Jump to content
Sign in to follow this  

World Stock Markets Trading Discussion - Simmering stodge

Rate this topic

Recommended Posts





All Ords finished -0.4% led down by Miners -1.4% and Materials -1.3%.

Seriously red in parts of Asia: China -0.3%, Hong Kong -1.5%, Japan -2%, India currently -0.4%.


UK/Europe dodging bullets: FTSE and DAX -0.5%, CAC -0.2%.














Share this post

Link to post
Share on other sites

My GLD and SLV positions are getting gobsmacked in pre-market trading. Nobody wants precious metals anymore. If this keeps up for a few more months I may need to got to Apmex and pick up some bars once it bottoms out.

Share this post

Link to post
Share on other sites

Yeah - I'm old enough to remember that commodities can have super-long cycles and gold and silver can go down longer than one can imagine. So we may be there. I didn't sell at the open but I may soon. I'm thinking the Turkish issue is really making the dollar strong right now so I may be better selling in a couple of days after that cools down (hopefully).


Bought some RYN (Lumber) for the dividend at $34.00. The price is down a lot because lumber demand is down with the drop in new home construction. I just like the dividend so I'll probably just hold a bit unless it starts to go down more from here. I don't expect a capital gain out of this just the dividend.


Logged into one of my account and noticed the Fidelity Select Biotechnology Portfolio FBIOX is down 90% in value since Friday. Nice! Looks like they had a 10:1 stock split and Vanguard didn't adjust the # of shares by 10x so it looks like a huge drop in the balance. That was a nice scare but I'm sure they'll update it in a couple of days.

Share this post

Link to post
Share on other sites



I've always thought that total return bond funds have little real reason to exist


After all unlike stocks Bonds are a fairly undifferentiated product.....in that there price tend to move all together.


And so are very amenable assets for index funds

Interest rates are low and just about all bonds are a bad buy.


The only real three way for unconstrained bond funds to outperform is...........


1/  Take on more leverage


2/ Take on more risk


3/ Short


But in a rising interest rate environment these are a recipe (except for item 3) to underperform NOT outperform.


i.e the total return bond fund boom was very much a creature of QE and without its hot monetary air will wither on the vine. 

Share this post

Link to post
Share on other sites
This topic is now closed to further replies.
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

Stock market portfolio giving you the runs? See Dr. Stool.

Take a subscribatory!
The Anals of Stock Proctology now!

The Daily Stool - Stock Market Message Board
Stool's Gold- Gold and Precious Metals Forum
Look Out Below Message Board

Support your local Stool Board.

The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!

Old Stool Depository

The Wall Street Examiner
Subscribe to the Wall Street Examiner
Contact Us

Market Quotes are powered by Investing.com.