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.
Been thinking lately that the world has gotten so good, so efficient at making stuff, mining stuff, farming stuff that there is just too much stuff, resulting in an oversupply of everything.
Could not agree more. Some have said forever to stay awa…
AndyJ do you ever venture into the preferred? I normally stick with the open end junk munis or junk corporates whichever is trending. But am buying some NPSRX today. CPRRX is the master of that domain but I prefer the funds where the dividends ac…
Had this discussion before but with 50% B credits or lower and near 50% in Munis PTIAX should be included in a high yield muni discussion.The fund keeps chugging along.
https://www.google.com/finance?q=MUTF:PTIAX&ei=MNKWVrneEpeSefmYudgO
ht…
Ended up selling two muni cef's today. They've gone parabolic in the last couple of weeks, up to a 10% total return for 4 months, can't keep that up. Nibbling now at a short duration junk corp/mortgage cef that's picked up some momentum lately.
May…
It was actually over 40 in the past 12 months and off over 40% from its highs. We heard the same thing (yield and insider buying) about the MLPs here and then they tanked up to 70% and more.
Dex said "I'm not one of them and never have. If I were I would do something to change that situation.
How about you?"
No. Not currently one of them. But I can recall some tough times in the earlier years - even after graduating from college and l…
Thanks for the input Anna. I assumed linter was aware of the Discussion+ category so I did not mention it earlier. Alas! We all come here for different things and have different points of view on how the board should operate!
hank, I don't know …
Junk corporates are holding up surprisingly well in 2016 amid the oil and equity declines. How much is its usual January strength and how much it's something else we shall soon see.
The muni trade seems to be getting a little hot now. I'm still heavy there, just hope it doesn't reverse too, um, energetically.
Agreed! Yesterday on Barron's Daily all I saw was to beware of 2016 in most markets but not so in munis. An article ab…
Being a trader can't offer investment advice. But I commend you for making it to 86! You may just be the eldest on this site. May you have many more good years ahead of you.
2.84% return for 2015??? Something is amiss. Maybe dividends are not included. Not even familiar with that particular index. Dex's HYD returned 5.06% Many of the open end high yield muni funds returned over 5% also in 2015.
Edit: Still think th…
Back in the days I recall a pattern where the first trading day of the year was a fakeout move. Let's hope tomorrow is a turnaround day. My stock for 2016 is TLGT. Looking for a buyout somewhere down the road. I am woeful however investing/tradi…
Charles the most honest poster anywhere that never tries to pretend (like you know who here) There is nobody I wish success for more than you. Hope you have a prosperous 2016!!
Hi Old_Skeet:
After the close on January 4, 2016 I will be 100% cash and will remain so for the foreseeable future. Unlike many knowledgeable posters on MFO my actions are very "unscientific" and I do not advocate this move to anyone else. Briefl…
Fixed income cef's with low/no junk corporates, and munis of the lower IG/non-IG persuasion have beaten the S&P 500 pretty handily. Many muni, preferred, and mortgage-heavy cef's are up roughly in the range of 6-12% (some even better), and HY mu…
I am yet to meet any "smart money" traders. Back in the 80s and much of the 90s this indicator was among the best at calling tops and bottoms. Except then it was the "dumb money": indicator. Meaning, in bygone years the present reading would be s…
@VF - I know you saw it coming, sorry to offend. I asked Charles because I thought he was one of the believers.
I have to wonder though if Mr. Buffett has been right all along. Just stick your money in an S&P 500 index and go live your life. If…
Nice commentary. To keep things in perspective, the average high yield corporate bond fund is down 3.83% YTD per Morningstar. Not exactly end of the world news. But as I said a few times here, I hope it gets worse, much worse. That wish alone pro…
The debacle in junk bonds has been more than telegraphed and commented on here in the past. The worse the better if that means another 2009 where the average junk bond fund was up 40%. Also, while the *price* of HYG may be at July 2009 levels, the…
MUB, though, was up, and on greater than avg. volume, but nothing like the HYD volume anomaly (if Yahoo & M* are correct). Something specific to HY munis, about, say, private activity bonds or Puerto Rico? Tax selling after Monday's dividend pay…
Dex, why I hate and never trade the ETFs. The junk munis ETs (HYD and HYMB) suddenly took a big hit late today (and on extraordinary super high volume) Must be some news? There is usually a one day lag between the open end and ETFs so will sell …
You might scan the original author's recent title list to get some perspective on him and how much weight to assign his forecasts.
David
Way ahead of you on his ilk and those in Vendorville. These dream merchants who "train" traders and pander tra…
Energy, commodities, and related have tanked in 2015, junk bonds have had a rough go of it, interest rates already rising on the short end of the curve yet the Dow, S&P, and especially the NASDAQ (up over 7%) hanging tight. Better to listen to…
I am not biased so here's some positive news on the MLPs. I just hope the "after the fact" brigade here doesn't come in later and tell us how they bought more near the lows.
http://blogs.barrons.com/incomeinvesting/2015/12/08/a-pause-in-mlp-negat…
Another really, really ugly day in the junk corporate market. My worry is a credit crisis in this market could spread to the junk muni market if only because of guilt by association. Also, oil weakness could also impact the muni credits of some are…
@Junkster Bought some Junk yesterday on down draft.
BGH
Oil And Gas 17.17%
10/31/15 Fact Sheet
http://www.babsoncapital.com/funds/closed-end-funds/babson-capital-global-short-duration-high-yield-fund
Reminder
DoubleLine Total Return Webcast titled …
Energy Transfer Partners and Equity bouncing after $42 million in insider buying (http://seekingalpha.com/news/2971446-energy-transfer-companies-bounce-after-insider-purchases)
I've been hearing all year about how *wonderful* an investment is in the…
heezsafe, a 0.75% to 1% decline from highs and I am out. Will reload depending on market action. Why are you not taking a bow for your post below a few months back on the highly touted MLPs?
http://www.mutualfundobserver.com/discuss/discussion/co…
This is one of the longest threads I've seen since I've joined and I still can not find the mutual fund I should be buying or selling.
If you have come to this forum or for that matter any forum to find out what you should be buying or selling then…
Holding up well a bit misleading as they are more than just holding up. They are beating most all the equity index and category returns as well as leading the pack in Bondville. Some of the better managed open end junk munis are up 4% to 5% YTD. …
And ETE down over 57% from its earlier high this year and EPD down 40% on top of the aforementioned KMI 62%. Not affecting my junk munis whatsoever though. I had said that just maybe the so called experts will be proven prescient in their call for…
TSP_Transfer, not as high powered as ABTYX and others, but can't disagree, PTIAX is a nice conservative fund. I looked at it at one time but my style of trading prevents me from buying any funds with short term redemption fees. Same with PTRMX. H…
I don't see high yield munis above - last year's top performer with total returns in the mid to high teens. Up 3% YTD with little to no volatility while the better ones ala ABTYX up over 4% and PYMDX approaching 5%. Thanks in no small part to the…
