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.
@Crash - Absolutely no knowledge of this company. Umm … all materials sectors were weak today. Generally rising fears of a Fed-induced recession will hit these types of companies particularly hard. Since this one is in Norway, currency exchange iss…
Oh hell .. feel free to burst out anytime. We’re all friends here (despite occasional nit-picking).
Sorry to hear of friend’s passing.
I’m afraid most of us live in different “realities.” I traded a conservative small town upbringing for a car…
No Mike. I don’t know what a 3-wood costs. But likely not as much as I just pre-paid for a room in Manhattan in May! (And work on that nasty slice now.) :)
OK - Ya got me on those cheesy little driver side mirrors. Hard to adjust - but there were some in the 60s. But the passenger side (right side) were late in coming and of course, even then, it was hard to reach over and adjust them when driving. :…
Nice take L.B.
Used to buy those White Castles when visiting relatives in and around Detroit in the 60s. Remember 20 cents. I was making $1.25 an hour than at a summer job at a gas station. No benefits of course. The 3-speed stick-shift cars we dr…
If people believe him, that’s their problem. If FD has any constructive advice re investing I haven’t seen it. Everything is backwards looking. Makes you wonder why any individual would take that approach here …
Well. The hole in the article’s a left dogleg. So if Mike could swing left handed his slice might work there. But, assuming he’s right handed that slice would never cut it. He’d be in the woods.
I thought it interesting that the article notes that some fund managers from other houses are using Blackrock’s bond ETFs as part of their broader portfolios - and in some cases placing short bets against them.
However, the FT ran another article…
Thanks @Junkster.
Looks like I got at least 1 of the averages wrong when I posted last night. I’ll correct / update those as of what Bloomberg’s website is displaying as of around 12:30 today. That’s a very useful tool you linked. I’ve used it in…
To add to the above wisdom offered …
My single best day (and week) last year occurred while traveling outside the country, largely ignoring the markets. Poor Wi-Fi / phone connectivity would have made it near impossible to buy or sell anything. :)
Always liked Dalio. If he was given the ”heave-ho”, as @Sven’s linked article suggests, I’m inclined to believe it had more to do with his public comments about the intolerable, growing and increasingly dangerous wealth disparity in this country…
You are correct @Crash that there wasn't really any place to hide today. A bit odd ISTM. The Fed minutes (from the last meeting) come out tomorrow. I think either investors today were speculating that the minutes will be very “bearish” in tone or, …
Why not lock-up cash in a CD or T-Bill?
I adhere to an allocation model that’s served me well over time - albeit with occasional revision. The “target weighting” for all fixed income is 22%. That’s to be equally divided among diversified income…
Thanks @MikeM. Your take is much appreciated. Generally I’ve tried to add a bit when (10-year) rates approach 4% and sell a bit at under 3.5%. Explains the choice of an etf over a good mutual fund. That said - you may well be right … we dinosaurs …
I maintain very little in cash. Some of my conservative allocation funds and diversified fixed income funds hold a certain amount - so I’ll let the managers work on that corner of investing.
Since I started using GNMA (etf) 3-6 months ago as a c…
Didn’t mean to suggest anyone was talking their book ... :)
I’ve cited Blackrock’s global fixed income head Rick Rieder on a few past occasions who sounds ecstatic about opportunities in fixed income. I haven’t a clue - except to say that 3.85%…
I’ll just note that (bullish) Gibson Smith manages a bond fund. :)
Thanks Yogi. An interesting write-up. These rankings do wax and wane from year to year. Some like American (Capital Group), however, seem to defy gravity and receive top mention re…
Might just as easily have gone the other way. Then $$ would have poured in. So many markets have been running “hot” and “cold” lately. Enough to give anyone the jitters. Point about leverage well taken however.
ARKK +34% YTD. (NOPE - I don’t own it…
”The software giant launched the new Bing last week, promising a new kind of search in which people pose questions to the search engine in natural language … In some cases, the search engine seems to become unhinged and express anger and love. Micro…
It will be interesting to see if the District Attorney indicts any witnesses for perjury.
High-profile witnesses include: Rudy Giuliani, Mark Meadows, Sen. Lindsey Graham, Gov. Brian Kemp, John Eastman, and Newt Gingrich.
I’d guess Rudy’s a foregone…
@Old_Joe … I was ”living large” in those days. Paisley vinyl top and all. Always thought you to be the more practical type. :)
Image / Funny - that $2,800 car brand new now sells for $19,900 used. Damn. Should have held on to it.
@LarryB - interesting. I do recall interest on inventory being hard on dealers. Quite a contrast to today’s low inventories. In 1970 I walked away with a new Plymouth Fury for $2800. The dealership near Detroit was loaded with them all at that price…
Regarding recent WSW attention paid to the “Soft landing, Hard landing, and No landing” scenarios -
Am awaiting the introduction of a new line of mutual funds or ETFs. The ”Hard Landing”, “Soft Landing” and “No Landing” series. Invest in t…
Yes @LarryB - For us boomers there was a bright side in the past round of inflation. Homes / real estate appreciated a lot. Depended on the mortgage rate of course. But with a fixed-rate mortgage, even at higher rates than today, some of us made out…
This article helps explain the European liquidity issue. Monetary / fiscal policy works with a lag. @Crash is correct that the ECB has recently tightened. However for much of 2022 its policy was stimulative. Actually, the point both the WSW guest…
The more I watch this weekly program the less I take away. Sometimes the show’s “highlight” amounts to a 30-second Lewis Rukeyser clip pulled from the archives. For the life of me I don’t understand why most of the discussion is so bland. Not ba…
Friday night viewing (2/17)
Off the Record, our excellent PBS state political discussion from MSU’s WKAR TV devoted their entire 30-minutes to the MSU mass shooting, weaving in nicely the Oxford Michigan school mass shooting from late 2021.
Howeve…
It seems to me about 70% of the time when I sell something it comes back to life.
Frustrating, isn’t it? I’ve had 2 or 3 like that the past 3 or 4 months. One stock I bought on a Barron’s recommendation in the fall only to watch it decline more…
Model Portfolio / Allocation Model … ?
To me they mean about the same thing. In essence, these are planning devices to help assure the risk you are taking is appropriate to your own situation and that you are well diversified across asset classes. …
Thanks all for the above insights!
Kolanivak isn’t just another market pundit. As a spokesman for the investment arm of JPMorgan Chase he commands a very high stature. If size and financial influence of company or institution is considered, the ad…
Thanks @Crash.
Question for anyone in the know … Does J.P Morgan service clients (other than MarketWatch / media in general) who pay extra for “superior” investment advice, or do they meet out such advice impartially to rich and poor alike and a…
”Watch out for the mutual funds, though."
Depends which funds I suppose. Some of the miners (p/m and industrial) were flat or up slightly. But some of the p/m miners got hit pretty hard today. Gold actually gained a tad. A few funds I track (but do…
@Hank. Re: TAIL. isn’t that managed by the great Meb Faber?
From the Prospectus: “Mebane T. Faber is the portfolio manager for the Fund and has managed the Fund since its inception in February 2016.”
@larryB - I’ve dug up a fairly recent int…
@AndtJ / Thanks for sharing. You motivated me to read the Wikipedia article I’d linked. Yikes. What a sad but intriguing look into the mind of this psycho. Material for Capote or Hitchcock.
