Morningstar’s latest Pimco remarks spark catty comments
On Thursday's Breakfast with Benjamin menu: A string of catty comments accompany a Morningstar talk-up of Pimco's outlook. Plus, what municipal bond investors can learn from Detroit and Stockton, avoid getting sucked in by the market's latest winning streak, and much more.
- Morningstar’s in-house panel chats up its outlook for Pimco, but the best part is the string of catty comments beneath the video. Seems there might be some cloaked DoubleLine fans fueling the chatter. “Gundlach and the investing public have successfully ignored your ratings,” says The 62 Dawg
- Detroit and Stockton have each emerged from bankruptcy following some rough justice that should be a lesson for the muni-bond market. No guarantees for bond investors
- It would be easy to get sucked in by the stock market’s latest winning streak, but that doesn’t mean you have to. The rate of ascent seems unsustainable.
- Could gay marriage be a boon for some insurance company stocks? It makes a certain amount of sense, at least on paper. AET, CI, WLP
- BuzzFeed’s attempted swipe at a new liquid-alternatives fund missed the fact that ‘middle-class’ investors already have access to hedge fund strategies via nearly 500 mutual funds. And, please tell me the “sharpe ration” reference is just a typo. Financial stuff is hard to write about.
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