The week that was. DOW year to date +4.60% DOW five days (-0.01%) SP500 year to date +7.30% SP500 five days +0.67% NASDAQ 100 year to date +10.00% NASDAQ 100 five days +1.31% NASDAQ year to date +8.38% NASDAQ five days +1.47% RUSSELL year to date +0.37% RUSSELL five days +0.37% As for me another GREAT week. My entire portfolio sits at year to date.....+14.36%. Last week at this time my entire portfolio was at a year to date of 12.01%. A nice gain for me in a single week.
You know, we just seem to never learn. To think it might have taken this long to realize the bad possibilities…. MSFT announces they are no longer relying on China engineers for cloud support at the Pentagon. The company implemented the changes in an effort to reduce national security and cybersecurity risks stemming from its cloud work with a major customer. The announcement came days after ProPublica published an extensive report describing the Defense Department’s dependence on Microsoft software engineers in China.
Well, our market week has ended. I ended the day and week on the plus side of things. I”m sure many others did well this week. Slowly, but surely we are moving along quite well despite all of the distracting stuff being tossed about. Fine by me. Let’s just keep on chugging along.
OK......a big lesson for long term investors. Dont get too caught up in the short term.....it can drive you crazy and cause you to do DUMB stuff......like PANIC. Here is a real example....I noted in this thread on April 18, 2025....that my entire account had a loss of......(-13.79%). Pretty dismal stuff.....but it was all short term....a correction with the tariff drama added on top. Fast forward exactly....THREE MONTHS......and my entire account is at.....+14.36%. This is a HUGE.....turn-around...in only THREE months. Talk about the erratic short term. In addition for those that are long term and have confidence in the USA and our free market capitalism......If "I" had the money I could have bought my entire portfolio on April 18......and 3 months later I would have made a HUGE GAIN. At the time and in hindsight...it was very obvious that the market drop in mid April was CRAZY.....at least to me. It was earnings time and great earnings were being IGNORED and DISRESPECTED. Just a little example to think about next time you start to feel a bit of panic when you see your account going negative over some short term event.
