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.
Opening remarks by Janet Yellen for her appearence Thur Nov,14th
http://finance.yahoo.com/news/feds-yellen-opening-remarks-senate-banking-committee-hearing-213340475--finance.html
"Today the economy is significantly stronger and continues to impro…
And the safe option is....
Treasury sells three-year notes at 0.64%
The Treasury sells $30B in three-year notes at 0.64%.Bid-to-cover ratio of 3.46, vs. the previous 3.05.Indirect bidders take 33.3%, vs. the previous 34.4%Direct bidders take 19.4%,…
TGMEX
Relatively new fund from TCW. Sister fund (TGIEX) has top 15% performance record dating back 15 yrs in EM Bond space. TGMEX Oct.31 portfolio:30% EM bonds,66% EM equity,4% cash.And a thorough quarterly report expressing their views and outlook.…
Retail casts away doubts on equities • 8:51 AM From Seeking Alpha
"I don't want to miss out." a Los Angeles real estate appraiser said in a note to his financial adviser last week after seeing one pundit up his DJIA forecast to 20K.
"Frankly, from …
Chilling Signs of a Market Top
Joshua M Brown November 9th, 2013
"It's uncanny how things never change. Read this and tell me you don't see these exact same things playing out as we speak."
http://www.thereformedbroker.com/2013/11/09/chilling-sign…
Unlimited Dreams for Retirement vs Sleep Well at Night
"A recent television advertisement for
Prudential that is intended to encourage
you to save for retirement is on point with
my life. “If you could do anything you
wanted and be paid for it, what…
Feds on Employment Report in Dec Meeting
"hotly debated when Fed policymakers next meet, in December."
"would likely be "noisy.""
Dennis Lockhart, president of the Atlanta Fed, and John Williams, president of the San Francisco Fed, said they were e…
Reply to @Mark: From Kenny Polcari: Early AM
"First Twitter – priced last night at $26/share – up and through the revised range of $20 – $25/share. The excitement builds – the book fills in with investor interest – GS – the book runner – gets to all…
BRUFX :A real tortoise / turtle. Never too exciting,but usually surprising.
https://www.google.com/finance?q=MUTF:BRUFX&ei=kzp8UrjSFsiarAG89gE&ed=us
http://performance.morningstar.com/fund/performance-return.action?t=BRUFX®…
From Seeking Alpha Monday, Nov 4
8:07 AM
Howard Marks is a buyer in China
"Investors have lost all confidence in China," says Howard Marks (OAK), who is scooping up what he calls "tremendous bargains" in common stocks there. "We are investing in Chi…
I bought this fund in April when Fidelity offered load waived A shares.Good long term record.Worth a look for others before it closes.
http://www.invesco.com/portal/site/us/products/mutualFunds/fundOverview?fundId=241
Nice distribution this month @ about a 4.35 % annual rate.Thanks to David and other posters to alert many of us to this fund and it's purpose in our investment and everyday financial planning.
Dividend and Capital Gains Distributions RPHYX
Distribut…
From Seeking Alpha
Fink: "Bubble-like" markets have returned
"It’s imperative that the Fed begins to taper," says BlackRock chief Larry Fink. "We’ve seen real bubble-like markets again. We’ve had a huge increase in the equity market. We’ve seen cor…
From the above polygon link;
"Once you have that exchange in value being efficient, then people start to look for something that they can use as a currency, be it any type of virtual items that are available within that social network, or something …
Reply to @BWG: Hey! Walmart wants to join the party!
http://www.huffingtonpost.com/2013/10/29/walmart-promotions_n_4173547.html?utm_hp_ref=business
New Closed end fund from Ares Capital
Ares Management Announces $130 Million Initial Public Offering …
I keep waiting for a pullback to buy funds and CEF's on my watch list .Here's plenty of reason$$ why that hasn't happened!
$277 billion into stock funds so far this year; highest since 2000
October 29, 2013, 12:03 PM
About one-sixth of that money h…
Courtesy of Marketwatch
The S&P 500 SPX +0.56% notched its 33rd record close of the year, finishing up 9.84 points, or 0.6%, at 1,771.95. Telecom and consumer staples fared best among S&P 500 sectors, while materials and utilities perform…
Direct Payments to Individuals are Certainly Not the Only Government Benefits Enjoyed Across the USA ! From Huffington Post
"Voters across the spectrum enjoy public benefits and historically low income tax rates, plus a web of credits, deductions …
Reply to @Sven: Update From FPACX 09/30/2013 Holdings.Not a lot of change.We'll see what Mr Romick and co-managers say on Tuesday.
http://news.morningstar.com/all/ViewNews.aspx?article=/BW/BWIPREM20131008006835_univ.xml
http://www.fpafunds.com/docs/…
Excerpts from Kenny Polcari 10/25 2013
A quick look at the DXY – will reveal that the dollar index is now back to the lows of Jan/Feb. A weaker dollar will also cause equities and commodities to move higher
With further FED handholding – my bet is …
"Given the
significant possibility for a policy error, the
odds favour betting on lower unemployment
and higher inflation in a Yellen Fed"
Guggenheim/Sott Minard Perpective
http://guggenheimpartners.com/GP/media/pdf/Financial-Times_Helicopter-Ben-Of…
Reply to @paydirt: WBMRX theoretical beta approximatly .20 to SPY@9/30/2013.The fund is not for everyone but I think offers more go anywhere flex than most available to mutual fund investors
http://www.whiteboxmutualfunds.com/docs/lit/tactical//Comm…
You could do worse!
Almost No One Makes Money From The Stock Market Alone
About a year old ,but it is still one of my favorite investing perspectives.
http://seekingalpha.com/article/949001-almost-no-one-makes-money-from-the-stock-market-alone?sourc…
Reply to @scott: "Buy land. They ain't making any more of the stuff." - Will Rogers quotes from BrainyQuote.com.
Thanks Scott.Double the volume in LAND today.The monthly Div (if sustained} and long term value in your "need" investment scenario would…
Reply to @Junkster:
Junk bonds are seriously overbought
“Yes, high yield is attractive right now, but there are also significant risks when your starting point is low interest rates and narrow spreads,” said Steve Blumenthal, chief executive of CMG…
From Seeking Alpha 2:19 PM
GG
Canaccord bullish on top gold miners, says problems already priced in
Canaccord Genuity believes top gold and silver miners have priced in the challenging environment and sees the group returning 22%, as it initiates co…
Reply to @scott: Is this what Salinas Ca farmland is selling for,almost 44k per acre?I kind of like LAND as a long term play on the ideas you continue to share. http://www.sacbee.com/2013/10/21/5839966/gladstone-land-corporation-announces.html
From Seeking Alpha
Pzena likes market given current level of rates • 3:25 PM
'Skepticism about equity markets remains high," says deep-value investing giant Richard Pzena. Given the level of interest rates, the S&P 500 would have to rise by ab…
From the "Doesn't anyone listen to me! "file
From Seeking Alpha
Sprott: WGC gold supply stats "misrepresent reality" • 12:38 PM
In an open letter to the World Gold Council, precious metals investor Eric Sprott (PHYS, PSLV) excoriates the group fo…
Not so much with Caterpillar .Lay-offs,write-downs in China
"Long term, the mining customers I've talked to lately are very bullish," Oberhelman said. "But I don't know if long term is next year, five years or 10 years. But it will come back. We've …
Morning Thoughts/Bulls, Bears & Pigs
From Kenny Polcari
http://www.kennypolcari.com/2013/10/23/morning-thoughtsbulls-bears-pigs-try-the-spaghetti-wbutternut-squash-sauce/
"Speaking of ringing the cash register – did you see the news last night…
Reply to @robertwells: These two funds are probably considered "mainstream" and both hold either gold mining shares or bullion equivalents with corresponding under performance with the bear market in precious metals ongoing since mid 2011.Another co…
From Seeking Alpha
Tuesday, Oct 22
2:39 PM
Alcoa joins Russian company in aerospace venture
Alcoa (AA +7.5%) joins Russia's VSMPO-AVISMA, the world's largest manufacturer of titanium ingots and forged products, in a joint venture to meet demand for …
Kenny Polcari's Take
"They ‘begged’ Dimon to purchase the assets of these failing banks, assisted him with some very generous terms, in order to save the system. I guess the only thing you could say is that JPM did not negotiate hard enough on the f…
Lots of BULLS
Scott MInard/Guggenheim
With the partial government shutdown and Washington gridlock behind us for now, interest rates should continue declining and conditions are pointing to a period of renewed strength across asset classes.
http://…
From Seeking Alpha Beware!
IWM
Small caps get even pricier
"We start to get a little queasy when we hit 19x," says BAML's Steven DeSanctis, unable to find bargains in any sector of the small cap universe.The Russell 2000 is up 29% this year, and 5.4…
