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.
Reply to @Old_Joe: There is a point where you get a snowball rolling. The industry completely did not understand the reality that was going on (CNBC still has no clue, they all look like they are crapping their pants today) and did not have any comp…
Reply to @Old_Joe: "You folks do seem to get a little upset when anyone dares to contradict your opinions and offer a differing perspective. Quite alright for other folk's blood to boil, just as long as it isn't yours. Pretty one-sided, but nothing …
Reply to @Old_Joe: No, we do not. If you want to play, you had better have a looooonnng-term time horizon, and be paid dividends while you wait (and not like, 2%, I'm talking 4-5+%). The Pfizers of the world will work okay. Telecoms (Vodafone, AT &a…
Reply to @Maurice: " Rhode Island’s economic development agency approved a $75 million loan guarantee"
Because video game companies are worth state funds. lol.
I posted this in another thread, but it works here:
I think Jacob Rothschild said it well the other day:
"Recovery may come, but not in months.
In this reality, markets oscillate as
before. Investment success in public markets
has become a game o…
Reply to @johnN: Europe really isn't fixable. QE3 won't fix anything, although that sort of thing will likely cause another temporary boost.
At some point market realizes this, then things get interesting. I think you're kind of seeing that at th…
Reply to @Old_Joe: Probably some real estate for those who can.
Art.
Art Market Bright Despite Global Gloom, Christie's Says
http://online.wsj.com/article/SB10001424052702303807404577432000313091864.html
Reply to @Old_Joe: It's called being the world's biggest crony (which I think is Buffett's own Buffett rule as he gets older - and it was probably not a bad decision as the market changed.) I believe the companies (especially the subsidiaries) also …
Along the same lines, brokers get least commission fees since 2006:
http://www.bloomberg.com/news/2012-05-31/broker-fees-for-u-s-stock-trading-fell-to-lowest-since-2006.html
Reply to @catch22:
As for this: "Who will define "solvent", and will you please step forward with the fully audited books. "
Things like this: "Bankia Parent Revises 2011 "Profit" Of €41 Million to €3.3 Billion Loss"
http://www.zerohedge.com/new…
lol. It is unsustainable. That said, as I noted last week, there are people with deep pockets (such as Carlos Slim) who are going to be very happy to come in and pick up the pieces when the European situation starts falling apart (which it inevitab…
I'm sure that will probably happen. There was a citi analyst who said the same thing in a report a month or so ago.
Added: http://www.zerohedge.com/news/citis-buiter-plan-z-unleash-helicopter-money
Reply to @Old_Joe: Interesting that you are listening to Rush enough to hear such things if you dislike him so much.
That said, I said I didn't agree with everything. I do, however, agree with some things. Bailing everyone out left and right has no…
Reply to @catch22: There were still inflows into bond funds, but less than the prior week. I'd think the T-bond funds would be included in the bond fund inflows counted. I don't think that people are moving away from Treasury Bonds, but I think the…
Reply to @MikeM: Eh, I think it's a counter-point. You may not agree with him. I don't agree with all of his points (I do agree with a few of them, don't agree with some, definitely don't agree with some, some are off the reservation), but it's his …
Gold is not a safe haven in the traditional sense that people have described it as and I'm not sure where this comes from. I mean, people think "safe haven", but a safe haven *in the traditional sense* is not a thinly traded asset that can move 50-1…
lol. GMAC bank popped up again as Ally, now this will be bailed out by someone and pop up as some sort of friendly-sounding bs (Super Happy Mortgage Company, perhaps?) This will all just continue - zombie financial companies re-tweaked and renamed a…
Reply to @NickF: Out of genuine curiosity, how would it grow 24% a year? Growth is already slowing down and the company seems to be scrambling to figure out mobile. The company needs to expand beyond the core of people making mostly inane small tal…
Nothing against John, but M*'s article recommending buying a leveraged muni fund that lost 22% in 2008 as some sort of hedge against Greece is bizarre.
He's probably right to some degree about some of the things he's gone on a crusade about, but if he's using the resources of Overstock to do it (which would appear to be the case), I'd be very upset as a shareholder.
Hedge funds manipulate and do all manner of things and figure out whatever they can within the rules (and probably sometimes outside the rules.) However, in the case of Patrick Byrne, I think the issue becomes here is a guy (CEO of Overstock), who h…
Given the still rather illiquid nature of the EM bond market, those who continue to hold EM bonds definitely should be willing to accept a difficult period, but I think they present a compelling long-term story. In 2008, funds such as PREMX and TGIN…
Reply to @Investor: The tea party was a "brand" that revolved around no more bailouts. Then ... you didn't (unless I just haven't been watching as much "Meet the Press" lately) hear much about that anymore, probably in part because of the reasons y…
This topic is way too political.
However, it is educational in that I had no idea the tea party (which is "so last year", I haven't heard the term "tea party" used in months by the media ) is the only reason why we'll never get regulation and app…
Etrade has dividend reinvestment. Mediocre customer service (fine one time, not great the next), but they do have pretty easy dividend reinvestment. Ameritrade has terrific customer service, but not as easy dividend reinvestment (when it comes to st…
Apparently JPM also invested an enormous amount of money in hedge fund manager Phil Falcone's failed broadband company, Lightsquared (as equity, not debt, apparently, according to a CNBC interview yesterday.) Carl Icahn, David Tepper and others were…
Reply to @Maurice: The Green Bay packers thing didn't pay a dividend or anything though - they may as well have sold baseball cards. It was a souvenir like anything else. Sports fans who want to buy stock can buy MSG (Madison Square Garden.) But y…
There was more discussion of this a year or so ago when there was a service on CNBC that was going to let people buy through social media - I don't know what happened to that, or maybe this is the eventual result. That said, their whole "thing" was …
Reply to @Old_Joe: How can this: "...and 52 weeks of outflows in the past 56 weeks, with redemptions amounting to $46 billion in 2012, compared to just $6.5 billion for the same period in 2011."
... end badly?
:-)
http://www.zerohedge.com/news/re…
Mark Cuban Buys 150K Facebook Shares For 'Trade,' 'Not An Investment'
http://blogmaverick.com/2012/05/23/facebook-ipo-post-mortem-killer-but-not-for-the-reasons-you-think/
"1. Say goodbye to the individual investor on Wall Street. Whatever positive…
