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.
Got this from an article on Fidelity's website by Barrons re: March Payroll Data Understates the "Full Horror". I won't copy and paste the whole article but this is from the Manufacturing section.
"Insights
by Cresset Asset Management, cressetcapit…
Fidelity has reopened FSMEX (medical equipment) FSCRX (small cap discovery) and FCGPX (small cap growth) for those who are interested.
Fidelity Announcement
@VF - it's the exact opposite of what happens when the cost of a gallon of gas goes up when the price of oil goes down. "It just magically makes no sense." You have to keep those rich folks richer so they can trickle down on you.
And just what test would that be @Gary. Failure to cover an egomaniac's ass at the risk of the live's of his men? I say he passed with flying colors. He saw a threat to his ship and his crew, he met the enemy and he stopped it. That's what our best …
@JohnN - again it is my opinion that your anger is misplaced. POTUS, your numnuts leader, has mocked and downplayed this disease from the beginning as the common cold, the common flu, a media or democratic hoax, pick your poison despite having bette…
Wrong @JohnN, just wrong re: "china...communists liars"
Why damn a whole country? Why them? They may be communists (but check with the every day people first) and they may be liars (few saints on this side of the pond as well) but what exactly do t…
Note again - this article reflects holdings as of year end 2019. We as shareholders have no idea what these funds hold today nor will we until the first of June, 2020 at best AND even then those holdings data will be stale as well.
Beats having a grenade tossed in your tent.
@WABAC - I'm fairly certain other commanders-in-chief wouldn't have let it come to that point. The lives of the crew would have mattered more than their ego.
Tell me something @rsorden - what earthly good is a multi-billion dollar vessel floating around aimlessly in an ocean with possibly 5000+ dead sailors on it? The fact that you would sacrifice their lives so that their numbers weren't added to your t…
I know little to nothing about this fund but looking at the holdings Equity/Other as @LewisBraham noted you will see a significant dollar amount of currency hedges primarily the large allocation ($1.9B) to the British Pound. I wonder if they got cau…
A March 26, 2020 article in the Science section of the Washington Post discusses some of the issues with testing and a negative coronavirus test result.
A ‘negative’ coronavirus test result doesn’t always mean you aren’t infected
@VF - The article mentioned one, "An investor who bought MFA financial five years ago was up 70% as of February 20th. Now they’re down 73%. It went from $8 to $1.28 in 28 days. Unbelievable move."
Others include NRZ (-68.9%), TWO (-73.9%), LADR (-7…
Common in some CEF's but I don't recall mutual funds doing this. It didn't appear to be significant, a rounding error as the author noted, but should it persist the fund may drop their regular distribution amount to come inline with what the fund is…
Herein lies one of the biggest fools, Jerry Falwell Jr., and the foolishness you are dealing with.
Liberty University Brings Back Its Students, and Coronavirus Fears, Too
And Politico had this to say: ‘He’s Going to Do Whatever He Wants’
I've heard it said that many of the evangelicals believe that it is their God's will that we are being tested with this pestilence and that he will save us. You will not move them off that insanity.
Yes, not unexpected. I have REIT investments and have seen their valuations cut 50-60%. In my mind selling now would be ridiculous as I don't expect that all of them will magically go out of business although some very well may. The only single REIT…
@LewisBraham, @Sven - Correct. I Liked this from todays Washington Post and unlike 45 I fail to see the problem. Quite possibly the only true thing I've ever heard him sputter.
"In an interview with “Fox & Friends” on Monday, Mr. Trump summaril…
@LewisBraham - I am familiar with the Brookings study and I was not trying to insinuate that one should only look at the 'home' when viewing a persons total assets. However when looking at your average everyday buyer of a home i.e. the other 80% who…
You'd think, or would like to think so, but recent experience demonstrates how wrong that assumption could be. I'll try to explain.
Much like I have recently done a friend was in the process of buying a home in a state to which he wanted to move. H…
@BenWP who said "This is flying in the clouds with no instruments and a radio that sends out contradictory directional advice."
I hate when that happens.
@ FD1000 - I beg to differ:
° Of course his answers are semi-political and vague. One look at the grand orange poobah standing off to the side glaring tells you all you need to know. He tries to give smart, insightful and intelligent answers with…
@Charles - you mentioned "Our friend Junkster always touted the importance of having predefined "exit" criteria. He was/is a day trader so he watches for instabilities typically in price movements of what he calls "tight channel" funds. If he sees t…
@Sven - I take it that you have read sma3's remarks pertaining to Quicken. I really can't add anything to that as I use it nearly exactly the same way.
I'm sorry, my apologies re: the pension. I din't expect to be taken literally but I should have known better with this crowd.
Frankly I'm of the opinion that Dr, Fauci performs his duties despite any adulation or compensation he might receive becau…
From the article: "Dr. Arabia Mollette, an emergency medicine physician at Brookdale and St. Barnabas Hospital in the Bronx, say she now works in a "medical warzone."
"We're trying to keep our heads above water without drowning," Mollette said. "We…
UPDATE with a focus on PCI & PDI
PIMCO CEF Update | It's 2008 Redux
Summary
° The PIMCO UNII report showed some modest progress on coverage and UNII levels.
° Obviously, the traditional looks at this report are less important given wha…
