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 feel confident in saying that car payments might be the #1 wealth killer for middle class americans. and I made that declaration 7-8 years ago!
A very close friend of our family back when I was still in high school (60s) held a pretty good job…
Thanks @rforno for the heads-up. The transcript surfaced for me, but not the audio. However, I used my Audible account to listen to the podcast (free).
What a gifted / smooth speaker Page is! I think he could sell ice to the proverbial Eskimo. …
From @msf - “It's a pleasure reading so many knowledgeable comments on how these statistics and statistics in general work.”
Ditto.
My initial post was largely “tongue-in-cheek”. The idea that investors would welcome “cooked numbers” is facetiou…
”Do you really believe that the advisors of many mutual funds who need to decide what securities their mutual funds should buy or sell don't take a real hard look at those numbers?”
I like to think my money managers look at everything. But those i…
I’m trying to figure out how to invest based on this new development. If the new Commissioner of Labour Statistics is able to “cook” the numbers to be better than they now appear, won’t investor confidence rebound and stocks stage a big comebac…
I should add here that Trump says the ballroom will be paid for by donations from “patriots” - whatever that means. But it seems you and me are footing the bill for the bathroom upgrade.
“Another good week for the country.”
Yeah - For sure ….. Off various news wires today …
- The Corporation for Public Broadcasting just announced it is shutting down.
- U.S. just notched its worst 3 months for job growth since the pandemic.
…
Thanks @Old_Joe - The link to the WAP article did work. Circuitous route. Required first accessing the link you provided and then having them email a special one-time link to the “gifted” article to me. Hope works for others. I might enjoy the …
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…
