YES....we are basically back to normal......and over the next six months there will be a FLOOD of oil. Oil prices drop as more ships move through the Strait of Hormuz https://finance.yahoo.com/markets/a...e-through-the-strait-of-hormuz-132838336.html
WELL....the SP500 and the DOW are now green.......and the red NASDAQ has improved. Another day in the markets based on......NOTHING.
OK....ALL the big averages are now GREEN. People that bought SPCX have now survived the first big DIP in the stock. It seems to have stabilized in the mid $150's range....for now. Us shareholders are in for a long wild ride.....with many highs and lows to come over the years. MU is being PUNISHED for their success today. EVERYONE....must be punished. Just ask NVDA.
Speaking of NVDA. PE = 29.98 FORWARD PE = 21.72 SP500 FORWARD PE = 22.05 The IDIOCY of the current market.....WTF.
Well this week is cooked. I guess we will try again next week. On the plus side I think NVDA payed out their dividend today. Have a great weekend. Better luck on Monday.
YEAH....lets hope so. Today a small loss for me with...SPCX, NVDA, GOOGL, and MU all RED. I also lost out to the SP500 today by.....0.28%. A wasted week.......over NOTHING.....as usual.
AND....now my year to date for my entire portfolio has sunk back to just SLIGHTLY green........+0.04%. One slightly bad day and I will be in the RED for the year. I was thinking the other day....it seems like it has been a long time since I have had a NEGATIVE year. OR....even a year with a gain below +10%. I have been SPOILED by all the good years recently. This might be the year that some of us....end up in the RED. It has to happen sooner or later. If nothing changes and the markets continue to DISRESPECT success....this could be the year.
"AI UNREST"....you have got to be kidding. What a load of BS....to have this garbage impacting the markets and the greatest companies in the world. Personally.....I am happy that all the big tech companies are spending big on AI. That is the FUTURE....and....exactly what they should be spending on. S&P 500, Nasdaq snap 2-week win streak as AI jitters pressure tech https://finance.yahoo.com/markets/l...ak-as-ai-jitters-pressure-tech-231347821.html AND....right on cue.....the last three days have basically...... pretty much..... wiped out any impact of the MU earnings. Did they matter?
Meanwhile back in REALITY......and away from the MEDIA MORONS. Corporate profits were already at historic highs. They shot even higher in Q1. https://finance.yahoo.com/markets/a...hs-they-shot-even-higher-in-q1-180022338.html AND....this headline is outdated......they shot even higher in Q2. The age old question....for the current markets....does this even matter and does anyone even care?
To continue the above.....YES....business is GREAT. Do you think the AI PROGRAM TRADERS will trade this headline or news? Somehow I dont think so. Underlying business conditions and business fundamentals are AMAZING right now....in spite of the markets and MEDIA negativity. BUT....we all know that DRAMA and NEGATIVITY and breathless speciation sell.....they generate clicks. And that is ALL anyone cares about anymore in the BS world of media. From the above article: "US business profits are booming no matter how you measure it, with strength in US corporate balance sheets hovering above historic norms for more than a decade."..... AND ......"Corporate profits, on an after-tax basis, represent 12.4% of US gross domestic product, the highest reading since the second quarter of 2021, when profits peaked as the COVID pandemic ebbed. It also marks the second-highest quarterly reading ever in the data, which goes back to 1947."......
At the same time....here is where we are in the markets......the MEDIA driven and short term manipulative trading MARKETS. This is not what a risk-off month usually looks like: Chart of the Day https://finance.yahoo.com/markets/a...ly-looks-like-chart-of-the-day-110832956.html
The date is.....JULY 6. SpaceX will join Nasdaq-100 https://www.cnbc.com/2026/06/26/spacex-added-to-nasdaq-100-on-hold-on-hold-on-hold.html
My latest gas purchase......$3.08 per gallon. AND....I believe that price is NOT justified right now. It should be down at about $2.60 to about $2.80.....here in Texas.
Can you say.......MU? The memory shortage shaking Apple and Microsoft is ‘existential crisis’ for smaller players https://www.cnbc.com/2026/06/27/mem...and-microsoft-existential-for-small-guys.html
