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.
I grew up watching W$W, my parents watched it every Friday night on PBS. The grey haired Louis Rukeyser still looks like George Washington. :)
That grey-haired character above is actually a fake Lou in an SNL video. A spoof of WSW. One of our …
Correction - I had looked at copper prices in the minutes after the Fed news conference and had assumed the steep drop in price (near just 20% today) was a result of the rate call. Posted that above. Actually, as I learned later, it had more to d…
Wonder if he was related to Bill Bonds?
One criticism of the show was that it gave certain “recommended” stocks a temporary boost in value, with the stocks falling-off weeks later. So the naive who bought immediately after the show got burned. It …
Thanks! Always a “must watch.” For a year or two (mid-90s) it was broadcast about an hour apart by 2 different PBS stations. I usually watched it twice. I imagine you could learn just as much today about investing from these old shows as when the…
”Nothing else matters past the best talking point and the timing of the formulation of the memory. “.
Of talking points I am sick of them. From every direction. Robotic regurgitation of what somebody trained them to say and how to say it. Give me…
Here’s an article that appeared on Bloomberg last week. I wasn’t able to obtain a clean link to it until Yahoo republished it.
Yahoo Finance - “Return of Meme Stock Mania Has Traders on Alert for Market Froth”
Related - I spent a lot of time tod…
Japan builds damn good cars from personal experience. Consumers should have ability to purchase what fits their needs. Few U.S. branded sedans even exist anymore. Competition from Japan is what forced U.S. automakers to clean up their act followi…
I just remind myself that I am probably too unimportant compared to many, many people to be noticed just by chance. Some like me will be unlucky and come to notice but the probablility is that it won't be me. (I still worry and wish there was zero c…
Link to 60s classic “Up Up and Away” - by The 5th Dimension for the musically inclined.
Gosh - 2022 feels so far away. It isn’t. Most of us have vivid memories of the near daily pounding - in both equities and bonds. I think there are pockets of …
”@hank,that $41.32 share price is just about the price for a case of Heineken beer. Maybe this is how I should fund my beer account ... with shares of HEINY!”
Thanks @bee for posting Part II. Maybe drink a couple Heinekens before viewing? :)
HEIN…
Big brother is no longer coming.... it's here. ADD: we volunteer our information. How many use facial recognition software on their phones to unlock accounts rather than using passwords. Raises my hand... Guilty as charged.
It’s all there isn’…
If interested in buying Mr. Russo’s #1 stock pick from July 18, Heineken, you can get it for 9% off today. At last look, HEINY Down $4.25 (-9.32%) to $41.32
Gosh, how did that happen?
Thanks for the material @Observant1 / Nice to know I wasn’t hallucinating about the potentials for tremendous invasion of privacy. I have long been aware that cities like NYC have camera surveillance - and I think for good public safety reasons. …
The entire scene is terrifying. ICE agents dressed in plain cloths, jumping out of unmarked cars, and their faces covered, grabbing people off the streets. Add Marines patrolling some city streets. Makes me sick.
My point above is (1) The masks…
There are a lot of important issues involved in the proposed legislation. But on a broader front, it ties in with the growing use of facial recognition software. Brave new world.
Story #1 ”Imagine you’re walking down the street and a stranger sn…
Agree with @Mark.
Are Actively Managed Mutual Funds Still Worth the Cost in 2025?
That’s a subject of debate. So many ingredients go into that decision, including a fund’s strategy, your own age, your expected holding period and benefits tha…
Thanks @Observant1 for the post. I thought the point on the VIX noteworthy.
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Opening lines from Bill Fleckenstein’s commentary tonight:
”The tractor beam was at work towing stocks higher once again, with the Nasdaq up almost 0.5% and the S&P …
@hank @Old_Joe Thanks for your replies. FWIW One suggestion, When one has a problem with electric appliances, pull the plug & give it (30) seconds to reboot or reset.
Agree @Derf. That’s the first thing I tried.
First of all, who cares?
That’s what I thought. But nothing is above politics. What shall the press label this one?
Tranquility-gate?
Mellogate?
Downergate?
Erasergate?
Chill-out-gate?
@Derf
- Wish I knew how to reset the gas-leak sensor. I didn’t even know it existed. Don’t think it’s a simple matter. But if I use paint or varnish around it again, I’ll cut the circuit breaker first and not power it back on until the odor diss…
+1 Had me mystified. The water heater is less than 10 years old. It’s in a room where I have a small plywood workbench I decided to refinish along with all the other stuff. Found the manual online (off brand) after it went out but never ran across…
@hank- As you have personally noted with respect to your occasional structural improvements, inflation and sometime scarcity of required materials or qualified tradespeople have seriously increased construction costs. The Fed renovation is subject t…
Haven’t done it yet, but considering creating a 2nd “basket portfolio” at Fido using Stack’s 7 recommended ETFs + the 43% he’s got now in cash or T-Bills. I’ve assembled a tracking portfolio and plan to watch it a couple weeks. Not sure what curre…
@Crash
You seem to be very fond of T. Rowe Price.
Not that there is anything wrong with that...
That’s normal. When I moved on to a Fidelity brokerage account (around 2020) I maintained large holds in 3 or 4 TRP funds. Over time I learned ”There is …
Barron's published and article tonight "GM and Ford Get a Raw Deal in Trump’s Trade Pact With Japan" (pay wall sorry, I dropped my subscription).
story here
Thanks for the correction @Junkster.
Thanks @FD1000 for your civil comment and the chart. Personally, I think we all tend to over-emphasize the role of one Administration / President or another in analyzing these market milestones. Domestic and gl…
Maybe AI likes Krispy Kreme … ? (article by Billy Duberstein)
Time to get back to reading Lewis Carroll’s ”Alice in Wonderland”. Makes more sense than today’s markets.
Re DODBX
Morningstar is showing:
47.01% U.S. equities / long only
17.26 Non-U.S. equities after factoring in a 0.15% short position
32.35% Fixed income
2.44% Cash
1% (+/-) Not classified
M*’s listed PE on the equities is 14.36 which is in the s…
Oddly, D&C reportedly just added a skootch of international stocks to DODBX to help stabilize returns. Looks like a "skootch" is 15-20%. M* did something on the changes at DODBX a while ago, IIRC.
+1 We all could use more ”stability” at this …
Mortgage rates will likely rise unless the Fed / Treasury impose some kind of yield curve control. I noted this possibility in my OT.I’ve read that some in high places are considering doing so. It would be a temporary “Band-Aid” - not likely to wor…
