Jump to content

World Stock Markets Trading Discussion - Simmering stodge


Recommended Posts

  • Replies 28
  • Created
  • Last Reply

big.chart?nosettings=1&symb=AU%3AXAO&uf=

http://bigcharts.mar...com/default.asp

 

 

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%.

 

 

 

big.chart?nosettings=1&symb=UK%3AUKX&uf=

 

 

 

big.chart?nosettings=1&symb=DX%3ADAX&uf=

 

 

big.chart?nosettings=1&symb=FR%3APX1&uf=

 

http://bigcharts.mar...com/default.asp

Link to comment
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.

Link to comment
Share on other sites

THE GREAT BOND OXYMORON

 

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. 

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...