Nasdaq up almost 0.5% and the S&P …
@hank @Old_Joe Thanks for your replies. FWIW One suggestion, When one has a problem with electric appliances, pull the plug & give it (30) seconds to reboot or reset.
Agree @Derf. That’s the first thing I tried.
First of all, who cares?
That’s what I thought. But nothing is above politics. What shall the press label this one?
Tranquility-gate?
Mellogate?
Downergate?
Erasergate?
Chill-out-gate?
@Derf
- Wish I knew how to reset the gas-leak sensor. I didn’t even know it existed. Don’t think it’s a simple matter. But if I use paint or varnish around it again, I’ll cut the circuit breaker first and not power it back on until the odor diss…
+1 Had me mystified. The water heater is less than 10 years old. It’s in a room where I have a small plywood workbench I decided to refinish along with all the other stuff. Found the manual online (off brand) after it went out but never ran across…
@hank- As you have personally noted with respect to your occasional structural improvements, inflation and sometime scarcity of required materials or qualified tradespeople have seriously increased construction costs. The Fed renovation is subject t…
Haven’t done it yet, but considering creating a 2nd “basket portfolio” at Fido using Stack’s 7 recommended ETFs + the 43% he’s got now in cash or T-Bills. I’ve assembled a tracking portfolio and plan to watch it a couple weeks. Not sure what curre…
@Crash
You seem to be very fond of T. Rowe Price.
Not that there is anything wrong with that...
That’s normal. When I moved on to a Fidelity brokerage account (around 2020) I maintained large holds in 3 or 4 TRP funds. Over time I learned ”There is …
Barron's published and article tonight "GM and Ford Get a Raw Deal in Trump’s Trade Pact With Japan" (pay wall sorry, I dropped my subscription).
story here
Thanks for the correction @Junkster.
Thanks @FD1000 for your civil comment and the chart. Personally, I think we all tend to over-emphasize the role of one Administration / President or another in analyzing these market milestones. Domestic and gl…
Maybe AI likes Krispy Kreme … ? (article by Billy Duberstein)
Time to get back to reading Lewis Carroll’s ”Alice in Wonderland”. Makes more sense than today’s markets.
Re DODBX
Morningstar is showing:
47.01% U.S. equities / long only
17.26 Non-U.S. equities after factoring in a 0.15% short position
32.35% Fixed income
2.44% Cash
1% (+/-) Not classified
M*’s listed PE on the equities is 14.36 which is in the s…
Oddly, D&C reportedly just added a skootch of international stocks to DODBX to help stabilize returns. Looks like a "skootch" is 15-20%. M* did something on the changes at DODBX a while ago, IIRC.
+1 We all could use more ”stability” at this …
Mortgage rates will likely rise unless the Fed / Treasury impose some kind of yield curve control. I noted this possibility in my OT.I’ve read that some in high places are considering doing so. It would be a temporary “Band-Aid” - not likely to wor…
I wonder if the recent outperformance of international stocks can continue and begin to reverse this circumstance?
To a large extent that’s a result of the dollar falling against foreign currencies over past year or so. But not all is attributable …
Not sure know which “market” the following numbers represent. But I dug them up in Stack’s latest newsletter. Possibly the S&P 500?
From James Stack (July 18): Current Market Price-to-Earnings 28.3 / Average since 1928 17.7
I’ve chec…
Some have said that Musk has better social media leverage than Trump. And the same might be said of Rogan, who has soured fast on this regime. Both have huge media leverage. Even though both are politically light weight.
Musk could win some lawma…
I happened to catch this one (RUSSO) on PBS. I didn’t even know PBS carried the show. Pretty cool dude. Long term investor who quotes Charlie Munger a lot. Likes Heineken. (There’s a non-U.S. holding if anyone is in need of such.) I’m not a fan o…
It’s getting interesting. Trump may need to move to the left to save his a** eventually as the right fragments. Won’t happen overnight. I’d say Musk (“Who me?”) is quietly behind a lot of the increasing dissent on the right.
(Disclaimer - My view…
To vary an expression often said of boats:
“The two happiest days in a man’s life are: the day he puts up a Starlink dish and the day he takes it down.”
It was great going from cellular-based data when I installed my Starlink setup. Best game in …
I am old school. I haven’t been real enamored of any of the late night hosts since Johnny Carson. Simpler times back then which I miss. Carson wasn’t political, at least in any mean or hateful way.
+1
I think Cobert has tremendous talent but tha…
