The pipelines tend to go up/down with the price of oil even though it doesn’t impact them. Also, they’ll decline in value if interest rates keep increasing. I’m not a fan. You might as well get a tax free muni bond fund.
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I’m back up for the month as of today, which happens to be EOM. So I guess this drop is more of a blip than anything. However, one should always be prepared for the worst.
2VPs replace Buffet/Munger. AAPL was bought by one of the VP before WB.
WB’s son is to be the non-executive chairman, can’t remember the exact title, role is to ensure continuity.
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If Steve jobs can be replaced, WB certainly can.
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Traders went gaga with NFLX.
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Here we go again. 
If you have to be like this everytime there’s a tiny little blip, I can’t imagine how you would behave when a real drop occurs…
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Somebody here said…that “options” are bad. He must know more than everybody.
Well, insurance companies use options. How they do it? I have no idea. But the returns lately, last year was 16%.
That’s all.
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In corporate news, home improvement retailer Lowe’s reported weaker-than-expected quarterly earnings, sending the company’s stock down more than 6 percent.
Booking Holdings — formerly known as Priceline — saw its shares spike more than 7 percent after reporting better-than-expected adjusted earnings.
My portfolio actually just dropped a little bit compared to last month. So I gained good percentage points on the S&P and the Dow… 
Did you gain against dominos pizza though?
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The SPY was 21.7%, so you lagged the market by 5.7%. I wouldn’t be bragging about that…
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Stop reminding me of some pizza joint every time… 
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According to a recent survey of fund managers in New York, Paris. and London, it appears that less than half of fund managers have been through even one market crash. (Note, the last one was less than 10 years ago.) Using the definition (pdf) of a transition from a bull to a bear market being a decline of 20% in the stock market, the majority of people that manage money professionally have never experienced a real downturn, much less the volatility that goes with it.
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I don’t get what mutual fund managers can do anyway. They usually have to keep a certain percent of assets invested. Seeing a mutual fund go above 10% cash is rare. All they can do is rotate to stocks they think will decline slower. They can’t go short.
Interestingly, during February, everyone had the opportunity to gain experience in the most rare event; a 10% decline over 10 days, something that has only happened 19 times since World War II.
We survived the crash!!
Now I really doubt you can make it through a real crash, given your hysteria and tendency to make a big deal out of every little movement…
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Sound like they have less than 5 years of experience. When tide goes down, it is going to be very unsightly.