We ONLY have to keep the current good market feelings going for FOUR DAYS to have a great week. The markets will of course, be closed on Friday for Juneteenth.
I will be attending a three day ART EVENT this weekend. So I will have a little old fashioned road trip to get there. I have also been in the studio two times over the past week. So....I have and will be busy into the near future.
NOT much to do today other than sit and enjoy the gains. We are NOT at new all time highs in the SP500 or NASDAQ....but we are close. In spite of all the BS of the last two weeks that we have had to ENDURE....we are close.
The FED meeting this week...absolutely IRRELEVANT. Which is fine with me. It is RIDICULOUS how the media and others NOW...hype every FED meeting and move. NOTHING...is going to happen this week and probably for some months....no matter what the media tries to claim. Warsh’s Fed is likely to hold rates steady — what the leadership change could mean for your money https://www.cnbc.com/2026/06/15/warsh-fed-interest-rates.html
I will say in regards to my promise on here....to disclose any portfolio moves when they happen.....I made a purchase of SPCX in both of the accounts where I got 37 shares allocated at the $135 IPO price. Being an old time....ROUND LOT...kind of guy....I purchased an additional 63 shares of SPCX in each account to bring the total number of shares in each account up to......100. NOW I will sit and watch. The new shares were purchased at about $171...right at the open today. This holding is of course a....MICRO-POSITION...in both accounts. Less than 1% of each account. So not exactly a big gamble.....and....I am seeing this as a 15 YEAR......hold. AND....there will no doubt be many BUMPS along the way.
Speaking of SPCX...I was talking to a friend this morning that is a retired Financial Advisor under UBS and a former VP at Merrill Lynch.... heading up some major offices here in Texas. I was very surprised when he told me he had bought shares in SPCX. He is usually more of an INDEX kind of guy since he is in his early 80's. He said he bought the shares as a long term speculation for his grandchildren....in 20 or so years. He has at least....6-8 grandchildren...so I assume he bought at least 1000 shares. I think he did 150 shares per child. For him that is NOT a big gamble in terms of money.
GOOD.....I am tired of seeing poor PLTR raked over the MEDIA coals over and over on this issue. Let someone new take the heat for a while. SpaceX just took Palantir's top spot with one of the most excessive valuation multiples in megacap tech https://finance.yahoo.com/markets/a...tion-multiples-in-megacap-tech-155303264.html "With its scorching-hot debut on public markets now in the books, SpaceX is trading on a trailing 12-month price-to-sales ratio of 110 times, compared to 63 times for Palantir, which has long been viewed as the most richly valued megacap tech play in the game."......
The markets continue to rack up big gains as the rally continues. AND....YES.....the bull market has a long runway ahead of it. We are just scratching the surface of the impact of AI in business and all the money that will be made in the big cap tech world. it is nice to see MOST of the financial media focused on actual investing and business today.....even if it is just for one day. I have HOPE that this rally will continue all week.
I hate to get stuck on one topic....BUT.....this is the story of the day. SpaceX stock jumps for second day, now up over 35% since debut https://finance.yahoo.com/markets/s...day-now-up-over-35-since-debut-143317444.html ....."SpaceX had offered 555.6 million shares to investors, raising a record $75 billion, but the company confirmed on Monday that it actually raised $85.7 billion after underwriters exercised their "green shoe" option to sell an additional 83,333,333 shares."..... AND ....."The Wall Street Journal reported on Monday that mining tycoon Gina Rinehart, Australia's richest person, bought a $1 billion-plus stake in SpaceX, noting that it's the single largest outside investment made by her closely-held company, Hancock Prospecting, a giant in the steel sector."..... BUT.....lets not get too crazy.....as SPCX becomes a MOMENTUM play in the markets. If you are a long term investor and want to buy it....ok. If you dont.....ok....too. There will be plenty of time to buy it later if the performance of the company is progressing nicely.
A....BIG GAIN...for me in my stocks today as they beat the SP500 by 1.31% today. ALL stocks up big ...except for of course....COST. NOW....lets do it again tomorrow.
The close today. Dow climbs more than 450 points for record close as oil tumbles on potential Iran deal https://www.cnbc.com/2026/06/14/stock-market-today-live-updates.html
For those living vicariously through my SPCX purchase...here is how it is for the first two days. Not quite the long term. 100 shares. Average cost per share.....$158. Market Value.....................$19,250. Cost..................................$15,830. Gain..................................$3,419. Percentage Gain...............$21.60% NO.....I am not going to post this often. BUT...right now it is a new shinny object.....in my brain.
I apologize for locking horns with you Ram but I haven't been following those companies closely. I have no insight to share. Also, quantum computing is not my forte. I've been studying quantum mechanics, including qubits, for a while and have come to the high confidence conclusion I don't understand. The Higgs field and entanglement are relatively easy. It's a shame these two things barely scratch the surface. I've also come to the conclusion that a reasonable portion of researchers don't understand, either. Sure, some people seem to understand it but there are scientists who are either terrible communicators or don't know the subject matter they claim. Given how ridiculous quantum mechanics is, I strongly suspect quite a few posers. I will say the current state of the art seems to be a 100 qubits quantum array. Brian Cox (one of Earth's top quantum mechanics) has said quantum processing will become useful at the 1000 qubit level. CXL should democratize IC production quite a bit, even in AI servers. Any fab capable of making LPDDR (RAM) is going to be able to sell chips, even to the AI server folks. High value production will shift to tensors, for a while. Even CPUs are going to become a commodity; how many more cores with faster clocks do we need? GPUs are hot right now, in every way, but the world will shift to tensors. We can literally render the world in high refresh rate 4K, right now. Renders are easily mistaken for real video. All GPU development is currently directed at AI optimization. What does this mean for Micron when Asian and Indian fabs can create RAM at half the price? Right now, Micron leads in chip density by quite a bit. Even if their cost base were double, they could compete with anybody. I expect this lead will lengthen, at least on the short term. Plus Micron has world leading quality which matters a whole lot for statistical reasons.
Speaking of.....EGO.....and investing. A very nice article....especially the first section talking about all the .....MEDIA NOISE. As the article states: "Most of what you read about the economy and markets is barely more than propaganda or what was once called yellow journalism and today is called “clickbait” or “rage bait” or “fake news”." Questions https://alhambrapartners.com/weekly-market-pulse-questions-5/?src=news ....."When Euripides urged us to “answer nothing,” he was advocating humility. We should not assume that simply because we have asked a question and learned—or relearned—a historical truth, we now possess the infallible insight required to act; more often than not, the exercise merely reveals the vastness of our own ignorance. Investing, after all, remains a “loser’s game” where victory belongs to the one who makes the fewest mistakes. Risk-taking must always be disciplined, calculated, and strictly contained by an honest assessment of our capacity for loss. In a market driven by a cacophony of charlatans, the ultimate competitive advantage is a quiet, deliberate moderation. While the crowd sprints blindly toward the next “seen” miracle, it is the humble investor—the one who respects the limits of what cannot be known—who quietly survives."
YES....balance is important in life and investing. I was obsessed with money… then I found philosophy https://dariusforoux.com/i-was-obsessed-with-money-then-i-found-philosophy/ ......“Once the will to money takes over, the pursuit of meaning is replaced by the pursuit of means. Money, instead of remaining a means, becomes an end. It ceases to serve a purpose.” That’s it. That’s the trap. Money was always supposed to be a tool. But at some point, most people flip it. The tool becomes the goal.".....
A bit more on.....EGO......and having a long term investing plan that includes ENDURING all the various market conditions. Smart Investors vs. Dumb Investors https://awealthofcommonsense.com/2026/06/smart-investors-vs-dumb-investors/ ....."Bull markets don’t mean you’re a genius just like bear markets don’t make you an idiot. I wasn’t a dumb investor during the Great Financial Crisis. I did what I was supposed to do. I bought and I held and everything went straight down. Bull markets don’t make you a smarter investor. Bear markets don’t make you a dumber investor. The problem is your emotions can often grab the steering wheel when markets are going up or down. Bear markets can make you question your plan. Bull markets can lead to overconfidence.".....
AND....to go along with discussion of EGO.....how about....LUCK. Serendipity: The Role of Luck in Your Life and Career https://ritholtz.com/2026/06/recognize-the-role-of-luck-in-your-life-and-career/ ....."the simple truth is that random events can and do lead to unanticipated outcomes that drive much of what occurs. We underestimate fortune, randomness, and chance at our own peril.".... I ESPECIALLY like the list that is contained in this little article: "My top 10 things that helped me “get lucky” professionally"
OH yes.....the markets are open. Dow rises for fourth day in a row; SpaceX gains again https://www.cnbc.com/2026/06/15/stock-market-today-live-updates.html
AMAZING MOMENTUM....going on here. Be careful and smart......this is ONLY.....three days. SpaceX surges past Microsoft in market cap, becoming fourth-biggest U.S. company https://www.cnbc.com/2026/06/16/spacex-stock-rally-market-cap.html
