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.
@Rono- Yes sir, you must have been listening to our dinner conversations. Things are going to take one hell of a long time to stabilize, even with a vaccine, and many business models that have been taken for granted for centuries are going to have t…
Well, with a buy limit order at $260, after tomorrow I'll likely also have a small position in ASML. That ought to be enough to cause the entire market to drop at least another 20%. :(
As I posted I said to myself that this question should draw out the MFO big guns & heavy hitters, and I am certainly not disappointed in that prediction. Thanks to all of you guys.
A footnote: If Ted were still with us I'm betting that he would…
The Guardian is currently reporting that:
The Australian share market is now down 6.5% on what is proving to be one of the most disastrous days for the ASX200 in recent history. The mounting concerns about a global recession caused by the virus hav…
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…
