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Apparently Starbucks (SBUX) was another -20% this morning. I'm pleased with where I got GILD pre-market.
HCA was seen in the 40's briefly for a minute. It closed Friday in the $80's. Short time later it was back in the $80's.
Wood to Coal. Coal to Oil. Oil to Natural Gas, Hydro, Wind, Solar, Nuclear Fission.
We also have a wood glut and a coal glut...I welcome oil to the "glut-cheon" (Kind of an all you can not eat energy buffet).
Let's keep oil in reserve and move o…
Scott....The momentum stocks appear to be the ones taking the biggest beating...not just today, but over the last several weeks in aggregate.
True. I mean look at Skyworks (SWKS), which was such a momentum darling. - $30 in two months. See also A…
"In that case: Last one out please turn off the lights."
Oh, absolutely. If there's another 2008, then - as I've noted before, CNBC will be hosted by tumbleweeds. You will absolutely not get the average investor back - for years.
The average inves…
I wonder if this dramatic open will be called a flash crash. In the past there was at least one occasion where the trades were cancelled after the fact.
https://twitter.com/nanexllc/status/635817241880170496/photo/1?ref_src=twsrc^tfw
Added to CELG a hair under $100. Was limit down -20%, now -2.8%. Added to BPY, GILD. Some of the moves today were ridiculous and not just in high multiple names, but CVS, WAG, GE, VZ were down well into double digits at the open.
Re: Now down 700
Stop it!
St Louis Fed Governor Bullard came out and said he "didn't agree with the market and that he had a positive outlook on the economy" on Friday.
Market says...
L5b, that's the whole point, no need to pay it off.
That's not the whole point - other point missing, the interest has to be paid. Think about it.
Fiscal year 215 - US interest $350.8B @ 2.3%
Double the interest rate and double in interest …
Personally, I'm very concerned.
I'm buying, but I don't think I'm buying in the traditional "buy the dip" mentality. I'm buying because I think something is a tremendous value (BPY, which I'll just keep continuing to buy - it's an MLP w/K-1 and no…
"since I live in Brazil but earn in dollars"
That has to be working out pretty well. Can I ask how things are going in Brazil? I mean, I know what I read but would love to get a better sense from someone there. Thanks.
Both yesterday and today, I added to HQL, which I thought was over-sold. Of course, it continued to drop.
Buyback started a month ago. Hopefully that provides some support to that and the other funds in that family.
My best fund today, other than cash, was DODIX - which didn't gain or lose.
From the watch-list: MFLDX, HSGFX and BEARX all had nice gains.
Approximately +1%. +2% and +2% respectively.
Pimco Managed Futures Fund up, as was the AQR Managed Futures f…
Linter...I have a feeling there are a few folks on this board who hope your order never fills. Looking at both REGN and GILD, but not sure if that's a pool I want to jump into.
Everyone is different and that's good. I mentioned earlier today that de…
GILD got down to about 105.33, so that last order didn't take. Monday should be interesting.
I bought more before the close. Not going to add any more for a while unless there's a significant move lower.
I think what you want to watch is Sunday nig…
"L5b, that's the whole point, no need to pay it off. It's not like a household, and never has been. Debt is money we owe chiefly ourselves. It is the whole point of what is totally hilarious about libertarian-man going back to 1835. The only thing t…
Finally got into GILD @ 109ish. Another limit order pending @ 105 just in case. The thing that I don't particularly like is that GILD is 83% institutionally owned. It seems to me that this has the potential of significantly increasing the volatility…
For a peek into the future, one can look at costco.ca, where they switched over to MC at the beginning of this year. (If it asks you for province, just pick one.)
http://www.costco.ca/capital-one-platinum-mastercard.html
Curiously, according to t…
I'll also note that Icahn Enterprises (IEP) is down around 50% off the high. That is an MLP where you get investments in Icahn's hedge fund and an assortment of other companies. The primary reason for the terrible performance are the oil names (CHK,…
I own XLE and it's getting killed. I bought it a few months ago in my IRA.
Sorry, I know how it goes. I bailed on COP in the upper $50's after buying it higher. I'm not getting into oil names, but as I noted in the other thread, I'd consider some "…
Anyone looking at energy ETFs/stocks at these prices?
See my comments in this thread:
http://www.mutualfundobserver.com/discuss/discussion/23174/bp-arco-or-chevron#latest
Again, I look at the oils which are back largely near where they were when QE1 started. So, if oil is boosted by another QE and whatever new monetary policy brings, am I just going to be eventually round tripped again? Beyond that, I remain worried …
Do you want an integrated oil (CVX, for example) or a pure play producer (Conocophillips). Conoco has fared worse in the oil decline but I think they will have more upside if oil turns around. Emphasis on "if" and "oil turns around".
That said, loo…
Okay so if I have a Visa I don't have to get Costco Visa right? I mean I may not get cash back without Costco Visa, but I can still pay using any Visa. Is this correct?
Yep.
Any thought on holding dividend paying gold or energy companies (in the form of individually stocks, MFs or efts). This strategy might also go for any oversold sector.
My thought is to think of these beat up dividend paying equities as you would a…
We will have a low interest rate environment for 5-8 years more.
In about 10 years we will have a VAT to deal with gov't deficits and interest on the debt which will keep interest rates low.
I'd say the only thing what will have large pricing powe…
"A bit illogical. If currently low rates aren't providing much stimulus, why do they think going back to these rates at some future point would help?"
It won't. But what else can they do...well, aside from NIRP, that is.
"The Fed really wants to raise rates. They want to give themselves room to lower rates next time we have a recession. But they don’t want to cause a recession in the process, so I expect a rate hike of no more than 0.25% to 0.50%, making this the …
This.
"A Taylor-rule central banker may be convinced that lowering the central bank's nominal interest rate target will increase inflation. This can lead to a situation in which the central banker becomes permanently trapped in ZIRP. With the nomin…
Seriously guys. Many cards are giving 3%, 2%, 1% on this, that, other. In fact one MC, Visa, Discover all do that. I for one am going to be happy with one less CC. I had Amex only because it was the only CC Costco accepted.
What I am more intereste…
I don't have it but family members have the Amex BlueCash card (3% cashback on groceries up to $6,000, 2% cashback on gas and department stores, 1% on everything else; there is a $75 a year version with 6% on groceries up to $6000) and they use that…
looks like ECL will break through its $118.46 all-time high one of these days and once it does, maybe it'll be off to the moon. i don't own any but i could see how that might happen. good luck to you!
Thanks!
In terms of ECL, it's certainly not…
Man this incredibly helpful Scott. thanks for sharing this. I am down 60% on my holdings in Copa holdings -- a Panamanian airline that serves Latin America. They have gotten crushed by the downturn. I will probably keep holding at this point. …
Scott and John. Thanks very much for the feedback on Baidu. I appreciate it. I'm curious are you sitting tight on your emerging market holdings? I've held Matthews Asia Small company fund for about 6 years now and its getting nailed with everyth…
I guess I just have a longer-term view and with MHG's hefty dividend policy (which, admittedly is risky and can go to 0% in a 2008-style situation), it's a risk I'm willing to take.
I believe I read the same report and honestly, I don't want to sit…
Thinking about adding to my holdings in Artisan Global equity. Mark Yockey has been a very consistent performer. Any thoughts from the community on purchasing Baidu? The stock is down considerably with the China selloff and I see that Yockey is a…
