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Hank is banned from buying MFLDX.
(just kidding!)
This funds performance has been better than expected. Apparently they make use of their ability to short! Imagine.
Homer gazes at his crystal ball (while eating donuts):
Thinking we are due for a "bounce" tomorrow (Tues) as some buyers finally step in. Not sure if that will change the trend (correction in progress). Still too early for gold/gold miners despit…
Reply to @Hogan: Don't make me sick Colonel Klink on you, Hogan!
I think the market direction in the coming months will be a good indicator of whether it was bloated.
Reply to @STB65: Some would say its foolish to focus on the short-term, but I like the idea of sitting in RPHYX (NTF at Fido) while markets correct and China waivers. You already have some long/short allocations. I'd cost average into EM very …
PVFIX probably hedged for tail risk with some "out of the money" SPX puts. Or maybe they had a short on gold, who knows. But the PM is notorious for his focus on preservation of capital.
Reply to @scott: LOL...you make it sound like you went shopping at Big Lots.
I did some nibbling as well - initiated WBLRX and added a sliver to MFLDX.
Not ready for EM, RE or PM yet. USAGX lost over (8%) today alone! Would really need all out …
Whether induced by today's Fed conference or not, would a 10% correction in equities not be a healthy move (longer-term) for the stock market?
The salad days might finally be over for bonds - we knew it couldn't last forever.
"Cash is King" a…
So now we just bail out our banks whenever they screw up, flood them with cash (that they can then hoard instead of lending out) and continue to let them make a mockery of the mortgage/bankruptcy filing system. No oversight, for all intent and pur…
Reply to @Hogan: And now that the Fed's balance sheet has shot up to $3.6 trillion due to QE, what happens next? Government intervention might have helped short-term, but there might be some repercussions longer-term. You would think some of th…
Just for the record, I'm not buying anything right now. My bond funds mostly "failed" to stay positive this month no matter what the duration (DLTNX, MWCRX, PUBDX, ASHDX, etc.) and I will not be a buyer going forward. RPHYX & SUBYX were the be…
Sold some bond funds, and even sold off my VWINX in the last few weeks. I don't like the idea that our artificially inflated markets could potentially lose their Fed backing (or just the market PERCEPTION that they might).
It could get U-G-L-Y i…
Reply to @Joe: I own MASNX (retail version) and I love its low volatility and arb sleeve. But if/when a strong equity correction finally arrives, this vehicle will feel some pain. Its a solid, conservative fund, though with a high ER. Its not a b…
If volatility is your game, then this is the fund for you! Down (60.5%) in 2008, gained it all back the next year. Whew!
This is one of those funds that I always pray I could find the guts to buy right after a major correction.
For me, it depends on whether or not RPHYX holds up whenever we have the next "2008".
I'd gladly pay the extra 25-40 basis points if I can sleep well at night.
I think a lot of us realize its best to try to reduce the noise. And CNBC-type tv is just that.
Suze Orman will blind you with her whitened teeth while she chastises newbies. And Cramer is just a loud nutjob desperate for attention. I want to pun…
Its another next step up risk-wise, but maybe a conservative allocation fund could do? Check out USCCX (fund of funds) that has a small allocation to equities. NTF at Vanguard.
Though its not "higher octane", another cash alternative:
Monthly Total Returns DLSNX
2013
March 0.03
February 0.23
January 0.22
2012
December 0.11
November 0.06
Octob…
PETDX lost about (46%) in 4Q 2008, and then lost another (30%) in 1Q 2009. But otherwise, its been a juggernaut. High risk, high returns. You have to have guts to stay aboard long-term.
As for diversifying to non-correlated assets, this is far…
Reply to @MikeM: Did you know that you can also buy supplements from Dr. John Hussman? He's really into fitness. Dr. H is the portfolio manager that really does it all (just not that well)!
http://www.hussmanfitness.org/
I'm frozen like a deer in headlights myself. Pondering whether miners (GDX) haven't become oversold, and whether that roller-coaster ride is worth jumping on.
Perhaps a small equity market correction would be a healthy event at this point for all…
Pondering: Uranium is well out of favor. URA down at $6/share is back on my watchlist again.
(Thanks, guys, I now added WAFMX to "funds I might own after a pullback").
Society takes time to digest seemingly unfair power moves, like say.....taking away people's corporate pensions. I don't trust the clowns on the hill just like I don't trust these CEOs trying to cut low-level staff while at the same time allowing t…
Denver, CO has some really nice suburbs. Mid-size city nearby, great weather (low humidity combined with lots of sun), skiing, Rocky Mtn National Park, etc. Enough business parks and corporations located here to support the population base (i.e. …
Reply to @Charles: How about "Go AWAY Meredith Whitney". I bet her hero is Abbey Joseph Cohen, another paid schill.
She might have marked an equity market top with her bullish call.