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.
Same theme not quite the alarm .
Macro View
Complacency in Uncharted Waters The next challenge for central bankers is changing monetary policy when the economy has come to depend on it.
May 03, 2016 Global CIO Commentary by Scott Minerd
...Another …
Speaking of "thoughtful insights"'
Warren Buffet's Annual Shareholders Meeting to be streamed live tomorrow Saturday April 30th 10 AM EDT
Yahoo's marketing
"For the first time in the company’s history, Berkshire Hathaway will live stream its annua…
Thanks @BenWP
From the Annual Report
Fund Asset Allocation
The CV (The Contrarian Value team led by Steve Romick), will decide how much of the Company will be
invested in equities and fixed income securities, having made
such asset alloca…
NEW NORMAL ??
US Q1 GDP Growth Rate Weakened To 2-Year Low
US economic growth stumbled in this year’s first quarter, according to this morning’s estimate from the Bureau of Economic Analysis (BEA). The government’s first release of the Q1 GDP repor…
SAN FRANCISCO — Wall Street is running out of superlatives for Facebook....now 6th most valuable in S&P 500
"Ace Book." "Moving beyond the friend zone." "Liking the execution." Those were three of the research notes published by slack-jawed ana…
Facebook Will be Uplifting For These Tech E T F's
Facebook crushes expectations, stock soars
108.89 +0.13 (0.12%)
After Hours: 118.78 +9.89 (9.08%)52 week 72.00 - 117.59
Apr 27, 7:59PM EDT https://www.google.com/finance?q=NASDAQ:FB&ei=6YQh…
At an AA+, the company has the same rating as the US Treasury.
Corporate Bond Risks and Returns in the News
Posted on April 27, 2016 by David Ott
Acropolis Investment Management
Yesterday, I was in the middle of updating a chart about the basic r…
Apple took a more than $40 billion hit today after reporting its second-quarter earnings — and it was bleak. Shares of Apple were down more than 8 percent in after-hours trading at one point today.
Why Apple’s stock fell off a cliff today
Posted 4 …
@Junkster said "In the old days at INVESCO and Strong you could buy and sell their in house funds at will with no fees whatsoever."
And Dick Strong could get yesterday's price !
Thanks for all the posts and continued success !
Trumpism (Whoops, I mean protectionism ) Gaining Support in Oil Patch
US oil drillers seek limits on crude imports
Posted by Associated Press Date: April 19, 2016
Oil drilling companies and royalty owners from the Texas Panhandle to New Mexico’s s…
As @Mona pointed out ,current cardholders will receive the new "Costco Anywhere Visa Card by Citi " before June 20th, 2016 for use beginning on June 20th,2016.A nicely presented brochure with enclosed details concerning the transition should have re…
Cygnets
DAVID ROSENBERG: Janet Yellen's use of one word tells us something has gone wrong
David Rosenberg, Contributor
In a truly seminal speech on March 29th, Janet Yellen used the title, The Outlook, Uncertainty, and Monetary Policy.
I have been …
Hey @hank
Where's all that Hot Money/Alpha Going now? Good call.Buy the rumor sell the news ?
Good Background Here:
Brazil's unfolding political tribulations are a significant departure from its recent trajectory. Just a couple of years ago, Brazil …
Latest Update.I continue to own the fund.
FPACX 1st Quarter Update
TOTAL CASH & EQUIVALENTS 6,183,252,260.14 36.25%
TOTAL NET ASSETS: $17,059,264,885.05
Activity:
o Sold out of Anheuser-Busch, Jardine Matheson, Joy Global, Orkla, and Walgr…
Also:
Gundlach: Swap Corporate Bonds for Mortgage
J. Gundlach, bond King, Doubline, is suggesting to blow out of your corporate bonds, especially junk, that were purchased at the height of panic when everyone thought the Fed was crazy enough to hik…
And another take
Taken at face value, today’s numbers provide cover for dismissing yesterday’s surprise decline in retail spending in March as noise.
.....Even if you’re not inclined to embrace conspiracy theories, there’s still reason to wonder w…
FPACX 1st Quarter Update
TOTAL CASH & EQUIVALENTS 6,183,252,260.14 36.25%
TOTAL NET ASSETS: 17,059,264,885.05 100.00%
Activity:
o Sold out of Anheuser-Busch, Jardine Matheson, Joy Global, Orkla, and Walgreens
Boots Alliance.
o Added to several n…
@prinx Very happy...but any other suggestions
Smoking out the right way to invest in the marijuana movement
Advisers keeping their distance from high-flying pot stocks
By Jeff Benjamin | April 11, 2016 - 1:20 pm EST
InvestmentNews
Meanwhile,…
Tough Month for OTCRX Managers see lower earnings ,over-priced market.
From David Snowball's April 2016 Commentary
Otter Creek Long/Short Opportunity (OTCRX): we’d describe the young Otter Creek fund as “pure alpha” – it has outperformed its peers…
Here are some Muni C E F's with current Premium/
Discounts to nav ( Pricey ?)
NUW + 2.34
NMZ +1.29
OIA -0.26
NBH +1.04
Good spots for further research.
Nuveen Tax-Exempt Municipal Debt - National Municipals
http://www.nuveen.com/CEF/DailyP…
@Junkster said 'Don't mind me, just one of my pet peeves."
Thanks for the hint on a more accurate way to explore a truer picture on investment returns.Now a hint on where to find a good source for a total return chart.
P S I don't think most here m…
Junk Sovereigns ?? A Real Reach?
Markets | Thu Apr 7, 2016 4:46pm EDT
After 15 years, Argentina set for bond market return
By Joy Wiltermuth
Now it will hold a five-day roadshow in the UK and the US as it preps a new bond expected to raise $12 bi…
Crude set to lose ytd gains on 1st day of 2nd quarter.
Oil tumbled 4 percent on Friday to open the second quarter, after a Saudi prince reportedly said the kingdom will not freeze production without Iran and other major producers doing so and data s…
More Jumping In
Money poured into fixed-income ETFs in Q1
Mar 31 2016, 14:56 ET
Fixed-income E T F net inflows of $32.5B in Q1 were nearly triple the average of the prior 12 quarters according to Marketfield Asset Management. A notable beneficiar…
Biotech Related
Biotech Selloff, EVENTIDE FUNDS Semi-Annual Report 31 December 2015
The Gilead Fund and Healthcare & Life Sciences Fund are both exposed to the biotech sector,
which normally is not correlated to the broader economy. The futures …
Fund Times By Kevin McDevitt, CFA | 03-23-16 | 06:00 PM
Goldfarb Steps Down at Sequoia
David Poppe remains as sole manager as the fund grapples with the fallout from its concentrated bet on Valeant.
http://news.morningstar.com/articlenet/article.…
PTIAX
Corrected per heezsafe
Total Assets Dec 31 Fact Sheet
$223.02 mil
Total Assets March 23, 2016 per M*
$ 370.3 mil
66 % increase in assets under management. Y T D
Management probably thought Who needs These ?'12B-1 Fee'
BREAKING DOWN '12B…
How To Be Wrong As An Investor
Posted March 9, 2016 by Ben Carlson A Wealth of Common Sense blog post
Investors can’t expect to be right at all times. You’re going to be wrong on occasion even when you make the right decisions. Understanding that…
@hank said "So small investors are supposed to ...? "
Gundlach mentioned as possible investments
G-7 Bonds in local currency. Gundlach's newest fund Right product,right time.
http://www.doublelinefunds.com/funds/global_bond/overview.html
Bond C E…
Well we get to here his thoughts again Tuesday !
Jeffrey Gundlach (who many follow blindly because he is an expert and manages billions)
http://www.mutualfundobserver.com/discuss/discussion/26347/another-open-mic-for-doubleline-s-jeffery-gundach-co…
@Junkster.Only presented the S A link as a primer for high yield options and comparisons.
Here is another chart from the S A article that clearly shows your call of a bottom on February 11th.Even the much maligned FPACX is up 7.69% since then !
a…
Summary From an article earlier this week from Seeking Alpfa looking @ E T Fs in this space
authored byFundGuru Mar. 3, 2016 8:40 AM ET
High yield bonds have performed poorly of late, despite historically delivering equity-like returns with lower …
@Old_Joe Follow-up SRAQU (Burning a hole in his pocket ? )
C E O Who Helped Create the Shale Oil Industry,Ready to Pick Up the Pieces With 2016's Biggest I P O
Item 8.01 Other Events.
On February 29, 2016, Silver Run Acquisition Corporation (the "…
@Old_Joe
Sure it wasn't that "skyscraper" on the right you remember ??
Snow in San Francisco (1887)
http://www.thisweekincaliforniahistory.com/page/13/
Snowstorms in downtown San Francisco are rare; in fact, during the last 150 years there have be…
Can We Shake Hands This isn't Apple vs F B I /China
President Xi shakes hands with Apple CEO Tim Cook.
“On a personal note, this was the first time I’ve ever spoken with a world leader entirely in a foreign language,” Zuckerberg wrote on Facebook…
Better to Inquire about investment ideas @ M F O than some of these advisors !
There's a phrase no one wants to read in a sweeping report about the financial advisers who handle their savings: economy-wide misconduct.
By Bloomberg News | March…
The demand for safe assets dominated asset flows in February. The main beneficiary of the risk-off trade last month: foreign government bonds in developed markets. Citigroup’s World Gov’t Bond Index ex-US surged 4.0% in February (unhedged US dollar …
