The Long Term Investor

Looks like a big day for Elon.....one way or another.

Elon Musk's $1 trillion pay fight — and other things to expect at Thursday's Tesla shareholder meeting
Musk's pay, directors up for election, and what do with xAI are on the agenda.

https://finance.yahoo.com/news/elon...days-tesla-shareholder-meeting-100011129.html

 

This is the sort of IDIOTIC media.....OPINION....article that just ignores reality. It is news to me that AMAZON was ever out of the conversation....except for perhaps in the....all knowing.... media.

Amazon’s $300 Billion Jump Puts Stock Back in AI Conversation

https://finance.yahoo.com/news/amazon-300-billion-jump-puts-123716059.html

 

Part of NVIDIA's vast web of investments....as they create a TECH CONGLOMERATE.

Nvidia-backed Vast Data inks $1.17 billion AI deal with CoreWeave

https://finance.yahoo.com/news/exclusive-nvidia-backed-vast-data-120456403.html

 

YES.....the BS lately about younger consumers cutting back and not spending since they are not eating at CHIPOTLE, etc, etc, etc. Turns out to simply be....media opinion BS. Consumers are choosing where to spend.......and....they are still spending.

Younger consumers are eating less Chipotle and Cava. They are buying more Coach bags

https://www.cnbc.com/2025/11/06/tapestry-tpr-q1-2026-earnings.html

 

A lot of times on here I use the phrase.....SP500 Index Fund. it is just habit. In today's investing world what I mean when I use that phrase is an....SP500 ETF. I would always choose an ETF over a mutual fund when buying an Index. the tax benefits are significant.

Double-digit mutual fund payouts are coming — how to avoid the tax hit

https://www.cnbc.com/2025/11/06/mutual-fund-capital-gains-payouts.html

 

I am just IGNORING the actual markets today....since I dont have a single GREEN stock.

Are we heading into a little correction.....perhaps...although the SP500 over the past five days is only down by 1.77%.

Of course we will see a rolling correction for various single stocks. PLTR is already there. NVDA is getting close. MSFT is at least half way there.

As usual we see the LARGEST most SUCCESSFUL companies in the world being treated like...... risky start-up junk stocks.....day after day.....year after year.....in spite of constant GREAT earnings.

I am using the traditional definition of a correction being a dip of 10% or more.

Do I care about corrections....NO. Dips are just he price you pay to be invested in the markets for the long term. It is TOTALLY NORMAL to see at least 1-3 corrections in any one year.

In the older days a correction was often a 1 month to 3 month event....an actual economic event. .

Now we often have 1 week to 3 week.... little mini-corrections. They come on fast and hard....and go away just as quickly. They are often the result of the MEDIA and events like the actions and blather of groups like the FED....or some comment from a big bank leader. The "modern" correction tends to have NOTHING to do with economic events or business conditions. They are often TRIGGERED by some comment, or someone or something TRASHING the markets....especially the big tech side of the markets.

In the old days BROAD fundamental business issues and results were often drivers of corrections.

NOW....it is just...fear-mongering, manipulation, opinion BS which is repeated by everyone and becomes a self-fulfilling story-line, rumor, speculation, etc, etc, etc. The people spreading this "STUFF" are often IGNORANT and really dont know what they are talking about.

BUT...that is the reality we have to navigate as investors in the modern market world....where much of the day to day stock action is driven by AI HEADLINE PROGRAM TRADING....and....speculation.

 

A total waste of time to watch the markets today. So I will IGNORE IT ALL.....and go do something that is productive. Why torture myself.

The day is early....so we will see how things progress or regress over the next....5.5 hours.

 

The markets today....SORRY....I cant fix STUPID.

Dow, S&P 500, Nasdaq sink as valuation concerns mount amid bleak jobs data

https://finance.yahoo.com/news/live...rns-mount-amid-bleak-jobs-data-143722615.html

 

I note that.....here we are with the markets and what is happening right now over the past few days....basically started with POWELL and his idiotic comments about rate cuts. He clanged the entire....FEEL...of the markets.

There is no way what he has constantly done to investors and the markets...over the past year, and especially now.....is not....INTENTIONAL.

What he has done to TRASH the markets in 2025.......goes way beyond normal behavior for a FED chair.

 

As to the shut-down....NO....I still dont care. Political games dont matter to me and I dont see this as mattering to the markets either.

 

I see this type of coverage....today and the last few days..... as the driving force behind the recent drop in PLTR.....and also NVDA

Michael Burry Bet Against Nvidia and Palantir—Is it Time to Get Out?

https://247wallst.com/investing/202...st-nvidia-and-palantir-is-it-time-to-get-out/

I guess if you are right about a housing and derivative disaster....that should have been obvious to all the so called "experts" as it was happening....makes you an investing genius. At least in the media.....EIGHTEEN YEARS LATER.

This is a non-event......and....MASSIVE FEAR MONGERING....in support of a short position. This type of media coverage is EXACTLY how the markets are legally manipulated.

AI tells me this is.....ALLEGEDLY.... his record....not exactly a ringing endorsement.

• Post-2008 Record: His performance since reopening his fund has been more volatile. While he has had successful predictions, such as the 2022 market decline, some of his calls have been early or wrong, leading to missed opportunities or losses.
  • "For example, he shorted Tesla in 2021, and the stock more than doubled before falling later.
  • He bought GameStop shares early but sold them before they became a "meme stock" phenomenon, missing out on massive gains.
  • A significant bet against the S&P 500 and Nasdaq in Q3 2023 was revealed just before markets soared, leading to an admission that his call was wrong at the time.

• Recent Performance Metrics: As of late 2025 (based on the latest available data), Scion Asset Management's performance over various time-frames is reported as:
  • 1-Year Performance: 9.74%
  • 3-Year Performance: -15.25%
  • 5-Year Performance: 77.59%"

Apparently....he can not even beat the SP500.

FOR CONTEXT.....five year performance of the SP500.....129.7%. Want a bit MORE CONTEXT....the SP500....one year +13.64%. Three year....+21.70%.

BUT....none of this matters to the MORONS in the media...pushing this short trade to the max over thee last 3 days. DISGUSTING.

 

If his PONZI scheme had not collapsed....I am sure the media would be quoting genius investor....Barry Madoff...about now.

I HATE "experts".

I was and am still amazed that the Madoff ponzi scheme was not discovered for 15-20 years after it all started. All the "experts" missed it and in fact encouraged it by piggy-backing their Hedge Funds over to Madoff for their clients. The SEC is a revolving door of investing industry and big bank.... "experts"....and we know how they performed regarding Madoff.

 

So....we....the little people suffer...at the hands of the FOOLS....as usual.

Today I had a single GREEN stock....GOOGL. I ended with a large loss. I also got beat by the SP500 today by 1.55%.

PLTR is in correction right now....over the past 5 days and NVDA is just under....for the past 5 days. META is in correction for the last 30 days.

 

NOT a good thing to admit. Hello class action attorneys.

Meta estimates that it earns 10% of its revenue from scams, report says

https://finance.yahoo.com/news/meta-estimates-earns-10-revenue-212051323.html

 

Lately I have gone back about 1-2 weeks in the old stock market time machine.....in terms of account value. Looks like I am now....once again.... below my 2025......SP500....perdition of 6800 to 6900.