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Heck he doesn't have the guts to fire someone himself despite his tough-guy 'you're fired' persona .... he sends lackeys to do it for him.
Let's simplify. He really does not have the balls to go after ANY dictator.
Cordier's thing was always based on percentages - you just didn't need the underlying stock or commodity to move against you. Up, sideways, anything but into the money and you would make money. I read one of his books years ago and I don't recall …
IMO that's usually why the re-open, but I have no hard evidence to say for sure.
@MFO Members: I wonder if the lose of assets and the fund's performance over the last year have had anything to do with the reopening ?
Thx for the link -- it's always interesting to read what the TRP folks have to say, esp Giroux, whose PRWCX I hold in large quantities. That said, the entire event (as with most such events) can probably be summed up as: "Heads, we don't know for…
I wondered how a manager would have to pay out so much in distributions. The answer is that the rats have been abandoning ship. A glance at the Premium portfolio holdings tab shows that Rolfe has been selling from every single position in America's …
Remember, midterm elections are just days away.
I bet we see continued run-up today and perhaps Monday, and then a massive reversal on Tues if the Dems retake the House. You know, get as much altitude as you can so any big drop down won't bring…
Thanks -- I was going to check my local library tomorrow. I appreciate the info!
You may be able to access it free anywhere via the internet through your local library as I do. Here are the numbers if you are not able. All in millions. PRGTX AUM
…
Thanks fundly. I let my M*Premium lapse last year given the ongoing issues there, but I know where I can find that data now. Thanks!
In Morningstar premium which I get free from our local library, in the fund page you are looking at, click on th…
Markets only 'love' Tweety when they're going up. When they go down, Tweety finds something or someone else (*cough* Powell, Fed) to foist the blame on, b/c his skin is so thin you can practically see through it, and nothing's his fault unless it …
Jerome Powell sure to receive another scathing by day’s end. :(
No, I think it'll be the rogue traders embedded in that caravan that he blames for the market 'crashing' today.
I don't dabble much in munis so I really can't offer much insight. That said on some of the muni funds I do look at, I consider things like duration, how much general obligation they have (lesser is better imo) and which sectors they are mostly f…
Finance media has these types of articles on-file to trot out after any major volatility hits. Pretty much the same stories/opinons/'advice' --- they just change the dates and bylines. YAWN...
Let's not forget the poorly-timed tax bill last December ... the economy was humming along fairly well and didn't need 'stimulus' at this time. Gods help us when the next financial crisis occurs....
If the market goes up, he claims credit.
If the market goes down, he blames the Fed. Or Hillary. Or something, anything other than himself.
Need I say more?
One of my long-long term accounts is full-service at WFA and I've had no problems. Of course, my FA is from AG Edwards before the mergers, and he's a very lowkey, low pressure fellow -- I have no problems w/him or his office. If they ever quit, …
"government spending was the reason for the wider budget deficits, not the Republican-led tax cuts activated this year."
Yeah ... spend enough to cause a fiscal crisis, and you can then cut entitlements to remedy the problem. It's like making the …
Translation: Insanely-priced OEFs are not a good investment. Not exactly rocket-science there, Forbes reporter.
Want to talk about bad investment funds and lessons learned? PAUIX holders who stuck with the fund despite Arnott's ongoing 20% short…
Investing-wise, the storm doesn't change my views on the utes and infrastructures. I just added UTF to one of my accounts yesterday, actually.
Regarding the Atomic Tangerine, yesterday, he's also grumpy b/c nobody praised him tossing "beautiful, …
ETFs -- because Wall Street needs to churn shares to make profits, and there are few better churners than retail investors ... and now hedge funds/OEFs who own a s---ton of them instead of their underlying shares. Trade! Trade! Trade! Order-flow p…
There was a movie. 'Too Big To Fail' was based on Sorkin's book by the same name ... I just finished re-watching it this evening. Paulson is the central character.
Pretty much this for me, too. And I refuse to touch bank preferred stocks, or have exposure to them, since they're almost always 'non-cumulative' ... meaning if they're forced to suspend their dividend, you aren't entitled to the ones you missed …
You will perma-bears like Marc Faber and other saying the same thing going back at least ten years ... so listen w/a grain of salt. They'll be proven right EVENTUALLY ... but being early and right is still being wrong for economists and market pun…
FWIW saying, just saw this tweet that relates to the viability of shorting US stocks:
@IncomeDisparity
World Markets:
Japan - Below 50 and 200 DMA
China - Below 50 and 200 DMA (multi-year lows)
Germany - Below 50 and 200 DMA
France - Below 50 and 2…
+1.
Actually, we've already seen some results of selective "foot dragging" with respect to some orders which are suspect in their legality. A number of things with respect to the military, for instance, regarding various personnel directives whic…
Good find!
I live practically across from the Pentagon - but I felt more existential dread during Sep-Oct '08 than I did on 9/11 even as smoke blew across my balcony for 4 days afterward.
On Fridays during '08 you felt a relief as the markets clos…
Ben is spot-on.
I remember when in the aftermath of the 9/11 attacks, then-AG John Ashcroft essentially said in a Congressional hearing about the privacy-invading so-called 'PATRIOT' Act that: "“To those who scare peace-loving people with phantoms…
Maybe 'David Dennison' wrote it. Or 'John Barron'? Either could do it w/the help of a ghostwriter. ;)
Seriously, though - even though nearly all his folks have denied it, do you think anyone would actually admit it right now anyway?
