RANDOM COMMENTS. I just saw this headline....top of the page.... on a big financial site. "ABSOLUTE BLOODBATH" NO...not the markets....The Washington post. https://finance.yahoo.com/news/washington-post-undergoing-significant-layoffs-140939197.html As to the markets I like this little comment: "We are now in an environment where the sector isn't just guilty until proven innocent but is now being sentenced before trial," J.P. Morgan analyst Toby Ogg said. US software stocks hit by Anthropic wake-up call on AI disruption https://finance.yahoo.com/news/us-software-stocks-hit-anthropic-154249835.html LOL.....in the end....WHO CARES. The sky is blue and it is a nice 60's degree day here in Central Texas. And....I will soon be heading out to lunch. Meanwhile the markets are....."out to lunch"....today.
Any time there is a big negative event....you can be sure who is behind it....our good friends. Hedge funds made $24 billion shorting software stocks so far in 2026 — And they are increasing the bet https://www.cnbc.com/2026/02/04/hed...-in-2026-and-they-are-increasing-the-bet.html WOW.....who would have known. YEAH....basically about the same as always. We are in the middle of a HUGE SHORT ATTACK.....even big companies like MSFT, NVDA, and PLTR.
Bitcoin at a little over $73,000. How is that for being called a "market hedge" for many years. I think it is pretty much screwed now that the "prediction markets" are drawing a lot of people away...... that want to invest in invisible assets that have no value. BUT....I did think that we would see much higher gold and silver with this market drop in tech and software. So far the gains have been moderate.
A big......and anticipated...loss for me today. I at least had three green stocks to help a bit....COST, MSFT, and AAPL. I got hammered by the SP500 today by 1.92%....as expected. BUMMER for me.
Info dribbling in from GOOGL. Google parent Alphabet forecasts sharp surge in 2026 capital spending https://finance.yahoo.com/news/google-parent-alphabet-forecasts-sharp-210559455.html
MORE GOOGL info. Google beats on revenue, projects significant AI spending increase https://www.cnbc.com/2026/02/04/alphabet-googl-q4-2025-earnings.html EARNINGS and REVENUE......strong BEATS. EPS: $2.82 vs. $2.63 estimated Revenue: $113.83 billion vs. $111.43 billion estimated Google Cloud: $17.66 billion vs. $16.18 billion. YouTube advertising: $11.38 billion vs. $11.84 billion. Traffic acquisition costs: $16.59 billion vs. $16.20 billion. A good bunch of BEATS above with the exception of YouTube advertising. ALL in all....a very nice BEAT. Those are HUGE beats in Cloud and Revenue and EPS above. BUT.....with the anticipated higher AI spending.....we will no doubt be PUNISHED tomorrow. Let the blood flow. AND.....yes....after hours down by $6.06 or 1.82%. The IDIOCY continues as usual........yes, earnings BEATS.........no longer matter or are relevant to the markets anymore.
Funny how all the arm-chair experts in the media and elsewhere LOVE to second guess CAP EX spending on AI from all these different big tech companies. It is amazing how all the executives and managers at all these big cap tech companies apparently dont know what they are doing by spending all this money on AI....according to the MORONS and/or the MEDIA. No doubt in about 6-12 months.....we will be seeing MEDIA critique of all the big tech companies for....not spending enough on AI. the current story-line will be forgotten....as usual.
Ok...now that we got that one out of the way....we move on to AMZN tomorrow. After that all that will be left is NVDA on February 25. At that point we can bask in the glow and stupidity....of yet another reporting season where big tech earnings BEATS.....were meaningless. There is always some reason or excuse to sell off and ignore big tech earnings. It is called: SQUANDERING SHAREHOLDER VALUE.
As you can see from the above....I really have lost interest in earnings. I cant say that I care anymore. I am just having fun with all the negative reaction at this point. I am beyond having any positive expectations for positive earnings to mean anything. May as well have fun with it all....there is no need to torture yourself. It has been many years...at least 2-4 years....of this IDIOCY regarding earnings and big tech as well as other companies. Oh well.....ONWARD AND UPWARD......TO INFINITY AND BEYOND.
