I guess we put the voodoo on PLTR/NVDA with our discussion today from the looks of it. Even general index is slipping further at the moment. On a side note, a little September discount is fine by me....I need to add some money this month anyway.
Looks like a massive market move to the RED. ALL the big averages. No doubt MSFT, NVDA, and PLTR are big contributors. In addition the media is also HYPING the jobs report. I am sure we will soon see the typical...."canned".....articles on RECESSION and ECONOMIC DOWNTURN. BALONEY. BUT......like Smokie above....I will have my $10,000 dividend to invest soon. I can use a nice discount. The short term seems to be becoming more and more erratic. At least that is my....."feeling". I am sure this is making some investors concerned and jumpy. The markets "seem" to be disconnected from earnings and now IRRATIONAL. I think this is leading to profit taking as investors are giving in to some of the.....FEAR.
Reference the "jobs" report. That didn't take long. They are out saying "they" will have to revise these numbers up. See, this is why there is a trust issue with these reports. I don't care about the politics surrounding them....and there certainly is. I wouldn't trust either side about any of it quite frankly. We could do better ourselves driving around the neighborhood and polling our neighbors if they were still employed.
I am on auction watch today....for a friend. My friend is on vacation right now. He is interested in some historic artist sketch books that are in an auction today. The artist that made the sketch books is deceased and routinely collected. I am bidding for him and he will pay me back when he returns. At this point it looks like his odds of winning the items is slim.
If you are trying to buy a house the rates are looking real good right now. Mortgage rates see biggest one-day drop in over a year https://www.cnbc.com/2025/09/05/mortgage-rates-drop.html The average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% Friday. PLUS...it looks like we might see at least 1 and perhaps 2-3 FED cuts this year.
