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.
Reply to @scott: So, I ask the people asking for less regulation in Financials, do less regulation solve these issues? I agree current regulation might not have been all that effective as we want, but is the solution really less regulation or should…
Reply to @Sven: You have asked much more difficult question than network access security that I have addressed above.
I would definitely be OK with non-financial stuff; web browsing, reading, listening music, watching videos, maps, etc.
I would be…
Catch. I do not have iPad or iPhone but looking forward to get an iPhone 4S when my wife's phone contract is up.
Now, there are two ways to connect to internet assets over these devices. Browser and Apps.
Through the web browser would be subject …
They are crying wolf and they are the ones to blame. They brought this onto themselves by being reckless, short term profit oriented.
The cost of bailing out TBTF banks institutions have done more damage and we are struggling with the effects of th…
I think 8 days to find the solution is very unrealistic. They can continue to take steps towards a solution or a set of solutions but these artificial deadlines in a complex subject involving 17 nations is very unrealistic.
After a run-up in treasuries, if you do not sell some you are a pig. Treasuries have positive flows in stressful times and when stress is relieved, there are outflows. This is very normal. I think people are trying to make more to the story. Sometim…
Reply to @catch22:
Hey Catch, I would consider YAFFX as a replacement for FSLVX. I would say YACKX but that is no longer NTF at Fidelity. Nevertheless, both Yacktman funds are very similar.
Alternatively, you can invest in a couple of good balan…
SELLs/BUYs THIS PAST WEEK:
Sold entire postion in CAMAX, FSAVX and DHOAX, with all procedes going to FBNDX. We took it in the teeth with the first two......oh, well; tis how the cookie crumbles sometimes.
It looks like you bought CAMAX close to t…
Reply to @Old_Joe:
Well, I agree, WSJ is equal opportunity corrupter to advance their agenda.
But since it was the Democrat politicians that basically created the Dodd-Frank bill (and it was already diluted enough by Wall Streets lobbying), Democr…
Reply to @Old_Joe: When you search the article title via Google and access the article via Google you can often read the full article w/o membership.
Search for "Big Banks Find No Comfort in Capital Cushion" on Google.
I have no sympathy for the big banks. They should be regulated like a utility so they do not risk the whole systemic collapse.
But our republican congressmen and candidates is already trying to sell us that this regulation is bad in order to court…
Reply to @catch22: This city had problems even in good times. So, it is no wonder. It think it is wrong to generalize this to be a big trend a la Meredith Whitney.
http://www.benzinga.com/markets/bonds/11/10/1981696/meredith-whitney-shouldnt-pop-th…
Reply to @VintageFreak: What's what happens when you rush to post. The court here is European court. According to European Union treaty, if a member country convicts you of criminal activity (now) which was not when the activity took place you can a…
Reply to @AndyJ: It is fair amount of work but can be automated. The bigger issue is getting the data (Roy was buying M* data monthly as far as remember). We can pull data from finance.yahoo.com but one thing is to do it as an individual, other is t…
Reply to @msf: I saw that Wells Fargo is 'testing' the new fee. They are trying to judge how many customers they will lose in these pilot markets. I keep Wells because they have many ATMs around here in Austin, TX. But it is not something I cannot g…
Reply to @scott: $20 is their account fee per their web site. However, my EZ Checking account (which is not offered) was going to get $15 per the letter I was sent. I decided to downgrade to basic checking and work around the fee.
Old 3-alarms were completely based on past data. Yes, it was objective but there is no secret to it and it had questionable predictability of future performance. It was based on 1, 3, 5 year returns as far as I know vs a chosen benchmark for the fun…
Reply to @bee: The expense ratio of MFCFX is NOT 0.75%. That was before expense cap expired early this year (2/1) and now the expense ration is 1.49% per prospectus (expense limit 1.60%). M* for some reason still continues to reflect old expense rat…
I agree. Previously fees were dispersed and hidden from consumers. Now that these fees are explicit and that BoA will not give up on goring on these fees, this should be an opportunity for smaller banks and credit unions. I think competition will ta…
Reply to @VintageFreak: With managed funds you are also assuming market risk to a large degree. R^2 of most managed funds are very high.
Bill Miller was a star and well know manager. It makes a good example for illustration purposes. nKen Heebner w…
Reply to @Maurice: I just filled my tank in Walmart gas station for $3.12 after 10c discount (when you use Walmart card, free to fill in the store). This is Walmart Cedar Park, TX (near Austin) store which is on my way to work.
Reply to @MJG:
I am sorry MJG. We are on different frequencies. You still equate Keynesian intervention as socialism. I do not see it that way. The stuff you have described in your second post is really more about Socialism. There are similarities…
Reply to @Maurice:
"I cannot imagine how you could include another company's revenue as your own in Net Revenue. "
By "Net" Revenue you probably mean Profits (bottom line) which is different than Revenue (top line). Revenue customarily includes …
Good write-up. Now that you put the story in a framework that is favorable for your preference there should not be anything against it. Right? Well, I will try to present at least some opposition even though I am not a good writer as you.
First it …
Reply to @rono: Ron, you are taking selective information to make your case and discarding the info that does not support your argument. You mentioned rents in CPI. Well, if they actually used housing data perhaps the CPI would actually go down furt…
Reply to @scott: At the point of capitulation they will sell and then the market will bounce. They will continue to stay out. Market will move 50-80% from the bottom. Along the way they will trickle back in and greed will reassert itself. It is huma…
The reaction to Fed is confusing, in particular for stock market...
Fed just announced that it will sell short term bonds and will buy long term bonds. It is balance sheet neutral. It will affect the long side of the yield curve making long term b…
Reply to @scott:
This could very likely be entirely wrong, but I tend to wonder if the Republicans drafting a letter to tell Bernanke not to do QE3 is because he absolutely is going to do QE3 and they want to get out ahead of that with their respon…
Reply to @catch22: I totally agree. Corporations should get out of the business of picking funds and the 401k, 403 type of account should be liberated.
I am actually pissed of various different type of account for different purposes. We do have IRA…
Reply to @johnN: I'm sorry. Farrell is too much for me. I stopped reading his articles... He should probably start writing for http://www.infowars.com along with Alex Jones.
Reply to @scott: Yes, I believe EM stocks are a better deal at this time in terms of valuations. I've been accumulating EM stocks gradually in the past month. For those that are more cautious than me, dividend oriented EM equity funds like you menti…
