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.
My top three mutual funds are FKINX (6.4%) ... AMECX (6.1%) ... and CAIBX (5.1%). I have owned these three funds for a good number of years, one of them about fifty.
For what it is worth ...
I hold non qualified contributions in my traditional ira ... and, now that I am taking annual distributions these non qualified contributions reduce my tax libality. I leave this up to my tax accountant to compute all of t…
The S&P 500 Index closed the week with a reading of 2378 up 5 points for the week. For the rolling week the barometer lost 4 points and closed with a reading of 140 maintaining its overvalued reading (132-144). Remember, the lower the baromete…
Old_Skeet's market barometer closed the day with a reading of 140 ... up 1 point for the day ... and, remains with an overvalued reading (132 to 144) for the S&P 500 Index.
For what it is worth ...
I have noticed an increase of cash being held in a good number of my asset allocation and fixed income funds throuh doing an Instant Xray on my funds along with my portfolio as a whole. Enough to where it has added a one …
With both the sotck and government bond markets moving upward today with the S&P 500 Index, rising 20 points, closing at 2385 also put Old_Skeets market barometer well into the overvalued area by dropping 5 points to a reading of 139.
This is a…
As some technicals have changed the barometer reading has now moved upward 2 points to a reading of 144 keeping it scored as just barely overvalued as of Tuesday (3/14) market close. The earnings multiple continues to look promising. A reading of …
Since, I recently sold down some of my equity funds when the next buying dip comes I'm thinking to adding to my mutual fund (FDSAX) that incorporates about one third of its equity allocation to the Dogs of the Dow strategy.
It has not performed wel…
As of Monday (3/13) close Old_Skeet's barometer, for the 500 Index, pulled back two points to 142 maintaining its overvalued reading. With this, the equity weighting matrix suggest an equity weighting of 47% for my portfolio. I am currently at 50%…
Hello,
From my most recent Xray my portfolio's bond allocation was 25% of my overall allocation. Within bonds I am 71% limited term, 27% moderate term and 2% not classified. I have no extended term bonds according to Xray.
Skeet
Hi @VintageFreak and others,
I think VF is on to something here ... as Jeffrey Saut of Raymond James wrote in one of his recent weekly commetaries sometimes it's best to just sit.
How many of us have been expecting a dip in the markets? I have fo…
Hi @Catch22,
Thanks for asking ... From review of the sector tractor ... Thus far today, as Iwrite, it looks like they all are!
http://www.sectorspdr.com/sectorspdr/tools/sector-tracker
Seems, energy quit howling and finished up for the day.
Hi @Tony,
Good question Tony. Sometimes I write using abbreviations.
The $SPXA200R is the symbol to view the number of stocks within the S&P 500 Index that are above their 200 day moving average which is one of the barometer feeds thus the 20…
Good morning,
Over the weekend I posted a special edition of the Markets & More thread. It is linked below for your reading enjoyment.
http://www.mutualfundobserver.com/discuss/discussion/31671/the-markets-and-more-week-ending-march-3-2017#la…
Hi @MikeM,
Thanks for your question concerning floor and ceiling stops.
The barometer has three feeds. I use a scoring system for each feed that ties into my equity weighting matrix. Once a feed reaches a certain level upward (ceiling) or downwa…
Hi @TSP_Transfer,
Thanks for following my post "The Markets & More." I started this post to keep the board engerized while @Ted was away due to health reasons. Ted has been a long standing contributing member of both Fund Alarm and MFO; and, …
Good morning,
Yesterday the S&P 500 Index closed at another record setting high of 2,295.96 with the U S 10 year yielding 2.458%. The three best performing sectors were financial, energy and materials.
In checking the markets as I write this …
Hi @Old_Joe and others,
I am seeing an unprecedented low reading on my market barometer if I remove the floor on all the feeds with the exception being earnings. The earnings feed is keeping the barometer reading propped up. The barometer reading…
Hi @VintageFreak and others,
I also harvest some of my capital gains along the way each year so they want go to waste during a stock market correction. The amount I take each varries based upon a target income amount I shoot to achieve each year f…
Good morning,
In checking the markets this morning, as I write, Asia-Pacific is mostly up with the exception being Australia and Euorpe is up across the board. In the States stocks look to be up strong and govenment bonds down. Yesterday, the onl…
Good morning,
In checking the markets this morning as I write Asia-Pacific is mixed with China and Japan being up Europe is mostly up with the exception being Germany. In the States stocks look to be down and government bonds flat to up. The thre…
The Markets and More ... Monday February 27, 2017
Good morning @Ted and others.
Thought I'd piggyback Ted's opener (when I can write) since both are much along the same theme.
In checking the markets this morning as I write Asia-Pacific is down a…
Hi @Mark,
I too am thinking a nearterm pullback is brewing. However, reported corporate earnings are improving along with full year forward estimates being raised. I have read of some being in the low $130's for the 500 Index. Should this come t…
Hi @MikeM2,
I am not sure how you have your portfolio allocated now. Do you know?
If not, perhaps you can perform an Instant Xray on it? If so, this will tell you what you have along with how much of it. I use this tool often to check my own as…
Hi @Catch22,
I guess your question comes to me? Perhaps, others to?
For me, in short words.
There are many investment vehicles that can take you to your investment destination. Here are five, by the author, that took him to his.
Take care ... …
Now, back to the newsletter.
I have enjoed Dr. Madell's newsletter for sometime now. I hope you have as well.
In this newsletter Dr. Madell is wanting feedback from his readers. With this, I encourage you to provide information he is requesting …
Good evening,
Today is Tuesday February 21, 2017 around 7:00 PM EST.
Stocks closed at yet another record high today with the S&P 500 Index at 2365 and change. With this, stocks continue to climb the earnings wall. The barometer currently has…
Hi @MaryKay,
Old_Skeet always keeps an ample amount cash for the unexpected including stock market pullbacks. It is a standard part of my asset allocation.
Good evening,
As of Friday's maket close Old_Skeet barometer is back to a reading of 138 whcih is towards the upper part of the scale for overvalue. The only feed that is keeping the barometer from reading overbought is the earnings feed. The num…
Hello,
The below is throuh market close of 2/16/2017.
My three best ... SPECX +8.64% ... NEWFX +7.50% ... & LPEFX +6.89%
My three worst ... FMTNX +0.29% ... GIFAX +0.38% ... & THIFX +0.38%
My portfolio as a whole +3.27%
Hello,
With today's market close Old_Skeets market barometer moved from a reading of 138 to a reading of 139; and, with this remains in the overvalue area on the scale.
Next update ... sometime Friday evening.
Old_Skeet
Hi @DanHardy,
The indicators that drive the barometer readings are inputs that is comprised from the number of stocks above (or below) the 200 moving average in the 500 Index, an earnings input consisting of TTM and forward estimates, along with a …
Hi @DanHardy,
The barometer is not scaled to the 500 Index so I not sure it would provide any meaningful information.
The purpose of the barometer is to take about five (sometimes six) readings and input these readings into a spreadsheet/matrix …
@Ted,
Well, ok. Perhaps, you can fill in for me starting this Friday through next week while I'm traveling. But, don't over do it.
Thanks much,
Old_Skeet
Hi @Shostakovich,
Thanks for stopping by and for the question.
I don't think that there is any one right, or wrong, answer to your question as how to allocate for foreign and emerging markets.
For what it is worth, I run an asset allocation mod…
Hi Bud,
Nice find and thanks for brining it to the board.
I found it to be of great interest and reading (textbook quality).
Now ... Can you find us a crystal ball?
Thanks again,
Old_Skeet
