Sure sounds educated to me. Undoubtedly NVDA will not be on top forever. History shows that time and time again. That's why a good investor is brand agnostic. If something better comes along, I will definitely take actions to jump ship. I'm just not seeing that yet. And with Jensen at the helm, NVDA will put up one hell of a fight to stay on top as long as it can. I totally believe that as AI gets more accurately trained, this will be an existential crisis for the workforce. I am not convinced there will be enough jobs to go around once AI really ramps up and cuts into the workforce. Those at the top had better start thinking about the ramifications of having a large population of un(der)employed people with nothing to do, no money to spend, and a lot of resentment. It is not a good outcome.
A MAJOR ANNOUNCEMENT....for the board....I have decided to cook the "CORN PUDDING"...mentioned in the food article above......for thanksgiving. I will do it...... on the day.....to make sure it is fresh. Although now I am debating if it is the type of food that is better if it sits a day.
Oh yes I forgot....the markets today. Not bad......or....pretty good....take your pick. I had a good strong...medium....gain in my seven stocks. I also got a beat on the SP500 by 0.10%. Only a half day to go for the week to be done.
This is an interesting thought above. For all of the giddiness and conjecture associated with the "AI environment", I wonder how many will still hold such excitement for it....if in fact the above occurs or is even more negatively impactful at a greater scale. Another way of putting it in investor related thoughts. All of the monetary benefits would essentially be wiped out over time. Unemployment would rise, spending would decline, company earnings likely would decline, and so on. All would have an effect on economic conditions. Wouldn't that be something? An innovation that initially brought great amounts of money to our stock portfolios....in the end would be responsible for wiping out most of it or casting us into a prolonged bear market that is nasty and deep. Maybe this is the ruin we are ignoring??.
Yes another good day in the market. Maybe this is the beginning march to years end to finish up nice and strong. I extend to each of you a Happy Thanksgiving here and even our friends abroad. I hope you are seated at a table with good food and surrounded by family/friends that make your life a better journey. Give THANKS for all of the blessings that have come your way and just take a moment to enjoy it all.
Happy Thanksgiving to all my online friends in the mighty US of A! I’ll be thinking of you all today, enjoying a merry old time eating, drinking and celebrating with friends and family, while I’m slaving away in the office — enjoy!
I was laying in bed this morning and for some reason was thinking about the HOLIDAY SHOPPING season this year. It will be VERY short. Between Thanksgiving and Christmas will only be......3.5 weeks. Extending the shopping season to New Years....makes it only about......4.5 weeks. EVERYTHING will be very compressed this year. SO.....as soon as the turkey and leftovers are packed up at the end of the day today.....YOU better get out there and start decorating and most importantly for the economy....SHOPPING.
I believe the above is partly the reason for this. Seasonal hiring offers little reprieve for labor market woes As layoff announcements mount and the unemployment rate creeps up, the usual holiday hiring spree appears muted this year. https://finance.yahoo.com/news/seas...reprieve-for-labor-market-woes-110044972.html
These JOB CUTS represent about......250,000 jobs......and a good portion of them are middle or other white collar jobs. A TINY DROP in the bucket....compared to what will come as a result of AI. As I was typing "drop in a bucket"....for some reason the CLASSIC movie FANTASIA popped into my mind. A perfect metaphor for AI and jobs. Mickey starts to conduct the mops and buckets and everything seems to be going well and than it all SPIRALS OUT OF CONTROL......and becomes a massive flood.......that he has no ability to control or stop. Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently https://finance.yahoo.com/news/layoffs-piling-raising-worker-anxiety-140614373.html
GEE....who would have known.....with the constant negativity we are force fed every day. Black Friday arrives with solid momentum despite tariffs and economic uncertainty https://finance.yahoo.com/news/black-friday-arrives-solid-momentum-054556629.html
AND....one last time.....HAPPY THANKSGIVING EVERYONE.....all of us on here have much to be thankful for. The markets gave us a gift this week. Stocks log fourth day of gains ahead of Thanksgiving as tech rebounds Actually......WE...... earned it with our behavior as long term investors. WE.....all DESERVE the gains that we will rack up this year. What we achieve is not a gift or a fluke.......WE.....achieved it by our conscious and intentional behavior. As you CELEBRATE today....TOAST YOURSELF....for what you have had the awareness to achieve. if you are a new investor....TOAST YOURSELF....for taking the early steps.
