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.
Oil Prices Plunge 30% After Saudi Arabia Stuns World With Massive Discounts
NPR is currently reporting that:
Oil prices were in freefall on Sunday after Saudi Arabia announced a stunning discount in oil prices — of $6 to $8 per barrel — to its cus…
@Sven- thanks very much for that article. It's reassuring to know that this administration has actually put a competent doctor in a responsible leadership position.
Regards- OJ
With respect to Schwab MMF, we are currently using Schwab California Municipal Money Fund – Investor shares (SWKXX), currently yielding 0.8%, (1.74% taxable equivalent).
Same here re Schwab. They have an office one block away but we very seldom need to walk over there because you can do just about anything that you might need to on line. One example of the convenience of having a local office: a week ago we noticed …
We frequently discuss funds "holding a lot of cash" as a negative implication suggesting that there is no income potential for that "cash" position. I wonder if that is always true.
Surely that "cash" isn't just buried in a tin can in the fund's ba…
@Mona said (above): "Worst week since the 2008 financial crisis. Blame Obama."
It took him a while, but here it is, per The Washington Post:
On Wednesday, Trump said the Obama administration was responsible for the inability of the federal govern…
My confidence in our government remains unshaken. If the president's emergency response team, headed expertly and appropriately by Mr. Pence, determines that traveling through Italy or other known major contagion areas doesn't need to be checked I'm…
Well, since the creditworthiness of the government certainly hasn't improved lately one can only speculate that perhaps it's all due to unprecedented confidence in the personal credit rating of the president.
Because of the importance of this information I am deliberately "bumping" the post into the "Discussions +" category. My apologies for bending that rule.
rforno said: "I also agree w/Lewis and Crash about flipping the Senate. Hate to say it, but in some ways I think that's more important than who is president, actually."
I agree completely. Also, while I don't agree with much that Sanders proclaims,…
@LewisBraham- Let us fervently hope that the standards of the Democratic Party have not yet been lowered to the point where they are comparable to those of the GOP.
On the "developing news" side of things, here's some excerpts from a very interesting story out of the SF Bay Area regarding "panic buying", as reported by the San Francisco Chronicle:
Supplies fly off shelves in Bay Area as coronavirus spreads
Ba…
@sma3- I completely agree with your observations. However, in my opinion, our "president" would simply fire Faucci without a second thought and dismiss him as just another deep state anti-Trump purveyor of fake news. The majority of Trump's champion…
With respect to Central and South America, here are elected excerpts from a current article from the AP via the San Francisco Chronicle:
Officials in Ecuador on Saturday confirmed the first case of the new coronavirus in the South American nation, w…
@Anna- Not sure if you subscribe to the WSJ, but they are running a fairly detailed article regarding the current state of testing. Following are selected excepts:
FDA to Allow Labs to Begin Use of High-Complexity Tests for Coronavirus-
Policy mea…
Sorry, but rono is absolutely right: "Petty partisan politics" has nothing to do with that situation- It's not petty, it's not partisan, and it's not politics. Having an idiot in the White House is, unfortunately, a demonstrable fact, and It makes …
Nice upward bounce just before closing today. Suggests calculated buying/selling... no "panic", at least for now. Putting Pence "in charge" (at least in charge of official gov't "information" releases) seems to have done the trick in restoring confi…
"I am now seeing the next level of support to lie somewhere between the 2800 to 2900 level."
Nice call. It will be very interesting to see where we go from here, especially if a substantial number of CV19 cases start developing here in the US.
I'm…
Since when is commentary regarding the evisceration of the middle class, or a country's social and living conditions "politics"?
@rono's post is an unsettling but factual observation on the change in historical living, financial, and social conditi…
The following was originally posted over in the "moderated status" thread, but since it references this posting thread I'm showing it here as well.
I wonder if there may be some conflation regarding "thread" and "category". Evidently other forums ha…
I wonder if there may be some conflation regarding "thread" and "category". Evidently other forums have separate categories for different types of investments. MFO does not, although given the current situation and the very wide interest in and resp…
