I dont see much talk about it....but.....I am thinking that the news that came out this afternoon about a hack of Microsoft and Nvidia freaked out the markets. Here is the media take on the markets today. Stock market news live updates: Stocks drop to give back some gains https://finance.yahoo.com/news/stock-market-news-live-updates-march-22-2022-114152788-221518266.html (BOLD is my opinion OR what I consider important content) "Stocks fell Wednesday to give back some gains after rising a day earlier, as investors contemplated the potential for the Federal Reserve to take an even more aggressive approach to reining in inflation. The S&P 500 dipped after the index gained more than 1% on Tuesday. The Dow and Nasdaq each also opened lower. Crude oil prices gained, and West Texas intermediate added nearly 4% to close in on $114 per barrel. U.S. stocks have see-sawed between gains and losses this week as investors weighed Fed Chair Jerome Powell's hawkish remarks from earlier this week. Powell, speaking at a National Association for Business Economics Conference on Monday, said the central bank would take "the necessary steps to ensure a return to price stability," and would be willing to raise the benchmark interest rate by more than 25 basis points at a forthcoming meeting if deemed necessary to curb fast-rising prices. These remarks — which came less than a week since Powell's last public remarks at the end of the Fed's last policy-setting meeting last Wednesday — were taken as a surprisingly quick shift in tone, highlighting the urgency key policymakers saw in addressing inflation. "My belief going in, prior to [Monday] had been that the Federal Reserve truly in their heart of hearts believed that inflation is transitory in nature, and we will see it come down over the summer," Jeff Klingelhofer, Thornburg Investment Management co-head of investments, told Yahoo Finance Live on Tuesday. "What we saw from Jerome Powell [Monday] is that his confidence is shaken." "If we have another high inflation print, I think the market will have to start pricing in the potential for 50 basis point rate hikes, even the potential for an inter-meeting hike, and a Fed that is truly scared of inflation being out of control," he added. The Fed last week raised interest rates for the first time since 2018, bringing the benchmark rate up by 25 basis points off near-zero levels. The Federal Open Market Committee (FOMC), as of last Wednesday, also telegraphed that its median member expected there would be another six quarter-point rate hikes this year. Heading into this, stocks traded with heightened volatility throughout 2022 as investors priced in the potential that higher interest rates and otherwise tighter financial conditions would weigh on equity valuations. Uncertainty around the progression of Russia's invasion in Ukraine has also remained a point of concern. Still, some strategists noted that investors have less to worry about at least in the near-term when it comes to the impact of the start of Fed hiking cycles. "Equities tend to continue their upwards march in the nine months after the Fed begins to tighten, as the strong economy that enabled hikes supports growth," Deutsche Bank strategists including Jim Reid, head of credit strategy and thematic research, wrote in a note. "After that, equities become more volatile and are more likely to experience a drawdown. Ten-year Treasury yields start increasing, sending their prices lower, but eventually flatten out and decline as markets put increasing probabilities on the next recession coming. History suggests we should not be worried about near-term impacts." Elsewhere, investors also continued to monitor developments in Russia's war in Ukraine and the global response. President Joe Biden is set to travel to Brussels Wednesday before convening in a summit of all NATO allies, in a meeting that will set the stage for the announcement of more sanctions against Russia and greater humanitarian aid for Ukraine. 2:40 p.m. ET: Madeleine Albright, the first female secretary of state, dies at 84 Madeleine Albright, who served as the first female secretary of state from 1997 to 2001 under former President Bill Clinton, died at age 84 on Wednesday. Albright's family confirmed her death in a statement. Prior to her tenure as secretary of state, she served as Clinton's U.S. ambassador to the United Nations from 1993 to 1997. She was awarded the Medal of Freedom by former President Barak Obama in 2012. 11:47 a.m. ET: Here are the best-performing stocks in the S&P 500 two years since the pandemic-era bottom Wednesday marks the two-year anniversary since the S&P 500 hit its pandemic-era bottom, closing at 2,237.4 on March 23, 2020. Since that date, the index has rallied just over 101%. And some components contributed more to that gain than others. Tesla (TSLA) was the best-performing stock over the past two years, climbing more than 1040% since March 23, 2020. Devon Energy (DVN) followed by a margin with a jump of 881%. Free-port McMoran, Caesars Entertainment (CZR) and Marathon Oil (MRO) rounded out the top five. On the other hand, a number of other stocks have underperformed. Viatris (VTRS) has been the biggest laggard over the two-year period, shedding 31%. Biogen (BIIB) has dropped 22%. And Clorox (CLX) — once one of the best-performing stocks early on during the pandemic — has dropped 20%. 10:09 a.m. ET: New home sales unexpectedly dropped in February U.S. new home sales unexpectedly declined for a back-to-back month in February, underscoring some slowing housing activity and demand as rates moved higher and affordability became further squeezed. New home sales fell 2.0% in February compared to January, the Commerce Department said Wednesday. This compared to an increase of 1.1% consensus economists were expecting, according to Bloomberg data. And in January, new home sales were downwardly revised to show an 8.4% drop — far greater than the 4.5% decline previously reported. With the latest decrease, new homes sales were at a seasonally adjusted annualized rate of 772,000. This represented the lowest level since November 2021." MY COMMENT Not sure I buy this stuff about the FED.....since it did not have any impact on the markets yesterday. I am going with the "HACKING" excuse for the drop. Although.....I do see some content today concerning other members of the FED doing some EGO GRATIFICATION and not being able to shut up when a microphone is shoved in their face. It is the.....usual suspects.....pushing their mania to raise interest rates quicker and more often. Just go away and.....STFU.....please. You are not helping anything. Probably just as likely with the past week or so of BIG GAINS it was just time for people and traders to take some profits and take some money off the table.
New antennas......WOW. Reminds me of Homer Simpson when he is distracted and hypnotized by donuts. Looks like oldmanram is still pumping money into the old hole in the water. Why not.....it is probably more fun than the markets. PLUS......"all work and no play makes oldmanram a dull boy". If you are under about age 35 you have no idea where that saying that I bastardized came from or what it means.
That pretty much hits the nail on the head Dooooo One stock up today , and it really isn't even mine I opened trading accounts for my daughters , and the middle one picked Brookfield Renewable LP (BEP) as her stock pick. She bought it late January , and it's up 25% so far shheesh my portfolio (tech heavy monster that it is) was down 1.41%
Here is the actual economic data on new home sales that came out today. U.S. new home sales drop further as mortgages rates rise; prices push higher https://finance.yahoo.com/news/u-home-sales-decline-further-151201022.html (BOLD is my opinion OR what I consider important content) "WASHINGTON (Reuters) - Sales of new U.S. single-family homes unexpectedly fell in February amid rising mortgage rates and higher house prices, which are squeezing out some first-time buyers from the market. Despite the second straight monthly decline reported by the Commerce Department on Wednesday, sales remained above their pre-pandemic level. Economists saw reduced affordability curbing activity in the near-term, but expected the new housing market to plod along this year given pent-up demand, a record low inventory of previously owned homes and strong wage gains. "With interest rates climbing further because of the negative supply shock emanating from the Russian invasion of Ukraine, home sales are likely to trend lower in coming months," said David Berson, chief economist at Nationwide in Columbus, Ohio. "But unless mortgage rates spike or the economy stalls or worse, the falloff in new home sales should be modest." New home sales decreased 2% to a seasonally adjusted annual rate of 772,000 units last month. January's sales pace was revised down to 788,000 units from the previously reported 801,000 units. Sales surged 59.3% in the Northeast and increased 6.3% in the Midwest. But they fell 1.7% in the densely populated South and tumbled 13.0% in the West. New homes are a leading indicator for the housing market as they are counted at the signing of a contract. Economists polled by Reuters had forecast new home sales, which account for 11.4% of U.S. home sales, would rebound to a rate of 810,000 units. Sales declined 6.2% on a year-on-year basis in February. They peaked at a rate of 993,000 units in January 2021, which was the highest since the end of 2006. Mortgage rates surged in February and have continued to push higher after the Federal Reserve last week raised its policy interest rate by 25 basis points, the first hike in more than three years, and laid out an aggressive plan to push borrowing costs to restrictive levels by 2023. The 30-year fixed rate vaulted 23 basis points to a three-year high of 4.50% last week, data from the Mortgage Bankers Association showed on Wednesday. Stocks on Wall Street were trading lower as oil prices rose. The dollar gained versus a basket of currencies. U.S. Treasury yields fell. SUPPLY-DEMAND IMBALANCE Though, mortgage rates remain low by historical standards, strong house price inflation has combined to significantly increase the typical monthly mortgage payment. "Mortgage payments as a share of median family income have risen above 20% for the first time since late 2007," said Matthew Pointon, senior property economist at Capital Economics in New York. "That will act to cool housing market activity. A record low number of existing homes on the market that implies new sales will grind out a small gain over 2022." Data last week showed sales of previously owned homes fell sharply in February. The median new house price in February increased 10.7% from a year ago to $400,600. House prices have risen 31% compared to three years ago. None of the houses sold last month were below $200,000. Strong house price growth is expected to persist through this year and into 2023. "We may be approaching a pivot point when higher home costs and higher mortgage rates cool both sales and price increases, but given the supply-and-demand imbalance, we may not hit that point this year," said Robert Frick, corporate economist at Navy Federal Credit Union in Vienna, Virginia. There were 407,000 new homes on the market, the highest since August 2008 and up from 398,000 units in January. Houses under construction made up 65% of the inventory, with homes yet to be built accounting for about 26%. The backlog of homes approved for construction but yet to be started is at an all-time high as builders struggle with shortages and higher prices for inputs like lumber for framing, as well as cabinets, garage doors, countertops and appliances. At February's sales pace it would take 6.3 months to clear the supply of houses on the market, up from 6.1 months in January." MY COMMENT If I was in the market to buy a house....I dont think I would take this information as a sign that prices are going to drop. In my view the market is going to still be a KILLER market for sellers and a frustrating disaster for buyers.....in many parts of the country.
Glad to see a green open today. It should be.....there is nothing new going on this week. It is interesting all the panic and fear we used to see a few months ago when the Ten Year Treasury would hit 1.7% or 1.8%. It would be maximum drama all day long. Now the yield is 2.367%.......and crickets. This just goes to show how much BS the daily drama is. The majority of this rate BS was being put out there by the short term traders trying to drive their trades. Talking about rates. With the mortgage rates now up in the 4% to 4.5% range I am sure some potential home buyers are burned up by their bad luck to be trying to buy a home when the rates are up. First.....if it was me I would simply continue my search and buy a house. I would not wait....thinking that rates are going to go back down to the EXTREME HISTORIC low rates of the recent past is foolish. Second......I would actually celebrate any mortgage I could get in the 4% range. Over time people will see that any mortgage rate in the 4% range is STILL in the historic low end of the mortgage rate range.
So the current BULL MARKET just turned two. Actually I would date the current BULL MARKET from 2009....so it just turned about 13 years old. The Bull Market Turns Two https://lplresearch.com/2022/03/23/the-bull-market-turns-two/ (BOLD is my opinion OR what I consider important content) "The bear market ended two years ago today and the subsequent bull market has clearly been an amazing ride. For some context, it was the fastest bull market to double ever, at just under 18 months. View enlarged chart. Here’s where it ranks against the other bull markets that have doubled. You can see it is currently up 102%, making it the best bull market on its second birthday ever. 2009 was up 95%, coming in second. View enlarged chart. At the recent peak in early January, the S&P 500 Index was up 114%, making it the seventh bull market to double. The annualized return of 53.4% shows just how explosive this move was off the lows and does imply some type of break could be warranted. View enlarged chart. Here’s another way to look at this bull market as it starts year three. Previous strong bull markets saw modest gains and really spent much of the third year consolidating the previous big gains. View enlarged chart. “As this bull market reaches the third year of life, investors need to remember that year three of bull markets tend to be a little tamer, with the larger gains happening in year one and two,” explained LPL Financial Chief Market Strategist Ryan Detrick. “In fact, out of the 11 bull markets since World War II, we found that three of them ended during year three, while the ones that didn’t end saw an average gain of only 5.2%.” As shown in the LPL Chart of the Day, year three of bull markets have returned only 5.2% on average for the S&P 500, versus first year gains of 41.8% and second year gains of 12.8%, while three bull markets outright ended in year three. View enlarged chart. We expect the bull market to continue, but some bumps in the road are normal. As the bull ages, year three could provide some of those bumps." MY COMMENT Yes.....I view the current bull market as simply a continuation of the many year bull market we have been in since 2008/2009. BUT.....how any investor chooses to look at it is irrelevant. The reality is anyone that has been invested since 2009 has achieved massive gains. If someone has not captured those gains......you need to look in the mirror and do some personal analysis. You need to take a serious look at how and why you are selecting what you invest in.......and.....your style of investing.
HERE.....is the economic news today....that no one will care about. New jobless claims fall to 187,000, setting more than five-decade low https://finance.yahoo.com/news/weekly-jobless-claims-week-ended-march-19-2022-183206198.html (BOLD is my opinion OR what I consider important content) "U.S. jobless claims set a more than 50-year low last week as the red-hot labor market shows few signs of cooling in the near-term. The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial jobless claims, week ended March 19: 187,000 vs.210,000 expected and a revised 215,000 during prior week Continuing claims, week ended March 12: 1.350 millionvs.1.400 million expected and a revised 1.417 million during prior week At 187,000, new jobless claims improved for a back-to-back week and reached the lowest level since September 1969. Continuing claims also fell further to reach 1.35 million — the least since January 1970. The labor market has remained a point of strength in the U.S. economy, with job openings still elevated but coming down from record levels as more workers rejoin the labor force from the sidelines. Going forward, however, some economists warned that new cases of the fast-spreading sub-variant of Omicron, known as BA.2, could at least temporarily disrupt mobility and economic activity across the country. As of this week, about one-third of COVID-19 cases in the U.S. have been attributed to the sub-variant, though overall new infections have still been trending down from January's record high. The impact on the labor market — and on demand in the service sector especially — remains to be seen. "Right now, U.S. cases are in the sweet spot between the bottom of the initial Omicron wave and the impending explosion in BA.2 cases, but this probably won't last long," Ian Shepherdson, chief economist at Pantheon Macroeconomics, wrote in a note this week. "Our bet ... is that the coming BA.2 wave will trigger a modest but visible pull-back in the discretionary services sector, thereby dampening consumption in the first month of the second quarter." Still, many economists and policymakers have pointed out that the labor market withstood prior disruptions due to the Omicron wave earlier this year. Non-farm payrolls grew more than expected in each of January and February despite the outbreak. And Federal Reserve Chair Jerome Powell reiterated his assessment of the labor market's strength earlier this week, just days after calling the current job market "tight to an unhealthy level" in his post-Fed meeting press conference last week. "The labor market has substantial momentum. Employment growth powered through the difficult Omicron wave, adding 1.75 million jobs over the past three months," Powell said in a speech Monday. "By many measures, the labor market is extremely tight, significantly tighter than the very strong job market just before the pandemic." The tightness of the labor market has also strongly informed the Fed's decisions in pressing ahead with tightening monetary policy, with the economy showing clear signs of strength and the ability to handle less accommodative financial conditions. Last week, the Fed raised interest rates by 25 basis points in its first rate hike since 2018. And St. Louis Fed President Jim Bullard, the lone dissenter of that decision who had called for a more aggressive 50 basis point rate hike last week, justified his vote in part given the strength of the U.S. labor market even in the face of decades-high rates of inflation. "U.S. labor markets are today already stronger than they have been in a generation," Bullard said in a statement. The Federal Open Market Committee is scheduled to convene on May 3 and 4." MY COMMENT It is AMAZING that people will go out and get a job if there is no more FREE MONEY and other government incentives to not work. The labor and job markets continue to slowly work out the distortions imposed on them by the government during Covid. The simple truth.....if you give people incentives to NOT work.....they will NOT work.
AMEN TO THAT !! Just chugging along to the positive (.34%) , most of my acquisitions over the last 2 months have now turned positive. Hold down the fort , gotta go diagnose a check engine light on my daughters (HITLERS REVENGE) Tiguan
My check engine light came on two days ago. The next day it was off. Now oldmanram's daughter is having the same issue. I think it is the RUSSIANS screwing with us.......those dirty dog Russian hackers.
I talked about mortgage rates earlier today. I am sure this article is a topic of extreme interest to anyone under age 40...people in their prime first home buying ages. Mortgage rates close in on 4.5% https://finance.yahoo.com/news/mortgage-rates-increase-152744753.html (BOLD is my opinion OR what I consider important content) "The rapid rise in mortgage rates didn’t abate this week, with the rate on the most common home loan hitting a more than three-year high. The rate on the average 30-year fixed rate mortgage jumped to 4.42%, up from 4.16% a week ago, according to Freddie Mac. That marks the highest level since the last week of January 2019. Rates have jumped more than a half-point in two weeks — the largest two-week jump since June 2009 — intensifying pressure on homebuyers facing the worst affordability conditions and essentially shutting off refinance opportunities for owners. "That's going to make it particularly challenging for first-time homebuyers because that immediately goes into their mortgage payment ,” Freddie Mac Deputy Chief Economist Len Kiefer told Yahoo Money. “You have prices up, loan sizes up, interest rates up. All of that together, if you do the math, it's a pretty significant change in payment.” Mortgage rates have jumped more than a half-point these last two weeks, adding pressure on would-be homebuyers as home prices continue to surge. (Credit: Freddie Mac) Why rates are rising The 30-year rate has increased more than a full percentage point since the start of the year, its rapid rise largely unexpected with most economists initially predicting the rate to hit 4% by year-end. But that was before the worst inflation in 40 years and the invasion of Ukraine. “Rising inflation, escalating geopolitical uncertainty and the Federal Reserve’s actions are driving rates higher and weakening consumers’ purchasing power,” said Sam Khater, Freddie Mac’s chief economist. Remarks from Federal Reserve Chairman Jay Powells this week saying the central bank must move "expeditiously" to get inflation under control pushed bond yields higher. Mortgage rates track the 10-year Treasury yield, which is now at the highest level since 2019. “In short, the rise in mortgage rates, combined with continued house price appreciation, is increasing monthly mortgage payments and quickly affecting homebuyers’ ability to keep up with the market,” Khater said. Homebuyers race to secure rates Rates are already hurting buyers on the edge. The volume of mortgage applications for home purchases decreased 2% from one week earlier, according to the Mortgage Bankers Association survey for the week ending March 18, with certain government-backed loans favored by first-time buyers seeing the largest declines in applications. “First-time homebuyers, who rely on these government programs, are increasingly challenged by both the rapid increase in home prices and higher mortgage rates,” said Mike Fratantoni, MBA’s senior vice president and chief economist. For instance, in just two weeks, the payment on a $400,000 house — now approximately the median price — has jumped from $1,500 at 3.85% to $1,606 at 4.42%, over $100 more, according to estimates using Bankrate's mortgage calculator. In the first week of January that payment would have been $1,387, or $219 less. And that’s not factoring rising home prices or the challenge of finding a house to buy in the first place, two other major headwinds buyers face. “It is difficult especially for first time homebuyers not only to find that home but to afford that perfect home,” Jessica Lautz, vice president of Demographics and Behavioral Insights at the National Association of Realtors (NAR), told Yahoo Money. “So there is a very tight market, we’re seeing increased competition perhaps as people are trying to lock in rates.” ‘Refinancing chances may be over’ The brief rush in traditional refinancing activity in recent weeks has all but dried up as rates rise. The volume of refinance applications decreased 14% from the previous week, according to the MBA, with the refinance share of mortgage activity decreasing to 44.8% of total applications from 48.4% the previous week. “The refinancing chances may be over,” Lawrence Yun, chief economist of the National Association of Realtors, recently told Yahoo Finance Live. Last week when rates hit 4.16%, only 2.6 million high-quality candidates could shave at least three-quarters of a point off their mortgage by refinancing, saving $302 per month, according to figures Black Knight previously provided Yahoo Money. That was three-quarters less than the 11 million who could at the start of the year. At 4.42%, that pool of candidates has shrunk further. “It is no surprise that refinance volume has dropped by more than 50% compared to this time last year,” Fratantoni said. ‘Push toward 5%' Mortgage rates are likely to continue their ascent, as the Fed plans to lift its benchmark interest rate up to six more times this year to tamp down inflation. “The window of record-breaking mortgage rates has closed, and the road ahead points to a return toward mortgage rates more typical of the past two decades,” said George Ratiu, Realtor.com manager of economic research. “The main takeaway is that mortgage rates are likely to push toward 5% before the end of the year.”" MY COMMENT Welcome to the real world. The EXTREMELY low rates of the past few years were a once in 100 year ABERRATION. If you want to buy a home....you just have to pay the price. It has never been easy for first time buyers. This is just reality. The good news. In spite of all the articles you see about the HOT markets......many Americans live in towns and communities where homes are STILL very affordable. AND....many first tie buyers are not STUCK on the......"perfect"....home. The reality has always been that first time buyers often have to settle for what they can afford. We stretched for our first two or three houses that we owned. We were willing to sacrifice other things in our lifestyle for the ability to own a house. We had no choice.....if we wanted to own a home. At the time we bought our third home we were financing under a 12% real estate contract. You do what you have to do. Fortunately for many first time buyers that are young......you can look out over the next 5-10 years and see that your earning power is going to grow. Over time that payment will seem lower and lower as prices and rates continue to rise.
That’s absolutely correct OMRam, 80s with a light breeze… standing in our Palms Hotel & Spa balcony was a NIGHTMARE this am
I've had a week plus of lackluster results. So I'm super happy to report that I'm up over 2.5% so far. Only LOW is keeping me from having a completely green day. Hopefully the balance of the day keeps going as the 1st half has.
No I did not know that Emmett.....but.....it is not an option for me......my battery is virtually unreachable.
I have a nice gain going so far today. Nvidia is responsible for much of it with the stock being up today by just under 10%. I was trying to figure out why and this is what pops up: Why Nvidia Stock Finally Popped Today https://www.fool.com/investing/2022/03/24/why-nvidia-stock-finally-popped-today/ (BOLD is my opinion OR what I consider important content) "The semiconductor company said the magic words today: "$1 trillion." What happened As Nvidia's ( NVDA 9.48% ) Graphics Technology Conference 2022 (GTC 2022) approached its close on Wednesday, investors seemed largely unimpressed with the semiconductor giant's announcements. Don't get me wrong. Nvidia's promise to enhance its artificial intelligence offerings, create a supercomputer for advanced robotics, expand its virtual reality Omniverse, and so on were all impressive announcements in and of themselves. It's just that they were largely expected, already "priced in" to the stock, and thus failed to convince Wall Street investors to shift their price targets. That may have changed today, as we watched Nvidia stock jump 5.8% as of 11 a.m. ET. So what So what changed today? If you recall from yesterday's article, one of the reasons I mentioned for Wall Street deciding not to raise its price targets on Nvidia was because the company "didn't raise its guidance at all." Nvidia seems to have heard that loud and clear, however, because as MarketWatch now reports, the company is telling investors it sees "a $1 trillion opportunity" in the several big areas for semiconductor growth that it's targeting. Breaking it down, Nvidia sees a total addressable market worth: $300 billion for sales of automotive chips; $300 billion more from sales of other chips and systems; $150 billion from selling artificial intelligence enterprise software; $150 million from Omniverse enterprise software; And $100 billion in annual revenue from video gaming services such as GeForce Now. Add all that up, and what do you get? A $1 trillion market opportunity for Nvidia. Now what Commenting on the news today, an analyst at Evercore ISI called Nvidia's latest estimates "very large numbers," and another at investment bank Bernstein thanked the company for providing a "clearer picture of the broader strategy" going forward. The Bernstein analyst added that now the market is finally "starting to get an inkling of what might be possible as we go down this road" toward a global "Omniverse/Metaverse." Admittedly, neither of these two analysts decided to raise their price targets on Nvidia based on today's revelations, either. But the clearer the path becomes for Nvidia to grow from $27 billion in revenue (last year) toward $1 trillion in revenue (at some point in the future), the faster I'd expect Nvidia stock to rise." MY COMMENT This company has MASSIVE growth potential for their business and for shareholders. At this point it is just......"potential".......but, I would say it is close to being "probability". In fact with what is going to be happening in the world over the next 10-20 years with tech.....I am including Google, Microsoft, Tesla, and Apple as stocks with MASSIVE potential going forward. For someone that owns these FIVE companies......that are the current guts of the tech revolution........this could be life changing money if one or two of these names hits it BIG. ( I am discounting their HUGE gains to date)
As a clean-up article for a post yesterday....here is what I think was the......ACTUAL......cause of the market drop in the second half of the day yesterday. Microsoft Affected by a Cyberattack After Nvidia and Samsung https://finance.yahoo.com/m/66289196-048a-3ce0-98c0-0206b10e24e7/microsoft-affected-by-a.html MY COMMENT Of course.....this is day old news so not really relevant. AND....this attack appears to be very limited and minimal.......so.....no big deal.
I'm hearing those data breaches are not really cyberattacks (OKTA got affected too). Instead it is disgruntled employees that are putting this stuff out there, letting Lapsus$ get access. It sounds like more reason for Zero Trust security.
Had a nice 2.88% gain approximately. It sure is nice to get back on track. Had a big gain with Nvidia and I sold at the tail end of the day to lock the gain. LOW was down again today and I sold after my loss topped 4% from buy price. Up 1.15% ytd overall so was a nice day. Bet just about everybody did well today.
So gtrudeau88....if you were doing your strategy to sell when you had a 3% gain.....would you have anything left after today that was not sold? On the big down days......would you be selling out many of your holdings due to a one day loss of 3%? AND......what would you be buying to replace them? Today and the other big Up days and the recent big DOWN days are what I see as a big issue with your potential trading strategy. In other words your strategy that you were considering will probably result in much knee jerk......extremely...... short term trading....up and down. Have you decided if you are going to do that sort of trading yet?
A great day today to add to the week. I gained back all that I lost yesterday plus more. I was nicely in the green today with all holdings except for Nike and Home Depot. As an added bonus.....I got in a beat on the SP500 by 0.46% today. Time for a BIG close to the week tomorrow.
