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+1
All true OJ. A guess would be it has to do with the speed of change (in rates). Over time people will get used to 6% mortgages or higher if their income / net worth keep pace.
I well remember the 60s / 70s as a teen age “nerd” who subscribe…
I don’t give investment suggestions @JohnN. ….. :)
Just don’t like people throwing out a bunch of largely unsupported assertions in an attempt to shutter somebody else’s stated point.
As I said on another thread, be careful. The downturn could…
Curious...do you think the technicals would indicate something like $95B coming off the CBs balance sheets and the impact on stonks, rate hikes and the impact of policy errors contributing to inflation continuning on and on....why do many think the …
Heard on the news today that 30 year fixed mortgages are now over 6%, Not that long ago they were 3-4%. That has to hit the housing market like a sledge hammer. And all those cash out refinances that went into goosing the economy would appear dead…
:)
I was moved by all this to reread the June 18 feature piece in Barron’s in which they recommend investing in any of 5 money managers they covered. All were down 30-40% back than. About where they are today. Blackrock & TRP headed their li…
@hank- Absolutely not... I thought that I was very clear on that: just hold them until this whole thing turns around. There's nothing intrinsically "wrong" with either of them.
Thanks @Old_Joe. Point taken. Generally, paying less attention to the u…
“Take a look at Schwab. Makes TROW look not so bad.”
SCHW is only off 14% YTD if my CNBC app is to be believed. It’s actually positive for 1 year.
(Confirmed the above data with a second app)
“If you own either, probably best to just forget about the whole thing until the market exits this phase.”
@Old_Joe, Are you advising folks who may already own ASML or TROW to sell them now?
FWIW - I do not intend to buy TROW at any price. Doesn’t fit my allocation model except as a possible speculative play. Spec holdings are limited to 12% of total portfolio, and that’s pretty full-up at present. No room to add.
TROW is off 43% YTD…
@ hank : Any chance Schwab could buy them ?
Just a thought, Derf
@Derf - I’ve had a similar thought, but haven’t looked at it enough to have any opinion.
TRP’s issues run deep. I’d expect a nice bounce someday, …
Just a heads up. TROW dropped below $112 late in the day. Tantalizing …
Thought about pouncing 5-10 minutes before the close. But everything I do needs to conform to pre-established allocation model. Spec is already near upper limit. So, didn’t mo…
More than false... just plain stupid.
Ditto: The notion that the poor “rule the roost” in this country and drive inflation - or any other component of the economy - is nuts. IMHO the poor are largely deprived. Subpar schools, services, political inf…
Need to spend some time learning about this new thing called a transistor.
How true. Still monkeying with the cassette deck that came with this Vic 20. Can’t seem to get the hang of saving files to it.
@LewisBraham has it right. I’d add that for as long as I’ve been following markets (25+ years) there’s been a “push / pull” between the notion that the economy might teeter into either (1) a deflationary spiral or (2) runaway inflation. A debate old…
Three excellent funds tailored for conservative investors that I track tell the story. All are YTD performance figures (from Fidelity) as of last night.
VWINX -10.24%
TRRIX -12.26%
PRSIX -12.86%
If you really want to freak out … Dodge & C…
I’ve never seen such carnage across both stocks and bonds this far into a year.. No place to hide except cash. PRWCX had an unusually rough day - off nearly 3%. No longer own. Just a watcher. Banks were hammered again today. Many major banks are n…
Yikes.
Looks like Russia seriously underestimated the state of the art capabilities of U.S. reconnaissance and battlefield weapons systems. The extent to which these have played a part in those images will someday be known. Not to downplay the co…
Yuppers. Trying to get my head around it. Shorter wavelengths travel further. Right? But tuning to one was much harder as I recall. Very sensitive.
BTW - Subscribed to a year of Magellan for something like $60. Not bad. Lots of science, aviatio…
@Old_Joe,
I hadn’t thought about that. Went with @Derf’s wording. But the “signal” is much different, even if the antenna isn’t.
BTW - as a kid I got ahold of an old radio capable of tuning to multiple frequencies. I think it was from some “Gra…
@Old_Joe - Thanks for sharing your wealth of experience.
Did I error somewhere in my comment? Maybe the remark about a friend not getting PBS? Has nothing to do with frequency. Stationary mount. If he could rotate the antenna to the correct d…
Yep, After getting broadband 2 years ago I ditched DirecTV but was unable to get locals over the internet using Sling’s TV service (long story). So up went an (amplified) digital antenna. Fringe area here probably 40-50 miles from transmitters.
P…
Interesting discussion. I’m as confused as anyone. No real answer except be careful. Don’t throw your entire wad at this thing because it could last years. Technically the S&P isn’t even in a bear market yet - if 20% down is the criteria.
I’v…
From this week’s Barron’s (September 12):
“The Federal Reserve now owns about a third of both the Treasury and mortgage-backed-securities markets as a result of its emergency asset-buying to prop up the U.S. economy during the Covid-19 pandemic. T…
Had a boss once at a garage where we did vehicle repair who’d quip, “We’ll fix it or f*** it.”
Crap. Getting too OT on the thread. Umm … I used M* very little. But had a great link to Lipper thru Reuters I relied on for about a decade. Went blan…
I’ve watched / listened “off & on” a few times over the day (background noise). I do think all the guests (perhaps except Summers) were very positive on high yield bonds - seeing more growth & value potential there than in equities. Most, …
I wouldn’t want anyone to stumble into trouble based on anything I said. Not qualified. And I don’t comment on others’ stock picks anyway. Randall Forsyth (citing mainly Stephanie Pomboy) is about as bearish as I’ve heard him on his return to Barro…
“and even the "lowest risk" one lost up to 20% with recent interest rate hikes.”
Sounds like that one was over-invested in bonds. Similar thing happened to formerly “safe” AOK.
I can loose 20% quite easily without having to pay somebody $200 to…
+1 Thanks Yogi.
From your list of Tips - “The free PV version doesn't allow STORING portfolios (anymore) … “
I found that not to be the case. After logging out (before posting here) I was still able to get back in. All 3 saved portfolios were int…
Well, they certainly won’t be happy with today’s action (especially Kashkari). Most everything except the kitchen sink’s up.
“When the cat’s away the mice will play.” :)
I’m thinking maybe Mr. Kashkari has shorts on?
Thanks @Catch22,
Not wanting to give the wrong impression, I did the math and ARKK currently accounts for 1.75% of portfolio. As stated earlier, a counterbalancing / parallel consumer staples stock is of roughly equal weight (3.5% combined). Per M…
We’ve now entered Fed Blackout, a period when members are forbidden from making public comment leading up to their next scheduled FOMC meeting September 20-21. Their “wide open” mouths the past few weeks have moved markets both at home and also a…
PBS / Frontline do some brilliant unvarnished investigative work. One reason why the right has consistently denounced them and taken away / or threatened to take away public funding. I was too harsh. It should be said that if the documentary can …
The only problem with Frontline is that it’s preaching to the choir. Does anyone think neo-Nazi scumbags watch PBS? I still think the musical Cabaret should be mandatory viewing. Might possibly leave an impact on some of those lost soles. Ah - w…
I disagree a bit with the above analysis. ISTM what we’re witnessing with the reputed demise of the 60/40 is more of an abnormality - a “transitory” condition (to borrow a phrase). But that’s only my best guess. Further, I’ll side with Twain on th…
