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.
Energy, commodities, and related have tanked in 2015, junk bonds have had a rough go of it, interest rates already rising on the short end of the curve yet the Dow, S&P, and especially the NASDAQ (up over 7%) hanging tight. Better to listen to the action of the markets instead of the pundits. Another win for those into indexing.
You might scan the original author's recent title list to get some perspective on him and how much weight to assign his forecasts.
David
Way ahead of you on his ilk and those in Vendorville. These dream merchants who "train" traders and pander trading courses and the like....... Ask them to validate themselves by providing a multi year real money track record of their own performance and you get 1001 reasons why that is not possible. The best marketing tool for the Dream Merchants would be a long term record of trading success with their own money. I can count on one hand those that fall into that category. The wild stories I could tell you about Vendorville and some very recognizable names that inhabit that sphere.
Edit: For purely selfish reasons would love to see an equity and junk bond market debacle. Another 2008 would suit me just fine, albeit markets rarely repeat in the exact same fashion.
@ Junkster Somethings do repeat ! Meredith Whitney returns, this time managing money at an insurance company She'll oversee a portfolio with money allocated to about eight managers, including JPMorgan Chase & Co. and BlackRock Inc., Mr. Hutchings said. Its investments include U.S. and Asian stocks. “Her task is to essentially manage the managers,” Mr. Hutchings said. “It's not S&P focused, it's a little more varied than that.” http://www.investmentnews.com/article/20151208/FREE/151209922?template=printart
Also Capitulation in high-yield ETFs? Dec 9 2015, 15:21 ET | By: Stephen Alpher, SA News Editor [Contact this editor with comments or a news tip]
Tuesday's declines to multi-year lows were accompanied by record volume, with HYG trading 25M shares - more than doubling the high level mark hit during the 2013 "taper tantrum."
Volume in JNK was even higher at 34.8M shares as that ETF closed at its lowest price since 2009. The $11B fund also saw a one-day withdrawal of $452M on Monday.
Comments
"STOCKS TO BUY: TheStreet's Stocks Under $10 has identified a handful of stocks with serious upside potential. See them FREE for 14-days."
'Course, there "may" always be a few winners in the equity sectors during a 70% pullback.
@johnN Have you started to sell your equity portfolio yet?
I'll have to watch the trends....if this begins after December 23; this house's money will be screwed.
Regards,
Catch
http://www.ritholtz.com/blog/2015/12/attention-forecasters-stfu/print/
David
Edit: For purely selfish reasons would love to see an equity and junk bond market debacle. Another 2008 would suit me just fine, albeit markets rarely repeat in the exact same fashion.
Meredith Whitney returns, this time managing money at an insurance company
She'll oversee a portfolio with money allocated to about eight managers, including JPMorgan Chase & Co. and BlackRock Inc., Mr. Hutchings said. Its investments include U.S. and Asian stocks.
“Her task is to essentially manage the managers,” Mr. Hutchings said. “It's not S&P focused, it's a little more varied than that.”
http://www.investmentnews.com/article/20151208/FREE/151209922?template=printart
Also
Capitulation in high-yield ETFs?
Dec 9 2015, 15:21 ET | By: Stephen Alpher, SA News Editor [Contact this editor with comments or a news tip]
Tuesday's declines to multi-year lows were accompanied by record volume, with HYG trading 25M shares - more than doubling the high level mark hit during the 2013 "taper tantrum."
Volume in JNK was even higher at 34.8M shares as that ETF closed at its lowest price since 2009. The $11B fund also saw a one-day withdrawal of $452M on Monday.
The two rattled ETFs are getting a breather today, with HYG higher by 0.4% and JNK by 0.2%.
http://seekingalpha.com/news/2974726-capitulation-in-high-yield-etfs
JNK https://www.google.com/finance?q=JNK
HYG https://www.google.com/finance?q=NYSEARCA:HYG&ei=JY9oVrnbE4m_mAHKp4_wBw