Anybody Buying Yet? Where’s the Bottom?

[Sytes]

The Cabal frothing or bumbling media content?

Regardless, good to know ETF wise to eval re-allocating portfolios to soften % in one sector, increase within another:

Hedge Funds Sell Tech Stocks ‘Aggressively,’ Goldman Says

(Bloomberg) -- In a month when Nvidia Corp. briefly became the world’s largest company, hedge funds were “aggressively” selling tech stocks, according to analysis from Goldman Sachs Group Inc.Most Read from BloombergSupreme Court Poised to Allow Emergency Abortions in IdahoSpaceX Tender Offer...

finance.yahoo.com

 

[406dn]

I don't follow this thread often, but here I am today.

I've been retired for a few months more than eleven years. For a variety of reasons, I eschewed using a financial advisor. Their high fees are a big reason. Compared to most retirees, I've been heavily invested in individual stocks for the entirety of my retirement. I keep enough liquidity, to avoid getting boxed in for day to day expenses.

The goal when I retired was to have the nest egg last our lifetimes and provide the same standard of living we enjoyed while working. Presently, I'd have to seriously phuck it up, or WIII blows us all up, not to meet that goal. There is a large probability that the money will outlast us significantly.

Everyone has to make choices they can live with. Some share of how we fare in retirement is the luck of the draw, as to when you retire. I caught a wave and rode it. Friends from work who retired a few years before me weathered a serious downturn. A few of them ended up having to take some part time work.

One friend, who used a financial advisor, suffered large losses in the market. He called his advisor and ordered him to sell everything and purchase an annuity. The advisor tried to convince him to hang tough, but he wasn't having it. So, he ended up with an annuity that was 33% smaller than the one he could have taken as a retirement option from the company. I blame him and his advisor. He is one of the more anxious people you are likely to meet, and the market's volatility was a poor match for him. A good advisor should have picked up on it, and he should have told the advisor that, as well.

No one gets it right, every time. It is not certain, but the more time you are in the market, the more likely you will be rewarded for your investments.

 

[BigHornRam]

Harsh analysis here.

Trump's Debate Win Lifts Futures Amid Biden Exit Talk

Biden's odds of claiming the Democratic nomination dived on prediction markets.

www.investors.com

I like my steak medium rare, @406dn

 

[antelopedundee]

Have you taken your cost base out?

I finally did in 3 of 4 accounts so it's house money time.

 

[SAJ-99]

This market looks more exhausted than Joe Biden at a debate.

 

[Sytes]

Does Who Is President Impact the Stock Market?

While administration policies and appointments can somewhat influence the economy, the president's ability to impact markets is generally indirect and marginal.

www.investopedia.com

Interesting method of titling the article though good read otherwise. Maybe bad read for others... Nature of internet forums.

 

[Sytes]

Haha! When big $ boys get into a wizzing match!

Elon Musk vows Bill Gates will be ‘obliterated’ if he doesn’t stop shorting Tesla

If the Optimus robot somehow catapults Tesla to Musk’s $30 trillion market cap target, bears like the Microsoft cofounder could be wiped out—but that is a big if.

fortune.com

The duo’s rivalry became public after an exchange leaked in 2022 showing the world’s wealthiest entrepreneur had refused to support Gates’ charitable work upon learning the latter still had a half billion dollars riding on a wager the Tesla stock price would fall.

Musk’s warning that shorts will be “obliterated” is, however, a bold claim for someone whose company had been the worst-performing name in the S&P 500 this year.

 

[SAJ-99]

Does Who Is President Impact the Stock Market?

While administration policies and appointments can somewhat influence the economy, the president's ability to impact markets is generally indirect and marginal.

www.investopedia.com

Interesting method of titling the article though good read otherwise. Maybe bad read for others... Nature of internet forums.

I generally agree, but not sure what you mean by "tilting". It didn't seem to have a bias. The market right now is watching polls on Congress and President races. What matters to Wall Street is taxes.

 

[Sytes]

Titling. Not tilting. They look close to the same at first glance.