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.
@hank, actually, the market peak was around early Nov, 2021. Downhill from there. At least by my accounts.
Thanks @MikeM. You’re correct. November 8, 2021 for the S&P. Wikipedia S&P Closing Highs
Markets did climb a bit very early in 202…
ISTM the Barron’s (Roundtable) gurus made some predictions on where the S&P would end this year. Ranged from a low at / below 4,000 to around 4300 (David Giroux on the high end). Sorry - have scanned the back issues and can’t locate those predi…
They should start charging people for all that free advice they’re always handing out for nothin. No wonder profits are slim. How can you make money giving stuff away?
Hindenburg specializes in blowing-up companies. TMK there’s usually a factual basis for their claims. But be aware they’re biased against the stocks they short. Did a real number on DKNG about 2 years ago (not that the stock needed any help skidding…
” … the knowledge gained and the monetary reward pays the cable bill over and over. Money very well spent.”
Yup - Sounds like “the nuts and bolts” of it … :)
+1 @catch22
Just curious - Desai recommends CPREX, a real estate fund. Darned if I can dig up anything on it from multiple sources and / or trackers.
Morningstar, for one, says, ”Like guarantees of future returns, this page doesn’t exist.” :(
”All Barron's Roundtable interviews were done in NYC on January 9. Info is released piecemeal in 2-3 weekly installments (3 this year).”
Thanks Yogi - Should have checked date of interview. A bit surprised it’s that old. So much has happened in bot…
Some thoughts on bonds from David Giroux, manager of PRWCX, in this week’s Barron’s:
* “My last recommendation is a bond. I echo the view expressed here that fixed income hasn't been this attractive in a long time. We invest in high-quality high-y…
Don't look now but ARKK is up nearly 20% YTD. A lot of that might be due to TSLA but I hold neither.
You don’t really “hold” those kinds of investments. More like “riding” them.
About -15.4% off on the S&P 500 from the high of 4796.5 set in January 22.
Possibly what @Junkster referenced … S&P Value Index:
Ticker SVX - “We measure value stocks using three factors: the ratios of book value, earnings, and sal…
It’s been a decent run past month or two. I realize most don’t pay much heed to the DJI. But I’ll note it’s near 34 K - Not too far below where it topped out in early 2022 - around 37 K if I recall. Of course the S&P and NASDAQ still deep in t…
It sounds like some AARP discounts may be worthwhile.
I'll probably join and test them out for a year.
Not a bad idea. You get a real solid plastic card with your information & expiration date imprinted on it - not some flimsy paper piece of …
”According to a Bloomberg TV report, the chaos has been traced back to an employee who accidentally left a backup system running at the NYSE. The system helps to prevent disasters, but in an ironic turn of events, it ended up being the cause of Tues…
Been member 25 years. 3-year memberships cost little.
I don’t use any of the “benefits” except that on very rare occasions it has gotten me decent discounts at hotels (5-10% off) that offered no “senior rate.” However, 90% of the time there’s …
@MikeM - Giroux
Photo of current Barrons ”Brain Trust” at work making 2023 predictions (Barron’s Cover / January 23, 2023). The numbers I earlier cited for Giroux’s 2022 picks appeared in the January 16 issue. Abby Joseph Cohen and David Giroux…
“Wonder Boy” didn’t exactly set the house on fire.
GE - 17.1%
BDX + 4.0%
TMO - 9.1%
KDP - 2.9%
TEL - 26.2%
AMZN - 48.3%
(1 year returns including dividends)
Guess I’m missing something. (Of course just their best guess.) But those are average annual returns - positive not negative. And likely to exceed both inflation and what cash / short-term fixed income would provide. Just eyeballing the list of equi…
"Two feet of snow, slush and ice here on top of frozen soil and heading 10 degrees below zero (F) for the next several days. … I do have plenty of good reds, firewood, and stacks of books available.
@Mark - Sounds like a living hell out there. Some …
Curious if Lynn Bolin recommended any specific fund picks in his article for 2023.
Ummm … In a roundabout way yes - there are recommendations. Tons of funds are listed, analyzed, compared. They are grouped into many different categories. He does …
Geez. I just left a “non-political” thread on the subject to come here. :(
No problem. Carry on guys.
Of course, Putin could render the entire topic mute by lobbing a nuke or two over there. You don’t suppose he follows U.S. domestic politics?
Didn’t mean to go on a tirade Fred. . Money markets? CDs? Possibly. But what do they invest in? U.S. Dollars. And a dollar bill isn’t worth the paper it’s printed on - or the ink so scribbled - except for the “full faith and credit” of The Unite…
@Fred495 - From your OP: “As the OP, I specifically asked: " Would, for example, FDIC insured CDs be a place to hide out from a US government default?”
Of course not. The FDIC is an agency of the Federal government. What makes you to think that a …
can't get in. but thanks for playing, anyway. :)
Try this link. Should get you in at least 1 time.
https://seekingalpha.com/article/4571846-investment-picks-for-retirees-in-2023
@hondo - I don’t know if you considered mine “political” in nature. But I’ve gone back and deleted 3 or 4 references to politicians or political affiliations. Also deleted one mild expletive (getting really good at this).
I agree with your protes…
Geez - Jeremy must be getting paid by word count.
He seems most bearish on the S&P - forecasting 3200 by the end of 2023. I think it’s unfortunate most media (and investor) attention focuses on 3 indexes. Of course there are hundreds of diffe…
This (delete) rhetoric goes back at least to the (delete) beginning 50s or 60s. Subscribed to (the then very excellent) U.S. News & World Report as a teen - always enjoying reading of current events. So, the “can’t run a household this way” ref…
Just sad, and even sadder because it's so predictable now, and nothing meaningful will be done. All we'll hear is the usual "thoughts and prayers" platitudes.
Yup. We’ve come to expect and accept the inevitable. These tragedies temporarily bump a…
Randall Forsyth makes a case for gold in the current Barron’s. It’s a bit complicated. Goes beyond traditional arguments. (I’m decidedly agnostic on the subject.)
I’ve updated this thread to include the new 2023 numbers.
Prior 2022 (complete list): https://en.wikipedia.org/wiki/List_of_mass_shootings_in_the_United_States_in_2022
New 2023 (list to date): https://en.wikipedia.org/wiki/List_of_mass_shootings_…
Not a big proponent of tech analysis. However, several sources I follow have in the last week or so referenced this “breadth thrust” (bullish) indicator. If nothing else, word of it may have induced some investors to take more risk and might be re…
Hey - You’re getting what you pay for. Right?
And who would have forecast the S&P / NASDAQ would be up 4.7% and 8.6% respectively 3 weeks into the new year? (Probably not the International Monetary Fund)
“Is an ETF trade what you are thinking about?”
Oh no! Just tossed out a guessing game if anyone has an opinion. If one was trying to trade the 10-year or other bond (or related fund) of high quality / intermediate duration, where on the rate curv…
Is there a particular spot in the 10-year treasury yield that might be advantageous for buying or selling if one were predisposed to timing? (speaking of investment grade intermediate term bonds). ISTM perhaps 3.5% might be in the ballpark - the …
“I have nothing against Jonathan Ferro but Katy Greifeld is very easy on the eyes.”
That appears to be a requisite for women working at the network. Have always wondered if Mike does the screening himself … ?
Vonnie Quinn is one of my favorites …
Check out the market cap. Around $103 M doesn’t even put it in small-cap territory. Very small companies’ stocks tend to be both speculative and volatile.
The numbers: Typical market capitalizations
From the above: “Companies are typically divid…
There never was pop music like in the late 60s thru the early 90s. So much beautiful memorable work. From Simon & Garfunkel and the Beetles on thru some of Streisand’s pop hits - and of course including Crosby. And we took it for granted that…
