Down goes the Dow

I have but one handle. You are the one who claims there are more than a dozen, so the burden of proof is on you. But your avoidance proves to me that you cannot. Therefore you are a liar.

Solid day as my indiv stocks outperformed market and more than offset my loss due to NASDAQ being positive

Well what do you say now? Who is the one who doesn’t understand closed-ended funds?

And now you’re doubling down on stupid? Unbelievable. EMD deep in the crapper, exactly where it belongs. Was almost below $8.

LOL hey agip, are you in therapy yet? It seems that you have only gotten more confused over the past few months.

Stop tilting at windmills LOL

He mentioned he was going to be away for a bit,

And FWIW, I really appreciated his input on this thread, and others for that matter, and the relative value of it has greatly diminished in his absence, in my opinion.

Seriously? Away for a bad or a good reason?

Well I hope he’s okay, he seemed decent, if confused.

All eight indexes on our world watch list posted losses through September 26, 2022. The top performer is India's BSE SENSEX with a YTD loss of 1.9%. London's FTSE 100 is in second with a loss of 4.92% and Tokyo's Nikkei 225 is in third with a loss of 8.20%. Coming in last is Germany's DAXK with a loss of 25.47% YTD.
https://www.advisorperspectives.com/dshort/updates/2022/09/26/world-markets-update-september-26-2022?utm_source=boomtrain&utm_medium=email&utm_campaign=Dshort+Daily+Digest+2022-09-27+6357&bt_ee=PBuK0ttnS3u5dvjwq54i47Pruf94bd9o1d3qVgoNe7lTG%2Buae7st9Jat%2Fc1fNzdt&bt_ts=1664283287993

LOL btw as I said when you guys asked, my main vehicle has been currencies this year. In case anyone cares for info on what someone who is making money this year is doing, I am now set to pivot away from the USD, selectively. There might be a bit more room to run, but the elevated USD has been wrecking the world—well, that along with lunatic policies like in Japan and England.

This period is 100% about governments and policies, and 0% about business activities. Tons of opportunity here if you know where to look, and lots of easy, low-cost vehicles available.

To the guy who was asking about UST’s, get them now only if you are rich, and want to have some USD spending money in the future, for whatever reason (you live overseas?)—or if you are poor and have no better options. IMO yields will continue to rise for a bit.

Oh, “LOL”

TLT the 20+ Treasury is down 30% YTD, EMD 32%; I am down 7.54%. A sophisticated investor would understand the recent underperformance is about the dollar hitting a 22 year high and not the closed end fund structure.

Note, I avoided trolling you last month when the fund was trading at $9.30 and I was up high single digits. I will reconsider next time.

TLT the 20+ Treasury is down 30% YTD, EMD 32%; I am down 7.54%. A sophisticated investor would understand the recent underperformance is about the dollar hitting a 22 year high and not the closed end fund structure.

Note, I avoided trolling you last month when the fund was trading at $9.74 mid-August and I was up high single digits. I will reconsider next time.

A “sophisticated investor” would recognize that EM debt was going to take a dump, beyond currency effects. Which it has done, and will continue to do, for reasons that should be obvious, including defaults. EMD represents a failure multiplier. Your faith in the fund’s management was naive, especially when they jumped (the sinking) ship and noobs had to be brought in.

But to switch gears, down only 7.54% for an everyman portfolio is great, good for you. I have no general beef with you, only with your rigid adherence to the (continued) failure that is EMD.

“I am now set to pivot away from the USD, selectively. There might be a bit more room to run, but the elevated USD has been wrecking the world….”

8/15/2022 DXY $105.64, EMD $9.74

9/27/2022 DXY $114.10, EMD $8.01

My everyman portfolio is up 13+% YTD, including CEFs EMD and FAX with a 25% weighting. I disagree with your view, and have no beef with you as well.

Ruchir Sharma on EM debt, versus the iLOL view.

ft.com

Emerging markets are in better shape than you think

Ruchir Sharma

Dour commentary misses reform in the largest developing economies since the taper tantrum last sent investors fleeing

Open link

Futures turn south:

https://www.bloomberg.com/news/articles/2022-09-28/apple-iphone-14-sales-not-strong-enough-to-trigger-production-boost

Not much of a big deal about the Apple news.

So, Apple originally forecasts to product 90 million iPhone 14 Pro models earlier this summer, and the same number as a year ago. Then it raises its projection slightly by 6 million units to 96 million. Now it is retracting that projection and saying go with the original number, 90 million units.

Demand still remains stronger for the premium model and at least one iPhone manufacturer said they are shifting production away from the cheaper models to this premium model.

Sounds like a minor shift as the real demand is being discovered, and far from a harbonginer of declining interest.

And Nasdaq futures although down for the moment, are currently well above what would be the previous low for the day.

https://money.usnews.com/investing/news/articles/2022-09-27/apple-drops-iphone-production-increase-plans-as-demand-falters-bloomberg-news#:~:text=Sept.%2027%2C%202022%2C%20at%209%3A39%20p.m.&text=(Reuters)%20%2D%20Apple%20Inc%20is,Bloomberg%20News%20reported%20on%20Tuesday.

He is on other threads.

Just panicking over his investments.

He is a font of "conventiona' wisdom" (aka propagnda) on all topics

Market underwater 1.75 hrs pre opening

I guess at one end of a spectrum somewhere lies "propagnda" and at the other we find "hysterical conspiracy theories" ...