Ghost of Igloi wrote:
Ben Dover wrote:You should be apologizing to your clients. You've cost them a bundle.
There is no need to apologize for being prudent when others are foolhardy.
Of course you don't realize your foolishness because you have little experience.
Best wishes though.
Only you would think that improving the value of investments is "foolhardy".
The affect of compounding is magnified by limiting your drawdown. You limit your drawdown by reducing your risk in periods of overvaluation.
Simple concept that you missed.
Maybe if you invested more wisely, you wouldn't have to limit the drawdown as much.
A simple concept that you missed.
Sure thanks for the tip junior.
You're welcome. Your clients will thank you, if you have any left.
1,000 more than you.
1,000 more than you Junior.
That's not what I've heard.
More proof of Igy's weak math skills.
More proof of a perky allergen that just won't leave.
I'm not surprised that you didn't understand, Igy.
Ah ya, mutually I'm sure.
Why wouldn't his clients want to buy in to his "Cash is King" approach for the last 2 years. It guarantee's they won't lose money. Granted, they won't make any money either. But, that's beside the point.
Obviously, the skills of a savvy investment advisor.
You're right! Losing buying power is desirable. At least the bottom line hasn't changed. They won't go down with the Titanic because they jumped off early in the voyage.
My sinuses are bothering me I can't think straight.
Still no sign of a slowdown - leading indicators were strong today:
Highlights
Leading indicators are showing a rare string of strength, rising in February for a third month at a very strong 0.6 percent rate. Emerging strength in factory readings have been driving the gain along with continued strength in consumer expectations and low and favorable levels for jobless claims. Stock prices have also been a plus. This report is pointing to accelerating conditions for the nation's economy over the next six months.
And one year returns for bonds continue to show that long term bonds have been the place to be even as rates have risen:
1 year:
Short: +0.60%
Inter: +0.47%
Long: +1.27%
Interesting that inters have done the worst - my guess is that most managers put their normal alllocation of long term bonds into inters, out of conservatism, pushing up prices of inters and wrecking that trade.
On second thought, the deck chairs on my Titanic portfolio need to be rearranged.
Good idea, but I would rearranged my deck chairs but Bob Pisani told me everything is OK.
agip, correct me if I'm wrong, but don't the Fed rate hikes primarily affect short and medium term bonds? Perhaps that explains why the long term ones are behaving differently.
Ghost of Igloi wrote:
Good idea, but I would rearranged my deck chairs but Bob Pisani told me everything is OK.
Why would you listen to that quack? He's just as bad as Hussman, TD, and the rest of your mentors. Start thinking for yourself for a change.