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.
Discussion by Jim Grant on CNBC yesterday about things like this:
"The prospective cost is the unmasking of the misallocations of capital that will have come about through the levitation of asset prices," including real estate, Grant said.
"If com…
"How we react after liftoff will depend on how the market reacts."
- FOMC vice chairman and president of Fed Bank of NY Bill Dudley
http://www.zerohedge.com/news/2015-04-08/feds-bill-dudley-ignore-march-jobs-its-weather-live-feed
Market clearly no…
ETE continuing to make a case for itself, despite seeming like a K-1-related episode of the "Twilight Zone".
Added to Goldman's conviction buy list with an $86 target this AM, about $20 higher than current price.
...market hasn't even gone down 10-15% and already one of the Fed governors is talking asset purchases.
Scott, you do understand that the stock market isn't what the Fed is primarily concerned with, yes? ---- AJ
Fed governors appear whenever the m…
ETE is just wonderful. It's broken down into 6 separate entities (because it owns multiple underlying partnerships) and you have to fill out a K-1 for each.
If ETE hasn't done as well as it has and management hasn't been as good as it has (the CEO…
Unfortunately, this policy of bailing them out lest they go bankrupt and a recession occurs has the effect of concentrating more and more of the resources of the society in the hands of those who have proven that they are incapable of handling the…
Time is probably the key here
A functioning government would be rather helpful. The idea of spewing money at any problem that comes along isn't really fixing anything - it's spending money to delay problems in the hopes that they will eventually be …
It appears that the key words were "IF ECONOMY FALTERED". With respect to "theories of insanity", the word "theories" is at least correct, as we are still seeing where this particular theory will take us. We do know, though, where the Austrian/Unive…
Minneapolis Fed Gov on QE4: "KOCHERLAKOTA: THERE IS EVEN A THEORETICAL ARGUMENT TO BE MADE FOR MAKING ASSET PURCHASES NOW IF ECONOMY FALTERED"
(http://www.zerohedge.com/news/2015-04-07/kocherlakota-goes-bullard-retard-says-qe4-theoretically-warrant…
Yes. Fidelity executes "market price" transactions in seconds, thus one can make a second transaction right away. Other brokerages work the same manner.
Bear in mind that how fast the trade is really depends on the trading volume of that day. T…
It may be different at Fidelity, but if you sell a stock, then buy another stock right away and then turn around and sell the new stock right away before the proceeds of the initial sale settled, you may be hit with a pattern day trader violation.
…
Long a mix of high (STWD, MHG, BX, OAK), medium (WPC, BNS, CLNY, BIP, BPY) and lower but growing (BF.B, V, MA, ECL, AGU, GILD, IFF). Those are just examples.
Hi Scott,
they always argue that the programs are never fully funded.
Best Wishes.
Problems are always "transitory" and financial engineering doesn't work on a sustainable basis because the amount "wasn't enough".
Thank you for your post, I'll ta…
Personally, I think this is one of those times where you have to shut off the computer. I do think that things are weakening to the point where the Fed will not raise rates this year. However, we've had billions in QE and ZIRP and we're here. I thin…
Going to a Cubs game is certainly not about the Cubs, it's about Wrigley Field.
I think the one thing that people don't really think about much is that minor league games are a ton of fun - they are cheap (in all aspects, food is not a fortune) and…
Have a similar question. I own it through Schwab and have got estimated break-up through Oaktree. I was trying to enter the information using H&R Block 2014, but get the message that publically traded partnerships are beyond the scope of this …
With respect to the original post, allow me to observe that it exceeds the 40-word limit by an appreciable amount and therefore, according to the poster himself, is invalid.
LOL.
The weather excuse whenever things aren't going well during this time of year is garbage. Grew up in the midwest and it was (and still is) cold as a MFer at times in the Winter and the world didn't/doesn't shut down. The revisions to prior month/s w…
@Catch22: "I'd really like to see them try and raise rates this year." Once again, read my lips "No rate increase until 4/16", and after today's jobs report could be 6/16.
Regards,
ted
I don't disagree with you. "This year" becomes next year and t…
Howdy @scott
Ms. Yellen and other similar friends will continue the head scratching, eh?
Take care,
Catch
I'd really like to see them try and raise rates this year.
@ Ted When you stick with financial advice, I find it to be top notch. I will reconsider my MLP decision.
I guess here's the thing. I do not love the K1s. However, if you really want to own a Blackstone or a Oaktree or one of the Brookfield sp…
I'm not diversified in terms of sectors. I do think that there's absolutely nothing wrong with that, you just have to be willing to have periods where certain sectors/themes may underperform.
If you want to have all Asia (for example) and have a t…
I have a Samsung Galaxy 3. Calls are clear when I get a signal. It's just that I often don't. Not sure if it is a phone issue or the carrier (Verizon).
Weird. I think that's an issue that you should take up with your carrier. I have family wit…
I think many women carry their phone in a purse. So the back pocket, front pocket thing is not as much of an issue or her. For disclosure, I carry my phone [and wallet] in my front pocket.
A question for people who have owned both a Samsung [Andr…
@Scott: Not to be morbid, but my father-in-law held many MLPs, had a stroke and died. The lawyers had a terrible time figuring out the basis for the funds and the estate paid them big bucks. I don't think anyone in the family had a clue as to what w…
With OAK, you get (or should have gotten) a card in the mail saying that the preliminary K-1 is available. You can get that online. I was surprised BX sent an official K1 this year. They have done "preliminary" ones in the past.
I received one today…
Honestly, have not had much opportunity to use ApplePay ... hopefully Scott is right and that picks up
c
If you want to try it out, if you have a Walgreens nearby, easy option to test it out by picking up a pack of gum or something on that level.
I think mobile payments are starting to get going, but ultimately when it really takes off is what I think will be the next evolution. No more paper coupons - scan an ad at a bus stop/billboard (or tap the phone to the ad) and the coupon is loaded. …
40 word limit is ideal for any Blog site...after that the ZZZZZZZZZZZZZZZZZZZZZ factor is invoked..thinking is: if you can't say it in 40 words...you are boring....its true....
That was less than 40 and I was bored reading it.
I've lived in a county where the sales tax was getting closer to 10% and it really gets to that point where you feel like there's an "upper bound" at that psychological 10% level. It's then finding other little things (bottle tax at the grocery stor…
And let's not forget all those whackjobs in IN.s
As for Indiana, I don't want to get too political here because that rarely turns out well on this forum. However, these discriminatory laws are terrible, but almost seem like gateways to discrimina…
Basically, nearly everything I own has to pay a div and varies from less than 1% to 10%. What doesn't pay a div are things that I think have potential to eventually. I'm not diversified, largely have a view towards sectors I like and/or characterist…
Sears is up this morning about 4%. In early morning trading it was up over 12%. Reality is settling in.
Now near flat.
If you look at the stats on Yahoo finance:
Float: 13.98M
Shares Short (as of Mar 13, 2015)3: 11.21M
Short % of Float (as of Ma…
As for the E.R. of this fund, given the shorting and leverage, coming from another company this kind of fund could easily have an E.R closer to 1.75-2.
According to the latest prospectus, ACDJX has an actual, what-the-investor-actually- pays ER of…
@scott oh, stop with the maybe-baby "forward p/e" crap. You know it is predictive of nothing; you're just pumpin' your book, aren't you? :)
Personally, I share a lot of what I do on this board and when I do, I give reasoning. I do own GILD and other…
As I've said, I don't think some of the large cap biotech is expensive and Gilead, at under 10x forward p/e, is a value.
I do think though that some of the small names that maybe do not have a drug but have a really promising pipeline have run up t…
Tremendous discussion this morning with former Fed official Kevin Warsh on CNBC. "Virtually all guilds have a certain degree of group think, the economics profession is not immune to that - what troubles me is that we do not call attention in the wa…
When ya'll say you're buying a stock like biotech XNCR or similar, what % amount of your portfolio are you talking about? Whenever I go to the charts and start thinking about the potential gains, I also start thinking about, well, how much do I hav…
