More good news for the economy and FINALLY for home buyers. Weekly mortgage demand surges 11% higher, as interest rates dropped for the sixth straight week https://www.cnbc.com/2025/03/12/wee...ercent-higher-as-interest-rates-dropped-.html
As the big averages continue to drop from the opening gains.......it is time for me to sit and watch. I will continue to IGNORE it all. The markets this year.....SQUANDER EVERYTHING.......good earnings, massive business fundamentals, positive economic data, etc, etc, etc. It is a high maintenance market that just wants to bitch, whine, and have a fit over nothing. Much of this behavior is driven by the hedge funds, the AI PROGRAM TRADING, and concern over things like "sentiment".
Ok....nice to see that we are hanging in there nicely today. Lets keep it going for the next 1.5 hours. I see that as of....right now....my YTD for my entire portfolio is now (-8%). Not too bad considering the big drops we have had. I am not even in correction territory....AMAZINGLY. I spit in the face of the markets and this piddly (-8%) drop. (Said with a Russian accent) BUT....I probably just totally jinxed myself and us all.
It is pretty OBVIOUS.....DUH.....that this correction got a little carried away. Most of it was based on "sentiment" and news....nothing more. Earnings were great and the vast majority of big companies continue to hit it out of the park with the money they are bringing in. Many companies as a result are a SCREAMING buy right now. In my view...."sentiment".....is one of the most worthless indicators there is. Nothing more than a "beauty contest"....often judged by people that have little to no information or background in investing......other than the negative environment that is constantly pushed and created by the media. Add in that the big Hedge Funds are selling stocks like NVDA, PLTR, and the rest of big tech......and......instant correction. What has happened recently is the PERFECT reason why "sentiment" is usually seen as a CONTRARY INDICATOR.
