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Joined: Mar 2008
Posts: 5,335
Campfire Tracker
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Campfire Tracker
Joined: Mar 2008
Posts: 5,335 |
My .02, look at the 10yr, every time the yield looks like its gonna take off it get s smacked down. Only one with that fire power is the FED. So balance sheet increases while they raise and supposedly do QT lol. So this “not QE” is driving this market, treasury is backdooring the fed, dogs and cats living together etc. Anyone notice? It should be the leading story on every finance news channel. Hardly a peep. For the 3rd time this year the 10y pops above 4%.. In the next 4 days it gets knocked back 34 BASIS POINTS. “Not QE” LOL This is why the dollar continues to fall. They are creating inflation while raising rates, acting like they care. FYI, not normal. We should be imploding but the fed is propping it up. Take from that what you will
Last edited by rosco1; 07/14/23.
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Joined: Dec 2022
Posts: 38,390 Likes: 2
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2022
Posts: 38,390 Likes: 2 |
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Joined: Mar 2008
Posts: 5,335
Campfire Tracker
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Campfire Tracker
Joined: Mar 2008
Posts: 5,335 |
Killing it! I have to think there’s a 5% correction coming. Big money that usually allocate 60/40 are still underweight equities and they want an entry. If we see a a 5-10% from say 4600spx to 4200ish that’s going to be a big long trigger signal. The TV is going to be telling retail to run at that point while they rip it a week later to make them chase. But like I said in my original post on this thread, Carful, this has blow off written all over it. Unpopular opinion, 2022 was not a bear market, it was a correction in the 40 year secular bull. The turn to bear is getting very close (within a year) imo.
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Joined: Mar 2008
Posts: 5,335
Campfire Tracker
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Campfire Tracker
Joined: Mar 2008
Posts: 5,335 |
CVNA still looking squeezee. 1/24 90-100C getting heavy bids. With its short interest it could get interesting. 👀 thar she blows!
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Joined: Dec 2006
Posts: 4,113
Campfire Tracker
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Campfire Tracker
Joined: Dec 2006
Posts: 4,113 |
Hoping for Nvidea to go up on the morning. Looks like they had a good earnings call today with a 10% post market bump. Hoping it continues in the morning
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Joined: Jun 2003
Posts: 10,595
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2003
Posts: 10,595 |
With a P/E ratio of 245, I’m pretty sure NVDA is overvalued at this point. It may not be a bad time to trim if you own a bunch.
"Don't believe everything you see on the Internet" - Abraham Lincoln
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Joined: Dec 2013
Posts: 13,081 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2013
Posts: 13,081 Likes: 2 |
The pre-market early trading indicates a bad day ahead.
Patriotism (and religion) is the last refuge of a scoundrel.
Jesus: "Take heed that no man deceive you."
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Joined: Nov 2002
Posts: 33,714 Likes: 2
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,714 Likes: 2 |
The pre-market early trading indicates a bad day ahead. Day?
Conduct is the best proof of character.
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Joined: Feb 2006
Posts: 2,527
Campfire Regular
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Campfire Regular
Joined: Feb 2006
Posts: 2,527 |
Sold AMZN, it's been trending downward for the past few weeks. It was fun while I had it. Replaced it with FLR, X, and CLF.
Just down the road from The City of Lost Souls in the Land of the Blind.
Molɔ̀ːn Labé Skýla
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Joined: Nov 2002
Posts: 33,714 Likes: 2
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,714 Likes: 2 |
I am meeting with my Fidelity guy next Tuesday. It will be the start of an annual rolling over funds into a Roth now that I am over 59 1/2, setting up college accounts for my two new grandchildren and bumping up a monthly funds transfer since a piece of pension has been recently emptied as planned. Zero real movement in where the funds are invested though.
Conduct is the best proof of character.
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Joined: Feb 2006
Posts: 2,527
Campfire Regular
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Campfire Regular
Joined: Feb 2006
Posts: 2,527 |
I finally sold DANOY. It's the second time I've owned it. The first time was quite profitable. This time not so much. The hopium in my bowl ran out. I got UUUU to replace it.
Just down the road from The City of Lost Souls in the Land of the Blind.
Molɔ̀ːn Labé Skýla
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Joined: Feb 2003
Posts: 10,378
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2003
Posts: 10,378 |
My portfolio, not my wife's:
AMZN 47% been in for 11 years
GOOGL 42% been in for 18 years
NVDA 5% been in for 5 months
NFLX 2% been in for 10 years
UNP 0.6% been in for 10 years
I will sell if company does not continue to grow exponentially in revenue.
There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self. -Ernest Hemingway
The man who makes no mistakes does not usually make anything.-- Edward John Phelps
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