Apparently the markets dont care much either. We are solidly.......green in all the big averages to open today. Stocks rebound, fueled by chip stocks, but gains limited on new Trump Iran threat https://www.cnbc.com/2026/06/10/stock-market-today-live-updates.html My view as I somewhat said the other day....I consider the end of this conflict with IRAN and the end of the Ukraine War....as money in the bank. Both events will happen....it is just a matter of when. And when either one does happen....it will have the potential for a big market boost. I will not get into my personal or political views of either.
I like this little article....but I dont like what it is talking about.....in terms of my portfolio. 'Magnificent 7' stocks have lost $2 trillion so far this month, driving the S&P 500 decline https://finance.yahoo.com/markets/a...p-500-decline-chart-of-the-day-100000483.html
MY.....answer to the headline.....NOT MUCH. But right or wrong....does it matter if I just sit fully invested all the time? At least there is some semi-technical analysis in this little article. AMAZING to me that anyone can actually calculate odds of a BEAR MARKET.....especially just one or two months in the future. Here are the odds of bear markets in each stock index this summer https://www.cnbc.com/2026/06/11/her...-markets-in-each-stock-index-this-summer.html
I doubt that I am having a good day like the big averages. I have a couple of stocks green right now....COST and NVDA....otherwise....all red. I have not looked but I doubt I have a gain.
My big cap tech stocks appear to be LINGERING as they try to shake off the big down days we have had lately. At the same time they....ALL....in spite of various negative coverage and/or fear-mongering.....basically have a license to mint money. The cream of the crop of WORLD BUSINESS.
HERE is important information for anyone that is just starting out as an investor. My personal view....an ETF is the way to go for ownership of any of the big Indexes. It is nice to be able to trade the shares......and....a big Index Fund ETF will be more tax efficient compared to a traditional Mutual Fund. ETF assets are surging. Here's how they differ from mutual funds https://www.foxbusiness.com/markets/etf-assets-surging-heres-how-differ-from-mutual-funds
Of course the story that I am IGNORING...is the IMPENDING SpaceX IPO. The bean-counters and their computers are busy calculating and finalizing allocations today. The stock will open tomorrow morning...probably some time between about 9:30 AM to 11:AM CT. I am tired of all the media click-bait articles out there on this issue. I will be glad when we move on and it simply trades day to day like all stocks. BUT....it is going to be a very HIGH DRAMA year due to BIG IPO's. We will have to ENDURE....OpenAI and Anthropic...the big boys of the list.....as well as some others including....Databricks, Stripe, etc, etc, etc. BUT....it is a good thing to get these big companies....SpaceX, OpenAI, and Anthropic.....public. I see it as a POSITIVE that people will be able to own a piece of these businesses....if they choose.
So , am I just slow , this would be considered negative news , and what is the market doing , rebounding ? I give up ! This to me seams like the kind of news that should be impacting the market, the fed will have to contemplate higher rates. That should drive almost everything down, and these AI companies that are going to be adding on debt. Unless somebody knew these numbers in advance, like last Friday. What a rigged game Crap, now I sound like a conspiracy theorist.
"Ladies and gentlemen, we are currently experiencing some unexpected turbulence. For your own safety, we ask that all passengers return to their seats and keep your seat belts securely fastened."
And....speaking of IRAN.....the markets are now GREEN.....and even my little group of seven stocks is not cumulatively.....green for the day. Four up and three down....right now. I am still not anywhere near the gain of the SP500 today....but I will take a small profit over the earlier RED. Of course...now we have to hang on to the close.
LORI...you were asking about the...World Cup. I think this is probably about right here in the USA. Emerson Poll: 45% of Americans Not Interested in World Cup https://www.newsmax.com/us/emerson-poll-fifa-world-cup/2026/06/11/id/1259348/ ........"The poll found that 45% are not at all interested in the men's soccer tournament. Another 33% said they are somewhat interested, while just 22% said they are very interested."......
What a CRAZY day today. I was in the red most of the day....but closed with a nice solid MEDIUM gain in my stocks. five up and two down. I got beat by the SP500 today in my stocks by .....0.84%. Considering how I was doing earlier a very nice gain today.
Here are a couple of morsels. 1) Elon is aggressively selling the SpaceX orbiting data center platform. They offer multiple configurations with: nVidia GPUs, AMD GPUs, tensor, and SpaceX' own silicone (once it becomes available). He claims to be actively working on SpaceX AI silicon. Talk of early hardware are probably FPGA simulations but that might be an impressive step. 2) Elon has claimed Optimus will replace surgeons within three years. I'm going to file this under the endless stream of ridiculous Elon timelines but it does speak to his confidence in the dexterity of Optimus.
Now wait….he already promised we no longer needed to save anything for retirement, no more work, and we all can just sit around and marvel at all of what AI has done for us. I wonder, can we have these surgeries at our local hospital or will we be required to travel to Mars?
Considering all that went down today...... I came out smelling like a rose...... Kind of reminded of some football play where the guy looks like he lost 5 yards , runs to the other side of the field ... ow he's gonna lose 25 yards....runs back to the other side of the field , now he's 10 yards ahead , but no he reverses again for a touchdown !!! OVERALL a good day Up 2.55%
