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.
Howdy Mark/all,
I can't read the article but am able to share a bit. The POG has been hammered due to folks having to raise cash for margin calls, etc. This is paper gold. While this is going on, gold had been hitting new highs in every other c…
Howdy folks,
PRESSemUp is spot on. Did you see the briefing. Now I'm scared. No rational investor can feel reassured. And as Mark pointed out, the Fed headed home to their bunkers - they have nothing left.
Look out below. I am more fear…
Hi john,
Hope you're doing well.
Lot's of things going on in the pm arena at this moment. The POG and POS got hammered to raise cash for both margin calls made worse by some funds being illiquid due to shale oil toilet paper debt. They are sel…
Howdy folks,
Several things going on to create the perfect storm for the global economy.
1. Trade war. I won't devote any time to the incredible damage continuing to happen due to this idiocy. No trade war in the history of mankind has ended w…
Howdy,
Another great tweet this am from Ian Bremmer - the Chinese are currently loading jumbo jets with supplies - PPE, ventilators, etc. and sending it to Italy. We're banning Italians and European like bloody lepers. They will remember this fo…
Hi Mark,
T. Friedman was on this morning and outlined 6 steps. Get Bezos to deal with PPE, Gates to deal with the vaccine. Drop all tariffs to zero. Have Don, Nancy and Chuck got to Camp David and NOT LEAVE until they come up with a fiscal stimu…
Howdy folks,
This might be a dupe postie.
Years ago I read a quote from the Elder Baron Rothschild that to survive an economic crisis, you need to have 1/3 of your Wealth in securities, 1/3 in real estate and 1/3 in rare art. Now you can substitu…
Howdy folks,
One analyst likened it to locking the after the killer is already in the house. Sure you keep out more killers, but golly how about the one that's already here among us?
rono
Howdy,
Wife and I have our rollover IRAs at Price - for over 20 years. We have her ROTH at Fido and we have a taxable account at TD. I've been pleased with all of them.
good luck,
rono
Howdy,
Teehehe. You folks watch SNL? Nightly News suggested that Don, Joe and Bernie all have to get on the Princess and whomever survives the coronavirus becomes President.
As for the foreign exchange students, you are incorrect because of the …
Howdy all,
Just to throw a wet blanket on your party, the rates for the 10 year and 30 year are at .47 and .91 . . . and folks are looking to the Fed to do something.
"perfect"
and so it goes,
peace,
rono
Howdy and a follow up.
I'm not looking at the panic stocks but at the changes we're going to see brought about by the virus. For example, retail. There are a LOT of peeps that have never bought something online or only did a little. Now they ar…
Howdy folks,
Warren is out but not endorsing anyone yet. Too much leverage right now. She'll stay as Senator because Mass has a republican gov and would appoint one.
Yesterday was the Biden bounce and today is the "I've gotta hunch day".
Them…
Howdy folks,
I don't think we're anywhere near the bottom. Sorry, but we're in the middle of a trade war, facing a pandemic, and we've got an idiot in the White House. We all hoped and prayed there wouldn't be some sort of international crisis .…
Howdy folks,
Nothing like a good pandemic to bring out the lurkers, huh? ;-)
I think Mark was spot on and most of everyone is keeping their powder dry.
The market was a ripe for a black swan type event. What, the longest bull run of how long?…
Howdy folks,
You can quibble about the precise figures but the nut is that the distribution of wealth is the worst it's ever been in this country and getting worse. The middle class has been largely exterminated and the two historical pathways to …
Howdy,
The 737 Max 800 will have to be scrapped. Period. No one will fly it. Start figuring this into your investment decisions.
and so it goes,
peace,
rono
Howdy folks,
I see everyone has been busy . . . as have I. Trimmed my sails a bit in the junior silver miners. However have been moving into Asia and Latin America mostly equity but some into PRSNX. At Price so PRLAX but also TRAOX. For all th…
Howdy crash,
Roth. It's affordable to switch at this point; any income she has going forward (and she's only 46), you will probably be able to afford to stick into the Roth; it gives you an aspect of wealth diversity and financial control that no …
Howdy folks,
The joke the US gov't has made of environmentalism and sustainability and reaction to global warming is mind boggling. And I don't want to hear about other countries - that's just a 'watch the Donald' distraction.
There is no Planet …
Howdy folks,
Starting to move overseas particularly Asia and China and both stocks and bonds. Added both MPACX and MCHFX. Also, with the retrenchment in the POG/POS, it's a great time to buy your annual bullion coins and rounds. They make gr…
Hi Lewis,
I'm good with the inheritance taxes but feel the 'exemption' should be somewhere between $1M-5M. Above that, tax it for sure, but again, don't go overboard. Damnit, the gov't always overshoots - both parties, etc. Hell, look at Califor…
Howdy,
I don't have that much of a problem with the inheritance tax or any other marginal tax rates SO LONG THAT THEY ARE REASONABLE. They must be or you'll stifle innovation, etc.
I still see the problem is with the incidence of taxation (an…
Howdy,
Yeah, it's getting crazier and crazier every day. Someone else made the statement that for the very first time they really wanted to hear what John Bolton had to say. ;-)
Even the Mooch was on this morning saying that Donnie is bat shit …
Howdy folks,
First off, let's go back to the Elder Baron Rothschild who stated many, many years ago, that to keep your wealth safe one should have 1/3 in securities, 1/3 in real estate and 1/3 in rare art. You can define your own 'rare art', but i…
Howdy folks,
Love reading your thoughts.
I'm staying in a rope-a-dope with my heavy parking place at Price RPSIX. Still riding my momentum play in the junior silver miners, but standing pat as things resolve themselves. I still really like stock…
Howdy folks,
Geez, it's been looking like this for months and months. If it walks like a duck . . .
Do NOT let them play you. Set your goals and objectives, select your asset allocation and sit this out.
and so it goes,
peace,
rono
Howdy,
We've known for years how campaign contributions distort the political process. Now we're seeing it firsthand in the media. We talk about FOX and MSNBC each being biased in their own way.
How about local stations? I've been noticing th…
Howdy folks,
Boeing is the latest poster child for how NOT to deal with a problem. From the beginning, they blamed the victims. If I recall, it was a very racist attack on 'those' pilots not being trained properly. Seriously?!? Now it's appar…
Howdy folks,
As of this time, the house will impeach and the senate will not convict. Whether or not they will convict should have no bearing on the house impeachment proceedings.
The interesting thing about impeachment is that it goes to a dif…
