MILD gains so far today in the indexes. The FED....you have got to be kidding.....there is ZERO chance they will do anything. AND probably ZERO chance they will do anything one way or the other....for MONTHS. They will sit and let everything settle out. Dow rises to record as oil ticks higher, traders await Fed rate decision https://www.cnbc.com/2026/06/16/stock-market-today-live-updates.html
Here is a nice......pretty comprehensive....view and discussion of PLTR. Palantir Stock Is Down Nearly 30% in 2026. Here’s What It Will Take to Turn Around. https://finance.yahoo.com/markets/stocks/articles/palantir-stock-down-nearly-30-200136464.html
BIG CAP TECH....today....forget about it. So far, not doing well. Although PLTR above....is one exception in my portfolio...being green at this moment. NOW....that the immediate DRAMA of the SPCX IPO is over and the IRAN deal is into the usual MEDIA proctology exam....we are trying to go back to the DULL and directionless market. As happens in any market vacuum time span....the MEDIA is ramping up the NEGATIVITY today. Even though we are currently still green in the averages I EXPECT a RED close today. In fact I see that the NASDAQ just turned red.
I am basing the above RED close prediction....just on the tone of what i am seeing in the MEDIA today. Of course I would.....NEVER, NEVER, NEVER,.....invest based on this sort of off the cuff....."guess". This is long term investor....games.....for short term entertainment.
The market SEEMS to be turning down, but not much at all, evidently it doesn't like long speeches...... Anybody take me up on the FED decision ? Kalshi says 98% to 99% fed keeping rates the same. Boring day ......... Micron is up about 4% BUT GOOGL is down 2.50% Net result , they cancel each other out in my accounts.
A while ago, I mentioned I can no longer value some companies. It turns out, I also can't value the market as accurately as I used to. So, how frothy is the market? That will depend on things which aren't knowable. The SpaceX present value is ridiculously over valued. But, how about future value? I had previously applied a future value on SpaceX of 0 to infinity. Let's have a closer look. If SpaceX can deliver on the dream of 1TW of AI surveillance, nanny state, and relentless cyber attacks circling the globe, that will save about $400B of annual power cost. Solar produces comfortably 10x more power in orbit than on earth so its the ultimate solar conversion and power production contract. If SpaceX can manage it, it would make them the largest power production company in the world by a vast margin.
YEP....it is reality time on DAY THREE for SPCX. Now it will simply trade up and down like everything else. The MANIA is over. IMAGINE....the ZERO SUM fools and ELON with his trillion net worth. He took that money away from other people.......OMG. Well.....NO.....I dont buy any of the ZERO SUM BS in the markets.
Lets hope this actually happens......the elimination of FED forward guidance and the ridiculous dot BS. Fed 'dot plot': Almost half of FOMC members project at least one rate hike this year https://finance.yahoo.com/economy/p...-least-one-rate-hike-this-year-183645064.html This is exactly how it should be: ....."Warsh has signaled he is looking to limit or phase out this quarterly exercise in forward guidance. "I don't believe in forward guidance," he told lawmakers during his confirmation. "The Fed tells the whole world what their dots are going to be, what their forecasts are going to be [and] then they hold on to those forecasts longer than they should.""...... I sure HOPE SO. The FED should NOT be a huge media topic. They should just do their job in an orderly and boring fashion.
I agree completely. Chairman Warsh drastically alters Fed rate statement. Here’s what’s changed https://www.cnbc.com/2026/06/17/june-fed-meeting-redline.html Just the facts.....please. We dont need these MORONS giving us crystal ball BS.
HERE is the problem with the current CRYSTAL BALL BS at the FED. The media reads a load of BS into it and the markets pay the price. Dow tumbles 600 points after rates jump as Fed officials signal possible hike this year https://www.cnbc.com/2026/06/16/stock-market-today-live-updates.html NO......"the FED"......did NOT signal any sort of rate hike later this year. CUE the headline AI TRADING PROGRAMS.....thanks to this made up MEDIA BS.
I'm 66yo, I have never taken a single dollar from my accounts , exception to fund other accounts, Mine or my daughters ROTH's , help my daughters to them get started in investing , I gave them either 10 or 100 shares of ETRADE way back when (I actually printed up little certificates for them, and gave them for Christmas gifts, ETRADE did good , they had a grub-steak, and my wife's accounts, Roth's and taxable etc. Even when I purchased Real Estate, I made it work without tapping into my stock portfolio. with my recent operation, I realize, I am NOT invincible. It's time...... Time to start enjoying life a little bit, and spend some money that I NEVER would have back in the day. I have owned trucks all my life, 50 years in construction and I had 5 trucks, 1969 GMC 1500 (123,000m), 1977 Toyota Hilux LB 5 speed (301Kmiles) , 1982 FORD F-250 Explorer (168Kmiles), 2003 Dodge Ram HEMI 1500(257K miles) and my present rig, 2003 Doidge RAM 3500 Cummins 500hp 259K miles so far, and just one at a time, the exception, my 1968 Camaro 396 SS factory 4 speed car. all original with the exception of the REAL 4 into 1 Hooker Header Sidepipes. It got stolen, and I rolled the money ($12,500) intro a duplex back in 1988, the Duplex is now worth about $800,000. I have done MOST of the maintenance of my properties myself, for the last 40 some odd years. I did the cleaning when a tenant moved out (With a lot of help from my wife). I have also always done 90% of the maintenance and repairs on all my vehicles. I made sure ALL my daughters attended the Schools that they wanted, and continue to fund them in their pursuit of knowledge, 3 college grads, and all 3 are back in school, either grad school, or the youngest is doing a certificate program in Paralegal. You pick up what I'm putting down here ......It's time....... It's time ...... I have absolutely no guilt in starting to spend my money. Besides my daughters are taken care of, generation skipping trusts, I honestly don't understand why they call them TRUST's , because that's exactly what they don't do !! They DON'T trust you with the money !! That upset me 35 years ago, then I said to myself "nobody's dying anytime soon, so better go take care of your family" asshole !! Well enough of that BS , I'm going with the market didn't like what Warsh had to say. OUCH ! I just looked again, DOWN 1.28% , crap they really didn't like what he had to say.........still have another 5 minutes to lose even more money ........HA That's life "One minute your the FIRE, the next your the PAN"
I will not WASTE the skin on my finger tips even typing anything about the WASTE of a market today....after the MEDIA got hold of the FED. I will say....I ended the day with a big loss in ALL my stocks. All stocks, all funds, and everything in my entire portfolio RED today. And a loss to thee SP500 by my stocks today by...0.85%. We are right back into the NEGATIVE pattern that we have been in since June started.
You did well OldManRam......let go of some of that money and treat yourself once in a while. I know you bought that YACHT a while back. The good news.....tomorrow is the last market day this week.
YES , that was for me, but at the time I told myself it was for the entire family. I am not going to kid myself anymore , it's time, Like I said, I can now do so without any reservations. Isn't that what we do this for ? Isn't going without for so long, for you to feel justified in your,.... whatever you want I just still feel a little guilty, but, I'm assuming about 10 minutes in that AMG GT will cure that The markets , who cares , I'm up 20.60% YTD And to quote my 95yo dad , that makes my sacrifices look miniscule. "Sometimes it's better to be LUCKY than GOOD"
Here's a perspective on corporate and market froth. I've written I have lost my ability to value some companies. Perhaps this has always been the case but it seems like a whole lot more companies are doing crazy stuff with a slim chance of success, lately. Some of that translates to the S&P 500 index. How frothy is it? I'm not sure. A lot of companies seem wildly over-valued. Where should they be valued? I'm not sure. I would imagine a small percentage of them can grow into their valuations. ***** How about SpaceX. Let's add some detail to my previous "0 to infinity" future value comment. If SpaceX can get 1TW of AI data centers into LEO, what would that look like? Data Centers pay between $0.025 and $0.085 per KWh of power. 1TW of servers (with cooling) at 4 cents per KiloWatt would come to over $500B of power cost per year. Tesla will be billing that plus amortized hardware cost, just like any DC. In Space, cooling is limited but there is no active way to reject heat so it will be free. That will be SpaceX advantage, not the companies who contract DC services. Building a 1TW solar farm will cost about $1T. There is also the cost of hurling it into space. Build out costs money and will have carrying costs until the load can be shifted to the customer base. The good news is it will be built in 150KW increments. A top spec Rubin nVidia AI rack (NVL72) comes in around $9M. The typical Typical NVL72 with current generation is roughly $3M. Surely, Elon can get a discount. Speaking of discounts, if each satellite is home to 150KW of AI, getting to 1TW will require 6.7M satellites. That's a lot of satellites. Assuming 60 AI data centers per launch (same quantity as Starlink v3 satellites... the hardware is extremely similar), That would take 110,000 Starship launches to hoist that amount of solar AI surveilance/hacking/and privacy eliminating hardware into space. At 4 fully loaded Starship flights per day, it would take over 76 years to hurl that humanity ruining shit into low earth orbit. I would think the IPO price needs to be a 10 year future valuation, at most. The proposed AI jail will require 31 launches per day for a decade. Does SpaceX still seem like a slam dunk to grow into their 2T future valuation? If there's enough inflation, 2T might be cheap. Without inflation, 2T is an extreme long shot.
YES.....it just happened about 45 minutes ago. BUT....in classic fashion I see one media source saying.....HE SIGNED.....but.....what about all the questions that remain. STFU. Trump personally signs Iran deal at Versailles in major diplomatic breakthrough https://www.foxnews.com/live-news/iran-war-news-trump-deal-strait-hormuz-oil-prices-june-17 ......."I am honoured to announce that the historic ‘Islamabad Memorandum of Understanding’ has been electronically signed today between the United States of America and the Islamic Republic of Iran. The Memorandum has been signed by honourable Presidents of both the countries and also endorsed by me as the mediator."....
I dont personally care about all the politics of the above......at least on here. What I care about is the market and business impact of a deal getting done and the impact on the price of oil and the related impact on the price of goods, services, and our economy. We are about to open the markets with VERY STRONG futures. It will be interesting to see if those futures translate into REALITY.......sometimes they do and sometimes they dont.
OK.....I have been making a whole bunch of trades.....so I have been too busy to watch the markets so far today. FIRST....I added a FULL POSITION of MU to my two primary accounts. I made a bunch of SMALL trades in those accounts...by going through each holding and selling any shares or fractional shares that had a loss...so no capital gain. SCRAPING some money off the current stocks in TINY trades. I than added to those proceeds....to purchase a full size position in MU....in each account. Amazingly when it was all done.......I have a nice gain....a bit over 1%....in the new MU shares. So I am NOW up to 9 stocks in the stock portion of my portfolio. the two most recent ones being....SPCX and MU.
