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.
Given the overwhelming psychological component of market "valuation" I don't believe that it is possible to predict how a market should be "valued" in the face of the present "unknowns".
There are the "known unknowns" of a major worldwide pandemic …
That certainly sums it up. The "quarter of a century" reflects something that my wife and I just discussed at dinner a few minutes ago: the younger people in this country- say, 15 to 35- likely believe that this is the way that their country has alw…
Given the overwhelming psychological component of market "valuation" I really don't believe that it is in any way possible to predict, with expectation of any reasonable accuracy, how a market may be "valued" in the face of unknowns which may have m…
@Old_Skeet- Thanks much for your report on MIAQX. Our situations are somewhat different, as I believe that you depend upon your elaborate and well thought-out investment scheme to generate a current income stream, whereas we have the benefit of very…
Thanks very much to both of you for your well-thought-through analysis on the bond situation. As you might know from some of my postings, when I hit 80 around a year or so ago I basically went to an all-cash situation. We are extremely fortunate to …
@Old_Skeet- Would appreciate your judgement on ABNDX vs MIAQX when you've gathered enough info to evaluate. We've owned ABNDX on-and-off over the years for balance, and I have to say that I was never overly impressed with American's bond performance…
We used American Funds for the greater part of our mutual fund investing for some 45 years. We did some maneuvering between a variety of their funds from time to time as seemed indicated by the market circumstances. Our IRAs are with them still, alt…
My prediction: restoration of command; in six months or so a quiet reassignment to a dead-end desk job with a fancy title... never to be promoted again. I really hope that I'm absolutely wrong on this one.
Overall, Republicans and Democrats humans were more likely to classify both factual and opinion statements as factual when they appealed most to their side.
• It seems clear that for whatever reason the normal chain-of-command channels were not responsive, at least not in a timely manner.
• It is a matter of record that Trump was publicly furious at the actions of Captain Crozier.
• Motley, the "ac…
Seems to me that most of you are missing the obvious "solution".
Alcohol is a great disinfectant, yes? A fair amount of your favorite poison plus a brisk session on the trampoline (thanks for that, Anna!) should do the job. :)
It probably helps to have spent four years in the Coast Guard to gain an insight into these types of situations. Not that anything remotely like this has ever happened in the Naval Command, as far as I am aware. There are wheels within wheels within…
@MikeM- well, for us it would mean having to forget retaining cash, and jumping back into the markets to avoid purchasing power erosion due to inflation. Not a pleasant prospect at our ages.
Yes, it's really hard to predict if we're in for inflation, what with all of the "money" being printed, or deflation, what with the oil situation and lord knows how many businesses failing due to the general shutdown. FWIW, I'm guessing deflation, f…
"you got chewed up no matter what you did"
Not if you bought decent tax-free munis yielding 12-14%. That worked great, until they called them after Volker had driven inflation down.
@davfor- You make some very good points there. I also winced when Hillary made her condescending "deplorables" remark, even though I understood what she was trying to express, and actually agreed with it to some extent. To have a supposedly professi…
When I was about 20 -21 the Coast Guard posted me to a Loran station at Point Arena, a small town on the northern California coast. The "post office" was a small section of the small general store. If you wanted mail, you went there and got it yours…
