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.
Nvda gained more market cap in one hour than total market cap of AMD
Please don't tell me this stock market is anything but insane....and you're supposed to fund your retirement by quote investing end quote in it
Recent market activity, including …
Generative AI (ChatGPT, Bard etc) is benefitting the big techs - MSFT, GOOGL, NVDA, etc. Of course, NVDA (semi-chip designer) jumped today on huge beat on sales and profits due to high demand from AI, and the related stocks TSM (semi-chip manufactur…
Gold “jumped” $3.00 after the announcement - but has been hammered daily for about a week and remains stuck under $2,000. Can’t get out of its own way.
Couple thoughts on the potential credit downgrades …
(1) Fitch is citing “governance” iss…
And on that glorious day, cancer will be cured, world hunger/poverty will be eliminated, humanity will agree to start working for its own betterment instead of profit, and unicorns will prance freely around the National Mall....
That’s called Rainbo…
If the "scholars" on the Hill settle the US Debt issue within the next week, could we see a +10% equities market RALLY instead? Stocks have been holding the line, and volatility is still low. Not many folks out there are forecasting an early sum…
Daniel Ivascyn, Alfred Murata, Sonali Pier, et al. also manage the PIMCO Diversified Income mutual fund.
It’s nice to be discussing something other than money market funds and T-Bills. :)
+1
Unfortunately, Zuck epitomizes the whole creepy “everywhere” internet / technological spying and tracking apparatus. Hell, wait until AI takes charge. We might find ourselves wishing for the return of only half-competent operators like Zuck.
…
I detect a note of hysteria in this thread. :)
Calm down. Everything’s going to be OK. If all else fails the govt. will print more money. (It’ll just be worth a little less.)
We survived ‘07-‘09 in terms of money market funds and FDIC insured b…
Patience sometimes pays off, eh, @hank? I've been tracking Brother Industries out of Japan. BRTHY.
https://www.stockrover.com/research/insight/summary/quotes/BRTHY
Thx @Crash. I rarely sell something that’s down. (But occasionally head for the exit …
Just from general reading, Buffett is high on cash - apparently leery of valuations. That would be in line with @Crash’s comment re BRUFX. As noted previously, Buffett’s been buying in Japan. ISTM the S&P is inflating due to a handful of stoc…
Don’t mean to hijack your thread @Crash, but I suspect there’s at least a remote connection here to the right wing zealot(s) now running Florida. Disney has pulled the plug on a $1 Bil investment in Florida after the governor stripped them of gover…
Anybody care to speculate on what caused BAMBX to fall to earth after several great years? From 2016 through 2021 it was positive every year - delivering (by my estimate) around 5% yearly returns on average. That type performance from a low / mod…
No one size fits all. If we get back to 15% on CDs like under Volker I’ll take a look. Generally, I’d rather invest in things than in cash. That’s just a personal prejudice born of 50+ years watching markets. Now the problem for me with locki…
I owned BAMBIX through most of 2022 (10% weighting). There’s a great thread on it somewhere in the 2021 or 2022 archives. Sold it to move into a more aggressive 40/60 conservative allocation fund after markets fell so much in ‘22. But I keep it in…
@Old_Joe - If you missed it, in the May Commentary David mentioned we need to recruit some younger readers and wanted suggestions. Maybe you’re due for a name change? Something more appealing to those under 80?
:)
Well, I dunno, Martha. Give us a leg shot.
Yeah - I’m sure there are better lookers. I just admire her take on aging. Just because you’re old doesn’t mean you have to act old.
I did not understand the initial question as asking individuals to justify why they own any particular asset themselves or what they advise others to do. I regret having responded, as I don’t have time to wrangle with others over whether they shou…
Well @Derf - “departure” may not be the best word here.
A tribute to @TheShadow who must have incredible sources. I’ve searched the web + Bloomberg and have found nothing yet on this tragic loss of a prominent fund manager - but plenty of glowin…
Catching falling knives can be very painful! It is hard to predict how long that pain will last.
Yes. Know what you’re buying based on the best information available. Go in slowly. Hopefully build up a position gradually at better and better price…
There’s a whole other issue of whether the fund is dollar hedged, partially so, or not at all. You can find international funds in each camp depending on whether or not you want to hedge against potential dollar weakness. If you believe the dollar…
So if you buy a used car with the heater & heated seat turned on, you have to buy a subscription to turn them off?
:)
From an investment perspective, just as you and I might enjoy having a steady income stream so do auto makers. So they’re will…
Let’s turn the calendar back one month …
From CNN April 14, 2023
”Main Street’s retail investors have barreled into embattled bank stocks. It looks like nothing tempts people to bet on an industry more than bargain prices, even if they’re caused b…
Yes I maintain a little in a global bond fund and also hold a high yield mini fund. They’ve long been part of a well diversified low risk portfolio. Bonds & bond funds got whacked in 2022. Worst year for bonds I can remember in more than 25 y…
Yeah - It’s a lot different today than when Netflix started out. Back in the DVD days they carried almost everything. Now each provider has their own domain and they don’t much overlap. I dropped Netflix long ago for that reason. Like I said earlier…
Ditto what Catch said. The streaming services can be clunky to navigate. Each one is different. Need to identify their search option. Sometimes it’s a symbol (like a magnifying glass for example) you click first. Then a blank field pops up where yo…
“In the meantime, I'm considering selling all our TRAIX except for placeholder amounts and purchasing bars of gold.”
Oh yes! Please buy gold! Everything I have connected to precious metals got pounded this week. Nice promo for gold from Randal …
It’s very interesting that nothing was said about Summers’ absence. Possibly he’s traveling outside the country or on a vacation. But very puzzling indeed. More likely he’ll join Carlson & Lemon as recent TV cast-offs. I can’t imagine having…
FWIW saying I reloaded the liquor cabinet and went long on popcorn futures the other day. So I'm ready for whatever may come from these lunatics across the river from me.
That’s a lot to digest.
+~9.6% and +~8.11% as of a minute ago ...
Thanks much. Even I can grasp that. Simply stated. Guess I’m getting a bit unnerved by all the extraneous noise. Added a tad to cash today.
