agip,
The article says "mutual funds and various other asset managers."
Domestic mutual funds had large capital gains distributions, to balance I am sure there have been sales. On the institutional side rebalancing from growth to value, developed international to emerging. At least that is what I would do.
I think fund flows and investor sentiment is an indicator of the now and has little predictability value.
Igy
agip,
My wife and I bought our last car fourteen years ago. In 41 years of marriage we have eight cars between the two of us, and two of them we owned before we were married. We are definitely not into the trade every couple of years mode. Also, two of the cars were handed down to our two children. One of which is a 1999 Ford Ranger is still driven by the son.
As for the recent purchase, I was considering buying a late model sports car. After some consideration, the realization hit, if I own the car for another fourteen years I will bumping up on 80. Do it now while you can enjoy it! Besides I enjoy working and it should be an added incentive to keep going.
Igy
Ghost of Igloi wrote:
agip,
The article says "mutual funds and various other asset managers."
Domestic mutual funds had large capital gains distributions, to balance I am sure there have been sales. On the institutional side rebalancing from growth to value, developed international to emerging. At least that is what I would do.
I think fund flows and investor sentiment is an indicator of the now and has little predictability value.
Igy
The word is not value. The word is "non-correlation". There's been coverage in "Pensions & Investments" last quarter about institutional managers entering into agreements (contracts) with Commodity Trading Advisers and Real Estate Advisers. They're doing the same thing I'm doing: Moving investment funds into areas that are not correlated with the market.
I don't know if the CTAs are playing long, short, or market neutral, but if you were short oil, gold, and such (basically what I've been since summer) in the second half of 2008, you would have made a lot of money. Oil totally collapsed and gold dropped 30%.
agip,
You are probably one person that can appreciate this story. I started with Dean Witter in 1996 after my coaching career. You start with zero clients and build your book. At the time I was driving a 1981 VW Diesel pick-up. I recall this story, I went to see a high net worth prospect, parked on the street a tad out of view. Had a successful meeting, and afterwards I could not get the truck started. I tried numerous times to push and jump with the clutch to no avail. I finally embarrassed went to a client's neighhbor to call my wife to rope tow me home.
There is nothing tougher than trying to build a book in this business. It is a good thing I had the mental toughness of a distance runner or maturity of a 46 year old, without it I would never had made it.
Igy
coach d,
I think managed futures is one of the best asset classes for this environment. You definitely see more opportunity for the trend following CTAs.
In the last two market down turns managed futures was one of the best asset classes with Treasuries the other. In a low interest rate environment it is hard to see how Treasuries can provide much alpha.
I agree and am doing the same.
Igy
AAII neutral reading is apparently an all-time high:
https://pbs.twimg.com/media/CXjSaifUoAEFwAD.png:large
And note that the small move in 2015 seems to imply a big move in 2016, but not guaranteed to be a positive one (2008).
Proceed with Caution: High-Yield Bonds Face a Triple Threat
coach d,
The high yield bond issuance over the last seven years is truly staggering. It is not an asset class I would overweight.
Igy
Why you should always ignore the prognosticators:
[quote]coach d wrote:
So I'm going to say 21500, which is about 25% up from 2015 close, which is what the numbers seem to imply.
The numbers "seem to imply". Can you expand upon this?
I don't put any faith in this kind of thing so I'm not guessing at highs or lows
What does that mean?
HI, K5!
[quote]coach d wrote:
So I'm going to say 21500, which is about 25% up from 2015 close, which is what the numbers seem to imply.
The numbers "seem to imply". Can you expand upon this?
I don't put any faith in this kind of thing so I'm not guessing at highs or lows
What does that mean?
K5 detector response; Hi K5.
Query? Is the detector autistic? Some other form of brain abnormality? Or maybe just plain stupid?
What does autism have to do with it?
K5 detector wrote:
What does autism have to do with it?
He (detector) suffers from a common condition called a$$holery.
At least he's not a bigot.
Uncommon Dreams wrote:
At least he's not a bigot.
Right.
And anyone who spends so much time defending the racist colonial settler state's massacre of the indigenous people of Palestine is not a bigot how?
Bigot?
Dummy?
Autistic?
Run of the mill ahole?
All of the above?
Where did he say that?
Hey, K5, why do you keep changing your username? Do you want people to think that there's more than one bigot posting here?
K5 detector wrote:
Hey, K5, why do you keep changing your username? Do you want people to think that there's more than one bigot posting here?
On Tuesday Mohamed Hadid added to his family’s historical narrative, explaining they sheltered a Jewish refugee family from Poland at their home in Safed (today Tzfat in northern Israel) who later “kicked us out of our own home.†“Thats how we became refugees to Syria and we lost our home in Safad to a Jewish family that we sheltered when they were refugees from Poland on the ship that was sailing from country to country and no one would take them… they were our guest for 2 years till they made us refugees and they kicked us out of our own home. That my history.. Strange thing. That I and my family would do it again.â€
Aren't the Israeli Jews who do such things and their defenders the bigots? Those who keep this stuff in the dark?
How am I a bigot by bringing light to this?
Come on. Give it a shot. Try to actually apply some thought for a change.
You're a bigot because you target one religious group. To try to disguise it as opposition to Israeli government tactics, but you slip up when you let your unfounded hatred for non-Israeli Jews show.
