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Well, a little under two weeks until 10/17, and pretty much no progress has been made. Now Boehner is making comments about default on the Sunday news shows. Boehner Says We Are "On The Path To Default", "It Is Time For Us To Stand And Fight". What…
Reply to @David_Snowball: "Three things struck me back then: the amount of emotional investment in stocks and one's opinion about them led to a horrendous amount of hostile discourse."
Still does. Look at Yahoo finance. Or the comments section abou…
Reply to @Hogan: There will likely be some sort of agreement, worked out closer to the last minute than anyone could believe. However, any agreement will not change the underlying tone between the two parties and we will continue going from crisis-t…
Reply to @hank: I think you have an incredibly divisive media that plays to one side or the other and it just feeds into the problem. They think they're providing some kind of service, but they're just adding to the problem.
You'd think new media …
Reply to @Old_Joe: I think what's almost disturbing is 1:) the fact that they thought a literal penny stock was a multi-billion dollar company and 2:) the sort of "buy first, ask questions later" mentality. I said it before and I'll say it again: th…
You've got to be kidding me.
CNBC was talking about some discussion group about social media and everyone who participated talked about how important and great Twitter was. Then they were asked if they'd be using Twitter in five years and they eff…
My thoughts. May be a tad controversial. May be muddled.
One: the tea party works as a great place to place blame. I think a party that started off with a message and purpose that people may have agreed with got sold out to special interests as mu…
They've been "Hussmaned". Too much thinking and analysis (silly things like fundamentals) rather than going with the easiest monetary policy in history.
Reply to @hank: Hussman actually has a fairly active Twitter. (" Realistic optimist widely viewed as prophet of doom." is how he describes himself.)
https://twitter.com/hussmanjp
I'm looking for an email, but not finding it. Still looking though. …
I think we live in a bizarre world and we have a broken political system with both sides to blame. That said, I'd be surprised if the political system is so broken and so unable to work together (CNBC chatting about all the energy being found in thi…
Likely due to the fund's fairly significant biotech exposure. Look at the performance of some of the top names. I don't own this fund, but am pleased with HQL.
Reply to @Investor: Yeah, that goes along with what I was saying above - if you're that negative, why not run a simplified portfolio (cash, defensives and maybe some light hedging) and that would be less prone to error than a complex (and as you no…
"Reluctant" is a bit much in some of these cases ("reluctant" would suggest inner conflict and some desire to do so) and I think Bullard goes back-and-forth - he cares so much about the inflation that he isn't seeing.
It's like anything else. If you are all in emerging markets, you have to be willing to go through times when they are out of favor. If you are all in dividends, there will be moments when that will go out of favor, but at least you get paid to wait.
Reply to @hank: There's not much else, but I think
1:) I still cannot comprehend Hussman's strategy. I'm Hussman: I'm bearish, don't like valuations, think the market is going down, but: I have a ton of names long, some of which do not reflect my o…
Reply to @VintageFreak: "Besides, surely you jest about Miller's performance ever being as dismal as Hussman's"
I'm not saying Miller's performance is as bad as Hussman's or even comparing the two, but it's also an apples-and-oranges comparison in …
Reply to @VintageFreak: Miller was on CNBC yesterday and they were fawning all over him. The best Miller-time moment remains his speech praising Bear Stearns while the stock elsewhere was on its way to 2 (discussed in the book, "The Big Short".) In …
I don't agree with some regarding alternative funds, but l/s currency mutual funds cannot keep up with the rapid movement of currencies and I don't see why I would want to invest in currencies as anything but a trading vehicle (ET) - and I'll leave …
I think some things are a bit obscene (some of the Tesla-ish momentum stuff), the majority of the market is probably within some realm of fairly valued and, like always, there are some bargains. Those with a global view can likely find more values …
Reply to @JoeNoEskimo: Futures actually higher (at least at this point.) I don't think an agreement is any closer to happening. I continue to focus on looking at non-US ideas, if there is an actual pullback. If markets don't do much, I think it's g…
Just not getting that much of a move, and you're seeing little rumors propping up the market. Will consider buying if there is more of a defined move. Rumor of a one-week extension being worked on to postpone govt shutdown.
As a trading vehicle on the price of gold, probably okay and looks like it's done a rather decent job tracking gold. As a deeper bet on gold, no. Doesn't invest in physical, just invests in etfs and derivatives. Overall, in terms of funds overall (…
If an agreement is not made before the Asian open on Sunday, I'm guessing turmoil in markets will go beyond Monday.
Edited to add: it's remarkable to me, but I really question whether there will be a deal on Monday.
Reply to @MaxBialystock: Any thoughts in regards to moving to a Fidelity/similar so that you can have a huge range of funds to choose from and easier to move from fund-to-fund versus trying to deal with a lot of separate fund companies?
In terms of PSILX, maybe RPGAX from the same manager, which is a global allocation fund that can venture into global bonds and stocks, as well as devote 10% to private/alternative investments, such as hedge funds (the largest position is actually a …
You cannot base your decisions on what the government says or does or what the Fed says or does. You have an environment where you have continual cross-talk, rumors, intervention and all manner of other noise. What the government or Fed does is cert…
