I did hear earlier in the day....on TV.... that NVDA is down today because of Blackwell once again being doubted. BS....BS. I see NOTHING in the news at all on this issue that is negative. In fact all the news that I see is that Blackwell will ship in December as planned. Here is an example: "We weren't aware of the specific timelines until now, as analyst Tim Culpan has revealed what's going on behind the scenes. Mass production, from module to system assembly, will be in full swing with significant shipments by early December, sources tell me. Both Ariel boards (1x Grace, 1x Blackwell) and Bianca boards (1x Grace, 2x Blackwell) will be ready". https://wccftech.com/nvidia-blackwell-gb200-ai-servers-ready-mass-deployment-december/ MY COMMENT As I said I see ZERO sources....credible or otherwise.....in the news with negative information today. TRADER BS happening.
Ok....I closed in the RED today with my nine stocks. I also got beat by the SP500 by 1.09% today. At least we are now done with the last full week of September....we move onto October next week and the final three months of the year. We will also close out the third quarter on Monday of next week and will soon be in the thick of third quarter earnings.
Here is how things went this week. DOW year to date +12.19% DOW five days +0.60% SP500 year to date +20.99% WP500 five days +0.46% NASDAQ 100 year to date +20.91% NASDAQ 100 five days +0.79% NASDAQ year to date +22.71% NASDAQ five days +0.69% RUSSELL year to date +10.57% RUSSELL five days (-0.24%) So.....ALL the big averages ended the week with a gain....and....all are set up very nicely to end the year in three months with gains WELL above historic averages. Seeing the markets today i was afraid that I would end the week with a LOSS. But....thinking about the week I decided that was unlikely. AND....I did end the week with a net gain for the week. As of the close today my year to date for my entire account is.....+52.77%. Last Friday I was at....+51.44%. So, I guess I cant really complain about my loss today.
WELL....with my year to date gain over 50% and with all the big averages over 20%....except for the DOW (see above)....the market gods are going to have a hard time knocking us down much this year with only three months to go. I could see a nasty correction hitting us for 15% or so....but we would still end the year with hefty gains for the year. AND....I believe that the odds of a 15% correction before year end are......slight.....with the FED in rate cut mode. HERE is how the markets did this week: Dow jumps 100 points to close at a record, major averages extend rally to third week https://www.cnbc.com/2024/09/26/stock-market-today-live-updates.html
