Speaking of MU.....my most recent addition to my portfolio of stocks. UP by......$200.36 or 19.12%....right now. The key will be the close.
You would not know it from this headline but inflation came in....AS EXPECTED. Here are a couple of companion stories. Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows https://www.cnbc.com/2026/06/25/pce-inflation-report-may-2026-.html 10-year Treasury yield declines after May inflation data comes in as expected https://www.cnbc.com/2026/06/25/treasury-yields-investors-key-inflation-data.html I am not holding my breath....but some day...perhaps someone at the FED will ADMIT that their 2% inflation target is based on a PHONY and FAKE number. Actual historic inflation in a NORMAL economy.....3-4%. This SHOULD be the REAL FED target.
At last a SLIVER of TRUTH on this story-line. AI Demand Begins to Justify Massive Cost of Data-Center Buildout https://finance.yahoo.com/technology/ai/articles/ai-demand-begins-justify-massive-110000106.html Yes AI is sweeping through business and all uses......it is an unstoppable train leaving the station.
As to MU above. Micron's stock soars after blowout earnings expose AI's memory bottleneck https://finance.yahoo.com/markets/a...s-expose-ais-memory-bottleneck-204039376.html
AND.....BINGO....just like that.....the SP500 and the NASDAQ are now RED for the day. As I always say....the futures do not matter.
And in conjunction with the sudden dip to RED......the gains in MU have been significantly cut to.....+$144 or +13.76%. the stock has now dropped significantly below the pre-earnings 52 week high. We will find out over the next two days....DO EARNINGS MATTER. Personally I would NOT take this bet....in the current IDIOTIC market.
Another......WORTHLESS...day in the markets today as big tech and other successful businesses are punished by the shorts, traders and especially....AI Headline traders. Another day of legal but BLATANT market manipulation. We are now in a situation where NVDA is about four times cheaper than the SP500 in terms of fundamentals......and....is being treated like some new, unproven, company every day. I had a single green stock today....MU...of course. I also had a small....big loss today. RED, RED, RED. I also lost out to the SP500 today by 1.36%. TGIF tomorrow....to stem the selling for a couple of days.
NVDA us right on the cusp of going RED for the year. PLTR is red for over a year...about 14-15 months. MSFT is at the level of November 2023. AAPL is just slightly.....+1.53% for the year 2026. AMZN is basically at.....+0.00% year to date. SPCX is about $6 below my cost per share....a micro-position. Of course MU is +284% year to date....but I have only owned it for about a week or so. I am +15.74% there since June 18. That is how my year is going so far....it is a MIRACLE that I am in the green for the year right now.
BUMMER....I have lost ALL my cushion and am now at about....+0.08%...year to date. It will be good to move on from June and head into the start of EARNINGS...in July. Of course the frustration will continue with more GREAT earnings beats and ZERO market reaction or acknowledgement. The big cap tech world is a BARGAIN right now. Even PLTR is approaching a big BARGAIN point....when considering their earnings. BASICALLY.....there is.......NO...ZERO......safety in owning the largest and greatest companies in the world right now.
At least this is STILL true for right now....but who knows for how long it will continue. Do Economic Moats Beat the Market? What Buffett gets right—and what investors miss. https://www.wealthmanagement.com/investing-strategies/do-economic-moats-beat-the-market- ....."The data is clear: companies without sustainable competitive advantages consistently produce negative average returns over 1, 5, and 10-year periods. Speculation in small, no-moat names may occasionally produce big wins, but the average outcome is wealth destruction. This isn’t a call to avoid all growth investing — it’s a warning about owning a diversified basket of companies with no identifiable advantages."....
The STRUGGLING market right now. Nasdaq falls for a fourth day as a drop in Apple overshadows Micron’s booming earnings https://www.cnbc.com/2026/06/24/stock-market-today-live-updates.html
AND....more hindsight news today. Apple posts worst day in over a year after MacBook and iPad price hikes https://www.cnbc.com/2026/06/25/apple-macbook-ipad-price-hike-memory.html
Bottom line....the government, the SEC, and the market governing bodies...need to make laws, regulations, and rules....to reign in the AI Program Trading. It is creating extreme day to day volatility. The general markets are NOT intended to be day trading vehicles. It will not happen in the current GAMBLING = INVESTING environment. BUT...if something does not happen...... in about 5-10-15 years...it will be too late to save our stock market system. Sooner or later if the current snowball rolling downhill is not stopped......the current extreme daily, weekly, and monthly gains and losses....will turn into the long term....NORMAL. Says....the voice in the......FAR wilderness
I apologize for the disparaging remark, Ram. As a gesture of good will, I will send a couple of buxom girls and a round of drinks to your craps table. Best wishes, my friend. We all have our own style and approach. Please don't allow my incredulity at trillions of dollars bouncing around the markets controlled by passing whims cause you distress. It was an insensitive moment on my part for which I have some small regret, despite owning the sentiment.
Preaching to the choir here obviously, but all I have to see is the following to ease my fears: https://stockanalysis.com/stocks/compare/nvda-vs-vug/ I am very heavy NVDA and have been for a long while. When I see that 5 year graph, I'm good. I'll pivot if needed based on tech trends, but if beating the indexes is the goal... I ain't doing too bad. The market has been beyond stupid for a while, but I'll be damned if I heed their call to gamble and chase euphoria. Have a good strategy and stick to it. If I stood fast during 2022, this is but a blip on the radar.
YEAH.....I shout into the wind.....about the future. BUT.....I do NOT change how I have invest for the past 50 years. The more CRAZY the short term....the more I have to try to hide out in the long term.
A RED open today as the market ROUT continues. BUt....at least the red has now moderated some. Dow, S&P 500, Nasdaq slide as report of OpenAI IPO delay rattles techs https://finance.yahoo.com/markets/l...openai-ipo-delay-rattles-techs-231347821.html WELL.....every single day......"something"....rattles tech. The MEDIA is relentless in their market negativity and fear-mongering.
Thank goodness EARNINGS start on about July 14 with the usual BIG BANKS reporting. it will give everyone something different to....fear-monger. I HATE the short term as it now exists. What a waste.
I like this little article because there is a lot of good info in it. Much that I agree with and some I dont. But the headline....regarding a BUBBLE. What I see in the markets in June is NOT a BUBBLE. How I’m Learning To Stop Worrying and Love the Bubble https://www.carsongroup.com/insights/blog/how-im-learning-to-stop-worrying-and-love-the-bubble/
On the other hand. Crowded Trades Are Not Always Bubbles, But Valuation Still Matters https://www.financialsense.com/blog...re-not-always-bubbles-valuation-still-matters ...."Unlike the dot-com era, today’s leaders generate substantial earnings, free cash flow, and returns on capital. The challenge isn’t demand—it’s whether prices have already discounted years of outsized success."....
