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mjc99

mjc99
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  • At the open: Dow +0.04% to 14081. S&P +0.21% to 1519. Nasdaq +0.29% to 3172.
    Treasurys: 30-year +0.07%. 10-yr +0.08%. 5-yr +0.04%.
    Commodities: Crude +0.08% to $92.83. Gold -0.36% to $1589.9.
    Currencies: Euro -0.14% vs. dollar. Yen +0.13%. Pound -0.08%[View news story]
    Were those opening DOW, S&P, and NASDAQ increases supposed to be increases based on points, not percentages?
    Feb 28 09:39 AM | Likes Like |Link to Comment
  • Thailand: Taking A Stake In A Changing Economy [View article]
    Far Horizon,

    I am following up on a previous comment from rkctech. Have you considered a closed-end fund like TTF? According to Morningstar total return data, TTF has significantly outperformed THD. TTF also has CP All, one of your recommendations, as its largest holding.

    Thanks for an informative article.
    Feb 24 10:56 AM | 2 Likes Like |Link to Comment
  • A Reply To Barry Ritholtz's Secular Bear Question [View article]
    You forgot to include that we survived eight years of George W. Bush whose policies certainly didn't help the US economy.

    I'm afraid there won't be a republican in the White House any time soon unless republicans finally realize it is a new era and that appealing mainly to old, white men is no longer enough.
    Feb 18 10:27 AM | 3 Likes Like |Link to Comment
  • First Business Development Company ETF Looks Like A Winner [View article]
    Alan, the fact sheet for BIZD states that expenses are as follows: "Acquired Fund Fees and Expenses ** = 7.16%

    **Acquired fund fees and expenses are not borne directly by the Fund, rather they reflect the Fund’s pro rata share of indirect fees and expenses incurred by investing in business development companies (BDC). Acquired fund fees and expenses are reflected in the prices of the acquired BDCs and thus included in the total returns of the Fund. The fund’s direct net expenses are capped contractually at 0.40%."

    Should the high fees concern potential investors or are these fees something that is also charged to investors in the individual stocks?
    Feb 13 10:44 AM | Likes Like |Link to Comment
  • How To Fix The Fiscal Mess [View article]
    Philip,

    I fear you have gone over to the dark side in your pursuit of income! Your earlier writings led me to believe you thought mREITs were too risky. Now you are recommending them. (FYI, I am long MTGE.)
    Feb 3 01:37 PM | 1 Like Like |Link to Comment
  • Petroleum And Resources Corp: An Attractive Alternative To BP Prudhoe Bay [View article]
    Bill,

    According to Morningstar, the total return for BPT for the 1-year period ending Jan 31, 2013 was -24.61% (that's minus 24.61%) while it was +6.99% for PEO. PEO also outperformed BPT over the last 3-year period as well.
    Feb 1 03:04 PM | Likes Like |Link to Comment
  • Petroleum And Resources Corp: An Attractive Alternative To BP Prudhoe Bay [View article]
    Morningstar seems to show that the total return on price and NAV for PEO significantly exceeds SPY for the last 10 and 15 year periods.
    Feb 1 02:14 PM | 1 Like Like |Link to Comment
  • Equity CEFs: The Insanity Of CEF Investors [View article]
    Douglas,

    I too initially viewed closed end funds with skepticism. Your articles have enlightened me but I have much to learn. Is there any reason not to include a tax-advantaged CEF in an IRA? Are there better CEF alternatives for an IRA?
    Jan 28 01:03 PM | Likes Like |Link to Comment
  • Apple Sure Looks Cheap [View article]
    Joe Springer wrote an article about this on January 13.
    Jan 16 09:39 PM | Likes Like |Link to Comment
  • Canacol Energy Undervalued And Set To More Than Double Over The Next Year [View article]
    According to Yahoo Finance, the ticker has changed to CAAED.PK
    Jan 8 11:06 AM | Likes Like |Link to Comment
  • Caiman Valores Positions For 2013: Colombia, Chile Offer Best Upside In Latin America [View article]
    Caiman Valores wrote an article posted on July 16, 2012 on SA in which they stated that Arcos Dorados was not a golden opportunity. It would be interesting to see if their evaluation of the company has changed.
    Jan 4 09:19 AM | 1 Like Like |Link to Comment
  • The Obama Administration considers expanding its mortgage-refinance program to include those loans not held by the GSE's. Fannie and Freddie back just 50% of the nation's mortgages, leaving a big chunk of the 10.8M underwater mortgage loans not qualified for the HAMP. What happened to weaning the nation off of public mortgage finance? [View news story]
    Yes, and the previous Republican administration was different, plugging the medicare doughnuthole, etc., etc., etc.
    Dec 26 08:34 AM | 2 Likes Like |Link to Comment
  • Fiscal Cliff: Let's Call Their Bluff [View article]
    Excellent article Ellen, especially about the bloated US defense budget. In 2011 the US spent more for defense than the next 13 countries combined! Yet, neither Democrats nor Republicans seem to issue a peep about reducing defense spending, which could have a significant impact on our budget problems.

    And, if we were to go over the "austerity slope", sequestration would only reduce planned future increases in defense spending, not actually reduce defense spending.

    It appears Dwight Eisenhower's farewell speech in 1961 warning about the military-industrial complex has gone unheeded.
    Dec 19 08:20 PM | 15 Likes Like |Link to Comment
  • Nov. ISM Manufacturing Index: 49.5 vs. 51.7 consensus and 51.7 prior. Prices index 52.5 vs. 55.0 prior. Employment 48.4 vs. 52.1 prior. Inventories 45.0 vs. 50.0 prior. New orders 50.3 vs. 54.2 prior. [View news story]
    Thank you GaltMachine for your response.
    Dec 3 11:42 AM | Likes Like |Link to Comment
  • Nov. ISM Manufacturing Index: 49.5 vs. 51.7 consensus and 51.7 prior. Prices index 52.5 vs. 55.0 prior. Employment 48.4 vs. 52.1 prior. Inventories 45.0 vs. 50.0 prior. New orders 50.3 vs. 54.2 prior. [View news story]
    The reported November PMI manufacturing index increased to 52.8 this morning. Is the ISM manufacturing index that much more meaningful than the PMI index?
    Dec 3 10:56 AM | Likes Like |Link to Comment
COMMENTS STATS
64 Comments
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