Today was the first close for the SP500 above 7600. I dont see any difficulty hitting my SP500 prediction of...year end....8000. (see post 27428 on page 1372).
YES Andrew.....it is amazing how most of us on here are now very top heavy in TECH and for most of us it is just one or two companies. Not that we planed it that way. BUT...you have to let winners run.
I start today the same way I ended yesterday....two stocks green....COST and AAPL......and no doubt a big loss so far. WHATEVER.
I think so. Is This Bull Market Only Halfway Over? https://www.carsongroup.com/insights/blog/is-this-bull-market-only-halfway-over/ ....."Only once did a bull market get this far and not get to at least its fifth birthday, with the average length more than seven years. In other words, wouldn’t it be something if this bull market were only halfway over? Yes, this sounds crazy, but we’d only say be open to this as a possibility.".....
YES.....we see this all the time with fund managers and others like....MR A-HOLE. You make one good call.....and you ride the reputation you get from that call for decades. Even if your record is HORRIFIC in the following decades. Please, Stop Chasing Fund Performance https://behaviouralinvestment.com/2026/06/02/please-stop-chasing-fund-performance/ ....."What matters is the depressingly repetitive pattern of fund managers being lauded as geniuses after a spell of strong returns and dismissed as frauds when gravity brings those returns back to earth. This dramatic shift in sentiment is symptomatic of how most active fund investing works, and it is an almost sure path to failure."......
ELON once again....correctly in my view....does his own thing announcing the price of the SpaceX IPO BEFORE the close of the road-show. SpaceX Said to Target $75 Billion in IPO at $135 Per Share https://finance.yahoo.com/markets/stocks/articles/spacex-seeks-135-share-75-015553054.html
YES......there is NOT going to be a recession...any time soon. I will .....IGNORE all the MEDIA BS to the contrary. Private employers added 122,000 roles in May https://finance.yahoo.com/economy/article/private-employers-added-122000-roles-in-may-122103393.html
The USUAL irrelevant......to me....causes of the market drop today......as BIG CAP companies continue to BOOM in their actual business operations. Dow falls 300 points as oil prices and bond yields creep higher https://www.cnbc.com/2026/06/02/stock-market-today-live-updates.html
Once again....HEY....I thought the consumers were NOT buying anymore? Macy’s posts strongest Q1 growth in four years, raises guidance despite consumer worries https://www.cnbc.com/2026/06/03/macys-m-earnings-q1-2026.html Of course the MEDIA has to put that last part into the headline.....about MADE UP....consumer worries. In my day to day....real life...I am seeing NOTHING in terms of consumer distress happening.
WOW.......the financial MEDIA now simply.....SUCKS. Constant fear-mongering and negativity. On a typical day EVERYTHING is political or generalized opinion BS. It is RARE to see much of anything about actual....BUSINESS....unless it is somehow NEGATIVE. It is all one HUGE rush for clicks by the MEDIA. The short term traders and AI trading platforms.....legal market manipulators.....LOVE IT. As to the actual markets....it is a HUGE DISASTER. It is causing the markets to DISCONNECT from actual business fundamentals. The down market yesterday and today is a perfect example of the impact of this MEDIA behavior in action. As I mentioned above....BUSINESS IS BOOMING....but you wold never know it from the general financial media content. Add in the....non-financial media......and it is constant INSANITY. NO wonder people are ALWAYS on edge now. As for me....I IGNORE it all......as I RIDE THE WAVE....while repeating my meditation mantra to myself....."Om Om Om Om Om Om Om". I become......ONE.....with the wave, the sky, the water, and the air around me......."Om Om Om Om Om Om Om".
CAUTION.....there are some HUGE IPO's coming up this year. I am not saying to avoid them....that is a personal decision.......but....do your reading. Understand the risks and dangers as well as the potential rewards. DEEP DUE DILIGENCE......is required. AVOID...emotion and euphoria. AND....have a plan..... if you do participate. When IPOs go wrong: SpaceX, AI firms face a delicate process https://www.reuters.com/legal/trans...ex-ai-firms-face-delicate-process-2026-06-03/ I will....NOT, NOT, NOT....push any IPO on here...one way or the other. I have pledged to post any investment moves on here..... when I make them. BUT.......I will NOT.....post any plans to participate or not participate in ANY IPO. I will ONLY mention it after the fact. This thread is NOT INTENDED AS INVESTMENT ADVICE. AND....when it comes to the BIG IPO's that are coming up....I do not want to influence anyone else.
So far it is a......VERY DISMAL.....day for the stocks that I hold. My traditional BIG CAP TECH names are getting killed today. I have a single GREEN stock....COST.
Since there have been quite a few posts about SpaceX and its upcoming debut, here is the SEC filing for anyone interested in it. It is long, like 36+ pages. However, it really gets into the numbers and information provided. Might be of interest to those doing research. I have zero plans for any, but others may. As with all things IPO related....caveat emptor... https://www.sec.gov/Archives/edgar/data/1181412/000162828026036936/spaceexplorationtechnologi.htm
Looks like the markets are having a little pity party today. The reason....as with any day, pick the narrative and media headline that suits you. It's one day in a long journey.
AMD is crushing it this year. It's my only stock in the green today. Tomorrow is NVDA ex-dividend date with a payout on Jun 26th so it will be nice to getting something fairly substantial each quarter.
I think I have figured out the kryptonite with NVDA lately. Cathie Wood sold AMD and bought NVDA. No wonder everyone started buying AMD.
Actually doing the opposite of Cathie Wood would probably beat out 99% of hedge fund managers. I would say I can't believe people still invest in her but then again people still think Michael Burry is relevant as well... I'm beginning to think we are holding WXYZ back here on this small platform of long term investors. He really needs to be out in the spotlight. Our personal and financial greed is acting like an unescapable cocoon keeping WXYZ a reclusive caterpillar and preventing him from being the rockstar butterfly he is destine to be.
Out in the spotlight is NOT something I have any interest in. AND...I had a LARGE loss today in my stocks...one of the largest in a lng time. Plus a beat by the SP500 of my stocks today by....1.87%. Luckily I missed most of the day in the studio.
I agree with this: The Stock Market May Soon Regret the End of Earnings Season https://www.barrons.com/articles/th...the-end-of-earnings-season-96e8d83f?st=cdxeqB ....."Now stocks are entering a limbo period—the gap between the end of one earnings season and the beginning of the next. They’ll need other catalysts to keep rising.".....
