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.
This was my first time listening to Tracy Alloway.
I was impressed with her thoughtful insights.
Kristina Hooper was just ok.
LOL - I had the opposite reaction. Thought Alloway (Bloomberg Media) came off as dominating the discussion and professing t…
Interesting article near the end of Barron’s print edition (September 26, 2022) credited to Rick Lear of Lear Investment Management.
Caption - “What Investors Got Wrong About Risk”
Basic premise seems to be that fixed income, particularly bonds…
The leak was in the “quick disconnect” fitting used in fueling it.. That’s a lot of liquid hydrogen to be sitting atop. Many different fuels are used in rocket engines today along with an oxygen oxidizer in varying proportions. Musk uses the more…
It’s interesting that as of yet the media has not picked up on Putin’s war as a contributing factor to the demise of many global markets. I’ll cede that Fed actions / rising rates are largely to blame. But Putin’s calling up 300,000 conscripts,…
”Dam the torpedoes , full speed ahead!!”
Aye aye @Derf / We’ve scuttled most of the cargo, thrown the oars into the boiler and getting ready to fire the lifeboats too! Full speed ahead!
In a recent interview on FOX Trump suggested the FBI was really searching for Hillary’s emails at Mar-a-Lago. Had Sean Hannity shaking his head. The Cobert clip was awesome. Watched another equally good one by Trevor Noah last night.
What’s either encouraging - or scary - depending how you view it, is that virtually every asset class is in free fall. Oil’s in the 80s, down from north of $100. Gold’s under $1700, which is about as low as it’s been in 3 or 4 years. Bonds of cours…
Wow. Thanks. I haven’t noticed Jupiter nights lately. Maybe it rises late. Will keep an eye out. Saturn (yellowish) was pretty visible a month ago. Mars, methinks, is clearly visible evenings now.
Today was a lot nastier than the index numbers reveal. My GNMA fund fell over 1%. Rare. Banks continued to get slaughtered. Many down over 30% YTD. Due to both the inverted curve plus fed’s (regulators) making noise about higher capital reserve requ…
Interesting. It was 3/8 or 3/9 2009 that the terrible bear market ended. A Monday or Tuesday as I recall. The 5th (lowest sentiment reading) was probably the Friday before. I phoned Oakmark and D&C on Friday to get instructions for Roth conve…
@AndyJ,
Thanks for posting the Colbert clip!
+1
Can’t wait to watch it. Should go best with a jigger of scotch later!
(Long day here trying to catch various falling knives)
I know ARKK doesn’t use leverage (Thank the Lord!)
I was using the term to describe the companies ARKK owns which rely on heavy borrowing to stay afloat. Perhaps wrong choice of words.
… So, if the futures get worse, tomorrow's news may be that th…
Interesting proposition. Thanks @JohnN for the post. Beyond my pay grade. I do think that as a “hedge” against a total wipe-out in equities and other assets he may be right. Nobody really knows. Returns on different assets are all relative - depend…
In the past 6 months I’ve had to phone Fido only 2 or 3 times. (d) So their website is incredibly sophisticated and able to anticipate 90%+ of your needs. But phone support is very good too. Today the Fido phone reps set a new record. Their websit…
OH, yes- he was told, and told, and told. But, you know, he's not a great listener, especially to anything that he doesn't like to hear.
First, Thanks to @Old_Joe for adding so much pertinent documentation to the thread.
It’s hard for me to discuss…
“Hog Butcher for the World,
Tool maker, Stacker of Wheat …
They tell me you are wicked and I believe them...”
(Opening lines / Carl Sandburg’s “Chicago”)
Sorry. Couldn’t resist. :)
… from what I've seen so far, I have hopes for her son, Charles. He seems to have his head screwed on correctly.
After him, though, it's anybody's guess.
Kinda points to the flaw in monarchical systems. Currently viewing / studying Shakespeare’s …
FWIW - “Phantom of the Opera” (technically not an opera) will be closing in NYC in February after a 35 year run. Sad, but not unexpected.
I have trouble even conceiving how a mere human (Andrew Lloyd Webber) could create something like that. See…
Just amazing sights from England today. The Brits sure know how to throw a funeral.
I admire the country, people and their political system. Wishing them the very best. Actually toured Westminster Abby a few years ago. Had no idea what to expect, …
yup. cosell= jerk
@Crash - You must have been in the wrong company. With Jim Beam & Bud at my side for these 9 PM games I thought Howie sounded fine. A mellow fellow. :)
Likely many on the board weren’t even alive in 1970 which is my recollect…
The sell-off has been highly uneven. So those major averages may not tell the entire story or the extent of devastation in some sectors. Folks can speculate on possible reasons. 40-45% down on TRP?? OK, I realize that follows a sizzling hot 2021. …
Retro pay? Back in my working days it was sometimes put in a contract if we had been working without a contract for some period of time. Would you rather have 3 pay raises of 6% a year or just one new raise of 18%? As it works out, you do bette…
A good friend is about to turn 93. Tough road. Husband passed away long ago. Very independent lady. Now faced with possibly loosing driver’s license after accidentally smashing into a newspaper stand in a parking lot. Funny if not so tragic. Oh - I…
@hank Good! Makes investing more interesting. I think unpredictability is good in sports and works of art, but am less enthused about it for the finances of millions of Americans whose retirements are tied to securities markets. It’s one of the re…
Good! Makes investing more interesting. As I noted in another thread, we’re likely already in a recession.
Happened to hear an interview with David Rubinstein (Carlyle Group) on Bloomberg radio last night. He foresees “maybe another 10%” addition…
Here’s a very thorough discussion of BAMBX from last November:
https://www.mutualfundobserver.com/discuss/discussion/58920/blackrock-systematic-multi-strategy-fund-bambx
In it fred495 provided a direct link to LB’s Barron’s piece. It works whether…
Thanks. I’m familiar with Louis’ excellent Barron’s piece on the fund. Perhaps I should have pulled it up again before posting.
I’ll look over what Blackrock publishes in regard to holdings. Just looking at past performance tells me it’s a pretty…
PRWCX held up quite well Friday. DODBX lost more. There were some strange going ones in fixed income as BAMBX took an unusually big hit. Giroux likes floating rate stuff, so with triple-witching there may have been some impact there. My worst perf…
Alger CEO, Dan Chung, appeared on Bloomberg Wall Street Week 9/16
His observations …..
- The stock market is a quite reliable forecaster of recessions.
- 8-9 months is the typical lead time from market top to onset of recession.
- Since markets…
