At the same time: Broadcom's sell-off just entered megacap history https://finance.yahoo.com/markets/s...f-just-entered-megacap-history-163942663.html "Broadcom (AVGO) closed down 12.6% Thursday, erasing $280 billion in market value, putting it among the biggest single-stock wipeouts of the megacap era."......
Looks like SpaceX and other IPO's will not be joining the SP 500 anytime soon. They rejected the rule change requests. I guess money doesn't buy everything after all....LOL. I really don't mind them NOT changing the rule here. SpaceX IPO, Other Megacaps Won't Get S&P 500 Fast Track | Investor's Business Daily Elon Musk news: S&P 500 denies SpaceX IPO fast index entry
Hey guys, anyone here interested in the World Cup? Curious to hear if there is any excitement in the USA or elsewhere. International football (soccer ) is HUGE here in England, and when a World Cup comes around, it's a very big deal. We haven't won the World Cup since 1966. We are all desperate to change that! We have quite a few different nationalities in this little community who will be represented: USA, England, Canada, Portugal, Scotland... any others I've forgotten? Is the competition a big deal anywhere else, like it is here? The general view in England is that the USA has never been too bothered about soccer. Although that may be changing? Anyway, I'm very excited! These only come around once every four years. Come on, England!
Being a host country is a big deal. Soccer here in the US has actually gained quite a bit in popularity and participation over the past several years. Probably much more so in recent years. The collegiate level here has grown rapidly over time too. So, it has definitely seen an increase here. I know some co-workers who have some younger kids that participate regularly in the sport. One or two have even been offered a few scholarship opportunities. Of course, US Women's soccer here has been more notable in success than the men. They have won that title 6 or so years ago. The men...not a thing. It is a good opportunity and privilege to have the event here too! It is a huge deal though in many other places as you have mentioned. I know I have seen some of the scenes of matches elsewhere and thought....my goodness they are going bonkers over that game
LORI....smokie above is correct. Especially in the younger ages. But in the older ages....I dont see many people that care.
REALLY.....I get so tired of all the articles CRYING over poor GEN-Z. Most of the BS is the same "stuff" we were seeing said about the Millennials a few years ago. NOW....in our society....every young generation has to be VICTIMS. When things settle in for this and every generation to come.....they will ALL basically follow the SAME steps as the prior generations. Can We Please Stop Feeling Sorry for Gen Z? https://www.realclearmarkets.com/ar...ase_stop_feeling_sorry_for_gen_z_1185812.html "Generation Z will be the richest, most fortunate generation in the history of the richest, most fortunate nation in the world, the U.S. That is, until the generation that follows Gen Z reaches adulthood and beyond.".....
To continue the above theme. Guess what......just completing a college degree does not mean the world owes you ANYTHING. It is like I told my kids....the college degree is your......GOLDEN TICKET.....BUT......just to get in the door. Once you are in the door...it is up to YOU to build your future from there. College grads expect to earn $80,000 a year, but the math isn’t mathing Over 40% of recent graduates are underemployed while AI eliminates some entry-level jobs https://www.foxnews.com/opinion/college-grads-expect-earn-80000-year-math-isnt-mathing- REALITY? Most of us...just about everyone in past generations.... had to start at the BOTTOM...often in jobs that were not what we really wanted....after college. AND....most of us were just happy to have that first job....even though the pay sucked. My kids....MILLENNIALS...had to do the same. They BOTH had to start in jobs that basically "sucked".....although they were college degree jobs. Not exactly their dream jobs.....but those first jobs got them in the door of the work world and they moved on from there to success as they moved up to better and better opportunities....based on.....HARD WORK and strategic planing.
With all the MANIA about the big IPO's that are currently in the works...here is some general information about IPO's. The Summer of Mega-IPOs https://www.carsongroup.com/insights/blog/the-summer-of-mega-ipos/ As the conclusion of the article notes: ....."None of this means you should avoid IPOs. It means being selective and not getting swept up in the day-one excitement. The companies that reward long-term holders tend to be larger, profitable, and reasonably valued. That aligns with what we found in our first Earnings Check-In: Q1 was strong, but the gains were concentrated in profitable, high-quality companies. Quality tends to win over time."....
A worthless RED open today....for absolutely no real reason. About all that is happening right now is a little bump in the Treasury rates. So as usual we have a big broad story-line.....hammering business (stocks)..... for no real reason and with NO actual relevance to business success and great earnings. S&P 500, Nasdaq slide as jobs report fuels Fed-hike bets https://finance.yahoo.com/markets/l...obs-report-fuels-fed-hike-bets-230134469.html
Of course....good news....is....bad news for the markets. AND....I dont trust any of this jobs data....anyway. U.S. payrolls rose by 172,000 in May, much more than expected; unemployment at 4.3% https://www.cnbc.com/2026/06/05/jobs-report-may-2026.html
BASICALLY....just another ridiculous day to.....ENDURE......for long term investors. As I mentioned a bit above....we are now in a time span in market history....where specific company success and results dont matter as much as the BIG BROAD MEDIA THEMES that are mostly SENSATIONALISM and NEGATIVITY. The end result.....HUGE...erratic, and volatile day to day market moves based on mostly....NOTHING.
Yeesh, nasty day today. One could say massive profit taking, but at this point, who flippin' knows? Not like it matters for us. On to the weekend
WELL.....today just SUCKS. What more can I say. We are now at the point where the slightest little....blip.....and the BIG CAP MARKET LEADERS....the greatest companies in the world.....are SEVERELY PUNISHED. In the old days.....the BIG CAP MARKET LEADERS......were considered a good hedge against this sort of crazy day. That they would hold value better than other stocks in a dropping market due to their quality. APPARENTLY.....not anymore. It is a CRAZY....SOAP OPERA.......short term market. Absolutely PSYCHOTIC. There has really been a HUGE SEA-CHANGE.....in how the markets act day to day.....over the past 10 years. I don't like it but what choice do I have. But that is the market we are forced to live with....if we want to invest for the long term.
Today......not a pretty sight. Wall Street's hottest trade is cracking https://finance.yahoo.com/markets/article/wall-streets-hottest-trade-is-cracking-184540547.html
A HUGE loss for me today in my stocks. Perhaps the largest ever. MSFT....(-2.66%).....AMZN....(-3.06%).....PLTR....(-4.35%).....and NVDA.....down by.....(-6.19%) YES....earnings do not matter. I also lost out to the SP500 today with my stocks by 0.86%.......on a day when the SP500 got hammered.
THE MARKET CLOSE TODAY. Nasdaq falls 4% and suffers worst day since April 2025 as traders flee chip stocks https://www.cnbc.com/2026/06/04/stock-market-today-live-updates.html What is really amazing is that this drastic drop is....ALL....short term traders and speculators along with AI trading programs. It is NOT retail investors. We little people that are retail investors have to ENDURE these constant....apparently weekly now......market attacks by the...."traders".
As mentioned already, but some stuff literally taken out back to the woodshed and just spanked today. The green today was elsewhere. Health, financials, real estate, consumer staples, and utilities ended up in the win category.
For many decades, I've thought a stock portfolio will seem to perform worse the more it's monitored so I try to not stay that close. Still, I'll share a few positions, for the amusement of others. AMD - I do not currently own AMD but I continue to like the company. Zen 6 engineering samples are in testing. They can have it out by the end of the year but I expect they will only do so if Nova Lake does better than expected. I believe we are 5 years away from affordable, commoditized CPUs. I also believe ARM64 has no inherent power efficiency advantage over x86_64 but it does have a performance disadvantage. Intel - I do not currently own Intel and consider the company massively over valued. Lip-Bu Tan has been brilliant as Intel CEO. He has a heavy lift and I expect Intel to crash in the next two years. If Intel crashes, I will scoop a substantial position. If it doesn't crash, I will congratulate those who owned it through the Gelsinger/Tan transition. Long term, I see a bright future for Intel and I'm sure they will be selling CPUs for a long, long time but that is not where future profit centers will be located. Notice that Intel is pushing hard on ZRAM and MRAM which should be the next big profit centers. Micron - It took a hit today but I continue to take delight in owning this company and I admire how it's run. Micron is 1.9 generations ahead of their closest competitor. Japan's Kioxia is roughly 1 generation behind but they they have such a mild approach to volume ramp they are not a direct competitor. I don't believe CUA is the future but Micron continue to do very well with this design. This is an impeccably run company in a boom market for it's product. Samsung - Samsung is a huge company and they do a ton of things wrong but they also do a ton of things right. Overall, it's a very good company. I'm not sure when I'm going to get off the Samsung train but it will probably be soon. I have my eye on a ton of other tech stocks but I will only share a little. OpenAI - I do not believe OpenAI or Microsoft have a strong future. These companies are decent but AI is going to be winner (or perhaps the top two or maybe three) take all and neither company will be in this group. SpaceX - With Elon selling a rather large amount of compute to Anthropic and, just this afternoon, Google, the SpaceX strategy of developing a client base and grooming it for their orbital data center platform is crystal clear. I have no doubt Elon is working on a pipeline between Atlanta and Austin to keep Diet Coke flowing to his IT people while he slides pizzas under a locked door and screams, "Work, you sons of bitches!" Who will win the AI race? I don't know. The AI bubble is popping, in real time, right now but it isn't going to go to zero. Perhaps it will be rationalized at a more sane level that will not involve AI technology in every doorbell.
live by the sword , die by the sword , my rather tech heavy accounts were down 3.82% today as a whole Conservative Balanced account DN 3.25% Basically all ETF account DN 4.81% And my oldest / tech account DN 4.11% Income account DN 0.99% I'm going to go cry in my beer ........ woo woo hoo , now if my wife would have let me cash in some stocks and buy that nice little AMG GT I wouldn't have lost as much money.
