The BIG question today....can AAPL hang on to close in the GREEN. NOT looking good right now.....I suspect...it will not.
Well bigmaix......NVDA and PLTR are performing like SH$T....over the last few months. For my holding period of each stock I am WAY UP. See my priot posts above about.......DISRESPECT.......for amazing earnings. Especially NVDA. Although PLTR has also BLOWN PAST all earnings expectations for the past....at least 4 quarters..... and probably 8-10 quarters. BUT...as I have noted many times on here.......the markets are disconnecting from earnings as they become simply a..... MEDIA CIRCUS.....where fundamentals are not relevant anymore.
I don't know what nVidia should be valued at but GB300 performance is just coming to light and the performance step is not what was promised while the power consumption is a huge problem for every literally customer, including the government. It is exactly what I predicted months ago; almost to the Watt. Several months ago, I literally looked at a Blackwell TDP chart, extrapolated to 1800 Watts and clock gains. It was obvious the gains would be extremely low. Blackwell is already brutally over clocked and over powered. The GB300 is a bad idea. I hope they found a way to make it reliable but I expect a whole lot of failures. Rubin promises a big step. My AI coding pals are oddly quiet about Rubin. Rubin and it's drivers really needs to solve the bus bottleneck or nVidia will start fading into the rear view mirror. I predict nVidia will solve the bus issue but that is based on the existential threat of this problem and my incredulous thoughts of nVidia not solving it. Meanwhile, Vera is not going to be in the same league as AMD or Intel. Vera is good. Vera is needed. Vera is not the world beating chip Jensen Huang claims it to be. nVidia's future hope rides on their Intel investment/alliance. nVidia is in the lead, barely. Where they once had huge dominance and even created a viable AI industry where none existed, they are now competing against a formidable opponent that has advantages of their own. I suspect that nVidia will step into the lead with Rubin, sometime early next year, and then lose the lead to AMD RDNA 5 a short time after that. When is the last time Jensen Huang hype turned out to be true? 2022? nVidia could stretch out a lead again if they were hungry and motivated but the morale and energy of the team is not what it was when they were giving stock to their dev team, the share price was exploding, and their newly millionaire coders were giddy at buying solid gold fidget spinners and having free porn in company washrooms. nVidia will do OK but I am not betting on them to move mountains.
WELL.....today was IDIOCY on steroids.....in the markets. BUT.....WTF can I say...it is, what it is, over the short term. I had a single green stock today.....MU. Every other stock was RED. SPCX had a big loss....and is now slightly lower than my average price per share. Whatever........as a training-wheels....TINY....position, I really dont care. I also got beat by the SP500 today by....1.61%.
The markets today. S&P 500, Nasdaq slide as Big Tech, SpaceX hammered https://www.cnbc.com/2026/06/22/stock-market-today-live-updates.html
Bigmaix.....ok....now I see that you are talking about the 2X leveraged products. Yes I still have them. That money is a little......ART FUND....that sits outside my normal Schwab accounts. I cashed some in about a month ago to make a deposit on a commission for a painting. I will be using a good chunk of that money some time this fall....to pay for a couple of moderate paintings. I think the fund has about $8000 in value right now....it goes up and down....DRASTICALLY. From this little experiment....I would DEFINITELY NOT recommend any sort of long term investor to use these leveraged products for the long term. That is not what they are intended for anyway. They are intended to be used as TRADING vehicles.
Thanks again for your response. I was just curious on how they were doing. That's awesome the way you use them, don't know much about them, but did a little research after you mentioned them. I really appreciate all you contribute here, with your knowledge and wisdom. Keep up the AWESOMENESS!!
Excellent advice. Several years ago (It's documented in the locked thread), before I retired, there was an oil price crisis (it fell to 18 bucks) and I was seeing value all over the place. I had some cash and was looking to buy but I wanted to keep some cash in case the market crashed. So, I set aside a little cash, picked up some inverse S&P 500 3x, and put the rest into an oil field service company and another oil related company. It's always nice to have a little cash. The 3x inverse S&P gave me peace of mind in case the whole market were to crash. And, the oil companies took a while but returned an extremely nice multiple after almost going bankrupt. Yeah... I guess I am a trader. FWIW, I hold a couple of companies I bought in 2008 so I do have some long term capability.
ANOTHER.....DUMB.....market today. the impact of AI Trading....dominating the markets. As I often say.....this BS will eventually destroy tthe market system as we know it. When BIG DROPS happen out of the blue for no reason at all....the markets are screwed. It is simply....LEGAL MANIPULATION.......by AI. I took the opportunity to put $50,000 of new money into QQQ in one of my kids accounts. A perfect time to do so today.
AND....I am LUCKY....I am leaving for San Antonio soon and will miss the entire day today. Thank God. I will not have to watch any of this RIDICULOUS market action. Have fun today. Lets see if we get a whiplash market today that flips green by the close.
The market today. Of course we have MU earnings tomorrow.....so the market has to make that event IRRELEVANT....right on schedule as usual lately. Stocks tumble on global chip rout with Nasdaq off 2%, led by Micron https://www.cnbc.com/2026/06/22/stock-market-today-live-updates.html
Maybe people expect a bad Micron FR tomorrow. They are expanding like a dollar store chain so their massive profit will be mostly or completely offset. I must confess I love every move this company has made. CuA isn't the future but they are rocking SSD production, right now. My only concern is their plan to invest $100B into a New York plant. Recent and undoubted future tax hikes make this seem like an incorrect business decision but time will tell. For now, I continue to hold for the long term, as usual.
Yes.....this is reality. What ‘IPO’ really stands for — and whether you should be buying SpaceX and the AI giants https://nypost.com/2026/06/23/busin...ou-should-be-buying-spacex-and-the-ai-giants/
I moved my Fidelity Magellan money to Fidelity Contra Fund very soon after Magellan faltered. I owned the fund for many decades. Now with this change I have sold all shares and moved the money into QQQ. 6 Investment Lessons from Will Danoff and Fidelity Contrafund Contrafund’s long-term results stemmed from a disciplined investment process that Danoff refined over more than three decades. https://www.morningstar.com/funds/6-investment-lessons-will-danoff-fidelity-contrafund ...."Amid this wholesale shift in the fund landscape, Danoff is an outlier as a long-tenured active manager who has held onto his winning record over time. Despite a couple of off years, such as 1997, 2016, and 2022, Contrafund beat its benchmark by an annualized 2.75 percentage points over the period from October 1990 through May 2026.".... THE LESSONS: Lesson 1: Lean Into Your Best Ideas Lesson 2: Focus on the Long Term Lesson 3: Don’t Sell Too Early Lesson 4: Management Matters Lesson 5: Be Flexible and Cast a Wide Net Lesson 6: Don’t Overcomplicate Things I agree with and follow every one of these. BRAVO to a great manager on his retirement from the fund.....a GREAT run by a manager that is not recognized often enough.
NO......this has NOTHING to do with actual....."investors". It is the ridiculous MEDIA.......and the AI trading programs trading the MEDIA IDIOCY. YESTERDAY is perfect example. A massive DROP in the markets and the best companies in the world....based on....NOTHING. Big Tech's $2.7 trillion AI bill is finally coming due The 'Mag 7' plus Broadcom and Oracle have lost trillions in market value as investors take a harder look at companies funding the AI build-out. https://finance.yahoo.com/markets/a...ill-comes-due-chart-of-the-day-100000100.html
WELL....with yesterday and Monday......we are now all set up to totally ignore and disrespect these earnings. they are NEVER good enough for the MEDIA anymore. Micron to report third quarter earnings amid sky-high demand from data centers https://finance.yahoo.com/technolog...-high-demand-from-data-centers-113000152.html
ALL the big averages are now green. S&P 500 rises as oil slides, traders await Micron earnings https://www.cnbc.com/2026/06/23/stock-market-today-live-updates.html
Many of these stocks are now DIRT CHEAP....in my view. On a fundamental and business basis. BUT......does anyone care anymore? Tech stocks try to rebound after global AI sell-off batters chip companies https://www.cnbc.com/2026/06/24/asia-tech-stocks-rebound-after-global-rout.html
LOL.....SPCX....is now right back at my average cost per share. About $158. I have WITHSTOOD the first big dip......there will no doubt be many more. That is how it works over the long term.
