Sold some more stocks today to book profits so I might miss out for further gains Still not a big believer the worst is over for the market and I am surprised to see the remarkable strength so far this year
QQQ is +2% today in pre-market, the momentum continues. SPY only +1% and DIA is still only flat. Looking for a reversal intraday, with at least 3 huge names reporting after hours (AAPL, AMZN, GOOGL).
The momentum in tech stocks is looking good today...just keep riding it. TARK +16% so far today. Even CVNA keeps making higher lows, going to be watching that one tomorrow. The Dow once again desperately trying to claw its way into the green, marginally. SBUX is reporting today...anyone remember the Starbucks of China? That's right, Luckin Coffee. It's back near an all-time high, but you don't hear too many people talk about it anymore. For one thing, it is no longer in the Nasdaq. Relegated to OTC stocks, and now under the ticker LKNCY, it has made a comeback, one of the biggest % gains for Chinese stocks since March 2022.
Yields higher and dollar higher today, hurting equities a little bit. Let's see what Powell will say tomorrow, the right thing is to cool the market down a little bit if he is serious about fighting against inflation
Was reading about movie theatre food; According to data from research firm EntTelligence, the average medium popcorn at domestic movie theaters is $8.14, while a medium drink runs for $6.20. Wold said these items typically have mid-90% margins. [so a drink only costs the theatre ~30 cents, and a popcorn only costs them ~40 cents.]
LOL I never buy food from the theaters, I actually don't like the sound of people eating popcorn too while I am focusing on watching the movie actually
AI is up again after a big red day yesterday while GOOGL is down big on disappointment from their AI chatbot Brad
Alphabet shares dive after Google AI chatbot Bard flubs answer in ad | Reuters "Google has been scrambling over the last few weeks to catch up on Search and that caused the announcement yesterday to be rushed and the embarrassing mess up of posting a wrong answer during their demo." LOL Google lost 100 billion of its market cap after one wrong answer, that's kinda funny
Unfortunately I doubt it. The team that made it will probably suffer more consequences, even though they assuredly told the higher-ups IT'S NOT READY. The higher-ups full of ego and "smarter than you" personality then decided "it's ready, what would you know!?" and went for it. Higher-ups will blame the programmers for their own flawed decision-making.
Yeah, that is probably exactly what occurred. I bet they are still cussing about it. While MSFT is like....
Google's response to it: A Google spokesperson responded saying "This highlights the importance of a rigorous testing process, something that we’re kicking off this week with our Trusted Tester program." I don't know...in my mind I envision Lucy with the football and Charlie Brown.
LOL you know they already had a tester program. They just rushed to release it and someone demanded they release it ahead of time. I will take this time to add to my long-term GOOGL position with some small free cash I have.
