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.
It’s very interesting that nothing was said about Summers’ absence. Possibly he’s traveling outside the country or on a vacation. But very puzzling indeed. More likely he’ll join Carlson & Lemon as recent TV cast-offs. I can’t imagine having…
FWIW saying I reloaded the liquor cabinet and went long on popcorn futures the other day. So I'm ready for whatever may come from these lunatics across the river from me.
That’s a lot to digest.
+~9.6% and +~8.11% as of a minute ago ...
Thanks much. Even I can grasp that. Simply stated. Guess I’m getting a bit unnerved by all the extraneous noise. Added a tad to cash today.
Let’s just fund the IRS! Joe Doe, working for an hourly wage, ain’t the problem. His pay is public record and taxes are withheld automatically by his employer. Let’s be sure those with harder to track income sources (who are in a better position…
Speaking of “failing dumpsterfire”
I was going to suggest she’ll make a handy target for scorn & ridicule when a certain political figure fails to get his way. But thought better of it. :) Yet, one wonders how many different ways he’ll intent…
Thanks @Yogi. Looks like you pre-set the start date for 9/22/22. If I’m reading the chart correctly, as of today all 3 major indexes are up about 10% from that low. Umm … feels like more. Extremely left brained. Charts & maps drive me up a…
JPMorgan Chase & Co. (JPM)’s Jamie Dimon took a jab at Donald Trump for encouraging Republican lawmakers to dig in over raising the debt limit even if it means default — an outcome his bank is prepping for by convening a weekly war room. “It’s o…
Bloomberg’s in “worry mode” today. It varies day to day along with the weather.
Hitting little white balls would be infinitely more productive and interesting than watching red / green squiggles on a stock chart. But so would be fishing, mowing …
Tend to agree with Shipwreck. I’ve long kept a minuscule position in SPDN as part of a hedge position (SPDN = around 2% of portfolio). Doesn’t amount to a hill of beans, but tempers downside on some days and allows for taking more risk in other area…
I’m not sure “guilty” is the correct term here. As the linked article explains, this is a civil case - and the jury has found him “liable.” Trump won’t have to register as a sex offender in NY State. Yet, I suspect a background check would exclu…
I have it in my Schwab account and there are times when I want to move distributions from other funds into VWINX, but the $75.00 fee discourages that if the amount is not significant. That is the reason to look for another fund that is no-load.
+1 …
I probably wouldn’t replace it. All investments go through periods of overperformance and underperformance. The two alternatives you mention certainly have stellar records. INPFX gained over 38% during the 3 years from 2019 thru 2021. The likelihood…
Worth reading: https://nerdwallet.com/article/finance/debt-ceiling
I wonder if McCarthy recognizes how stupid this sounds or does he think that using the words “Communist” and “Chinese” will ensure support among the benighted uber-nationalist base:…
Agree with all. What struck me in looking at the chart is that Berkshire is in the 6th spot behind Apple and a few others. It has been even nearer the top over the past decade. Since about half of Berkshire’s equity position is invested in Apple, I…
Rummaging through old posts uncovered this from last November … Never out of date.
“Have you noticed how easy it is to tell yourself that you would be comfortable with a 10% drop in the value of your portfolio until you are seeing it losing $50,0…
Due diligence here suggests that I should post the entirety of my earlier comment from which @Old_Joe has excerpted and to which he has taken exception.
“PACW + 85% today to $5.85
Believe a lot of money has both been made and lost on this one. M…
PACW + 85% today to $5.85
Believe a lot of money has both been made and lost on this one. Makes one wonder what really moves these (regional banking) markets. And who has access to what information. Simply attributable to Charles Mackay’s “The Ma…
@LewisBraham, @David_Snowball -- appreciate your input. +1
ISTM the rather extensive “alternative” category of funds (including but not limited to L.S.) constitutes a bit of a twilight zone - so varied are the approaches and expected outcomes. Loo…
Welcome aboard @LinoWillingham … And thanks for commenting.
Yup. I doubt many could have seen the lasting changes brought on or hastened by the pandemic. Technology is one area you mentioned. And medical as you note. I’m also struck by the shift…
”I read earlier that both fed and state regulators are starting to look into possible market manipulation and/or short attacks on the regionals by various parties.”
Yes, @msf referenced / linked a story in that regard earlier today in the PacWest B…
As of today, the Dow has turned negative for the year, off YTD -.06% at 33,128
The S&P 500 & NASDAQ are still well ahead (+5,77% and +14.33% YTD respectively).
But the Russell 2,000 small cap index is down for the year: -2.41%
Numbers …
It’s on the rebound. Bottomed around $2.50 / Currently $3.94.
(I owned it for about 3-4 hours today.) :)
I agree this is crazy. Thundering herd for sure. Hopefully, they’ll find a buyer - soon.
I’m looking for the Fed’s OMC (Open Mouth Committee) to kick into gear by week’s end - possibly today. Unfortunately for FRC, it fell over the cliff during the blackout period.
Also - Thanks @Catch for the linked chart of today’s regional bank de…
Jeff Rosenberg from Blackrock was featured on Bloomberg in the post news conference coverage today. Excellent insights into bonds / inverted yield curve, The 10-year treasury has fallen to about 3,4% today after getting above 4% only a couple m…
Crude oil recovered a bit up to the mid $80.00 range after @LewisBraham ’s post in March. But, it’s been plummeting again this week. Today NYMEX is at $68.70 - down another 3%. (Brent’s still above $70.) Might be precursor to recession. Don’t k…
Now that I understand it all better, we will be fine. No need to worry. Just go out and have fun which we’ve started. Y’all have a great day
“But at my back I always hear
Time’s wingèd chariot hurrying near;
And yonder all before us lie
Deserts o…
From Morningstar LCORX
Adjusted ER: 1.16% *
Total ER 1.38%
According to M*, the adjusted ER ”excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consis…
Nice chart @Yogibearbull. Yes, KRE bottomed (fell out of bed) in March 2020 along with just about everything else. What I find worth watching for now is whether this trend downward accelerates and, if so, whether it has some spillover effect on …
