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.
Tempted to say that articles like this are examples of panic themselves. That aside, it could certainly get a lot worse. A lot depends on the Fed. I think’s they’re largely playing a bluffing game right now and it’s hard to know how much pain they’…
Added a small amount to assorted (sordid ) holdings. Dribble, dribble, dribble. A little here. A little there. Love a sale, but this thing could go on a lot longer. It’s kinda like rationing out the last remaining drops from a bottle of whisky -…
Thanks. Haven’t yet read my most recent WSJs. At one time crews could erase / turn off the voice recorder. Not sure if it’s still possible. If someone did disable or erase, we can be pretty certain it was a crew member - which is what I suspect.
P…
Some friends of ours in SF got a generous promotion from Toyota to buy a fuel cell vehicle. It included a large credit to buy fuel. I don't remember the exact numbers. But they were pretty darn tickled to buy it in comparison to getting another Priu…
I always thought perhaps the Wright Bros.’s bicycle business somehow related to their understanding of flight. In particular, making turns on a bike involves banking slightly to one side or another.
Well yes and no. The hydrogen was used for buoyancy to keep the ship afloat. Its engines (allowing it to move) burned a petroleum based fuel - likely diesel. It was originally designed to use helium which is much safer than hydrogen for buoyancy.…
Time for another stimulus check !?
No. They just need to reprogram the Open Mouth Committee to sound more upbeat.
Re retail today - This is the initial decent into the “soft landing.”
Amazon’s chart (AMZN) isn’t quite that dramatic. But if you could separate out AWS it might be.
I haven’t heard a really convincing explanation in the media. I’m thinking (1) higher labor costs, (2) higher transportation costs due to energy prices.…
There’s nothing in the news about Ukraine peace talks. Keep dreaming. I still think gloom is the predominate market driver, but with an occasional boom.
Yeah - “Weight and balance“. Actually taxied back to the gate once at O’Hare when they detected that balance was off. Good sized jet. Guess they had to redistribute cargo. Better late than never. :)
Twice. Coming into Tampa probably 20 years ago. The pilot came on later and said there’d been another plane on the runway. We did bank left and climb steeply. However, we were still some distance off the end of the runway. Not as close as in that…
Today’s more like “Boom” than Doom. Could change on a dime… Just saying. :)
I have no idea what’s causing the broad based rally. Interest rates appear to have ticked up. Financials, which have suffered recently, have turned up. I’ve been watching…
Does it really matter?
Either you have a plan or you don’t. “Student body left! Student body right! “ isn’t an investment strategy.
The WSJ yesterday had an article making the case that very little $$ has been yanked out of equities this yea…
Thanks for the question - Difficult to answer unless you want to go to cash or short term investment grade debt, and not likely to provide inflation protection.
I’m not the one to comment on dividend paying stock funds. I do know enough to be ext…
@Crash. Thanks for catching the slip. If Giroux sounded off-beat it’s likely the high number of interviews over a few days causing it. He is generally very articulate. A short interview didn’t allow time to cover much.
Glad you have an investment p…
A somewhat tounge-tied David Giroux. Perhaps knocked off-kilter by a fund down more than 11% in fewer than 5 months. “The fault Dear Brutus“ … lies in Amazon. Giroux doesn’t understand how their retail division can generate a loss. Summing up hi…
My initial gut reaction was they should first castrate the guy, than parade him naked in public and than hang the SOB. I’m not generally in favor of capital punishment but would be willing to make an exception in this case.
A country divided IST…
The OP also gave the day’s losses for the S&P and NASDAQ. Maybe I should have put all 3 in the header.
Wasn’t trying to make any particular point except that losses (ie 500 on the Dow) that might have provoked a post, comment (or mild screa…
Thanks Yogi. Trying to lighten up a bit on DKNG. With moves of up 10% and down 10% on any given day it’s ripe for this kind of trading. I’ve observed it after hours before and it does bounce around quite a bit.
If it doesn’t work no problem. The…
What a couple astute observers have noted is that while the Dow Jones average is a numbers based index, its relevance at any given time is better considered in percentages. That’s true. But I myself don’t view that as a problem. I believe the huma…
I put in some buys around 3 PM & went for a bike ride. What a turn-around in the last hour. Starting to feel like March ‘20. Buy now. Ask questions later. :)
Threw in the towel, yes it was a white towel ! Sold TMSRX. I ran out of bourbon !
That's a cardinal sin of trading, investing, teaching, or ... well, anything! You should always have enough bourbon in your hump to last 3 days, just in case!
If i…
Whoever said “Evict tech.” ??
Yes. Those cumbersome old mechanical adding machines and clanky old typewriters did possess a certain charm I suppose. And just one phone tied to a wall in the house is all anyone ever needed. :)
Hi Derf - Welcome to the “Ex-TMSRX” club.
I just read that same WSJ article. It began by reporting that last Thursday there was a flood of $$ moving into stocks from individual investors on a big dip. Also - that larger institutional investors have…
Are fund firms / brokerages a good buy now? I think they ebb & flow with number of participants and AUM. So are they beginning to bleed yet - or is it still way too early?
FBGRX, Fidelity Blue Chip Growth, has actually outperformed TRP’s Blue Chip fund. Also heavily tech and growth names. Just another alternative for “bottom fishing.”
Thanks for the information
I have in the distant past owned TRBCX. Was a fine fund …
Notice how @Derf “jinxed” the day with his optimistic early morning market report? :)
A one-page story by James Thurber sums it up nicely: “Don’t count your boobies until they are hatched.”
Once upon a sunny morning a man who sat in a breakfa…
Some day it may make sense to buy a little ARKK....... I considered ditching my small (and shrinking) stake in DKNG today and investing proceeds in ARKK instead. Made some sense. Both are down sharply YTD - although I’ve been able to buy and sell…
Watching this market try to get its footing is like watching the town wino attempt to ride a skateboard.
Yes - An utter waste of time unless you’re seriously considering an imminent buy or sell.
Re Mr. Market - Went from green early (when @Derf p…
"My goal is to live long enough to witness the discovery of intelligent life (or what passes for intelligence) elsewhere in the universe."
@hank- Start local: Let's see if we can find some here on earth first. :)
@Old_Joe,
Yes - An unfortunate co…
Way OT -
My goal is to live long enough to witness the discovery of intelligent life (or what passes for intelligence) elsewhere in the universe. I’ve no doubt it exists in abundance. Problem is the vast distances. Any verification we intercept / …
Inflation report at 8:30. Some traders are trying to anticipate how that might affect Fed policy going forward (and therefore stocks).
Currently Dow futures +1%. Gold up 0.50% in pre market. Silver up nearly 1.50%.
Sue Keenan, a late night commentator on Bloomberg TV, compared the drop in crypto to the recent stock market selloff - implying they were somehow related and both expected to behave in similar fashion. That doesn’t make sense to me. Isn’t Bitcoin …
