Weekend Open Thread   13 comments

For this weekend’s open thread, where you can discuss any topic you like, I offer a “get well soon” dedication to Marshall. For his skiing mishap, there is only one song that seems appropriate:

Sorry Marshall. I had to do it!

If it makes you feel any better, here is Linda Ronstadt’s cover, which I consider an improvement on the original:

Next time Marshall, try this:

cowabunga-military-sports-waterskiing-airplane-demotivational-posters-1323139945

In all seriousness, I hope you get well soon, and I wish only the best painkillers for you! Enjoy your weekend!

IRA PORTFOLIO UPDATE: My IRA topped the indexes, rising a tepid 0.18%.

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Posted February 21, 2014 by edmcgon in Humor, Music, Open Thread, Portfolio

13 responses to “Weekend Open Thread

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  1. daily pc ratio and volume.

    DIA: 0.77, 41.1K
    QQQ: 0.97, 271K
    SPY: 1.35, 1.65MIL
    IWM: 1.10, 389K

  2. Back safely in good old USA. Nice to be home. Thanks for everyone’s thoughts.

    • Glad you’re home safe, and hope your trip went well. Most glad you didn’t hit your head. I like your input on here. A prayer for your speedy recovery.

    • That’s good to hear Marshall. I will second what summer ’39 said: I like your input here, and my blog is better for it. Get well soon.

    • Glad you are ok Marshall, any thoughts on your TC-PT after their report?

      • Ojunker – TC looks pretty cheap, even at 2.88. The big fear was bankruptcy, which I mentioned at the time felt overblown. It seems that Mt Milligan is off to decent start and the suspending Moly will staunch some negative cash flow until that market recovers. Between my TC-PT and RIOM, I have all the exposure I want to this space.

  3. Good article today on front page of WSJ about how the small investor is piling into this market the last few months. They talk to one chemical worker who started dabbling in stocks a few years ago and now makes two trades an hour.
    He said he is considering quitting his job to day trade full time…

    In dec margin debt hit an all time high of $444.93 billion, not adjusted for inflation, up 35% in the last year.

    Individual investors as a whole always buys at the top…..

    • Let’s party like it’s 1999! We all know how that ended…

    • That article surprises me. My view had been that the individual investor was still sitting largely on the sideline. The margin debt is the puzzle piece that really bothers me. I understand why people are doing it, it is cheap to borrow the money right now. But that much margin could really accelerate a sell-off. But those numbers can be a bit deceiving. I guess the real question is what is the total ratio of margin to the entire stock market value? And is all the margin in the stock market? Or is a chunk of it in bond market and commodities?

  4. Another WSJ article – applicable to FSC?
    A Yield Play That Could Bite Back – By Gillian Tan Feb. 21, 2014 6:43 p.m. ET
    Business development companies offer annual dividends of up to 13%. Needless to say, there are risks.
    Investors in search of extra yield invariably take a look at business-development companies. They should proceed with caution.

    • Nothing new here. BDC’s are kind of the sub prime lenders in the business world. So they are clearly more risky. But you do get paid for the risk (10% in FSC case) and you are really betting on a slow melt-up of the economy, which is what I think will continue to happen. If you believe we could slide back into a recession, this is not the place for your money (but you could say the same for 75% of the stock market).

  5. Hello Marshall,
    Best wishes for your quick recovery and good health.
    CG

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