It is about time for the last 30 minutes of the market day....come-back...to happen. There are certainly a lot of BARGAINS out there for people that are long term thinkers.
My account was very stable today. Two stocks GREEN all day long....COST and PLTR. They helped me to cut my loss today. But I still ended with a small....big loss. I also lost out to the SP500 today by 0.13%. Moving on to GOOGL earnings day tomorrow after the bell.
Here is a perfect example of the IDIOCY that will some day spread longer term and destroy the markets. It is bad enough that this kind of.....BS....has totally infected the short term and destroyed earnings.....short and medium term. AMD shares drop as forecast comes up short of some expectations https://www.cnbc.com/2026/02/03/amd-earnings-report-q4-2025.html So here we have a company that reports a good earnings BEAT.....and...in addition puts out a stronger than expected guidance. BUT......some....yes "some"....analysts were looking for stronger guidance. So what happens....that BS.....destroys the earnings. So.....the stock fell 8% after hours and WILL be punished tomorrow....for having a great earnings BEAT. ALL...because some MORON who is an analyst....pretends to know more than management of the company and thinks that the guidance......WHICH WAS STRONGER THAN EXPECTED......was not good enough. This CRAP is way out of control. We now have these...."analysts"...wielding enough power to totally wash out a great earnings BEAT and tank the stock by 8%. In my view there is NO analyst that does not have a big BIAS and an ax to grind.....they all work for someone in the financial or investing industry. This kind of GARBAGE driving stocks significantly down and causing a good earnings BEAT to be ignored......in my view....is borderline manipulation, even if legal....or....at least raises a significant possibility of manipulation. AND....no....I have no bias since I dont own this stock. It is very sad to see us on track to wipe out the earnings BEATS that we are being given by various companies based on nit-picking IDIOCY.
One more example of market killing behavior....ALL....from the media and others. A typical.....ANONYMOUS SOURCE....trash article. Nvidia AI chip sales to China stalled by US security review, FT reports https://finance.yahoo.com/news/nvidia-ai-chip-sales-china-032447999.html We see this sort of BS being put up on NVDA every day. And like the last one over the past few days....on the OpenAI investment......they have the power to and DO drive the stock down.
WELL......PLTR....got to enjoy their BIG earning BEAT.....for one day. Although the gains were MUTED for even that one day. BUT now we are back to the IDIOCY of the markets. As usual the stock is being severely PUNISHED for......a great earnings report. It has now lost all the gains that the one day celebration of earnings generated.....plus more. You know I was thinking earlier today.....it is like we have returned to the early market days....in the 1900 to 1930 era......when blatant manipulation was being done by owners and investors. BUT now......that manipulation is led by the MEDIA. The SEC and government did much to stop the old time stock market manipulation by regulation and laws. NOW.....all of those decades of reforms are out the window as the MEDIA manipulates the markets and individual stocks daily. And there is nothing that cdan be done since they hide under the label of....JOURNALISM. It is just a SHAME to see the markets slowly being destroyed......as even GREAT EARNINGS are manipulated......by shameless click-bait......pretending to be journalism.
We are apparently determined to have a CORRECTION. Many stocks are already there. If we continue on the current short term path we will see a very nasty correction take hold over the next few months. The REAL issue....will be be able to avoid a little BEAR MARKET.....in the middle of the current BULL MARKET. I have no doubt that the BULL MARKET is alive and well and there is still MUCH that will happen over the next year or two with taxes, a new FED, and other issues that are VERY positive. BUT.......we must be punished.....for now. The SAD short term world of a long term investor. I will sit through it all as usual. BUT many people will not be able to take the drip, drip, drip.....as the pain ramps up.....if we continue the current short term path. AND.....dont even get me started on the so called....."prediction markets". NOTHING but gambling.....using the language of investing. Unfortunately investing sites and financial companies are jumping all over it. Another potential nail in coffin of the actual markets and REAL investing. We will know we have devolved into CRAZY TOWN....when we see actual CASINOS...calling themselves "Prediction Markets". They may as well. They can even market trips to Los Vegas......as investing junkets.
So.....moving on. A case for simplifying monetary policy. Not particularly investment related....but I like it. Simplify, simplify, simplify How my approach diverges from the mainstream https://scottsumner.substack.com/p/simplify-simplify-simplify
YES....I like this little article. 1.7 Billion Customers Apple reached a new milestone https://asymco.com/2026/02/02/1-7-billion-customers/
Another HIT-PIECE today. Why the AI-driven software stock crash probably isn't over https://finance.yahoo.com/news/why-...stock-crash-probably-isnt-over-125809330.html At least they were HONEST and labeled this piece as......"OPINION". BUT...no doubt it will be taken as FACT by many and will of course help drive the day to day AI TRADING PLATFORMS that trade news content and headlines.
I am surprised that the current market action is not driving gold and silver quickly back to their all time highs.
Here is the markets so far today. S&P 500 is little changed amid lingering tech pressure, weak jobs data https://www.cnbc.com/2026/02/03/stock-market-today-live-updates.html
The economic news of the day......and....a good indication that the FED is blowing it as they sit in the middle of their little HISSY-FIT....and refuse to consider any rate cuts till POWELL is gone. Private payrolls rose by just 22,000 in January, far short of expectations, ADP says https://www.cnbc.com/2026/02/04/adp-jobs-report-january-2026.html
WOW....what a DOUR day and week. Actually the whole of year 2026 to date. Plus we have TOTALLY squandered many quarters of great earnings. We are seeing the greatest companies in the world trashed in the markets day after day. The BIG DANGER......the siren call of market timing.......or.......giving in to panic and fear and selling out of the markets. We are talking about the RETIREMENT funds of real people and their LIFE SAVINGS. We are seeing a negative snowballing market....that seems to be picking up negative steam. The markets and the MEDIA are creating a VICIOUS CIRCLE of negativity and losses. If or when this continues to escalate....the pressure will become extreme to.....BAIL OUT OF THE MARKETS. This is GUT CHECK time. Are you really a long term investor? Is your portfolio really in line with your risk tolerance? Over the past 55+ years I have gone through the most EXTREME market conditions and BEAR MARKETS you can imagine. No matter how bad it got....in hindsight....the correct move turned out to DO NOTHING. This is why I try to ONLY invest in the cream of the crop. The largest and greatest companies in the world. Even when the markets refuse to recognize it...those companies have the ability to not only thrive in bad investing times....but actually grow and make very good money. This is also why I keep a good percentage of my account in the good old....SP500. The broad index helps to balance out some of my very specific stock risk. Today is a good example of this when you look at my stocks versus the SP500. Just remember......beware EMOTION. Beware the call of MARKET TIMING. Beware PANIC and FEAR and that nagging feeling in your brain....pushing you to just.....DO SOMETHING. I just look at it as......I have no loss....because I have not sold anything and locked a loss in. I have many years of investing ahead of me and this little DIP will not even be recognizable on a long term chart in 2 or 5 or 10 years. BOTTOM LINE.....everyone MUST do what is right for themselves and their money and family. For me....that means simply holding on and doing....NOTHING.
In REALITY...there is absolutely NOTHING going on today. There is NOTHING significant in the financial or investing news. There is NOTHING to support the recent trashing of earnings and companies. So there is NOTHING to post on here. So I say......"F" the markets......"F" the financial MEDIA......and...."F" the short term. LOL.....I see one piece of "premium content" with a headline that ........"There is nowhere to hide...it is a....morass of Gloom". I REFUSE to participate in the pity party. "F" them all....I am not going to sell anything. In fact as a long term investor...if I had a big chunk of money...I would be buying into the current drop......day by day and week by week. I refuse to accept what they are PUSHING on people and the markets.
Here is my day right now. COST..............+0.87% MSFT..............+1.28% AAPL..............+2.64% PLTR...............(-10.91%) NVDA..............(-2.69%) AMZN..............(-0.61%) GOOGL.............(-1.76%)
I like this little article....even though I dont own the stock. When I put this article and headline up next to AMD stock today......(-16.06%) in a single day.....it is a classic view of where we are right now in the markets. This is the REALITY that the markets REFUSE to see. It is like a REVERSE of the old......Emperors Cloths..... story. But in this case the Emperor is ACTUALLY fully clothed in layers of amazing and glorious couture......but everyone (the markets) thinks....or is acting like..... he is naked. AMD’s Lisa Su says demand for advanced chips is still accelerating, as stock plummets 15% https://www.cnbc.com/2026/02/04/amd-lisa-su-ai-demand-guidance-earnings.html
Where the markets are right now. NASDAQ 1 day.............(-1.70%) 5 day.............(-4.08%) 1 month.........(-2.29%) 6 month.........+8.58% 1 year............+16.31% 5 year............+64.97% SP500 1 day..............(-0.54%) 5 day..............(-1.39%) 1 month..........(-0.31%) 6 month..........+8.70% 1 year.............+13.96% 5 year.............+77.02%
I think the market is responding rationally to nVidia. You won't read that from me very often. I think the market is largely driven by morons. Don't sweat it. Jensen will weave a web of lies and the market will fall for it again and again. No problem. I'm pretty confident nVidia will achieve a new high this year. When they do, I will sell more put contracts because I see rough water ahead for nVidia. Meanwhile, AMD is all in on AI. I like AMD a lot but I won't own AMD due to the myopic view of an AI future. It could be the correct view but Lisa Su is taking a risk I don't want to backstop. The CPU/GPU world has been dominated by innovation and iteration to justify pricing. We're getting to the point, people are questioning 2x price increases by ASML. 20% clock gain would be really nice but at a cost of 2x it isn't worth it for many applications.
W, at least we are making some money with COST lately. It seems the stock likes to take the opposite direction of the whole markets
YES....Strathmore. That is why I like it in addition to being a GREAT company.......and....having a really good long term record.
