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Reply to @VintageFreak: I didn't think he sold the short and I hope for his sake he didn't -
CMG
After Hours
$247.53
Change
-38.40 -13.43%
Additionally, I thought this was kind of an interesting tidbit: ***"Investors need to remember that Chipot…
Reply to @hank: I'm not sure it really means anything anymore coming from anyone, honestly, given the way things are these days. Neither here-nor-there really, just saw that and thought it kind of went along with the original post.
Personally, I t…
Reply to @sligo: Happy to help - as for BIP, I think it's something I'd recommend, but as to when it will really pull back, I dunno. I will note that, while BIP has gone up a lot, it is often not very correlated to market movements. Other posters w…
El-Erian and Gross are highly intelligent and highly thoughtful as to the big picture. Pimco has not always been correct (which one can say about everyone) and they can go against their stated views (although that's primarily poker player Gross, not…
Charles -
Thank you so much for your comments. As for me ever thinking about running for office - I suppose my views lean a little towards the Marc Faber-ish as to whether or not what I feel is a broken political system can be fixed before it even…
I think what BIP is doing in terms of expansion into toll roads and buying up other assets in Europe, getting rid of some assets is long-term positive. The stock has run up quite a bit (although it's come back some recently, it's still done very wel…
I hope, given you hold it, it does well and I think it could do okay in the short-term (hopefully better than the reaction to WF and JPM the other day.) I think in the long (5 years) term, the world of personal finance (basic banking, not mortgages,…
I'll also note that there are a couple of MLPs where there are I-shares that do not result in a K-1, but only offer share dividends, KMR (Kinder Morgan Management) and EEQ (Enbridge Energy Management). There are also a few good Canadian energy incom…
Minor note, I'm also seeing "Closed to New" on MFLDX, as well, on the MFLDX class shares only. It had $5M minimum and open the other day, now no min and closed to new.
Reply to @hank: I think it's more two and three - there have been hardly any weeks of inflow into equity mutual funds since 2009.
As for the second part of three: http://www.zerohedge.com/news/are-401k-loan-defaults-set-resurge
I agree with you on…
Reply to @hank: I think the thing that I find rather bizarre is that if people are leaving actively managed funds out of being tired or stressed by volatility and going to things like index ETFs. Yes, ETFs are cheaper, but I really don't think many …
Reply to @BobC: BobC makes an excellent, more low-key suggestion with Pimco All Asset/All Authority, whose goal is CPI + 6.5% over a market cycle. "With its dynamic asset allocation approach, the fund targets solid real (after-inflation) returns fro…
Earnings are likely going to disappoint, but I think there's still going to be elements of hedge funds playing catchup and money having to go somewhere (and more printed money on the way) taking stocks higher. I'd say there may be money coming out o…
"Sorry for being slow, I think I get it now."
No no, it was a good question. I think a fund like this is not a bad thing to have to some degree, but you have to be aware of its potential volatility and keep it to a level in your portfolio that you …
MFLDX did not change symbol, remains NTF at A'trade, but the minimum for that share class is now $5,000,000. The Marketfield Fund portion of the Marketfield website also now points to the Mainstay website.
These sorts of funds are going to be volatile, given the nature of the underlying sectors - they are not trying to protect you from downside. The intent is to protect you, over time, from rising costs/inflation and the idea that these sorts of secto…
Reply to @hank: Yeah - I totally agree with you (and I didn't think it was sour grapes) - I think at some point people have to throw up their hands in terms of understandable disappointment with the fund and at some point it really seems to have vee…
Reply to @hank: A few reports ago, Marketfield was discussing its view on EM, and I am too lazy to go back and get the quote, but it effectively was, "If we are wrong, we will admit it and move on, we will not be stubborn."
I don't think Hussman's…
Reply to @Shostakovich: Apparently the firm behind it was a Korean firm called Chiel Worldwide (http://www.cheil.com/work.jsp), which is a public company, but unfortunately not available on the pink sheets in the US. Home Plus, oddly enough, is co-o…
Really isn't an exact match that I'm aware of. MFLDX is global long/short with l/s flexibility across multiple asset classes. The majority of L/S funds are largely US-centric. The Robeco fund is probably the best and closest l/s fund otherwise and i…
Reply to @marlin: And everything that has been put out has said that MFLDX holders will be grandfathered in at current terms. Today was, apparently, the last day to get in before the change.
Reply to @Old_Joe: Thank you for your comments and additional analysis - they're greatly appreciated.
This: ""doesn't eat out much anymore because the bill for our four iPhones is $300 a month." This family's budget is that tight- and they choose …
http://blogs.marketwatch.com/thetell/2012/10/05/zyngas-game-business-now-valued-at-zero-by-investors/
"At Friday’s price, Zynga is now below even that threshold. An analysis by Doug Anmuth of J.P. Morgan found that Zynga has about $2.16 per share i…
Reply to @fundalarm: He held his St Joe short for years and was short before and after the hilariously titled ("Field of Schemes: If You Build It, They Won't Come") report he presented at the 2010 Value Investing Congress.
Reply to @Charles Yeah, it was something I was pondering yesterday - how does one find value in a sector of the investing universe where things are moving so rapidly that value can't be nurtured over a reasonable time? There's "technically cheap", b…
Reply to @VintageFreak: Einhorn was/is right. Chipotle is the frozen yogurt store from that episode of "Seinfeld". I don't know if anyone else has had it, but I don't understand the hype. I'm also fascinated that people call it "healthier fast food.…
Reply to @VintageFreak: Private equity in general is illiquid, highly risky and volatile. Private equity stocks/etc generally tanked in 2008. I'm not saying it's a good idea for everyone, but just saying that this fund has a much greater scope than …
Reply to @Charles: Edited to add - HP down another 3.7% today (as of right now)
Meh. The valuation can go on being more and more attractive for quite some time. I'm not saying there's no value to be found within HP, but again, as I said above, ther…
There were some discussions in the press at times of Wintergreen's flexibility and comparisons to a hedge fund here-and-there, but I never got that in the slightest (it's never displayed a grand degree of flexibility, and has only rarely ever shorte…
