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.
“High-quality bonds are on sale, and Pimco Income fund manager Daniel Ivascyn is loading up on them.”
Could have fooled me. Article is dated March 12. Not sure when the interview was done. Bonds looked better when the 10-Year Treasury was at 4.8…
Nice discussion. Thanks folks. No longer own PRWCX so haven’t listened to the interview. Agree with your high appraisal of the fund and Giroux. Already a legendary investor.
Noting Giroux has lightened up on the Mag 7 …. Perhaps remotely related -…
Thanks for the tip @Crash. I looked at a bottle of the Macallan at Costco after you posted the other day for $85 but didn’t bite. Perhaps another day. Glenfarclas ain’t half bad. Probably not up to your standards. Sells for around $80 in Michigan…
Thanks Yogi. I’ve always found Dalio fascinating - if perhaps a bit “over the top” in his analysis.
From your linked story: ”When asked about the potential consequences of a simmering trade dispute, Dalio described the current state of affairs as …
Larry. I hear you. Why don’t you start a thread titled: “the bloodless revolution in Washington“?
Sure to be popular. This thread is about signs of an impending economic recession. I can’t chew gum and walk at the same time anymore. A thread shoul…
I don’t know what lies ahead. Around here they can’t even get the day-to-day weather forecast correct. If you do know, please move to the front of the class.
- From Dan Ivascyn of Pimco in this week’s Lewis Braham Barron’s interview:
”Ivascyn does…
d
I’ve deleted my investment related suggestions. Like other “investing” threads, this one has gone too far over the cliff to warrant serious investment discussion.
Rekenthaler makes a good case. (I hadn’t time to read it prior to my earlier post.) Close cousins of his speculative investors are the momentum based ones. I hadn’t even realized that was an accepted strategy until I began listening to dozens of…
I think it unwise to base investment decisions on any macro read. It’s hard enough for professionals to get it right. Why should a retail investor so attempt? Here’s an (albeit extreme) example of how an early macro read based on national governan…
@Mona and @hank - Thank you. My ignorance of whiskey is enormous.
HA. Whatever floats your boat. One boring winter here in Michigan I reviewed about 15 different scotch whisky glasses on Amazon. So important to enjoying the beverage. Weight, shape, …
Some of the N/As nowadays are damned good. Better tasting than most “real” beers IMHO. Might explain why I drink so little beer anymore. St Pauli Girl N/A and Becks N/A are hard to tell apart. Both on the sweet side. Clausthaler more tart. All 3 …
S&P joins the Nasdaq in correction territory today - the Nasdaq had entered correction territory last week:
Wall Street tumbles to its first ‘correction’ since 2023 amid Trump’s escalating trade war
Economy Mar 13, 2025
NEW YORK (AP) — Wall St…
On the evening news - Canadian merchants have pulled U.S. alcoholic beverages off the shelves. How does it feel to be near universally hated around the world - except perhaps in Russia?
picked up some Glenfiddich 12-year today. Price hadn’t yet bee…
Me three.
But unable to access the likendin piece. Have to be signed in to something.
Looks like utilities and some commodity like funds held up today. RIO was up which is hardly a forecast of recession. If you don’t report income and want the …
Junk bonds are finally unraveling. Also YTD cash as in SNAXX is handily besting bank loan funds - the stars of the past couple years. Bank loan funds hold below investment grade debt. Cash is also besting the CLO ETFs both the higher rated one…
I think the term “the markets” as applied to the big U.S. stock indexes is misleading. These indexes are still very pricy. But I for one don’t think that is reason to hide out in cash or short term fixed income. Some reading and study may uncover …
THE SCOTCH WHISKY REGULATIONS 2009
”Formal regulation of Scotch Whisky is contained in the Scotch Whisky Regulations 2009 (the “Regulations”). The Regulations set out the regulatory requirements for the production of Scotch whisky. Only whisky pr…
@hank - ? S&C = Scotch& ??? I know you'd never pollute it w/coke.
Sorry @Mark. I had the initials reversed. C&S
Right on about scotch pollution - Anything more than a little ice & water would amount to sacrilege.
Breaks my heart to…
JEQ jumped about 9.5% this morning following an earlier 4% gain. Sold all. Replaced it in the CEF collection with FOF which I’ve been watching.
Have buy orders in for LPXAX & CPLSX. I’d rather increase investment in those less aggressive are…
Just looking at the big indexes (not necessarily representative of the broader market) they really haven’t fallen that much yet …
DJI -2.61% YTD (after today)
S&P 500 -5.26% YTD (after today)
The high flying NASDAQ is off about 10% YTD. The…
gman57s post on this page is telling. Why on earth would Musk risk so much for no gain? The answer may be in all the data he’s able to swipe from those government computers. Unfortunately, once it’s “out the door” there’s no way to put it back in t…
”I found it. You found it. Multiple people have viewed it.”
295 views and rising …. a winner!
Sometimes the posts in OT have more investing value than some over on the investing side.
Latest from Bloomberg 3:00 PM:
President Donald Trump said he was reevaluating plans to double steel and aluminum tariffs on Canada to 50% after Ontario announced it would suspend a 25% surcharge on electricity sent to the US.
"I'm looking at tha…
After about 2 weeks (since February 26) the difference in performance between the etf I sold (GAA, a diversified global fund of funds with 45% equities) and the 7 CEF collection I devised is “Chump-Change”. The CEF collection has been consistently …
good point @gman57
I figured there has to be some reason he’s been willing to damage his TSLA brand with this illegal interference in the levers of government. And so much time away from his business operations. Your referenced article makes sense,…
Point taken @Sven
To show the difference holding some good quality bonds makes … Today TCAF (equity only) lost twice as much (-2.21%) as its sibling PRWCX (-1.11%) which holds some bonds.
”Makes me want to slip across the northern border …. “ - Just don’t tell them where you came from. We are not well liked up there …
Trump would like a quick recession & market decline. Appears he’s pushing all the “right” buttons to induce on…
GLFOX gained .86% today. Sorry now I’d put in a small buy order late in the day thinking I’d probably add to my holdings at a discount.
I haven’t looked at ccor recently. But the VIX apparently has romped ahead in recent days. That + the flight i…
Well, I’ve been buying - albeit mostly foreign. But it shouldn’t have taken the pummeling of the last few days to make the point. It’s all about valuations. David addresses that in this month’s Observer and notes that many foreign markets are more r…
Thanks @Observant1
Agree the thread was investment related as you originally posted it. Nice take by Zweig. Making major portfolio moves based on all the shouting from one side or the other isn’t wise. Don’t vote or express your outrage with your…
Added a bit across-the-board to my 7 CEF collection (in equal amounts). That took cash from 12.5% down to 12.0% Interestingly, utilities and some real estate funds are up today.
Thanks for the ideas guys. If I could find some place to throw some $$ I would. I agree that real assets are a good place to be (inflation hedge) but my largest holding is RAPAX - a more conservative real assets fund. And utilities / infrastructure…
He will pass off the blame, and take our markets down.....while he plays golf and threatens our former allies.
Maybe invest in fertilizer and golf balls? Body armor & fake ID if planning travel abroad?
(Just trying to keep this thread under “…
