TIRED of beating a horse that died about 4-6 quarters ago. It is a WASTE of time to try to be rational in the face of the current rampant short term MANIPULATION and GAMBLING. So enough for me today.....TOMORROW IS A NEW DAY.....and....THE SUN IS SHINING.
And now negative on the 6th month as well @WXYZ ! It's almost comical. I guess just sit back and let it run it's course. One of those cases where you can be right and still be wrong. Oh well. See if we can totally destroy the week.
This current BS is why I say we are in a.....CORRECTION. Just like all the other old time "stuff" like fundamentals and earnings that no longer work or matter short to medium term....I say the OLD definition of a correction no longer applies. We may not be at a loss of 10%....but the markets in my minds ARE correcting....in some cases......big time.
Ever heard of Jeremy Siegel? Here is a short and sweet little commentary on the BS AI disruption current media focus......Yes it is simply market MANIPULATION....either intentional or unintentional,..... based on stupidity. There is No AI Apocalypse https://x.com/JeremyDSchwartz/status/2027096552951673323 "The recent report by Citrini Research paints a frightening future of massive AI- induced unemployment, crashing stock markets, rising default rates, and a general descent into economic chaos. But such a prediction has no historical or economic basis."
I know that it is a total waste of time to post today. BUT.....this being a LONG TERM INVESTING thread....I will put up any content that I think is long term relevant....regardless of the self flagellating nature of the current markets.
Underneath all the media and manipulator BS.....things are fundamentally good. Q4 US GDP Beyond the Shutdown America’s private sector continued chugging along to close out 2025. https://www.fisherinvestments.com/en-us/insights/market-commentary/q4-us-gdp-beyond-the-shutdown "While the data aren’t telling a new story—US growth isn’t gangbusters, but it is holding up just fine—the interpretations of the numbers have turned more dour. The return of some false fears adds more bricks in the proverbial wall of worry bull markets climb, a bullish development for stocks."
The market today. Stocks sell off on tech struggles and hot U.S. inflation report, Dow slides 700 points https://www.cnbc.com/2026/02/26/stock-market-today-live-updates.html YES....we all know....at this time any and all good news is IGNORED and bad news is massively AMPLIFIED.
More investment for the future. This is exactly what massive free cash should be used for by the big tech companies....investing for he future. OpenAI's $110 billion funding round draws investment from Amazon, Nvidia, SoftBank https://finance.yahoo.com/news/amazon-invest-50-billion-openai-133510892.html
About time. Best Month in a Year for Bonds Sends 10-Year Yield Below 4% https://finance.yahoo.com/news/treasuries-regain-edge-safety-play-100000753.html
For long term (5-10 years) I like Renforth Resources. They are developing their Parbec gold property and plan on digging some up later this year. Their estimated amount of gold is over 350,000 ounces. use whatever number you want for gold value. They have about 460 million shares. Currently being traded at $0.017 US. Then consider their other huge property with lots of other metals to determine what the stock should be. They are very good at communicating. Which is often. Enjoy. RFR:CSE – Gold and Critical Minerals in Quebec and Ontario
The big story today.....not that I care.....I am one of the few people that apparently does not accept the BS....2% FED inflation target. We continue to be right in the perfectly normal range for inflation on a historic basis. Core wholesale prices rose 0.8% in January, much more than expected https://www.cnbc.com/2026/02/27/ppi-january-2026-.html
As a State Farm customer I like this. BUT since I NEVER trust insurance companies....lets see if the REALITY matches the PR RELEASE.....when the payments or refunds are actually made. State Farm announces $5 billion dividend; $100 average refund coming to car insurance customers https://www.cnbc.com/2026/02/26/state-farm-dividend-car-insurance-customers.html
In spite of the DOUR MOOD in the markets....I start the day today with four of seven stocks in the GREEN.....COST, PLTR, GOOGL, and AMZN.
Well that is it for me for now....short and sweet. WELL.....not so sweet in the big averages so far today. For two months now we have been stuck in this media driven...manipulated market. Judging by what I have been seeing so far this year....I would not be surprised to see the current market behavior continue for at least the next 3 months.......March, April, and May. We are way past due for a negative year.....and this may be it. BUT...it is way too early to know. I have seen the markets come back from this sort of start to the year many times. BOTTOM LINE....no one knows what is going to happen or when. The best course of action is STILL the old course.....simply stay invested in rational holdings and good ETF's.....and let time do the heavy lifting. It does not help that many of us are VERY SPOILED by the massive gains over the last few years. Our HUMAN BRAINS trick us into expecting these recent abnormal gains to continue and be seen as NORMAL. They are not and were not. This is why even in the face of my long history of gains over 10% annually.....my long term GOAL is to average 10% annually.....LONG TERM. I am content if I can double my money in about 7 years. If I can better that by doing it at 5 years or 6 years.....or in rare time even sooner....I am GOLDEN. Lets ALL have a great day and forget about the markets....at least till the close.
Poor NVDA. Down by over 3% today...is there anyone that can rationally explain why. I dont think so. Of course the markets are now TOTALLY news driven.....and there is of course....no such thing as news anymore...it is ALL slanted, opinion, idiocy, click-bait, politics, or, etc, etc, etc. Stocks.....BUSINESS......is now...... for the short term at least...... totally disconnected from....BUSINESS. Common sense tells anyone that when you own a BUSINESS.......what counts is the fundamental business activity and results. Companies like NVDA are BOOMING....they hit it out of the park quarter after quarter. They are the GOLD STANDARD....in making money and actual business success. BUT....actual business success....at the moment....simply does NOT matter. So there are two courses of action: 1. Hold for the long term and wait for the price of your stock (business) to come back to reality in accordance to actual fundamental results. 2. Do number one.....and add shares at the current price discount.
SpaceX IPO early next month. Who will participate from this board? I have not much liquidity right now, but I will try to figure out something.
I had another big loss today. NVDA was down by....(-4.16%). NVDA was down by over 7% for the week. I also got beat by the SP500 again today...this time by.....1.04%. I actually had four stocks close in the GREEN today.....COST, GOOGL, AMZN, and PLTR.
Yes here is the story on SpaceX. SpaceX weighs confidential IPO filing as soon as March https://finance.yahoo.com/news/spacex-weighs-confidential-ipo-filing-202517382.html By filing next month it would put the IPO on track for.....JUNE 2026. I dont think I will have any free cash at that time. If I do buy any it will be as a VERY SMALL speculative momentum play....like I did when I got my first 104 "free" shares of PLTR. BUT.....I will have to think long and hard....it could be a very dangerous and risky IPO in the current environment.
