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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
Hm, link is chock full of advertisements...and, never got to gold, silver, bronze story.
So, I'll take advantage: In this case, I agree with Rob Arnott. Only type of precious metal you need in your portfolio is kind you can bury in backyard.
Exited nearly all bond holdings Monday, June 10 after BOND crossed 200 SMA first week of June. I should not have waited as long as I did. We've all been discussing this very unwind since last year - it has been so well anticipated. The roll-off star…
Thanks John.
Zion's Rothwell article is refreshing:
But the factors that drove the market methodically higher the first five months of the year remain: The housing market is strengthening. Auto sales are strong. Companies continue to earn record pr…
Hi again Scott. Following-up on your energy endorsement, I actually think the following stocks are worth considering, based on combination of valuation and momentum, at least:
MRO
NOV
NBR
NE
ETP
CHK
COP
And these are close:
HES
CNQ
WPX
APA
DNR
DV…
Hi Scott.
Have not bought anything except cash this past month, but looking for opportunity to get more GE and COP...and get back into CLF, BTU, RBS. AA earnings call Monday.
RSH just opened its new store concept. It is again back down close to $3…
Reply to @equalizer: Hi equalizer. I like Doug Short's material, although not crazy about AdvisorPerspectives website. For ETFs and stocks, SeekingAlpha has a momentum tab on the portfolio page, which includes 50 and 200 day SMA indicators, the latt…
Thanks MJG! Much appreciated.
I too very much enjoyed David's commentary this month. Once again, rich with content. The man moves with ninja-like speed, always keeps it fun, and remains kind even in criticism.
Hmm. How does he do it?
I used to th…
Thanks man. My experience is that M* authors/editors generally seem to ignore comments posted. Do you find this to be case? The non-responsiveness has kinda turned me off to their board. That said, I always look forward to reading Bob Johnson's week…
Hi Mike. I think you've scoped it pretty well. Of course, pure cash has looked pretty damn good since May 1, especially since it comes without any attendant loads/fees.
Reply to @kevindow: Thanks Kevin. Decent summary of situation, although I get a bit defensive at the "fashionable" designation. I am indeed looking forward to reading AQR's 2Q letter, hopefully get more insight than the good Mr. Mendelson revealed i…
Reply to @JoeNoEskimo: Couple sectors did try and make comeback but drifted south at end. Also, KOL -4%, AAPL @$400 again, CLF and BTU -7.5%. Another distribution day for SPY and especially BOND...down heavy on three times normal volume.
Nope. Had to sell half X this morning, which hated to do, but hit draw down limit. Been recurring theme lately. Ditto for RBS last Friday...under severe stress.
Coal continues to be HAMMERED. Anxious to get back in if it ever stops falling.
Of my…
Thanks Scott. Very good interview. (Yes, skip past the gold ad.)
Once again, Mr. Arnott voices his opinions unabashedly, closing with his now familiar "please don't shoot the messenger."
Some key points:
Fed painted itself into corner. No way to …
Reply to @scott:
NYSE stocks posting largest volume increases
Top 10 New York Stock Exchange-traded stocks posting largest volume increases
Associated PressAssociated Press – Fri, Jun 21, 2013
Kinder Morgan Management LLC : Approximately 5,733,20…
Nice Skeeter. Excellent presentation by Doug Short. Some good stuff on the AdvisorPerspective site, but honestly hate the bombardment of ads. In comparison, we are so spoiled with MFO!
I certainly don't think the market is over valued versus histor…
Wow. Odd practice. In military and corporations, sounding off like this puts you in dog house, at least. But then again, Supreme Court issues a dessenting opinion. And members of congress always grouse. Maybe gotta expect it these days. Just seems w…
Reply to @hank: For sure. What I'm not sure about is correlation with stocks. Given poor return on stocks over last decade, I see recent advance more correction than over extension. But the bears seem convinced ZIRP and bond buyback have fueled equi…
Reply to @MikeW: It is indeed a top performer. As of March anyway, it's in 10 year group. Believe it started June 1993. Will revisit next quarter...or, certainly in 3Q. Here's comparison with other top moderate allocation 10 year funds:
FAIRX? Don't get me started. If Mr. Berkowitz was as consistent as he is good, Fairholme would still have $20B AUM.
Here is comparison of FAIRX with other top performing 10 year funds in large value category:
FDSAX and especially RIMHX have…
Reply to @fundalarm: Of 59 funds in World Stock category older than 1 year but less than 3, GAINX is a top performer...through March anyway. Will revisit in July. Here are 1 year numbers, along with other top performers in this increasingly popular …
Listen to Scott. He's right. Through March anyway, PIMCO Real Estate is best in class, even an aspiring great owl. But it's a high risk group with extreme volatility - PETAX drew down 70% in 2009. Will revisit in July:
Reply to @David_Snowball: Hey that's good. I like it. We need to come up with appropriate metric...a kind of Sharpe for yield...or maybe, it's Sharpe after yield.
Actually, there have been a number of world allocation funds that have popped up rece…
