All month:
- sanctions not working;
- Russia selling all the oil it can produce;
- Russia self-insuring its tanker fleet to get around sanctions;
- India buying Russian oil -- Russia oil is now India's #1 source;
- Russia selling oil at far higher price than "cap" allowed by sanctions / EU;
- Russia will cut production by 500,000 bopd in March because it simply doesn't need all that revenue;
- yeah, those were the headlines readers linked me throughout the past month;
- today:
All month:
- this is all I heard all month; even to the point I said, "it gets tedious."
- I haven't looked at my portfolio today but based on what I see on the CNBC crawler this will be the best day I've ever had since I began investing in 1984;
- I am fully invested; I am always fully invested; cash? Don't have any; it's parked in ATT;
- seriously; I park all cash I get, no matter how little into ATT, buying and selling ATT, using it like a checking account
- my "40-30-20-5-5" new money allotment: big cap (e.g. DE, UNP) - semis (AAPL, TSM, AMD, AVGO) - oil (DVN, CVX, CHRD, EOG, HES) - mRNA (Big Pharma) - Daimler
- I've never seen a crawler like the one I'm seeing today
- worst sector right now: utilities. SRE, one of my biggest holdings, only utility: up 1% today
- SRE for me is like KO for others; I haven't bought any new SRE in years, but dividends are such I can't "afford" to sell and its cost basis -- probably trending toward $0.
So, this will be up for 30 minutes, then taken down.
The above is a snapshot in time.
Next week, the perfect storm may hit and I may be homeless, but today I'm feeling pretty good.
The CNBC "Fast Money" folks yesterday said they couldn't understand this market, why it was doing so well. I wonder what they will say today. Unfortunately I will miss the show today -- I will be with Sophia (Jiu-Jitsu competition today) and Olivia (high school soccer).
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