Comments on Fund My Mutual Fund: Complete Buyers Strike

It's great to put a spin on what we see, but if I'...

2008-10-07T20:28:00.000-04:00

It's great to put a spin on what we see, but if I'm going into Mark's Fund, I want ideas for how he is or would act as a fund manager. There's plenty of explanation, after the fact, but when the going gets tough the tough get going is a saying out there. What then is the PLAN? Tell me now, before more news, what his plan would be NOW; and then let's see if it works out on paper! This fund is "Immaginary" so tell me what you will do and let's see if it works!
IF, the cash limit needs adjusting, then say so and do it in the final plan. I have had my $ in funds that have limited cash on hand and when the ++++ hits the fan, they just go down the slippery slope. Control needs tools. Tools in a fund are certainly the ability to hold CASH.
Anyway, I don't want to hear POLITICS, I want to hear "How this fund would address the CURRENT STUFF, YES STUFF, in advance."
Then I'd like some time to digest.
Right now, although I have very high marks for Mark, I'd like to see a BULL.

X - PE 5MOS - PE 5RIG - PE 5FCX - PE 5When we do h...

2008-10-07T13:51:00.000-04:00

X - PE 5
MOS - PE 5
RIG - PE 5
FCX - PE 5

When we do have a turn-around, can it really happen without these types of companies. Call it a commodity bubble or whatever, but you can't build a house with iPods :)

1987 crash......after 1 year market was UP 22.90%....

2008-10-06T23:08:00.000-04:00

1987 crash......after 1 year market was UP 22.90%...after 2 years market was UP 54.30%

1990 Persian Gulf war...after 1 year market was UP 23.60%..after 2 years UP 31.30%

2003 invasion of Iraq...after 1 year market was UP 29.60%...after 2 years UP 31.40%

We entered this downturn with relatively low stock...

2008-10-06T21:26:00.000-04:00

We entered this downturn with relatively low stock prices due to the 2000-03 bear market. Considering that, having a market down 35% is remarkable. JOYG and TEX may buy back the whole company at this rate. Record % in money market accounts. When the buyers strike ends, plenty of cash is ready to come back into the market. Buffett is already in and now Calpers is in.

Thanks! Unfortunately earnings season is already ...

2008-10-06T17:09:00.000-04:00

Thanks! Unfortunately earnings season is already upon us and there may another dry heave of puking before the elections (like the flogging MOS received!).

As TM noted, there is a lack of buyers..(And in pr...

2008-10-06T16:42:00.000-04:00

As TM noted, there is a lack of buyers..(And in prior posts, a massive dumping of equities by the funds. Market Folly notes that this probably will continue as redemptions continue.) However, there are some good things happening... Mainly foreign governments are pulling a Paulson and backing up their banks. There is also a great expectation that we will get a 1 point Fed drop and that other foreign governments are probably going to abandon their 'lets fight inflation' stance and possibly most importantly, China is jumping in feet first to stimulate their economy. Russia has already begun to do so. It is unfortunate that the world's economy can't work together, as it probably would be to everyone's benefit... Buuut...

Anyway, at this point, it would seem to me that we will have a rebound, not because of these efforts, but 'when' buyers think that the market has stopped discounting. There is a lot of money on the sidelines and many of them are value investors. It would be nice if that process began before the election and ran through Xmas..

jegan

Even after these losses and potentially reaching a...

2008-10-06T15:27:00.000-04:00

Even after these losses and potentially reaching a 'bottom,' what factors are going to turn this around? The fed has lowered rates, the bailout (either pro or against) don't matter, etc. What's the big picture stimulus that needs to occur?