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Which stock would you have sold to raise cash? CNP was on the chopping block. Have only owned it a week however. Don't want to exceed 20 holdings in the stock basket. Thanks for asking.
I was watching AMZN too. It was under $198 late yesterday (after market). Had it continued falling this morning I'd have bought. Would have had to sell another stock holding first - which made the decision harder. Good luck with what one.
Note that the second largest economy to the U.S. is China. Why would one feel "safer" there than at home? Might be like leaping out of the kettle into the fire.
Thanks @Mark for the working link!
Re "Sell America". It makes a catchy headline. I get it. On a guttural level I might agree. Two investment reasons for doing so might be to (1) diversify currency exposure or (2) spread your equity risk around as…
I just took a quick look @ Mr. Market & a felt a down draft! Take care out there.
If this continues ... Warsh's tenure as nominee may be short-lived. Maybe Rieder to the rescue? :)
There were some disappointing jobs numbers and other indicators…
And here I was thinking that a "wet dress rehearsal" was the precursor to a "wet t-shirt contest".
Yes. It is somewhat suggestive. I'm afraid that ambiguous terms like that could cause confusion among the engineers at crucial moments. WTF is happ…
@FD - Too silly to respond to.
Please answer: Are there any investors, private or institutional, who are smarter than you? If so, please list a few below ...
1.
2.
3.
Gosh - Silver's down to $73-$74 this morning, right where it was in early January when I sold that scuffed up silver bullion coin I'd found in the junk drawer. Received enough to buy a bottle of Glenfiddich, now completely drained. Easy come. Eas…
No worry. Bloomberg is quoting Trump today as saying he wouldn't have nominated Warsh if he believed Warsh would raise rates. A bit of a game of words as to whether there was a "pledge". But rest assured - Warsh won't raise rates (unless things get…
Extensive treatment of this in this morning's WSJ. Won't post the whole thing here, but it's essentially in agreement with above observations. Basically, some dislocation of software, yes, but nothing very dramatic, especially for existing large dat…
Thanks @Old_Joe for the update. Feel bad for that crew. Looking at those solids makes me queasy. ISTM Musk doesn't rely on them, but I may be wrong. I do know Musk's "topping" of fuel with crews on board has been highly controversial - something N…
Today looks brighter. My 10-day old stock portfolio has clawed back all of yesterday's losses. And is close to break-even since inception. SSNC is little changed today. My best holding has been BJ (a smaller competitor to Costco) that was recommend…
@hank- so what made you change your attitude- exclusion from my MAGNIFICENT new ballroom, or my TARIFF threats? :)
Watching precious metals from the sidelines is the best show running now. And you're stomping FD's wildest claims. I think you've …
@hank : After reading your comment above I feel you need to play more in the NBA contests. Good luck & wish you the best on your new basket.
FWIW, Derf
Hey @Derf - It could always be worse ...
Well said @Old_Joe. I think it's healthy to roll the dice once in a while. Maybe more so for us "post-boomers". Proves we still have a pulse. Like you said, staring at a T-Bill just aint the same. :)
I am very much enjoying watching the metals sh…
Thanks @Mark. Always enjoy reading Howard Marks.
"Part of the conundrum, as always, will be delineating between assets that are (a) unreasonably discounted due to psychological aversion and (b) appropriately discounted because they’re fundamentally…
Not a bad idea. I can set the stop at my original "investment" of 7k and just let it roll. Thanks, @Mark.
Makes sense. I suppose.
You metals guys ought to send a dollar to DT every time he says or does something crazy. I think that has a lot to…
Avoid bottom fishing.
Yep. You can tear the downrigger right off the transom if the cannonball gets hung up.
Paypal? Still use it for EBay purchases. Been good to me. But, isn't Apple Pay eating away at it? FWIW, David Giroux commented in the Ba…
RE: SSNC - Most software is getting hammered, and has been since the beginning of the year. Some think due to AI. I have a few that are getting under my skin: TRI, ADBE & AVGO.
Thanks @DrVenture. SSNC is probably the first tech stock I've ever …
Quick update. Yesterday I bought 2 stocks. Both Barron's roundtable pick:
CNP (David Giroux's pick) is ahead today about +2%.
But SSNC (Scott Black's pick) is having its worst day in about 6 months. Off - 8% on the day, approaching its April low…
One week into a new "all-stock" basket I added the final 2 components today, bringing the total holdings to 20. You don't have to be nuts to do this, but it helps. And the entire basket is a bit less than 5% of portfolio. Most are mid-cap and the l…
Perhaps NASA is rushing things a bit to curry favor with Trump, who already doesn't really care for NASA. If he thinks of it he might very well SAVE TRILLIONS of DOLLARS by gutting NASA and starting a new MAGNIFICENT TRUMP SPACE and MOON RESORT comp…
The world won't go crazy this time the way we did in the 60s & 70s. But still a risky venture any way you look at it. Once on the trajectory out to the moon there's no turning around if a problem comes up. Pretty much committed to the planned 1…
Re: What's been driving up gold ...
https://people.com/trump-announces-massive-new-white-house-addition-gold-ballroom-11782823
Oil is getting clocked for over 4% today. Commodities in general down. I have 1 housing stock that's also down today. I…
I don't feel "crashed" yet but I certainly feel well-corrected.
Pretty funny OJ.
I feel like an idiot. That -27% one day tumble is impressive. I'd completely forgotten the extent. This gold & silver is big league stuff. I only play in the…
Just checked Bill Fleckenstein's Friday chart (which he imports from Bloomberg). That shows silver down 27.67% Friday alone to $83.67.
Wow - I hadn't realized it was that great a drop. Yes, it's fair to call that a "crash." But in context, it's s…
Thanks @Observant1 / Those conform to common usage. I'm saying there's nothing "common" about the precious metals. They have a history of erratic performance.
FWIW: Here's an interactive chart of gold's performance from 1978-2025. The spikes hig…
Silver bullion definitely had a crash on Friday (1/30/26).
In general, a rapid decline of over 20% from whatever level qualifies as crash.Flash-crash is a decline of over 10% in a very short period.
I beg to differ. Nothing in stone that I know of…
Sorry. I screwed up with the ticker for gold etf. It should be GLD. what I had earlier was GDL (Gabelli Great Deal Fund). I owned it (GDL) until it started going up so fast I feared people were buying it thinking they were investing in a gold fund.
Bloomberg has a story about the crash -
“How Chinese speculators set the stage for gold and silver crash”.
https://finance.yahoo.com/news/chinese-speculators-set-stage-gold-120029836.html
E Gads! Typical Bloomberg overhype. First time I've ever hea…
Nibblin' on sponge cake
Watchin' the sun bake
All of those tourists covered with oil
Strummin' my six-string
On my front-porch swing
Smell those shrimp
They're beginnin' to boil
Wasting away again in Margaritaville
Searchin' for my lost shaker of s…
Hey,@Derf. I bested your .56% loss with only a .55% loss for the day. That loss is exaggerated a bit however because two or three fixed income funds declared end of month dividends Friday, reducing share price proportionally. That "doughnut" mon…
Barron's features at least 3 stories on the precious metals in their Feb. 2 edition. I haven't had time to read, but wouldn't attempt to characterize the content even if I had. Steven Sears writes almost exclusively about hedging risky assets with o…
Re "a nice big Margarita to cool things off"
Brief love affair with Margaritas in late '97 - followed by 15 years of abstinence from alcohol. I guess it was the salt on the rim that made them so appealing. So, I'll pass. :)
I wonder if BlackRock used their renowned risk management system known as Aladdin Risk.
"Aladdin Risk is the market-tested analytics engine of our tech--available as a stand-alone offering or as part of the Aladdin platform. It combines sophisticate…
Rieder must have answered some questions incorrectly in yesterday's interview. Probably refused to make a compact with the devil.
However, one wonders why anyone would want a job where the guy who nominated you for the position later refers to you…
