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.
In fairness OJ the whole bond market has been pretty well trashed and I for one didn't think mortgage-backed bonds would be hit that hard or that fast. Sure a few issues/issuers here or there but not all of them or all at once. Guess I was wrong.
Thank you both for your responses. To be honest I don't put much faith if any in the bond side of this fund despite Gundlach as we've now seen how they have failed to hold up as well. Not just in this fund but nearly everywhere. Ouch.
This should have been a no-brainer which to me demonstrates clearly that politicians have less than that. I feel that they absolutely must first get the help and aid into the hands of those that need it and the healthcare items needed to get the co…
@BenWP - try not to beat yourself up too much. I struggle with the same thing at times. In my case when something blows up like this my initial response is to search for WTF just happened before I immediately stomp on the 'sell' brake. Also in the c…
It's gotten a lot better and to be perfectly honest members of the board tend to be pretty respectful of one another, a credit to both David and the former host, no nonsense, Roy. Trolls, agitators and malingerers tend to get weeded and/or called ou…
In the past, but less so recently, board purists would bunch up their panties when a non-mutual fund post hit the board despite there being an Off-Topic category. They were informed that they could just scroll on by, or choose only the categories th…
I'm still trying to sort it out Mike, and frankly I see no reason to rush until the smoke has cleared. "Only down" is hardly reassuring and I know you didn't mean it that way. I'm content to let Mr. Price show me the way as always.
Call me crazy but I actually just added XLE to my watch list. I know, I know I have mostly bashing the sector as a losers game since January and I still see it dead money at best but it may provide a good trading opportunity here and there. I defini…
Thanks NumbersGal. I have been following that and other sources. I'm inclined to wait for further confirmation on these activities before blowing my cool but they still sure seem smelly at this juncture. In Sen. Feinstein's defense at least she wasn…
Also a good discussion of what has been happening in mortgage bond land lately by Lou Barnes at Premier Mortgage Group:
Mortgage Credit News March 20, 2020
@Charles - For further discussion on mortgage backed securities you might want to give this M* community discussion a look. Let me know if you have trouble accessing it.
PIMCO says mortgage-backed securities are cheap
PIMCO's blog Insight Report i…
Their first two underlying reasons seem to cancel each other out so yes, I'm a little confused as well (both technically and non-technically). I'll have to reread this again a few times.
Edit: But I do feel there will be upside to this fund and my…
I know that this is a wild and crazy thought but you should all be used to this from me by now. See, I think this is a time when fund companies and fund managers should step up and be a little more up front and forthcoming about what is going on wit…
Not big enough if you make less than $40K a year it seems.
"The legislation would provide checks of $1,200 per adult for many families, as well as $500 for every child in those families. Families filing jointly would receive up to $2,400 for the ad…
From Catherine Rampell at WaPo:
No, the airlines do not need a bailout
If any taxpayer funds are used they should be used to eliminate baggage and other fees and in the removal of every other row of seats. Since deregulation the airlines have trea…
I'd almost bet old 45 is just itching to declare bankruptcy on everything he owns and/or he will be looking for a full bailout package. Let's see what happens.
80 years ago America asked it's citizens to go to the other side of the world for years to storm beaches under fire for the common good of mankind. Now it's asking you to stay home and bingewatch some TV and do some housework for a couple weeks. Thi…
@NumbersGal - please point us to the NY Times article showing Loefflers investments being sold from a blind trust. All I've been able to find is an opinion piece.
Edit: AND I did search for something/anything similar prior to my original post.
"The airline, cruise lines, hotels, casinos and anything that smells like travel or tourism are dead. There is no demand nor will there be."
I don't buy that totally. Those that deserve to die, should. Those that were shall we say blind-sided and/o…
Governments offer financial lifelines to airlines, at a price
From Reuters. "Under the $58 billion U.S. proposal for passenger and cargo carriers, the U.S. Treasury Department could receive warrants, stock options, or stock as a condition of govern…
^ What he said ^. Not totally out of the realm of possibility but I hope not. I have far to many friends and family in the service sector to just shrug it off.
I think the entire country may be on lockdown soon. All non-essential activity will hal…
There's a lot going on here that I think is largely related to mREIT's, indiscriminate selling, margin calls, and the implosion of certain of certain UBS ETN's e.g. MORL. I'm not sure by any means but it could be a factor.
Can't fix stupid. While Miami has closed South Beach the mayor of Clearwater apparently has never seen Jaws. They announced yesterday that they would close the Clearwater Beach beginning Monday, March 23rd. I believe they're thinking that a 5-day …
Loans maybe but no to bailouts in most cases. The middle class should not be on the hook for bad management practices like they were left holding the doggy bags (poop piles not food) after the financial crisis.
