CRRNCYSHR SW FR TR (FXF)

All Comments on FXF

  • commenter
    Atilla the
    Hun
    Oct 13 09:46 AM
    Return of Weimar Monetary Policies? [view article]
    For the US to follow the Weimar Republic's fate, we would need a silver tongued orator who can fool the masses with empty rhetoric of hope and change, and whom millions of Germans adore. We don't know anyone like that, do we? Reply
  • commenter
    george
    gorski
    Oct 13 09:22 AM
    All Eyes on the U.S. Dollar [view article]
    Perhaps the US Fed should be buying up Aussi, CND and any other currencies that can be backed up with hard assets before the US dollar drops to very low levels. Reply
  • commenter
    phat cat
    Oct 13 06:20 AM
    Jeremy Grantham: Stocks Still Aren't Cheap [view article]
    There's a serious flaw in the school of investing. Asset allocation. Asset allocation based on past performance and correlations are bound to prove irrelevant, "black swan" events will make any predictory investment theory laughable. We simply don't have enough data or sample size to intelligently decide which asset class to invest in and how they will perform.

    I believe there should be only 2 assets in a portfolio: cash and risky investments. Risky investments include equity, HY, options, commodities, currencies, etc. When we decide how to invest, we should always be mindful that the risk for all these risk assets are equal(if it hasn't proved equally risky yet, it will) and we should be ready to write all of them off.

    So are stocks cheap now? Who knows! If you can risk the portion of your asset allocation, take a punt! If not, keep them either in overnight deposit or short dated T-bills.     Reply
  • commenter
    Aly-Khan
    Satchu
    Oct 13 06:16 AM
    My Website
    All Eyes on the U.S. Dollar [view article]
    Good Grief.

    Very bright eyed and bushy tailed? I have tended to find that Patriotism whilst a laudable emotion, is entirely useless when it comes to investing.

    The $ rally has ended this morning as the United States deploys the Zimbabwe monetary strategy which is to print notes and hyperinflate.

    The US Government has had to intervene because the Global Free markets are not prepared to pony up any more risk capital for those who have so patently diplayed an ability to lose it.

    The response is correct but lets not kid ourselves that it is the best response in a truly abject position.Transferring as yet unquantifiable losses from a defunct Banking Sector to the Taxpayer is not an act of muscularity, I am afraid. Its a last resort.

    Aly-Khan Satchu
    rich.co.ke     Reply
  • commenter
    Alan von
    Altendorf
    Oct 13 03:37 AM
    My Website
    All Eyes on the U.S. Dollar [view article]
    "Investors can rationally expect that the American government will not let its banking system dissolve and that it has the power to accomplish that task."

    Interesting thesis. What 'banking system' are we talking about? Opaque OTC shadow banking? Bundled MBS priced by Monte Carlo quant risk?     Reply
  • commenter
    Stone Fox
    Capital
    Oct 13 01:16 AM
    My Website
    Jeremy Grantham: Stocks Still Aren't Cheap [view article]
    Stocks are cheap by any historical measure especially the earnings yield which is much more accurate then a random PE. PE doesn't compare other asset classes. Doesn't mean that they won't get cheaper just means anybody buying at these levels gets a long term value. Reply
  • commenter
    carey_jim
    Oct 13 01:01 AM
    Jeremy Grantham: Stocks Still Aren't Cheap [view article]
    For what it's worth, life itself is a gamble and therefore it's no surprise that the stock market, which reflects life, if a gamble also.

    I know that is a cliche but it is true nevertheless. (That rock is always falling from the sky and someone gets hit squarely on the head every day.)

    But to get to a point that has been consistently ignored in this discussion:

    Recessions/Depressions feed on themselves and stock prices reflect earnings which don't exactly rise with a falling tide.

    When stocks go down, total buying power goes down which fuels the recession which causes stocks to go down, which fuels the recession ....

    I know this is all obvious but I think in times like this it pays to look at the obvious too.

     Reply
  • commenter
    gbadger
    Oct 12 09:01 PM
    Jeremy Grantham: Stocks Still Aren't Cheap [view article]
    I agree with the comments of the market being more like Vegas. This is an excerpt from something I sent to a friend this weekend, who was looking for investment advice:

    I just have serious reservations about publicly trade equities as an investment class - because it really isn't an investment, but speculation between two parties independent of the company - the amount of publicly traded equities you own should equal how much you would be willing to put in slot machines in Vegas. The people running publicly traded companies have no "skin in the game" so they very often make decisions counter to the interest of the person holding the equity in such businesses.     Reply
  • commenter
    MarketLost
    Oct 12 08:10 PM
    Jeremy Grantham: Stocks Still Aren't Cheap [view article]
    Why is it whenever I see someone introduce an "expert" with adjectives such as 'highly-respected', I always roll my eyes. Perhaps, like this one, he throws mud at those in power, but doesn't have any constructive plan for how things could be fixed.

    How 'bout it? What type of fix does he suggest, or is he just a clueless as those he derides?     Reply
  • commenter
    fatcat
    Oct 12 07:46 PM
    Jeremy Grantham: Stocks Still Aren't Cheap [view article]
    As I have said before,you must discount stocks to house values,at least for now.Of course,there are many exceptions,but the bulk of inflation is a result of home value spikes and the resulting liquidity.. Reply
  • commenter
    aby1366
    Oct 12 06:18 PM
    Jeremy Grantham: Stocks Still Aren't Cheap [view article]
    A question that should be asked would have to entail qualifications as we now have top tier advisors who plainly did not even understand the derivitives they were playing with,for pete's sake, never mind the rip off bonuses they get(got). I was thinking of getting into advising as a career but if the regulators are so flapdoodle as they appear to be then why bother? Reply
  • commenter
    henarl
    Oct 12 04:32 PM
    Jeremy Grantham: Stocks Still Aren't Cheap [view article]
    SmartStops: Trouble is, there is no foolproof system for knowing when to get out or back in. Trailing stops get you whipsawed in this kind of volatile market. Staying out altogether means you're constantly losing buying power to inflation. Buy and hold aint working real well lately either. notsosmart is right - it's like Las Vegas without the free drinks - and just when you could really use a drink too. Reply
  • commenter
    TinyTim
    Oct 12 04:24 PM
    Jeremy Grantham: Stocks Still Aren't Cheap [view article]
    "All the competencies of the senior people at the Fed, Treasury and [top-tier firms] have turned out to be much less than I had expected;"

    Tell me again, why are these folks pulling in the big bucks?


    Just read where Lehman tried to pay out $100M (why does this now sound tiny) to top execs 3 days before collapse. Talk about raping the stckholders.     Reply
  • commenter
    SmartStops
    Oct 12 12:59 PM
    My Website
    Jeremy Grantham: Stocks Still Aren't Cheap [view article]
    Indeed - that is why all investors should have an UNBIASED method to protect themselves in the stock market. Buy&Hold is the most riskiest strategy around too and studies can show that. Had you had an exit strategy in place from the start you would have been in cash much sooner. Use something smarter though than a trailing stop or moving averages. But use something! Hopefully an "intelligent"... method that can adjust itself to the stock's behavior and market conditions. Reply
  • commenter
    BerkeleyBob
    Oct 12 12:31 PM
    Jeremy Grantham: Stocks Still Aren't Cheap [view article]
    Until and unless the large institutional investors consistently and regularly vote against excessive executive compensation packages, they will continue because small shareholders simply don't matter. California's state employees pension fund, PERS, has been exceptional in demanding greater accountability from management. Stock options get favorable tax treatment, but enforcement by the feds for anything except the most egregious offenses has been missing... Reply
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