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.
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Charles
Thank you sma3! We are spending this summer in northwest again. I have no quiet place I can be before noon eastern (9 am here). Library opens at 9am! I've set up a session for Friday, 2 pm eastern ... posted on board. But, if that does not work, just call me at 805 468 9599 ... if I can pick up I will. Hopefully, can pick a day where you can attended from noon on. Very happy to do! c
Yes sir. Josh is a jewel.
You know my number one rule for market corrections: ABC – always be cool.I like that one! Kind of like Investor's "Stay Calm, Invest On" moniker.
Do your best to ignore the most hyperbolic commentary this weekend. The “Mini…
Thanks, Josh does a nice job, as always.
Makes me wonder how our nation might differ
if more smart folks like Jeff Gundlach
would help offer solutions to the challenges we face
instead of just pointing them out.
You know, be more like Scott!
Latest database evaluates 7734 funds across 95 categories (no new categories this quarter): oldest share class only, 1 yr and older, excludes money market, bear market, specialized trading, volatility, and specialized commodity funds.
Results ident…
Ha! What shocks me is fear that you could be right.
That is of course what makes it all interesting.
Sounds like you are using very long term history.
As long as you are not discounting the bull runs, like '80-90s, I'll say fair enough.
Fair war…
I believe that another 40% correction would bring us back to market level as of November 1999. That's the predicted fair value mark based on your correlation?
It would not be correcting then for perceived excesses of Mr. Bernanke, but for excesses …
Man, 40% over fair value? For the S&P 500 TR?
Not sure what historical time frame you are picking. Maybe the '60-70s? The lost decade of the '00s?
Another 40% downward correction would certainly be brutal for those of us remaining long.
You're telling me.
Only a couple stock holdings were positive Friday...HCP, JBSS.
Even the currently defensive WBMIX was off, if just fractionally.
Let us hope earnings next week help stabilize market...at least those of us remaining long.
Aloca beat yesterday and confirmed prospect of tightening aluminum supply and rising material prices. (I missed actual call, which I always enjoy with CEO Klaus Kleinfeld, due to travel.) It ended day up nearly 4%. So, surpassed expectations, which …
I'm a fan and heavy WBMIX.
They've been more defensive this year, after healthy run-up in US equity market, especially after whatsapp acquisition by FB, which Mr. Redleaf took as a signal that things were starting to get out of hand. Honestly, I th…
I might respond.
Most target date funds under-perform versus a simple balanced fund, like VBINX.
Yet, folks are being mandated to use them in their 401Ks by default.
Plugging "all ass" =) into Multi-Search, I find:
And for "real ass" I get:
Although I know PAAIX has fallen from grace on the board, I think it offers a lot of what you are asking for, except maybe pure precious metals. Here was review la…
0.2-0.3% loss?
With SP500 off 1.3? Tech off 2.6%?
That would indeed take a lot of diversification, as aggregate bonds were only up 0.2-0.3%.
I did see that GLD (for a change) and some EMs were up also.
My only positives for day were WBMIX, SIGIX…
Ha! How fun is this?
Well, I took it, but honestly, hard for me to be objective, since the questions kind of tipped the answer, no?
Like a pitcher tipping his pitches!
In any case, believe there is some truth to the grit factor.
Thanks MJG.
Like to think this pull-back of the high fliers is healthy for overall market. Certainly hope collateral damage is minimal. Need blue chips to report some solid earnings in weeks ahead.
Not sure P/E is a good valuation parameter for REITs. Might be better served to eval REIT prices based on dividend.
Hey, remember when P/E of 10 was considered value?
OMG. What a clip! You are right, looked like somebody was gonna throw a punch.
Think IEX won this round. And, I hate when CEOs don't know their own business.
Schnitzer reported pretty strong earnings this morning, although granted expectations were low. Construction up in west. Infrastructure demand in South Korea, other EMs, helped offset some China weakness. They expect more folks to be turning in old …
You mean Pointless Pronouncement (ala one of David Salem's pet peeves)?
You could be right. Al least, self-evident to most of us on the MFO board.
That said, I thought it had a couple good remainders, like:
However, they [fund managers] cannot mov…
Me too Hank.
Hey, how about this...most actively managed funds charge too much versus say VWELX or DODBX.
But, they charge what they think they can get away with...from their shareholders and boards.
Is it that simple?
Now, I do believe the indu…
The Street's take on upcoming SCHN earnings call:
Schnitzer Steel Industries
Another earnings short-squeeze prospect is recycled ferrous metal products manufacturer and export player Schnitzer Steel Industries (SCHN_), which is set to release numbe…
...was it only that report that they didn't publish? If so, then that's a real issue.
Scott, it was so weird. It was indeed the only quarter not published. They resumed again in September, never mentioning what went wrong or what was learned or how …
