Ok, i took you up on it. Who is francis scott, no francis kee scott? A francis scott key impersonator no doubt. By the way, did you know a son of his, scott key's son, not that other person, was killed by a guy with whose wife key was having an affair? The guy, a US congressman, later became a general during the civil war. See what you can learn on pawn stars. Just last night a guy was trying to sell a bloodstained wooden board from the "hospital" in which the general, sickles, had his leg amputated. What they didn't tell you was sickles got off on the murder charge by using the first temporary insanity defense used in the US.
Now, to the anthem. While we normally sing only the first stanza, it is not the only stanza of our anthem. The question asked in that first stanza is answered within the following stanza. The last stanza does not end with a question. What may be true about the anthem being the sole one on earth to do is it ends on a down note. At least that's what i was taught in school and for some reason that's one item i never forgot.
Money from the national treasure. Who put it in? Certainly not the thang. Yet it doesn't mind taking it out itself. It only minds when the rest of the US removes it. But franklin was correct nevertheless. We no longer have a democracy, not when those with more money than they can use in their lifetimes largely control who runs for office and how the officeholders vote once they get in. That includes corporations, who seem to have more say than do most of the American people. Maybe we've turned into a democracy of corporations rather than a democracy of people.
I've yet to see a yahoo chat board which focuses on the particular stock or fund it's attached to, though i really haven't looked at too many such boards. I do appreciate seeing info on other stocks and funds which might be decent investments. I don't appreciate politics on a stock/fund chat board.
" I need your support"
Are you really that stupid? Why would you want everyone to bail and bring down the share price while you're trying to sell out yourself? Supposedly you would want to sell for the most money you could get for your shares. "As a long..." I tend to doubt that, unless you really are that bereft of mental ability.
"...no distribution since 2010."
So? Get a distribution and it just reduces the value of the shares by that amount, and you'll have to pay tax in a taxable account. You can achieve a distribution for yourself simply by selling some shares. Me, i;m willing to live with a fund that appreciates for as long as it's able without exposure to the tax man because heebner's offset realized gains with prior and/or current realized losses. That's what someone's supposed to do to minimize the tax man's take while the value of your asset appreciates, isn't it?
Ok, thanks for the imput guys, but i really wasn't looking for one. Just conjecturing on how active their message boards have been these days. Challenge, i am surprised at the up on that one. Would've figured anything russian is taking hits these days. Must be because of my russian heritage i see the world through a dour eye.
"... no reaction to our PPS."
You're missing it imo. The small up for home sales, which i believe i saw 2+% and i believe were existing home sales, was not unexpected. The reaction is that small up for us, and, comparing it to yesterday which was a down day as i recall, you might interpret that as the reaction being not only the small up but also the stemming of a possible further down today if home sales were not up. And you might not be wrong.
As an aside, but i guess a meaningful one, i caught something the other day which, if i recall correctly, noted not only existing home sales expected to be up but new home sales expected to be down. I didn't catch the magnitude expected for either so i don't know if today's news met, beat or was below expectations. Probably either 1 or 2 of the 3. To over analyze without the facts, i'm guessing if expectations were only met we wouldn't even be up today, so i'm further guessing the figures beat.
Now next important to us will be those new home sales figures coming. If i was right on looking for the small down, you might want to swing trade out of a bit of your mtg holdings and hope for a slightly negative reaction if that type news does come out. I imagine it'd put a bit of a damper, the opposite effect of today's news, on the sector.
Best to check out the expectations yourself though. I could be wrong in remembering what i thought i caught 8 }. The actual news could beat the expectations anyway, and we rise even more if a negative was predicted and a positive comes in. (Wringing hands, furrowing brow, sweating)What's an investor to do ?
See, there're other things to pay attention to, not just currently proposed possible reg changes.
Nice. No bull. With a relatively quiet stock market and no specific news for the board specific issue that's the way things should be. I wonder what the russia fund, i presume there's such a thing, is doing these days. Now that's a board where politics, especially current day politics, should be be causing quite a stir.
"Shorts will further feel empowered if RDN dilutes its Shareholders"
Thought you might've answered my question so i looked. I will agree with you on that, but not from the perspective i believe you're taking. If rdn dilutes its shareholders it'll be because the regs went through as proposed imo, not simply because rdn diluted. There'd be a reason for the dilution, those regs. Otherwise if it's dilution for rdn specific news i don't agree with you.
That's taking a mighty gamble on the part of the shorts, the regs will go through as proposed. I don't believe they will, but that's my o and that's part of my gamble. In any case, yes, pretty much dead money for some time unless the monthly reports, both mtg's own and the overall economic news which impacts the housing market's near term future, show some significant changes in either direction.
I doubt things will hold basically level if significant changes come out on either front. That's the other part of my gamble, though admittedly i'm looking more to the general economic climate to provide the bulk of the good news for mtg for the time leading up to the regs developments. So if you're thinking only that late this year/early next year regs news will be the only thing that can make the stock move significantly between now and then i think you've got it wrong.
The current season housing news, i'm still looking for middling news that shouldn't drastically affect the pps either way since it's what we've already been getting used to. The cures rate could be significant good news though, and i don't see why it should turn bad. So i figure middling to good there, a win or no lose scenario. Investor boredom with a basically static stock, though i still think volatile over short periods in the foreseeable future, that could lead to bleeding backward. Certainly wouldn't be a novel situation.
"I suspect Radian in a heartbeat will simply do another secondary offering and dilute us when the time comes."
Ok, i'll admit more of my ignorance. How will a radian secondary dilute mtg shareholders?
" You catch that movie?"
Nonsensical as a standalone, isn't it. Sorry about that. I edited out the name of the movie, forgot to paste it back in, among other mistakes i won't bother about. Superman and the molemen.
"At the current rate of unchecked population growth how long can we last?"
We've still got quite a bit of time, Challenge. And if we can't make it to the other planets there's always another level below us to exploit. Burroughs wasn't known just for tarzan. Shades of montreal's underground. You catch that movie? In real life there's montreal's la ville souterraine. Then all those ancient towns with newer ones built on top, in some places a number of levels, town upon town upon town, ... We could build down as well as up and still keep green spaces, though those'll probably go because so many humans are nearly as limited in foresight as are the other animals. Anyway, the limiting factor will probably be food, not space, or maybe air as we continue to both destroy our greenery and pump those hydrocarbons upward. I'd certainly rather hug a tree than a thang.
In answer to your question, i guess we'd be at 23:59 of that day, if not 23:59:59
"I just let a couple of the more regional Matthews funds for Asia decide how much Indian stock is included."
Fair enough Igg, and a good approach. I've done the same with grr for the past about 25 years, but i have been in and out and in of the pure india fund over the past about 3 or 4 years i think it's been. Also was in an indian bank or two over that time. Icici comes to mind there, though i don't remember if i was actually in that one or a competitor, or both.
Caste system and religious differences. Kind of reminds me of another country. The U.S. of A. Though i imagine it is easier to move up here than there, though i imagine even that's getting more difficult the way things are going. We've certainly been regressing toward serfdom, step by step starting the past probably 20 years or so. Serfdom in some countries lasted probably until later than you'd think.
I caught some of the story the other day and immediately thought it was the participants, especially russia which i believe following the blueprint in some pamphlet entitled 'how to win friends and gain influence.' Haven't see any analysis on the move other than what you're reporting, the more say in the imf and world bank decisions, but i'm not abandoning that first immediate thought of mine.
India by the way. For those with a very long term horizon. I'd accumulated some ifn, it's the india fund, from 19 down to i think 17, and swing traded most of it not too long ago in the mid-20's, a bit higher than where it's at now. Still have a bit left. I've been hoping to be able to get back what i sold, plus, and even more, but that'd be around 20-21 and lower, so far no dice on that. I'll keep my patience, for now. India demographics on dictate they'll probably take china's place after china takes the #1 spot, if china ever does.
Where china already is #1, namely population, india's supposed to supercede - i know the argument between supersede and supercede but i'll continue to use the c for the rest of my life - in i think it was something like 30 years or 2030. I know i posted on that here some time ago but it's worth repeating imo. Catch india when it's down. It won't stay there, and you probably won't have to wait 15 or 30 more years. But for the next 5 or 10 you'll have to swing trade it.
There are more just like thang out there. I presume so. Never saw thang use the handle ike.
"All-time high stock valuations – caused by Central banks covertly buying half the world’s equities. All-time low yields, caused by Central banks covertly (and overtly) monetizing every toxic bond imaginable. Housing bubbles galore, caused by Central banks printing money and handing it to Wall Street. Record low market volatility, caused by Central banks not allowing weakness. Record Rolls Royce sales, whilst Wal-Mart sales plunge and social unrest abounds. Record real inflation, plunging real income, and bottomless real unemployment, whilst government propaganda trumpets “recovery.” And last but not least, a raging, irreversible global currency war, with billions of people in utter rebellion against a “reserve currency” they know has been so abused, it has brought the world to its breaking point.
Did you know there are "billions of people in utter rebellion against a "reserve currency"? How many people you know who don't like taking in $$?
God forbid it produced kids.
"i took the losses and chose another fund which turned out great"
Yup, that's my point. I myself sold out of some of fx but i put it in rx, since i wanted to be in real estate and i consider him one of the best for that field, no matter anyone here agrees with that or not. It's done pretty well since though i don't have any idea how the two have compared for that period since fx has also done ok since that switch.
"...first ever posting..."
Under this handle. As Challenge noted, who knows whether or not you've posted the same under other handles, and i'll go with him since he seems to recognize the style. No matter. It doesn't change the fact that your thinking concerning holding to break-even is deficient if you believe you've tied yourself to a mental midget but continue to believe he'll get you to your goal faster than someone you'd consider to be a good, or better, money manager. Your own brain cells certainly need a check-up and undoubtedly a good swift kick. Learn to sell what you believe are losers and replace them with what you believe are winners.
It's already cost you the money, forget thinking paper loss. You have a loss, no matter on paper, unrealized, or actually realized. It's money lost. Now, where's the best place to regain it. Do you consider gains only paper gains just because they're not realized? If so, and if you'd be right, then all Igg's work comparing mutual funds is for naught. All one would have to do is hold until death do you part. Then, even though one fund's given you 1000% "paper" return and another fund's given you a 90% "paper" loss, in your type of reality they'd end up even as your body's stuffed in the ground or your ashes dispersed on top of it. After all, you never sold them. Unrealized and realized count only where taxes are concerned. The idea is otherwise useless.
Advocate, ok, i do like a bit of a gamble here and there and he does give thrills and chills. Today for instance.. The other two, i could then question of you if you're an employee/associate of some cgm competitor. I'm smarter than that so i won't.
Van, you overrate the thang. I see you brought denny out of its lair.
If you think you can do better elsewhere right now then you should go there, right now. Only a mental midget would stubbornly hang around, especially with a target of just breaking even. I.e., what would it take you to break even? Do you think you can get that amount faster somewhere else? If so, why not just do it? Don't be that mental midget or you'll have only yourself to blme
You play this game long enough you re gonna take losses. You may think a paper loss isn't a loss until you sell but that's total bushwa. If you actually can get your target amount faster somewhere else, and then add to those gains with even more gains while fx is left behind getting to that target slower, then all you'll wind up doing by not selling out here and now is leave even more money money on the table, not capturing those additional gains.
If someone else agrees and can explain it better, please do.
Where'd we get hit hard today, the treasury short? I see tbt was down better than 2%. On the flip, uvxy was up just over 19%. No predictions but maybe we're finally gonna get that correction. Season's certainly right for it. I figure when it does come, as long as the general eco atmosphere remains as it has been then maybe we get 7%-8%. A major world event though, like an outbreak of actual war over in europe, that's a story of a different magnitude. If it does happen i think we should draft dennythang and send it over there. Over there, over there, send the word... If they hear dennythang's coming they'll wind up laughing too hard to fight.