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@JD_co - You beat me by 3 minutes! I’ll delete my duplicate thread and will endeavor to work faster! :)
From my deleted thread:
This appears to contradict another posted article documenting flows out of U.S. stocks. The difference may lie in…
Excerpt from the WSJ -
(The quote from Powell is from the press conference following statement release and sounds a bit more concerning / critical of the tariffs (“an exogenous source”) than what’s reflected in the official FOMC statement.)
“Th…
Here ya go …
"Bollocks to the rules! We’re strong – we hunt! If there’s a beast, we’ll hunt it down! We’ll close in and beat and beat and beat!"
Quotation from William Goulding’s fictional Lord of the Flies (1954)
And from Oscar Wilde - ”Lif…
Thanks Yogi. It would be nice to think Trump, Musk and Co have had the effect of shaking out the weaker hands. I think that’s somewhat true nearer term (reflected in the bearish sentiment indicators). But wouldn’t bet the ranch on it longer term…
Thanks Yogi. Interesting. What I can’t tell from the numbers is how far out the time horizon is in these surveys - assuming there is one?
Conceivably, one might be bullish near term (1-3 months out), but bearish longer term (3, 5, 10 years or more)…
"The real question is what happens next."
Yes. If Trump blatantly challenges the courts I can't begin to imagine what consequences might flow from that. And, given the man's obvious contempt for any base of power other than his own, I'd bet that's …
Summary from Bloomberg this evening:
”In the day or so since US Supreme Court Chief Justice John Roberts appeared to scold Trump for his attacks on the judiciary, a flurry of lower court decisions were less subtle in taking the 78-year-old presiden…
Thanks Old Joe. I hope they find intelligent life somewhere out there.
Fascinating details in your excerpt.
A recent explanation of gravity I’ve come across. I’ll use our planet as an example. (A) Like all objects the earth tries to move in a st…
Re: “ Curious why you established positions in both funds. Aren't PYLD and PIMIX very similar funds with the same managers?”
I have a large position in PYLD, and reestablished a larger position in PIMIX recently.
Short term, PIMIX seems to have rega…
Re iodine
Then I’ll take David’s word for it and pass.
I did dump a $20 bottle of Teachers down the drain years ago after 1 sip. Peat or no peat. Like to think it worked as drain cleaner.
“The Fund typically uses derivatives as a substitute for taking a position in the underlying asset and/or as part of a strategy designed to reduce exposure to other risks, such as interest rate or currency risk. The Fund may also use derivatives fo…
@hank,
Just a thought.
If it helps to internalize by writing things down but do not want to post, then you can make a post but not submit. You can save it as a draft until the next day. When the new marks come in you can repeat the process.
…
It's rare that I agree w/FD but several of these points are spot-on.
And it's hard to invest in a fund 'with a look at the future' since often times the only info is there semi-regular holding reports and/or mgmt commentaries, both of which are re…
“no, i stand by my statement there nothing more useless than a single day up\down note on asset classes.
my disdain for politics is their potential negative impact on society. we know there is a very strong longterm correlation to that and local …
“I wasn’t predicting anything. The evidence is still that a mild recession is in the works - may have already begun.”
See also - ”Today does not look like a recession day.”
LOL - Brings to mind Truman’s request for a “one-armed economist.”
nothing more useless than single-day up\down comments. the investing mantra has gone in a few months (for some) from 'turbocharged USA!!'
@a2z - Do as you will. No intent to tell you or anyone how to invest. Oh no! I wasn’t predicting anything. T…
Today does not look like a ”recession” day. Everything I track is green this morning. While it is only a single day, it is very unusual to see so many different areas marching higher together. I really can’t recall that happening before.
- U.S. E…
Sold ASGI and bought UTF in CEF collection. Both utilities. UTF is the more aggressive of the two. C&S now manages over 40% of portfolio (2 OEFs / 2 CEFs).
As an art form this is known as surreal humour . Author Lewis Carroll was among its practitioners.
Wikipedia: ”The humour in surreal comedy arises from a subversion of audience expectations, emphasizing the ridiculousness and unlikeliness of a s…
“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 …
