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- Rande
- SteveT
- Slick
- Rande
- Rande
- Jaybird248
- KLR
- Rande
- Rande
- SteveT
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» Rande - Jack,
Jack,That's probably a good thing. Some just aren't suited to follow it too closely -- the ups and downs drive 'em nuts. Why not set your portfolio up with a diversified asset allocation and FORGET ABOUT IT -- enjoy the other things in life. Check in with the market once a year or so to see how you're doing. You'll probably be wealthier for it twenty years or so from now.
-- posted by Rande
» SteveT - Rande good stuff from "Investment Update"
I think it would be good to hear more balanced reasonable items like that. Or people could just come here and take your advice. Thanks for digging up yet another gem.The thing I liked about this piece it was easy to understand and made sense to me. Especially the part about the rubber band stretching and the reverberations lasting for awhile. Still many good values that will pay off, just a question of when. A good case for diversity, patience, and DCA.
-- posted by SteveT
» Slick - Here's The Novak Piece...
http://www.suntimes.com/output/novak/nov...Everyone's favorite conservative, actually has some ( for me )interesting perspectives of the Fed.
Slick
-- posted by Slick
» Rande - Steve,
Steve,Thanks for posting the link to the Novak piece. Must admit, I'm a bit bewildered by the logic. If politics are the motivation, wouldn't the Demo-leaning Fed govs want to keep the good times rolling for a few more months (even if it meant inflation down the line) so as not to upset the November elections? Doesn't make sense to me. But, the following does make sense and is on-point with our discussion about "changing realites":
Greenspan, no troglodyte banker, is an agile economist with a shifting viewpoint. He has been considered a believer in the "new paradigm," which does not equate economic growth with certain inflation, but most of his colleagues disagree.
-- posted by Rande
» Rande - 5/22/00 commentary from Battapaglia (excerpt and link):
5/22/00 commentary from Battapaglia (excerpt and link):The real questions now are whether the Federal Reserve forces a recession by excessively raising short term interest rates or whether inflation begins to accelerate meaningfully from here. I do not believe the Federal Reserve is attempting to force the economy into a recession ahead of an election to control an inflation menace without considerable evidence of one existing. Against this backdrop, the consumer and producer price index data continue to show no troublesome signs of resurgent inflation. At present, the year-over-year core CPI and PPI have risen just 2.2% and 1.3% respectively. Both readings are in line with levels seen between 1992 and 1997. They are up slightly from the 1998 – 1999 period when the emerging market crisis threatened global recession and deflation, but this should come as little surprise considering the recovery that has since followed.
Therefore, I remain optimistic that the bull market in U.S. equities will resume as the year progresses making achieving higher highs by year-end. My year-end targets remain 12,500 on the Dow Jones Industrial Average, 1,625 on the S&P 500 and 5,500 on the NASDAQ composite.
-- posted by Rande
» Jaybird248 - 70% increase
Joe Da Bull's NASDAQ target of 5500 year end would be a 70% increase from current depressed levels.To paraphrase the song:
Nice work if you can get it! And you can get it if you try.
-- posted by Jaybird248
» KLR - VIPERS
Rande, I have approximately 22,000 shares of Vanguard Index Growth Fund in various accounts, both taxable and IRAs. I bought these through Schwab for ease even though a commission was paid. As you know, this is one of the funds for which VIPERs will be created and apparently I will have a one-time opportunity to convert the fund shares to VIPERs which I assume would be a tax-free exchange. I am inclined to exchange which would provide intra-day trading rather than market close only plus some small reduction in commissions. I am assuming that any dividends/distributions will be identical for the fund shares and the VIPERs. Can you seen any reason why it would not benefit me to exchange fund shares for VIPERs?-- posted by KLR
» Rande - KLR,
KLR,I'm not sure how you can get a tax-free exchange. Are they offering an in-kind transfer? The go-forward advantage with the Vipers would be lower expenses. Also, the potential for unleashed capital gains due to mass share redemptions (not something I would lose a lot of sleep over) would be a potential disadvantage associated with the mutual fund that the Vipers would not have.
-- posted by Rande
» Rande - Looks like the Nas is behaving well after hitting some significa
Looks like the Nas is behaving well after hitting some significant intra-day levels. Those who were so inclined were able to pick up some QQQ as low as 75.5625 at one point. Got a few myself at 77 and 76. See how she closes. Meanwhile, looks like oil is finally moving in the right direction for a change:-- posted by Rande
» SteveT - VIPERs
This is sounding better the more I find out about it. Real time trading through out the day is a big advantage. I assume one could place limit orders, short, and buy options etc. Limit orders would be good for those that use VIPERs in IRAs and work during the time the market is open. Just place an order and forget about it.-- posted by SteveT
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