The boiling frog analogy applies to many aspects of humanity. It's amazing what people can rationalize away even if it goes against their values and interests. I am not sure how correcting an improper use of tariffs (which would ultimately benefit all of the major AI stocks vs. now) would result in a market downturn. I would have figured the opposite as it has led to intense friction with China and reduced sales to them. Also, we are way past the moderates being taken seriously. The only thing people listen to are the insane fringes on either side. Those are the people who ruin any meaningful discussion and compromise trying to be had by the adults in either party. Based on what I am seeing, it's going to have to get a lot worse before the silent majority get angry enough to snuff out those idiots.
A big loss for me today....again. What a WASTE. Plus a loss to the SP500 today by...0.76%. Moving on to the endd ot the week tomorrow and the last week of a CRAPPY November on Monday. Good riddance.
Today was a blast! Started off with a cup of coffee and a sea of green! Then the world was like NO! NO!, we can't have that! This goes against the deep rooted meaning of the Perdition Market! While I don't think this is the bottom of this short term correction I did take advantage of the pull back to move a chunk of my 401k int a self directed retirement account and into individual stocks. At this time I'm leaving a chunk in the company 401k that will be solely S&P500 still.
I am very suspicious as to what triggered the BIG market drop yesterday. it was just too sudden and too perfectly timed to be random or normal market action. Something turned at about 10:30 my time. I assume it was some sort of massive AI Program trading move. So the AI rally was tanked by AI.......AI eating itself. It will never be known why the sudden drop.....but....that was not NORMAL market behavior.
I have to agree....of course.....with those that dont agree. I also dont agree that it was "Main Street" that did the drop yesterday. That sudden drop was NOT little retail or Main Street investors all acting in concert suddenly at about 11:30 ET. Wall Street doesn't agree with Main Street about Nvidia https://finance.yahoo.com/news/wall-street-doesnt-agree-with-main-street-about-nvidia-110044035.html
Yeah....stocks too. We started this little correction at the end of October.....and it has basically....so far....covered all of November. Bitcoin Heading for Worst Month Since Crypto Collapse of 2022 https://finance.yahoo.com/news/bitcoin-heading-worst-month-since-075033170.html
They have no clue. Although yesterday was Wall Street insiders.....traders, big banks, speculators, shorts, etc, etc.....it was not what you would see from the retail INVESTOR community. Traders Search for Clues Behind Biggest S&P Reversal Since April https://finance.yahoo.com/news/traders-search-clues-behind-biggest-100836998.html
HERE is a reflection of the little....retail investor. US equity funds attract fifth straight weekly inflow amid robust earnings results https://finance.yahoo.com/news/us-equity-funds-attract-fifth-131821441.html "In the most recent week, investors added $6.93 billion into large-cap funds, up sharply from the $2.38 billion in net purchases the prior week." The majority of the inflow was in the LARGE CAP area. This is where the big TECH companies rule. The little people are NOT fleeing big tech and AI.
"THEY".....all the Wall Street experts have no clue what was going on yesterday. One thing is certain....."they" caused whatever it was. I find it CRAZY that one thing mentioned here is that the NVDA earnings were basically.....too good. What on Earth just happened to the stock market? https://finance.yahoo.com/news/earth-just-happened-stock-market-124823848.html This is just TOO DUMB.....to be true: "Nvidia’s quarterly earnings were so blow-out investors began to fear that the world’s most valuable company and maker of the most precious commodity in tech – high-end AI chips – couldn’t possibly keep up this pace of growth for much longer." Something happened yesterday.....and no one has a clue why.
I cant believe the REAL markets care about a rate cut in December this much. There will be plenty of rate cuts to come...especially once the FED is done with POWELL. I basically see the rate cuts as IRRELEVANT to actual companies and business. Earnings have proven that over and over again. Stock futures rebound after Fed’s Williams revives December rate cut hopes https://www.cnbc.com/2025/11/20/stock-market-today-live-updates.html
"DESPITE SAYING"....blah, blah, blah. The reduction in head-count and need to innovate faster have ZERO connection to each other. They are both going to happen at the same time....as a function of each other. These are employee cuts DUE TO.....AI innovation. No mystery here at all. Amazon cut thousands of engineers in its record layoffs, despite saying it needs to innovate faster https://www.cnbc.com/2025/11/21/ama...neers-in-its-record-layoffs-filings-show.html I would not want to be a coder or engineer in the AI era....you better figure out a new career. "The company said it’s also shifting resources to invest more in artificial intelligence. The technology is already poised to reshape Amazon’s white-collar workforce, with Jassy predicting in June that its corporate head count will shrink in the coming years alongside efficiency gains from AI." Seems obvious to me what is going on.
I dont trust the futures or the open today. ALL that will matter is the close. In my view the MEDIA and the AI news trading platforms have taken over the short term. One feeds the other and around and around they..... and we.... go. It is a little self-sustaining-system for short term trading profits.
I wanted to get a head-start on the markets today. We will be taking a dog to the vet soon after the open....so I will be AWOL most of the morning and probably till after lunch. I am HAPPY to miss it all. It is frustrating to watch such STUPIDITY.
The....irrelevant....open today. Stocks rebound after Thursday’s AI rout as Fed’s Williams revives rate cut hopes https://www.cnbc.com/2025/11/20/stock-market-today-live-updates.html My current investing advice.....just go do something else....dont waste your time watching or paying any attention to the markets. They are BROKEN.....short term. Just let your portfolio do its own thing.....and you.....go do something else with your time. Watching the day to day markets is just a total waste of time.
I have to say it....just to rub it in....NVDA opens DOWN today by $2.04.....down over 1%. Have i ever said what will happen when the markets disconnect from fundamentals? Well we are there now in the short term. We have now seen earnings IGNORED and irrationally disrespected......for many quarters. A solution.....move to six month or ANNUAL reporting and quite wasting everyone's time with the quarterly build up and DRAMA.....to in the end...see that good earnings dont matter. Sorry....just fantasy...not going to happen.
Ok....off to the vet soon.....someone buy something....TireSmoke and I did our part over the past couple of days.
