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.
I visited CapGainsValet earlier this week. Mark has made some nice upgrades, and I don't recall the site looking so fine last year. Good job, Mark.
Anyone focused like a laser beam on any important aspect of MF investing is bound to note something …
@David_Snowball Yes, it is rather sad, isn't it? That's why I haven't been posting much. I suppose if I found some really good macro article I would put it to the board, for whatever updated info or analysis it might contain, but for the most part I…
Fannie and Freddie and The Banksters worked hand-in-glove, hand-in glove to create and spew those toxic instruments all over the world.
@Old_Joe And they're baaaaaack (if you're on bp meds, I hope you haven't forgotten to dose today):
http://www.bl…
I suppose, if one lived long enough, and these stealth money grabs continued unabated, it could get to the point where one would just not file a return for a couple of years to buck-up one's margins, so to speak, to make ends meet. And then hope the…
I wouldn't think of RSIVX as a multi-sector bond fund, even though M* puts it there (IMO, incorrectly). [If it is multi-sector, then where are the sectors (PLURAL) that you see, M*? All I see is elevated cash and corp bonds, most of them being below…
@msf I think that George Will must have at least a corner of the market in straw by now. This has been going on with him for so many years I don't even bother reading what he has to say; he's a smoothy, but invariably you get half-way thru any of hi…
@Charles Question for you. You may have noted this elsewhere, and I just haven't come across it yet:
The returns data will be coming from Lipper soon. How about the fund stats (Martin, Sortino, etc., I do pay considerable attention to them)--- will …
@hank You have that profligate seniors problem, too? Just looking at the way they drive tells you all you need to know about 'em, hogging 2 lanes instead of one whenever they take a hank-ering. :)
http://www.reuters.com/article/2015/10/15/us-retire…
Yes, next year the double squeeze is coming, and it won't be stealthy--- one from the top, one from the bottom, with a lot of tiny cuts and stabs to come later. Health care insurance premium increases (next month?) should bring the picture more in f…
@ibartman Thanks. Too many significant distractions this week for me; I'd have missed it.
I think Alex Bryan sorts it out pretty well, esp. his ending where he writes:
"While the large-cap multifactor strategy has merit, long-term investors should …
@PRESSmUP Oh, you're the worst! (and then, within "like" 24 hrs, you would be ---the horror--- unfriended, and thereafter referred to, in their chatrooms, as Uncle Dick)
There were many, many reasons for the severance of Gundlach from TCW Galileo, including fundamental differences of opinion re. future direction of the entire company. Nevertheless, isn't it curious how often blow-ups "just happen" to coincide with s…
@rjb112 Yes sir, that'll do it for controlling interest; whether 80, 65, or 50.1%. Thanks.
@Shostakovich I dunno. We've certainly seen this before and, soon or later, it seems to not work out so well for MF shareholders, about ...what...half the t…
Did they buy the whole enchilada? I thought they only bought a 20% stake in First Eagle. That would be similar to Oaktree's ~20% stake in DoubleLine (which has been quite lucrative for them).
If the fund is to be liquidated in December, what's the point (there must be one) in converting Class B shares to Class A shares in October? Is it just to make the final redemption process, when all is said and done, quite a bit smoother/easier?
If either of those companies go under, the whole US won't be far behind.
@Old_Joe Ummmm, I believe that's what most depositors @ Washington Mutual and Lehman Brothers and Merrill Lynch were probably thinking, too, right up until ......
http://thereformedbroker.com/2015/10/06/chart-o-the-day-the-weight-of-winning/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed:+thereformedbroker+(http://thereformedbroker.com/feed)
Biotechs have had a historic run from lat…
Qtr4 of 2008 was not a season of gumdrops and lollipops for junk bond funds as well. That's two of the last seven (28.6%). I suppose things may yet turn around in Qtr4 2015, but as Gundlach remarked in the Reuters phone chat I posted this a.m.:
"I'l…
More fences, more gates. I would imagine, in the not-too-distant future, there will be additional rule-making "to help us manage our investments more prudentially," to protect us from ourselves, and to better ensure "market efficiency." Following a …
@clacy @learningcurve among the many possible reasons for not having received an e-mail re. the breach from Scottrade, at least we can rule out the reason being you are persons of little or no significance. (awwwh, xxxxx)
But, hey, it could have be…
A section from blog of Steve Blumenthal, CEO of CGM Capital Management Group, Oct 2
On My Radar: Defaults Will Breach the Historical High Next Year – The Fed is the “Wild Card”
http://www.cmgwealth.com/ri/on-my-radar-defaults-will-breach-the-histori…
@msf You changed your PW from "barn door" to "horse"? That's hardly an improvement and rather strange.
@Mark Why are you just hearing about it? Vairwy vairwy strict privacy laws!
Another take on it, as well as who else is starting to do it.
http://www.etf.com/sections/daily-etf-watch/daily-etf-watch-jpm-plans-europe-funds
@ibartman Momentum, of course! That's the one I couldn't recall. Thanks for looking it up. Now, if they…
Ted probably got sick, after reading about the property tax hike being proposed for the Chicago budget next year (unbelievable!). And who wouldn't?
http://abc7chicago.com/news/budget-director-city-property-tax-hike-plan-not-enough-/1006710/
Mayor R…
The trend in corporates will probably continue for awhile.
http://www.bloomberg.com/news/articles/2015-09-29/bofa-sees-junk-bond-train-wreck-as-pain-spreads-across-market
