It’s Probably Nothing

9 Replies to “It’s Probably Nothing”

1. Shrugs … Bitcoin still at $110k … not bad even if you bought it $20k. Now if you leveraged a buy at $120k … you needed your head examined anyway.

2. I buy stocks. Things that make other things.

   1. I understand your pov, but with the majority of trades being done in milliseconds by non-human algorithms, the concept of individual shareholders taking an interest in a company’s mission statement is a tich outdated.
      Today’s bloodbath being a perfect example.
      (Precious metals were left pretty much unscathed; in fact I’m pretty sure Gold and Silver will be perceived as a safe hedge.)

      1. It’s only outdated to those who choose to view it as outdated. There’s nothing stopping investors from doing it the old way.

         And these automated traders might even help old-fashion value investors, for the automatic traders do not care about the intrinsic value of things. This creates price fluctuations that the value investor can exploit.

   2. Stocks that make other things? like soup stocks?

3. Today’s decline is just a warm up for a prolonged bear market or a teaser for one to come from a higher pivot point. The stratospheric Mag 7 dragged the rest down. Next week should be interesting.

4. Next week I will invest in the market.

5. That “blood in the streets” moment is close and closing at a much faster rate than most are even aware of, but it ain’t here yet.
   And this time that will be when everything changes.

6. My diversified portfolio, including 14% allocation to gold, went down only 1.1%. However, the fact that gold has gone up so much so fast says to me that there’s a lot of danger ahead, not just stocks but bonds too. It’s time to consider Bernstein’s ideas on Deep Risk, i.e. when wars, confiscation by governments, prolonged hyperinflation permanently destroy one’s savings and capital.