Are we having fun yet? Whether you bought into the negative financial and political media rhetoric that accompanied our forty-fourth President into office or whether you did not, will, in large part determine your answer to this question. “2000 Days of Obama: How have stocks fared?…” (MarketWatch, July 14, 2014), answers this question and more…like…
Tag: Mutual fund investing
Session 84–“The Sell-Off Heard Round The World”
I assume that this bit of hyperbole brought to us last Thursday (1/23/14) by CNBC’s “Fast Money” anchor, Melissa Lee, referred to the .48% drop in the Shanghai Market and the 1.51% fall in Hong Kong of that date. This bled over into Europe and subsequently into our markets. There was piling on Friday with…
Session 75–“Double, double toil and trouble, fire burn and cauldron bubble.”
“Double, double toil and trouble” is an apt descriptor of what the average hedge fund manager has been going through the past couple of years. To be hedged in a roaring bull market is indeed a witches’ curse. According to the Business Insider the average hedge fund was up 6% the first nine months of…
Session 51–Stunning Revelations From Mutual Fund Land!
Since the market began its precipitous decline in 2008 and until January of this year, $418 billion came out of equity mutual funds. According to Lipper Analytics, January of 2013 broke this streak of net redemptions with a $14 billion net inflow. At the same time Lipper reported net new bond fund purchases were $34…
Session 22–“Latecomers Flocking to the Party”…Really, New York Times!
The front-page story of the business section of this Sunday’s (April 7, 2013) New York Times featured our headline quote. This is a story that, on the surface, would make any respectable contrarian cringe, all about average investors piling back in the market at just wrong time. It seems to be a common theme for…