The FED continues to sit on its hands and do nothing. A little hissy-fit over the current government being in charge? Meanwhile here is what the data is showing. The first quarter is on track for negative GDP growth, Atlanta Fed indicator says https://www.cnbc.com/2025/02/28/the...e-gdp-growth-atlanta-fed-indicator-says-.html (BOLD is my opinion OR what I consider important content) "Key Points The Atlanta Fed’s GDPNow tracker of incoming data is indicating that gross domestic product is on pace to shrink by 1.5% for the first quarter. While the tracker is volatile through the quarter and typically becomes more reliable much later in the quarter, it does coincide with some other indicators showing a growth slowdown. Early economic data for the first quarter of 2025 is pointing towards negative growth, according to a Federal Reserve Bank of Atlanta measure. The central bank’s GDPNow tracker of incoming metrics is indicating that gross domestic product is on pace to shrink by 1.5% for the January-through-March period, according to an update posted Friday morning. Fresh indicators showed that consumers spent less than expected during the inclement January weather and exports were weak, which led to the downgrade. Prior to Friday’s consumer spending report, GDPNow had been indicating growth of 2.3% for the quarter. While the tracker is volatile and typically becomes a more reliable measure much later in the quarter, it does coincide with some other measures that are showing a growth slowdown. “This is sobering notwithstanding the inherent volatility of the very high frequency ‘nowcast’ maintained by the Atlanta Fed,” Mohamed El-Erian, chief economic advisor at Allianz and president of Queens’ College Cambridge, said in a post on social media site X. The gauge had pointed to GDP gains as high as 3.9% in early February but has been on a decline since then as additional data has come in. On Friday, the Commerce Department reported that personal spending fell 0.2% in January, missing the Dow Jones estimate for a 0.1% increase. Adjusted for inflation, spending fell 0.5%. As a result, that shaved a full percentage point off the expected contribution to GDP, down to 1.3%, according to the GDPNow calculation. At the same time, the contribution of net exports tumbled from -0.41 percentage point to -3.7 percentage points. The combination of data and its impact on the growth outlook comes with surveys showing decreasing consumer confidence and worries about rising inflation. The Commerce Department also reported that an inflation measure the Fed favors moved lower during the month, as the core personal consumption expenditures price index fell to 2.6%, down 0.3 percentage point from December. The week also brought some concerning news out of the labor market as initial unemployment claims hit a level that was last higher in early October. In addition, the bond market also has been pricing in slower growth. The 3-month Treasury yield this week moved above the 10-year note, a historically reliable indicator of a recession at the 12- to 18-month horizon. The economic and policy uncertainty has led to a bumpy start to the year for the stock market. The Dow Jones Industrial Average is up 2% in 2025 amid wild fluctuations in a volatile news cycle. “My sense is that the complacency that has crept into asset markets is about to be disrupted,” said Joseph Brusuelas, chief U.S. economist at RSM. Markets increasingly believe the Fed will respond to the slowdown with multiple interest rate cuts this year. Traders in the fed funds futures market increased the odds of a quarter percentage point reduction in June to about 80% as of Friday afternoon and raised the possibility of three such cuts total this year." MY COMMENT Week after week the poor economic data.....often distorted....has been piling up. Much of it has been pointed out in this thread as it happened. At the same time the FED is frozen...either intentionally or not. They need to back off their ridiculous.......recessionary.......inflation target of 2% and let the financial media know it is off the table. The constant HARPING in the media about this target is responsible for the lower consumer confidence and probably the cut back in consumer spending. It is also a constant IRRITANT to the stock markets. WAKE UP.
you should have a nice portfolio of paintings sculptures and other stuff! what is your favourite item (in your collection)?
Well RG.....I will answer in generalities since I dont want to identify myself or disclose what we own......since the items below are very recognizable on the internet. I would say my three favorite "collection" items are: 1. A Western oil painting by a very prominent artist. 2. A historic Western Impressionistic oil painting by a deceased historic artist. 3. A Texas Impressionistic oil painting by a deceased historic artist. We are in a very good place with our collection right now. We added a number of items last year that capped off the collection. Deciding where to hang those items kicked off a change in where about 5-8 other items were hung. In the end I like how our collection is now hung, the most ever. I also really like the mix of sculpture that we now have and where it is displayed in the house. As a result it will probably be some time before we buy anything else......since we have achieved a really good look with what we have right now. Also...there is a limit to how much money we want to have tied up in...."stuff". It is nice to be at a point where we are totally happy with our collection. As a collector it is not about monetary value of items in a collection. It is mostly about the LOVE and APPRECIATION of the art you own. We have a good mix of items in the house that are not HUGE value.....that I like as much as items that have higher value. It is also about the collection as a whole and how it all functions together on display. Over the past five or so years.......and now as we are both age 75.....we are very aware that the pieces of art and other items that we live with daily.....will inevitably move on to other collectors. We are just temporary custodians and protectors of these items. This is something that every collector has to face.....you never really "own" anything....you are just a temporary custodian of an item that will......hopefully.... have a long continued life long after you are gone. We live with these items and we enjoy them....but you never "own" them. All you can do as a collector is preserve an item for the future. Over decades and decades art and other collectables are lost to fire, flood, inadvertent damage and destruction, other disasters, etc, etc, etc. Sometimes a significant piece of art just becomes lost or forgotten and ends up in the trash, or is simply discarded. As a collector it is your job to protect items and pass them on to the next generation of collectors and/or museums. I also believe it is your job as a collector to document and add to the known history of any items that you are able to do so. I am sure many of the items we have will end up with our kids....but there is no way for them to take everything. They will choose their favorites and the rest will go outside the family. We do not have any items designated to go to certain kids or grand-kids. Our two kids and their spouses will have to decide how to split things up between themselves when the day comes. Perhaps some items will end up as long term family heirlooms. In our area of collecting.....most collectors are older like us. it seems like this is typical. As a result over the past 20 years I have seen many collections broken up due to death or illness. You live with that REALITY as a collector. It happens to everyone. We got to the point in our lives where we could collect at a fairly high level about 30 years ago at about age 40-45. That also seems typical of many collectors. It just takes a while to get involved in collecting, figure out what you really like, and to get yourself educated enough to have some skill. We are NOT in the....."money is no object"....category when it comes to collecting. Some people are, but most collectors are not. For most of us it is a long process of buying, trading, scheming, dreaming, and moving up in what you own over many years. It is fun but also a hard process. Some people are good at it others are not. Much of the fun is the....."thrill of the hunt". I think this is the same for just about ALL collectors.
As to he above......from a financial standpoint we have structured our net worth as a four legged stool. The legs are. 1. Stock market money and investments. 2. Real property...our free and clear house. 3. Collectables, art, and antiques. 4. Cash and cash equivalent or retirement benefits in the form of Social Security and Income Annuities.....that will provide a lifetime income. This is free of stock market risk. Some of the above provide an inflation hedge or a hedge against financial disaster. These four legs of the stool also provide financial diversification and broad financial security as a whole. In a way it is like constructing a portfolio in the stock market. it is all about creating a mix that will provide long term growth, financial security, and protection for you and your family. The interaction of the various pieces of the plan is more important than the individual pieces. The whole is greater than the sum of the parts.
In the end ALL collecting is based on passion. It has nothing to do with money or value....for most people. Whether you collect buttons, or fine art, or comic books, or tools, or mid century hub-caps, or pottery, or little figurines, or thimbles, or Victorian mourning jewelry, or guns, or McDonald's Happy meal toys, or any of the thousands of categories of "things' that people collect.....it mostly has nothing to do with money. It is all about interest and passion. It is also a social activity as you interact and mix with other collectors. And....like anything involving HUMANS and human interaction....you see and experience all the various extremes of human behavior and emotion. The....good, the bad, and the ugly.
It has been an interesting little stretch. Seems there is more noise now than a couple years ago when all sorts of stuff was on the table. Sometimes investors talk themselves into it I think. Often the noise is worse than what is actually happening. Sometimes it is nothing, other times maybe it is. And there is no end to the speculation and guessing about any particular issue. We just deal with it and simply control what we can control. Oddly, the SP 500 is still green YTD, although not by a lot....1.46%. If you knew nothing but what you had seen or read, one might think it was well below that. Some of the Tech/AI stuff has stumbled out of the gate this year. As mentioned upthread there are some below or close to -10%. Then there are other areas that are up nicely, even above the index and well into the green. All sorts of reasons and theories have been offered up about it. The Callan Table of Investments is always interesting to look at I think. It can challenge sometimes what we think or have heard. Sometimes things go in cycles, sometimes things do better than others at a particular time, and over the years it seems to do so. The point is, often the pundits crow about things that are abnormal, when in reality...they are normal over a period of time. Anyway...it is interesting to look at and think about. Of course you can locate the Callan Table over longer periods to view even a larger time span. This is just one available to see.
Everyone is curious about PLTR now.....after the past few weeks. I looked at four accounts that I own or manage to see where PLTR stands. ACCT 1 - My daughters account. Gain is +206%. The first purchase of PLTR was in 2024. ACCT 2 - My son-in laws account. First purchase was later in 2024 than my daughter. Gain is +122%. ACCT 3 - My primary account. My first 104 shares from 2024 have a gain of +300%. Other shares scattered in 2024 have a gain of +100% to +300%. A large block of shares that I purchased in early 2025 have a gain of +13%. ACCT 4 - My sisters account. There is a total gain of +150%. Shares purchased in October of 2024 have a gain of +104%. All shares before that date have a gain ranging from a low of +200% to a high of +311%. So.....you can see why I am NOT particularly worried about this stock and the recent drop. I have a very good feeling about the rest of 2025 in terms of earnings and business growth. The day to day INSANITY of the markets is NOT relevant to me...at this time......and....I dont anticipate selling any shares....PERIOD. BUT....I will closely follow what is going on with this company and all the others that I own and if needed will consider anything that needs to be done.
One good thing about being a LONG TERM INVESTOR........is that is insulates you from the INSANITY of the short term markets.
NOW....this is an example of a very well written and RATIONAL financial media article. The dust settles on Nvidia: Morning Brief https://finance.yahoo.com/news/the-dust-settles-on-nvidia-morning-brief-110036550.html (BOLD is my opinion OR what I consider important content) "The dust has settled on the latest Nvidia (NVDA) earnings week frenzy. And I think it's important to take stock of where things stand for the world's most important stock (sorry, Apple (AAPL)). Why? Because you should be thinking about whether the pullback in Nvidia is a buying opportunity or the start of a deeper sell-off as expectations are reset. We know Nvidia's margins in the first half of the year will be below their usual robust levels as Blackwell AI chips ramp up. I would argue the Street knew this ahead of the results, so they got flustered over nothing. On Nvidia's earnings call, execs sought to push back on the bears, who have put forth a narrative that there will be a digestion period for AI investments by hyperscalers such as Amazon (AMZN) and that Nvidia's margins may have peaked. "Once our Blackwell fully rounds, we can improve our cost and our gross margin," Nvidia CFO Colette Kress said. "So, we expect to probably be in the mid-70s later this year." We also know that, fundamentally, Nvidia's business is strong and likely to stay strong. Fourth quarter revenue rose 12% sequentially and 78% from the prior year. Data center sales more than doubled from the prior year. Earnings handily beat analyst estimates. "We're going to have to continue to scale as demand is quite high, and customers are anxious and impatient to get their Blackwell systems," Nvidia founder and CEO Jensen Huang said. Nowhere in the company's 2025 guidance or commentary from Huang did I sense that AMD (AMD) is taking Nvidia's market share; ditto custom chips from Amazon. I heard no hint that hyperscalers are sending AI chips back to Nvidia or have stopped fawning over Jensen to get more of these chips at any cost. Put together, I would argue what we heard from Nvidia in terms of demand and margins was all well known going into the results. So, the sell-off could prove to be an overreaction, a function of investors aiming to model out mixed first quarter guidance for the next two years. But there are a couple of things we don't yet know about Nvidia that warrant greater attention. These play into the long-term bull thesis. For starters, there's Huang's point about DeepSeek's R1 requiring 100x more compute resources compared to pre-training models due to inference time scaling. Look, most of us have no clue what this even means. But the casual observer could read it as the market has it strong on DeepSeek, and there could be a lot of upside to Nvidia estimates as DeepSeek and other reasoning models gain hold. And the second thing we don't know is the long-term impact of what Huang will show off at Nvidia's GTC event on March 17. "We're going to provide a big, huge step-up [in performance]," Huang said. "And so, come to GTC, and I'll talk to you about Blackwell Ultra, Vera Rubin, and then show you the one click after that. Really exciting new products to come at GTC." To me, these new chips could blow Blackwell's performance away and reinforce Nvidia's leading position in the space. The last thing that is unclear is how nation-states' buildout of AI infrastructure will drive demand for Nvidia chips. A16z general partner Anjney Midha suggests the Street may be undervaluing the opportunity (see Opening Bid episode above). I am not some crazy Nvidia bull, which is worth nothing. But I am a practitioner of common sense when studying stocks, companies, and leaders. And when it comes to Nvidia, it's silly to think what we heard from the company is going to send the stock to end 2025 lower." MY COMMENT The last paragraph above pretty much says it all. We need to get over the SILLY short term market and media BS and live in the world of fundamental REALITY. As I said.....this is a very well done article. Too bad we dont see more rational and realistic commentary like this in the financial media.
HERE is some of the "stuff" we will face this week. Of course the usual BATTLE between the short term and the long term will continue. Jobs report, crucial retail earnings kick off March trading for investors https://finance.yahoo.com/news/jobs...vestors-what-to-know-this-week-123426431.html (BOLD is my opinion ORR what I consider important content) "The first week of March will bring investors a crucial jobs report and a range of key retail earnings that could have the potential to either stoke or allay fears about the US economy and the consumer showing some signs of stress. The February jobs report out Friday is expected to show hiring rose modestly last month while the unemployment rate held steady at 4%. And earnings reports from the likes of Target (TGT), Costco (COST), Kroger (KR), and Abercrombie & Fitch (ANF) will offer more color on the state of the US consumer quickly losing confidence on the economic outlook. On the policy front, new tariffs on Canada, Mexico, and China are all set to take effect on March 4. Last week, the major averages were a mixed bag in the end, with the Dow (^DJI) eking out a weekly gain while the tech-heavy Nasdaq (^IXIC) lost over 4%. After forfeiting its year-to-date gains at the week's lows, the S&P 500 (^GSPC) enters March just barely in the green. Nvidia's (NVDA) earnings report on Wednesday showed AI investment remains robust, but with the stock's huge run-up and expectations sky-high, shares ended the week down over 9%. A sharp drop in bitcoin (BTC-USD), which briefly cracked $80,000 for the first time since early November, also reflected the market's overall risk-off stance that dominated the week's proceedings. And that brings investors into the month of March with more questions than answers as tariff deadlines loom, the Federal Reserve's next meeting fast approaches, and the US economy faces the burden of trying to disprove investors' fears about a growth scare. Labor letdown watch For years, the US economy has faced predictions of an impending downturn. For years, the US labor market has continued to be at the center of pushing off those concerns. In March, the story may be much of the same. Wall Street economists expect there were 143,000 new nonfarm payroll jobs created last month while the unemployment rate held at 4%. But clear signs of softness in the job market have been emerging for months. Initial jobless claims last week reached their highest level of the year. Continuing claims for workers that have been receiving unemployment benefits for longer than a week continue to rise. The JOLTS report has shown a consistent decline in the number of open roles as the ratio between this measure and the number of unemployed workers quickly approaches 1. Adding another wrinkle to the US labor outlook are the actions out of Washington, where the Elon Musk-led Department of Government Efficiency (DOGE) has set the table for a sharp pullback in government employment to weigh on this data in the months ahead. "Despite the headlines, the three-pronged attack on the federal workforce by President Trump and Elon Musk in recent weeks — the hiring freeze, buyout offer, and mass layoffs of probationary workers — should have minimal impact on February’s payroll," wrote Capital Economics economist Bradley Saunders in a note on Thursday. Looking forward, however, the state of play may not be so benign. "Layoffs are also likely to accumulate more over time given the administration's plan to further reduce the Federal workforce," wrote Bank of America's economics team led by Aditya Bhave on Friday. "We estimate that the direct effect of the administration's actions could amount to a reduction of more than 200k in Federal employment by the end of the fiscal year." The government's fiscal year, we'd note, ends on Sept. 30. BofA's team also notes federal contractors could rein in hiring depending on where budget cuts do or don't materialize from Congress. Moreover, a slowdown in spending from federal workers who lose their jobs would be a drag on overall activity too. "In short," BofA wrote, "the actions taken to reduce the size of Federal employment are an upside risk to our yearend unemployment rate forecast of 4.2%." Retail reality check Every retail company tells two stories — its own and the economy's. In the week ahead, the three most prominent retailers that will report results — Costco (COST), Abercrombie & Fitch (ANF), and Target (TGT) — have plenty to say on both. Costco has been a decades-long winner. The late Charlie Munger, a former board member, once said it was a "perfect damn company" save for its expensive stock — shares of Costco currently trade at 60 times last year's earnings. Its customers and investors are fanatics. The no-frills appeal of a Costco warehouse and the headache of navigating its parking lots on a busy weekend are well-known. Back in December, the company said on its earnings call, "We're seeing the member being very choiceful about how they're spending [their] dollars." Economic data of late would suggest these trends have continued. Target has lost ground to its bigger rivals — notably Walmart — over the last several years. After its most recent quarterly report in November, the stock fell 20%. In January, the company tried to calm investor nerves by announcing holiday sales rose 2.8%, with the company notching records on Black Friday and Cyber Monday. Still, that update came with no change to its profit outlook. Target stock comes into this week's report down over 8% this year and is trading near its lowest level since November 2023. "When we assess the consumer and macro environment, we're seeing many of the same themes that have defined the environment for some time," Target CEO Brian Cornell told investors in November. "Consumers tell us their budgets remain stretched and they're shopping carefully as they work to overcome the cumulative impact of multiple years of price inflation." Abercrombie, meanwhile, has ridden a dual wave of hitting Gen Z trends and a wave of millennial nostalgia and has been one of the best stories in apparel over the last five years. Over that time, the S&P 500 has doubled; Abercrombie stock is up over 600%. While Costco and Target are merchants of household essentials, Abercrombie is more positioned to benefit from the US consumer's relentless ability to find the money to refresh their wardrobe. "We are no longer a jeans and T-shirt company," CEO Fran Horowitz said in November. "We're really, truly a lifestyle brand. The consumer comes to us now, in their early 20s. They stay well into their 40s." In the depths of the pandemic, some investors arrived at ANF stock in the single digits. Some of them will enter March 2025 over $100. Bank of America's 'bro bubble' The causes of any period of market stress or euphoria can always be debated. Prices leave less room for interpretation. Tech stocks lagged this week, and some of the most notable trades that gripped investors after President Trump's election win showed real signs of weakness. Tesla (TSLA) stock finished February down almost 30% for the month; shares have now gone basically nowhere since Trump's win. Similarly, bitcoin has nearly round-tripped from the $70,000 level it stood at before election night. In a note to clients on Friday, Bank of America strategist Michael Hartnett, one of the more colorful commentators on the Street, noted weakness in bitcoin and its inability to hold in the mid-$90,000s "was [the] first sign [of the] 'bro bubble' popping." Also in this group, in Hartnett's view, are names like Meta (META) and Palantir (PLTR), along with the S&P 500 and Nasdaq. With US polls still open on the afternoon of Nov. 5, the S&P 500 closed at 5,783. On Friday, the index closed at 5,912. In Hartnett's view, the index returning to this level — which it touched during the day on Thursday — "[would be the] first strike price of [a] Trump put, below which 'Stocks Down Under Trump' headlines begin, below which investors currently long risk would very much expect and need some verbal support for markets from policymakers." During his first term in office, Trump was a regular commentator on movements in the stock market. Trump's second term has taken a different shape, with more focus on tariffs, the Treasury market, and DOGE. What it might take to bring the president's attention back to the stock market is up for debate, but the price of stocks when the moment comes will leave little doubt." MY COMMENT The big one for me this week will be the COST earnings. AND......there is always HOPE that we will.....at some time this year.....see a COSTCO stock split. It is WAY overdue.
US Treasury Rates The US treasury yield curve rates are updated at the end of each trading day. All data is sourced from the Daily Treasury Par Yield Curve Rates data provided by the Treasury.gov website. Treasury Current Yield Change Previous Yield 1 Month Treasury 4.38% 0.00 4.38% 1.5 Monthnth Treasury 4.37% -0.01 4.38% 2 Month Treasury 4.38% 0.00 4.38% 3 Month Treasury 4.32% 0.00 4.32% 4 Month Treasury 4.32% 0.00 4.32% 6 Month Treasury 4.25% -0.03 4.28% 1 Year Treasury 4.08% -0.05 4.13% 2 Year Treasury 3.99% -0.08 4.07% 3 Year Treasury 3.99% -0.06 4.05% 5 Year Treasury 4.03% -0.06 4.09% 7 Year Treasury 4.14% -0.05 4.19% 10 Year Treasury 4.24% -0.05 4.29% 20 Year Treasury 4.55% -0.04 4.59% 30 Year Treasury 4.51% -0.05 4.56% Treasury rates updated on 2025-02-28 with data sourced from Treasury.gov.
Of course these change regularly....like the wind, but the top 10 at the moment. S&P 500 Component Year to Date Returns # Company Symbol YTD Return 1 CVS HEALTH CORP CVS 46.40% 2 SUPER MICRO COMPUTER INC SMCI 36.02% 3 TAPESTRY INC TPR 30.75% 4 SANDISK CORP SNDK 30.14% 5 TEXAS PACIFIC LAND CORP TPL 29.11% 6 PHILIP MORRIS INTERNATIONAL PM 29.02% 7 STARBUCKS CORP SBUX 26.92% 8 UBER TECHNOLOGIES INC UBER 26.01% 9 HOWMET AEROSPACE INC HWM 24.90% 10 GENERAL ELECTRIC GE 24.10%
With many people still working from home....I am sure this is an issue for many. Can You Take the Home Office Deduction? Under the current law, you can qualify for the home office deduction only if you’re self-employed. https://money.usnews.com/money/personal-finance/taxes/articles/guide-to-home-office-tax-deduction
i suspect that the FED "might"......emphasis on "might"......start to think about a rate cut before too long....unless they are going to play politics. Many of the recent economic indicators are dropping.....which is good news for the FED. The issue is that they will sit waiting for a clear signal and we will end up in a mild recession. The FED has a long history of causing recessions.....so....we will just have to wait and see. this was an....unexpected.....dip. US construction spending unexpectedly declines in January https://finance.yahoo.com/news/us-construction-spending-unexpectedly-declines-152934509.html
WELL.....PLTR is bucking the market trend early today......and....is nicely in the green. It is a BUMMER day for most of big tech.......but the day is young. ALL the big tech stocks are down except for GOOGL and META. I dont follow META much but what I see on a daily basis makes me wonder why the stock has been doing well lately. I dont see it....but than....I dont own or have any interest in the stock. They do seem to be very good at playing the guidance game each quarter. The rest of the big cap tech world is down at this moment. An AMAZING short term happening so far this year.....since these companies are all hitting BIG EARNINGS. A good example of the markets being disconnected from earnings.
I have been watching the markets today since before the open.....while waiting for yet another refrigerator to be delivered today. it came about 20 minutes ago. Our refrigerator crapped out about 6 months ago. We bought a nice Samsung side by side. It was delivered and immediately had severe issues with the water paddle operation. So we had Home Depot take it back and give us a new one. For the last six months we have had nothing but problems with the new Samsung........a crazy noise from the ice maker and it was unable to get the temperature down in the food side of the refrigerator below 42 degrees. We noticed that milk was going bad within days......and it just did not feel right. So we bought a thermometer and it was definately NOT cooling properly. It was set on 34 degrees. I know from my after the fact research why this was happening.......and it is not something that I wanted to deal with long term with Samsung. I should have done much more research before we bought the Samsung.....the issues we were having are very well documented on the internet and have been long standing issues for the company. I had ZERO confidence that these issues could be resolved by repair attempts from what I was seeing online.....so Sunday night I made the decision to just ABANDON that refrigerator and JUNK it.....in spite of it being under warranty. I ordered a new GE refrigerator on Sunday night and it was delivered this morning. We were able to get a highly recommended and well reviewed GE model from LOWES for nearly $700 off the list price. A newer version of this model is now out so the older version is heavily discounted. The older model....which we got..... has over 7000 reviews on the LOWES site with a rating of 4.5 stars. The largest difference between the older model and the new version is that the new version is.....ENERGYSTAR. LOL..... I calculated the energy savings of the new model and it comes to about $15 per year. With the price difference of about $700....I was much better off to simply buy the older version.....it would take me over 40 years to make up the difference through energy savings of $15 per year. At age 75....NOT....a very significant factor for me. YES.....unfortunately as a HD share holder I had to give this business to LOWES since their price was a bit better.
We are lucky to be able financially to simply abandon a 6 month old refrigerator that is still under warranty.....most people would probably have been stuck. I am thankful that we have that ability. It is compliments of being a lifelong....long term investor.
"SUPPOSEDLY"......the markets are down today due to the TARIFF TALK. Number one.....this is ALL a negotiating game. I have ZERO concern. Number two.....it makes absolutely ZERO sense for the greatest most successful companies in the world that put up great earnings numbers quarter after quarter to take the hit on this issue. BUT....what do I know....I am NOT an AI TRADING platform.
