OK.....TRADE DONE. In fact....I splurged and bought TWO.....YES.....TWO......shares of PLTR and two shares of NVDA. FIRE-SALE prices. My plan is to continue doing this each month as a monthly bill. I am doing my part to save the markets.....but....on a tiny scale. WTF.....after my big purchases above I did not see any impact on the stock price of either. Here I am trying to be a good guy and boost the markets by buying something......and the markets did not care......WOE IS ME.
I anticipate that when I am able to invest a good chunk of money later this year....hopefully about $15,000.....I will put it ALL in the SP500 Index. At this point I have plenty of single stock exposure with my nine stocks having grown to just over 70% of the total value of my portfolio.
I dont have a lot of TOLERANCE for short term market IDIOCY lately. SO.....for now that is it for me. It is a waste of time to watch anything to do with the markets today.
Of course I lied.....I have to point out a nice little unnoticed and ignored story today. 10-year Treasury yield backs up after hitting lowest level since December https://www.cnbc.com/2025/02/27/us-treasury-yields-investors-await-more-economic-data-.html The ten year yield is at......4.285%....right not. VERY GOOD.
Some posts back there was a bit about the different generations and retirement accounts. I briefly noted some of the studies about some of the statistics and how most folks are just staying steady at doing their own thing. I read another, I think by Fidelity recently, which showed their 401k millionaires hit another high in 2024 by jumping 27%. Contributions were up, saving was up, and looks like most just kept swinging. Of course, a nice market for the past couple of years has helped. Despite all of the noise, those with a plan continue to secure their financial futures. It is important to point out this did not occur overnight. It also occurred throughout other times that were not so pleasant. It is a journey filled with peaks and valleys. It always has been.
8.5% loss for the day. Down 10.5% year to date... pretty amazing. I'm getting 2018 vibes from 2025! I guess you have to take the bad with the good even if it's completely unjustified!
The problem is there is really NOTHING to justify any of this market for most of this year. It is not a bear market, it is not a recession, it is not an earnings collapse, we got some rate cuts, inflation is actually "normal", treasury rates are going down. That is the problem with what we are seeing now.......and...it is not just a day or two.......it now seems to be the new....short to medium term.... normal.
I was RED today.....my single green stock.....my new holding WMT. I got beat by the SP500 today by 2.76%. NVDA....after a HUGE beat and massive guidance.....down by 8.5%......PLTR down by 5%....and most of the other b ig cap iconic stocks down by 1-3% today.
AND....every single explanation for what the market did today.....is simply hindsight in action. No one has a clue.
Actually I guess there is simply ZERO explanation for the short term. Time to go into.....turtle mode. Just draw into your long term investor shell and refuse to see the short term. When we come out of this little....bad patch....it will not even be visible as a dot on a long term chart of the SP500. Too bad we squandered an entire earnings reporting season this quarter. Moving on to next quarter and what will probably be as good or better earnings for the markets in general. MOVING ON.
Good news for me. Costco announces 9 new stores opening in 2025, starting with 6 in March 6 of 9 Costco locations opening in the US by March 15 https://www.foxbusiness.com/economy/costco-announces-9-new-stores-opening-2025-starting-6-march "We continue to project 29 openings during fiscal year '25, of which three will be relocations and so 26 net new buildings," Costco CEO and President Ron Vachris said in a December 2024 earnings call. "Ten of those warehouses will be outside of the U.S."
