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.
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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
@BobC. I had a friend once who would go to the local bank branch to make his last mortgage payment, open a bottle of wine, share with the tellers on the day the home mortgage was paid. He conducted that little celebration for three homes. Those wer…
That said, I bet that, like me, you do not have everything in one or two or three of the AOx ETFs, nor does anyone else here either.
But I often think investing 100% in VWINX or DODBX or VWELX or MAPOX or FPACX or WBMIX or SEQUX or COBYX would be j…
Thanks fundalarm. I think Levine's article just reinforces the earlier views offered by cman: HFTs can be good for the market, but their preferential info and connectivity also provide opportunity to unethically exploit the market, which is not so g…
Man, you are one of the most insightful and articulate members on the MFO board, but I sure hope you are wrong on this one...'cause if you are right, what a sorry state of affairs!
The actual abuse comes from HFT not in arbitraging spread but in potentially creating FALSE price discovery based on the access to bid data. Even when there is a balanced market in bids with a tiny lower bid to buy than to sell until someone decides…
Agree.
Have not yet read the book. Although I love most of Lewis' stuff (eg., Moneyball).
Just seems though to be same topic covered by Scott Patterson's Dark Pools, but by a more popular author. Not sure there is anything here that the financial …
Does anybody on MFO board actually own Legg Mason funds (post Bill Miller)? I believe there are about 386 such open-end funds, including those by Western Asset and ClearBridge, but none have every struck me as particularly compelling. Anybody?
Many of the most popular funds chosen by investors are from a slate of offerings from the largest fund providers which include, at the top of the list, Fidelity, Vanguard, and American Funds. And Fidelity and Vanguard are among the biggest providers…
Baloney.
Here's best part of article:
One important metric is the price-to-earnings ratio. In 2000, for the 10 biggest stocks in the S.&P. 500 by market cap, the P/E ratio was 62.6. Today, the comparable number is only 16.1. Back in March 2000,…
Honestly, I always get confused between "Price/Prospective Earnings" versus "Forward Price/Earning" versus "Current Price/Earnings" versus "Trailing Price/Earnings" versus "Price/Earnings TTM (Trailing Twelve Months)" etc, etc. Endless variations he…
Hmmm...I'll try, but hopefully others can spot me:
EPS is short for earnings per share. Now, I believe the M* X-ray evaluation quotes EPS growth, which is the percentage growth in earnings, or EPS, each year over the next 5 years for the composite …
Nice. Really like your current allocation. Sounds like you are doing pretty well, given this market's uncertain conditions and diverging sentiment. Congrats! Thanks for sharing Old_Skeet.
@Mark. That too! April Fool's Day is Tuesday.
@Scott. It sure does seem like the value (low multiple) stocks are doing better lately than the growth stocks. Since I tend to invest in the former, hope the trend continues. =)
@Cman. I worry that mo…
Sure, there are some stocks that appear to be expensive, but there are other sectors that remain at low multiples and just coming into their own. Financials continue to do well. Some cyclical stocks starting to break-out, like AA.
So, I remain caut…
Surprised Staples in not on list.
As for Chemed, sellers must be hoping Medicare lawsuit to ring true.
Scott has been skeptical about GameStop for some time.
Honestly, this is a list I do not want to see any of my long holdings on. For a while, A…
Yeah, interesting.
All the companies you listed have a basic killer offering, which they deliver in signature fashion, very consistently...coke in red can/bottle, hamburger quick and cheap, donuts and coffee, decent if somewhat homogenized pizza de…
Agreed. My thought exactly with respect to WGRNX.
Hey, I do like this era of activist investors.
That said, does seem that all it takes to get face time on CNBC is to write an open letter to a company's board, grousing about one thing or another.
Agreed.
Loved the interview on CNBC with the CEO, especially the part when Cramer recommended that he ask his bankers why they wanted to embarrass him today.
Ha!
Was able to get back into HCP at under $37 yesterday. Since last attempt was at just under $42, before exiting at $40.70, hoping for more luck this time around.
