The Long Term Investor

Looks like a big day for Elon.....one way or another.

Elon Musk's $1 trillion pay fight — and other things to expect at Thursday's Tesla shareholder meeting
Musk's pay, directors up for election, and what do with xAI are on the agenda.

https://finance.yahoo.com/news/elon...days-tesla-shareholder-meeting-100011129.html

 

This is the sort of IDIOTIC media.....OPINION....article that just ignores reality. It is news to me that AMAZON was ever out of the conversation....except for perhaps in the....all knowing.... media.

Amazon’s $300 Billion Jump Puts Stock Back in AI Conversation

https://finance.yahoo.com/news/amazon-300-billion-jump-puts-123716059.html

 

Part of NVIDIA's vast web of investments....as they create a TECH CONGLOMERATE.

Nvidia-backed Vast Data inks $1.17 billion AI deal with CoreWeave

https://finance.yahoo.com/news/exclusive-nvidia-backed-vast-data-120456403.html

 

YES.....the BS lately about younger consumers cutting back and not spending since they are not eating at CHIPOTLE, etc, etc, etc. Turns out to simply be....media opinion BS. Consumers are choosing where to spend.......and....they are still spending.

Younger consumers are eating less Chipotle and Cava. They are buying more Coach bags

https://www.cnbc.com/2025/11/06/tapestry-tpr-q1-2026-earnings.html

 

A lot of times on here I use the phrase.....SP500 Index Fund. it is just habit. In today's investing world what I mean when I use that phrase is an....SP500 ETF. I would always choose an ETF over a mutual fund when buying an Index. the tax benefits are significant.

Double-digit mutual fund payouts are coming — how to avoid the tax hit

https://www.cnbc.com/2025/11/06/mutual-fund-capital-gains-payouts.html

 

I am just IGNORING the actual markets today....since I dont have a single GREEN stock.

Are we heading into a little correction.....perhaps...although the SP500 over the past five days is only down by 1.77%.

Of course we will see a rolling correction for various single stocks. PLTR is already there. NVDA is getting close. MSFT is at least half way there.

As usual we see the LARGEST most SUCCESSFUL companies in the world being treated like...... risky start-up junk stocks.....day after day.....year after year.....in spite of constant GREAT earnings.

I am using the traditional definition of a correction being a dip of 10% or more.

Do I care about corrections....NO. Dips are just he price you pay to be invested in the markets for the long term. It is TOTALLY NORMAL to see at least 1-3 corrections in any one year.

In the older days a correction was often a 1 month to 3 month event....an actual economic event. .

Now we often have 1 week to 3 week.... little mini-corrections. They come on fast and hard....and go away just as quickly. They are often the result of the MEDIA and events like the actions and blather of groups like the FED....or some comment from a big bank leader. The "modern" correction tends to have NOTHING to do with economic events or business conditions. They are often TRIGGERED by some comment, or someone or something TRASHING the markets....especially the big tech side of the markets.

In the old days BROAD fundamental business issues and results were often drivers of corrections.

NOW....it is just...fear-mongering, manipulation, opinion BS which is repeated by everyone and becomes a self-fulfilling story-line, rumor, speculation, etc, etc, etc. The people spreading this "STUFF" are often IGNORANT and really dont know what they are talking about.

BUT...that is the reality we have to navigate as investors in the modern market world....where much of the day to day stock action is driven by AI HEADLINE PROGRAM TRADING....and....speculation.

 

A total waste of time to watch the markets today. So I will IGNORE IT ALL.....and go do something that is productive. Why torture myself.

The day is early....so we will see how things progress or regress over the next....5.5 hours.