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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

Bowl Fever

Bowl Fever
It's that time of year again with the annual tradition of college football bowl games. This year there are 35 bowl games, including the inaugural Pinstripe Bowl in NYC. 35 bowls equates into 70 lucky teams that get to play for a championship. With a total of 130 or division one football teams, more than half are playing in a bowl and plenty of choices for fans to view over the next several weeks. Speaking of choices, there are at least 1500+ Exchange Traded Funds (ETF's) that investors can pick from. Sometimes too many choices, whether it is college bowl games or mutual funds, can overwhelm a person and lead to underperformance. Buying an ETF and trying to predict the direction of the market, a commodity, or a country is not like investing in companies and sharing in their current and future profits. Keep it simple.
Simply put, money has begun to flow out of bond funds and much of it may find its way to stock mutual funds which should be very good for stock investors and could be very bad for risk-averse bond fund investors. With so many predicting this reversal in money flows though, it may be some time before it gets crazy. That being said, Pimco Total Return was down about 3% in November and some investors are heading for the hills and leaving the world's largest mutual fund. Stay tuned.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.