Investing -- Rambling II -- December 7, 2023

Locator: 46250INV.  

AMZN: ditches Venmo.

NVDA: up $8 today.

APPL: have we seen the high for the day? Asking for a reader.

Bitcoin: what's driving the surge in price? A short squeeze and wow, it's getting so much worse as each day goes by. Shortsellers have lost %6 billion so far this year. Bloomberg .

WTI: another collapse. After touching $70 earlier today, now back to $68.83. Seventh week of negative numbers. Seven weeks. I wonder how Josh is spinning this.

GDP Now: for 4Q23 -- the drop from 5% to 1% has to be concerning, along with the plunge in the price of WTI, along with a number of other data points -- suggests a risk of a hard landing has increased -- previously 50 - 50, now 70 - 30.

Soft landing definition: if the Fed can reach its inflation target (2%) without causing a jump in joblessness. With that definition, we don't need to wait for six - twelve months for economists / historians to determine if the US was actually in a recession. Source.

Nasdaq is "ripping" today.

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A Tech Stock

One of my favorite tickers. Makes up an incredibly small part of my overall portfolio, but I've owned it forever, paying almost 6%; at a P/E off 19, a really, really "cheap" tech company. Most "techs" have a P/E  30 or greater.

 

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Can't Wait To Teach Judah About Investing

LOL.

I understand third / fourth generations squander inheritance.

Not gonna happen on my watch. 

My dad was the first.

I'm second generation.

Kiri and Laura, daughters, third generation.

Judah, above, is one of five in the fourth generation.

I will leave him with an understanding of investing.

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All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.