OK.....back to the real business of this thread.....INVESTING. A good GREEN open today. ALL the big averages start the day, the week, and the MONTH in the GREEN. We now begin the final....FIVE....months of the year. Dow pops 600 points, oil slides after Trump calls off planned attacks https://www.cnbc.com/2026/08/02/stock-market-today-live-updates.html
My current thinking is.....we started here and will just DIE here. If the site got hacked......what is new....EVERYTHING is hacked these days with AI doing the work. What did they get......our names, perhaps an email address? I have no credit card or banking info here.
This is something anyone can do.......research and dude diligence. I dont know about....THE RICH. The real ultra-rich often tend to be money MORONS. The rich have one financial habit most Americans ignore at their peril Stock options, vacation homes, business sales and estates all require more than one perspective https://www.foxnews.com/opinion/rich-have-one-financial-habit-most-americans-ignore-peril
I did not even read this article....I dont care. I just put it up for the headline. THE REAL ANSWER.......THE IDIOTS IN CONGRESS STOLE ALL THE MONEY.....and replaced it with worthless Special Treasury IOU's. Which means they will simply be funding Social Security from annual tax receipts.......and employee contributions....just like they do now. Imagine if that TRUST FUND money had actually been saved and invested in REAL TREASURIES....it would be worth a FORTUNE. So dont FEAR MONGER me about the BS trust fund running out of money.....it was spent by congress a long time ago.....and now they want.....US....to cover for their IDIOCY. SCREW THEM. If Social Security’s funding crisis is the elephant in the room, this is the mouse everyone has overlooked. You have been warned. https://www.marketwatch.com/story/i...ooked-you-have-been-warned-b95c450d?st=icfs5L
AMEN....whether the FED or earnings reports....the OBSESSION with forward guidance is nothing more then.....MEDIA CANDY. WORTHLESS....but used to hammer the markets every day. The Death of Forward Guidance https://www.realclearmarkets.com/bl...forward_guidance_1197889.html#google_vignette ...."Even with an army of PhD economists, supercomputers, and endless streams of data, the mighty Fed simply cannot accumulate enough real-time information to plan or predict the direction of a complex global economy. Pretending otherwise has done immense harm. Ditching pre-baked guidance forces a long-overdue return to the wisdom of crowds. Instead of thousands of Wall Street analysts burning midnight oil to parse adjective tweaks in Fed statements, market participants actually have to analyze raw economic fundamentals again. For real investors, this is a massive upgrade. You get a cleaner, less diluted market signal—a genuine reflection of real-world supply, demand, and risk.".....
I LOVE it too. Over a lifetime it has allowed me to build up more money for my family than I could have ever done otherwise. NOT by gambling or trading....but by methodical, rational, long term investing and..... BELIEVING.....in the free market and capitalism. Why I Love the Stock Market https://awealthofcommonsense.com/2026/07/why-i-love-the-stock-market/ ....."I love the stock market because it can make you feel like the smartest person alive. Or it can make you feel like the dumbest person on the planet. Sometimes all in the same week. I love the stock market because it can make you wildly rich over the long haul if you’re patient enough. It can also make you broke in the short-term if you overextend yourself with the use of borrowed money. I love the stock market because it’s a constant source of entertainment and insanity."......
IN REALITY.....I strongly doubt that this...WONDER-KID.....knew much of anything that those on this board did not know. A sad and age old story here. Inside the Meltdown of a Wunderkind’s A.I. Hedge Fund Situational Awareness, led by a 24-year-old, exploded onto the artificial intelligence scene — and then nose-dived. https://www.nytimes.com/2026/07/31/...unlocked_article_code=1.2VA.L_1L.iIgvxOQy-lCi ...."Mr. Aschenbrenner’s firm relied on leverage — money borrowed to amplify its bets. This added to the risks the company faced if the market turned.".... COME ON.....In 2024 a KID with ZERO investing experience writes an essay about how AI is going to take over everything......and people are throwing money at him to invest for them. On here MANY OF US were investing in AI through NVDA and other companies years before 2024. I guess we all should have been starting HEDGE FUNDS. He simply rode a HUGE stock market BOOM...that had NOTHING to do with him or his investing ability. AND...he did it with SUPER LEVERAGE. and just like ALLAYS happens....the markets caught up with him and screwed his investors. HE is the perfect example of a famous Warren Buffett quote: "Only when the tide goes out do you discover who's been swimming naked." The saying means that good economic times hide risks, and bad times show who took too many chances. NO this KID was NOT Warren Buffett.....simply a pretender with a good line of BS.
The above is a PERFECT example of the investing intelligence of......THE RICH......who trusted their money with this UNPROVEN person with ZERO experience. Us....LITTLE PEOPLE.....we just plug along with our small investing....which over time...for us...becomes BIG INVESTING.
YES...in spite of all the day to day MEDIA BS....the economy is still....BOOMING. Q2 US GDP’s Stealthy Strength US private sector domestic demand growth was the fastest in over three years. https://www.fisherinvestments.com/en-us/insights/market-commentary/q2-us-gdps-stealthy-strength ....."Under the hood, America’s main economic engines are revving. Although backward looking, last quarter’s stronger-than-appreciated growth shows why the bull market is on firmer footing than most coverage contends."..... ....."Households and businesses, overall and on average, remain in fine shape, helping drive broad corporate earnings growth—much to stocks’ delight. Of course, that isn’t what headlines usually lead with. Most folks doing ok! may not grab eyeballs, but we find that makes it all the more important for investors to not lose sight of what the economy’s main fundamental drivers truly are."......
SMOKIE......come back when you feel comfortable. YOU are always welcome....and will ALWAYS be one of us.
I hope so. Even though I am not a momentum trader....what I own benefits strongly from big momentum. Morgan Stanley’s Wilson Tips Earnings to Revive Momentum Trade https://finance.yahoo.com/markets/stocks/articles/morgan-stanley-wilson-tips-earnings-095442644.html
PLTR has a gain today....I would not call it a big jump. BUT....to me....the stock is severely underappreciated and is on sale. It reports after the bell today.....AND....tomorrow we get the first SPCX earnings. The big events of the week. Palantir stock jumps ahead of quarterly results https://finance.yahoo.com/markets/s...mps-ahead-of-quarterly-results-122817775.html
MU has experienced a HUGE drop since their BLOWOUT earnings report not too long ago. I believe the greatest drop they have had in the past 10 or 11 years. WHY......really....WHY? There is absolutely NO justification for this drop. A GREAT company on sale...in my view. I am happy to hold onto my shares for the lng term. I certainly dont believe what this little article is saying.....ANYONE that trusts CHINESE products or companies is a MORON. CHINA is an empty suit FRAUD. You can NEVER trust them.....they will always SCREW you in some way in the end. The WORLDS MOST BRUTAL COMMUNIST DICTATORSHIP. Semiconductor stocks sink over fears of increased competition from China https://finance.yahoo.com/markets/a...creased-competition-from-china-133938642.html
