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Haven't heard much from Alan in a long time...
https://www.cnn.com/2018/12/18/business/alan-greenspan-stock-market-party-over/index.html
Rates raised again! 7 times under Trump.
Selloff underway
$35k out of my 401k since Oct...$5K down the drain...
So the tariffs have made the materials for a kitchen renovation more expensive and the money sitting in a 60/40 fund is now at break even from the fund purchase date. I should have taken my gains in August. Next year, maybe.
I'm not worried about 401k since I'm far from retirement. I just bumped up contributions and will increase my contributions as the market declines.
So the tariffs have made the materials for a kitchen renovation more expensive and the money sitting in a 60/40 fund is now at break even from the fund purchase date. I should have taken my gains in August. Next year, maybe.
I'm not worried about 401k since I'm far from retirement. I just bumped up contributions and will increase my contributions as the market declines.
Starting to think that way as well. As much as I hate the fed, think they are slowing down the economy nicely. My fears of overpriced stocks combined with artificially low interest rates are being relieved, tech market unwound just as I thought. The masses are starting to sell and cryptos are pretty much an afterthought. Good time to hop back in a bit. Worst case if I buy back in now it will be at a bargain from when I sold.Finally, almost a buying an opportunity. I think we're nearing the point where panic has over taken valuations. S&P forward PE are below historical averages. I've been sitting on the sidelines for a while and it's looking like it's finally coming close to jumping back in.
According to the Complaint, the Company made false and misleading statements to the market. NVIDIA touted its ability to monitor the cryptocurrency market and make rapid changes to its business as necessary. The Company claimed to be “masters at managing our channel, and we understand the channel very well.” NVIDIA also claimed to the market that any drop off in demand for its GPUs amongst cryptocurrency miners would not negatively impact the Company’s business because of strong demand for GPUs from the gaming market. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about NVIDIA, investors suffered damages.
Yeah its misleading, stupid is more like it. People were in such a frenzy they didnt have to say it. I mean, what logic says "we are doing great trying to meet demand for a raging crypto market that is driving sales through the roof but if those raging sales go away we will be doing just as good?"https://finance.yahoo.com/news/important-investor-alert-schall-law-223000060.html
NVDA may get a class action against it for misleading investors.
Yep.Finally, almost a buying an opportunity. I think we're nearing the point where panic has over taken valuations. S&P forward PE are below historical averages. I've been sitting on the sidelines for a while and it's looking like it's finally coming close to jumping back in.