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.
”There is also a bit of the conspiracy theorist in me that thinks the FBI knows the motive for the Vegas attack and for some reason isn’t disclosing it. That is unsettling in a different way.”
As I recall, the perpetrator was an otherwise seemingly…
More …
The first one I remember as a teen:”The University of Texas tower shooting” (1966) https://en.wikipedia.org/wiki/University_of_Texas_tower_shooting - They were rare in those days. It garnered much more attention and public outrage than what…
Biden Administration thinks 3 objects shot down likely tied to commercial or research activity and benign.
Story
(I’ve deleted a half-baked theory of mine that perhaps these were spy vehicles deployed from satellites.)
Just sickening. Good kids. Worked hard with the support of parents and teachers to make it to a great university. Might have changed the world for the better ….
Hell, if those are alien UFOs trying to observe what’s going on down here we don’t need…
Given the size of the Buffett's estate, the 90% allocation to stock index funds might be far more acceptable than in this case. If you've got several billion dollars lying around, losing a billion or two to a stock market decline in a year isn't lif…
FWIW - I track TAIL / Hasn’t been able to get out of its own way in the year + I’ve watched it. I realize that longer term it has to fall. But still find the constant slide curious. Points to a lot of complacency IMHO. Even a broken clock …
Blo…
Thanks @catch22. Keep us posted if you see any green (or pink) men wade ashore. :)
Great map. Brings back memories of many road trips over to Manatoulin Island, Canada, on the NE side of Lake Huron. Big car /passenger ferry runs back & forth …
Starting to sound a little creepy now. From today’s Wall Street Journal - 2/13/23:
“The U.S. wasn’t tracking other objects as of Sunday night, said Air Force Gen. Glen VanHerck, commander of U.S. Northern Command and North American Aerospace Defen…
Well … Traveling easterly from Lake Michigan and across the state will carry you out into Lake Huron. Probably 150 miles or so from coast to coast. So pretty sure what they shot down over Huron was the same object they tracked across Lake Michigan …
@hank
FAA briefly closes airspace over Lake Michigan for ‘defense activities’, Feb. 12. Hope no one had a must have flight in or out of TC airport, eh?
One might conclude more than normally scheduled 'air national guard' training has been put in p…
”if you are hedged”
Therein lies the problem. How much to hedge and what instruments to use. @BaseballFan had good luck using HSGFX last year I believe. Some use (inverse funds) SPDN or DOG to hedge. I believe investment grade bonds AAA rated …
I’m beginning to suspect Russia is doing some probing of our defenses (notwithstanding China’s recent balloon). The nearest foreign country to Alaska where some of these have first appeared is Russia - actually visible across water from some points…
Holy crap. My home near Lake Michigan has been repeatedly buzzed by low flying military jets for about a hour today. Noisy as hell.
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As the Beast says in Lord of the Flies, ”This has gone quite far enough!”
What next? Maybe a l…
Question: is there a correlation between 10 year treasury yield to the rest of bond market? This past week there is a pullback on IG bonds.
That’s for @catch22 to answer.
But since I mentioned the 10-year Treasury …. Mortgage rates set by bank…
I always received in the 'comments' section.................'talks to much' or similar …
What an anachronism! You’re really dating yourself with that expression. In addition, your teacher wasn’t a very good speller. :) But, yes I remember the “tal…
I didn’t listen to former Congressman Meijer. But I’ve checked and found him to be a good guy. He lost to a MAGA Republican, having been 1 of 2 Michigan Rs to vote for impeachment.
Not sure whether or not the “alien” comment was intended tongue-in…
+1 - But that’s the way things are. At a very personal level I have in the past enjoyed plunking down an occasional $5 or $10 on the outcome of an NBA game I planned to watch in real time. (Kinda lost interest lately.) So perhaps I’m being hypo…
Kinda saw this coming …
Former Congressman Wonders if the U.S. Has Shot Down an Alien UFO
"The irony of confusing an alien spacecraft for a weather balloon would be amazing but not worth starting an interstellar conflict," the former congressman a…
Thanks for the insights @msf. Not much desire here to read M* analytics - especially after reading your take. As some might remember, I long held some money directly with Oppenheimer, then was moved to Invesco after the buy-out, and finally trans…
“All of the objects are similar in certain ways and then dramatically different in certain ways. What we don’t yet understand is what sorts of technology are in there”
Yikes!
Most likely … Space debris, Unspent boosters, Weather balloons, Refl…
”Note that the reports from main-line news sources make no mention of any unusual attributes regarding the object.”
Thanks OJ - CNN isn’t the most reliable source. And I was “half-listening” to the on-air reporting late this anfternoon and may no…
”Same manager since 1997” Thanks for the follow through Yogi. Very interesting.
Somewhere I heard this fund was more volatile than most but also more profitable. I’ll confess to often reading a forum that’s quite focused on gold / miners. And …
CNN is reporting …
- Pilot accounts differ. Some claim it interfered with their radar & instrumentation. Some dispute that,
- Moving very fast, cylindrical shape
- No discernible propulsion system
- Able to stop and hover in mid-air / change…
Resurrecting very old thread … Sorry for any confusion. Consider this “an oldie goldie”.
Can’t read Morningstar’s “analyst ratings” because I don’t subscribe. But they offer a tantalizing opening bit of their write-up for free. Here’s the lead-in…
”Forsyth in last week's Barron's also had a warning on them.”
Yes. I caught that. Suppose it’s like anything else. Will work until it doesn’t any more. Fortunes may be made and fortunes lost before it’s all over. I think the relevance to myself and…
@yogibearbull - Thank you for the correction. You are correct that the term flash-crash doesn’t fit what happened in October ‘87. I’ve attached an excerpt from Investopedia that more correctly defines flash-crash. I continue to learn so much here.
…
“I've had to cancel a small exchange between funds, 2 days in a row… “
Goodness. I must confess to cancelling a small sell order myself on one of my funds at Fido about 10 minutes before today’s close. Great minds think alike.
Good thoughts from @catch22. Generally people’s time horizon seems to have grown shorter in recent years. We live in an age of “instant everything.” There’s a lot in Barron’s this week about the frenzied buying and selling of ”end-of-day options”…
“Planes Came Within 100 Feet of One Another”
Just shocking. Yes - control tower error. But ISTM the one landing should have been able to detect the other one earlier than that visually or on radar. But just the opinion of an uninformed observer…
+1
Since my OP I’ve seen reports of anywhere from 25% - 40% of stocks held in AAPL. So the 40% I mentioned earlier might not be correct. Not sure. Lots of cash - ISTM in the 20-25% range as a % of portfolio. Of course there are delays in repor…
Probably March 1 if 2021's is any guide.
Thanks LB / “Dated” by the time you receive it …
Just tried PRWCX (although no longer own it). Same deal - nothing yet available beyond their June semi-annual report. Feeling confused befuddled err … “ru…
Thanks @Mark - Excellent piece.
One news report alluded to military U-2s circling the balloon while over the country. LOL - We used those in the 60s before satellites became common to spy on Russia. Very high ceiling. Had no idea they were still i…
