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Charles
Thank you sma3! We are spending this summer in northwest again. I have no quiet place I can be before noon eastern (9 am here). Library opens at 9am! I've set up a session for Friday, 2 pm eastern ... posted on board. But, if that does not work, just call me at 805 468 9599 ... if I can pick up I will. Hopefully, can pick a day where you can attended from noon on. Very happy to do! c
Man, 40% over fair value? For the S&P 500 TR?
Not sure what historical time frame you are picking. Maybe the '60-70s? The lost decade of the '00s?
Another 40% downward correction would certainly be brutal for those of us remaining long.
You're telling me.
Only a couple stock holdings were positive Friday...HCP, JBSS.
Even the currently defensive WBMIX was off, if just fractionally.
Let us hope earnings next week help stabilize market...at least those of us remaining long.
Aloca beat yesterday and confirmed prospect of tightening aluminum supply and rising material prices. (I missed actual call, which I always enjoy with CEO Klaus Kleinfeld, due to travel.) It ended day up nearly 4%. So, surpassed expectations, which …
I'm a fan and heavy WBMIX.
They've been more defensive this year, after healthy run-up in US equity market, especially after whatsapp acquisition by FB, which Mr. Redleaf took as a signal that things were starting to get out of hand. Honestly, I th…
I might respond.
Most target date funds under-perform versus a simple balanced fund, like VBINX.
Yet, folks are being mandated to use them in their 401Ks by default.
Plugging "all ass" =) into Multi-Search, I find:
And for "real ass" I get:
Although I know PAAIX has fallen from grace on the board, I think it offers a lot of what you are asking for, except maybe pure precious metals. Here was review la…
0.2-0.3% loss?
With SP500 off 1.3? Tech off 2.6%?
That would indeed take a lot of diversification, as aggregate bonds were only up 0.2-0.3%.
I did see that GLD (for a change) and some EMs were up also.
My only positives for day were WBMIX, SIGIX…
Ha! How fun is this?
Well, I took it, but honestly, hard for me to be objective, since the questions kind of tipped the answer, no?
Like a pitcher tipping his pitches!
In any case, believe there is some truth to the grit factor.
Thanks MJG.
Like to think this pull-back of the high fliers is healthy for overall market. Certainly hope collateral damage is minimal. Need blue chips to report some solid earnings in weeks ahead.
Not sure P/E is a good valuation parameter for REITs. Might be better served to eval REIT prices based on dividend.
Hey, remember when P/E of 10 was considered value?
OMG. What a clip! You are right, looked like somebody was gonna throw a punch.
Think IEX won this round. And, I hate when CEOs don't know their own business.
Schnitzer reported pretty strong earnings this morning, although granted expectations were low. Construction up in west. Infrastructure demand in South Korea, other EMs, helped offset some China weakness. They expect more folks to be turning in old …
You mean Pointless Pronouncement (ala one of David Salem's pet peeves)?
You could be right. Al least, self-evident to most of us on the MFO board.
That said, I thought it had a couple good remainders, like:
However, they [fund managers] cannot mov…
Me too Hank.
Hey, how about this...most actively managed funds charge too much versus say VWELX or DODBX.
But, they charge what they think they can get away with...from their shareholders and boards.
Is it that simple?
Now, I do believe the indu…
The Street's take on upcoming SCHN earnings call:
Schnitzer Steel Industries
Another earnings short-squeeze prospect is recycled ferrous metal products manufacturer and export player Schnitzer Steel Industries (SCHN_), which is set to release numbe…
...was it only that report that they didn't publish? If so, then that's a real issue.
Scott, it was so weird. It was indeed the only quarter not published. They resumed again in September, never mentioning what went wrong or what was learned or how …
Was AQR perfect? No.
I was not expecting the "perfect" strategy, but I was expecting more communication with its shareholders, when things started to look not so perfect.
It was a good lesson-learned for me.
Ouch!
I absolutely agree that "...investors should take some responsibility."
In the case of AQR, I believe several of us made active inquiries directly with the firm, but to no avail.
And, while I know I'm pretty slow, I felt comfortable enough …
Pretty good article...
What went wrong for risk-parity funds in 2013, and how concerned should investors be going forward? For one thing, a long-expressed concern about risk-parity funds--that their leveraged exposure to bonds is exactly the wrong s…
Been fully invested once again for last few weeks. Was able to pick-up previous targets, as posted.
Current holdings...
Funds: WBMIX, FAAFX, SIGIX, DODGX.
Stocks: BAC, HCP, SCHN, AA, GE, APA, SENEA, JBSS.
Watching for other opportunities, but va…
