Stock Market is the bottom in?

[jsasker007]

You have not contradicted anything I have said. Your tone suggests you intended to contradict something I said, but you actually supported what I have said.

That's why I said I'm not singling you out.

 

[buckvelvet]

OKLO is basically a meme stock.

Good thing I don't own any, I just remember folks talking about it.

 

[bwoods11]

Buffet is a business man. And a good one. He is only concerned with whatever will make him money. Not trying to single you out just found a post to respond with my .02 cents.

He’s been a great investor, a great person. His success is basically unique over time ... I love his quotes …I have learned a lot from his strategy. My approach is just slightly different.

I’d say my philosophy is a hybrid between Warren & Robert Kiyosaki. The author of Rich Dad/Poor.

 

[Bowsnbucks]

Note
I was comparing Buffett gold to cash (not stocks) . I understand he’s 94? Maybe didn’t want to mess with it .

My point was he could have said we are buying $3 billion in gold bars and the market jumps 10% guaranteed!

You could see banks, individuals, hedge funds , countries such as China trying to buy up gold . It was kind of a non brainer during inflationary times .

It’s gone up fast, it might correct some now ?

I understand the point you made about what would happen if Buffet bought a batch of gold. I don't doubt it either that gold prices would jump.

I don't know how old you are, but for decades money managers didn't advise putting more than 5% of anyone's portfolio in gold - and that was what they considered "play money". Anyone can do as they wish. Younger folks have a longer timeline to recoup any losses investing in metals.

 

[Bowsnbucks]

Buffet has said himself that he views the overall market as overpriced, PE's at very high levels compared to historical levels. He can sit on that much cash and draw great interest while in "relative" safety. Buffet also said very recently that it won't be long before Abel takes over for him.

I didn't word this correctly. ^ ^ ^ When I said Buffet could draw "great interest" - I meant he could draw a great amount of money sitting in cash with the hoard he has. With the amount of cash he has, I'm sure he can negotiate for a better-than-us interest rate.

 

[hunts_with_stick]

Most people don't buy physical gold as an "investment" per se. They buy it as a hedge.

 

[bwoods11]

I don’t have 5% in gold/silver. I wish I did! Fortunately bought some at much lower prices .
If I had Warren Buffett type money I’d have 1-2% in Gold & Silver—which would still be a huge stack of bars !

 

[Angus 1895]

My hedge funds instead of gold are vintage Marlins & Winchesters & Savages…..with a few others.

This palantir deal vaguely resembles Crowd Strike no?

It’s just will palantir out grow its value?

Me thinks tied in with the government like they are probably not.

 

[SD51555]

Anyone wanting a new way to lose money, here's what's going on with APLD. It's taking on water right now. It's hit a low, and this is where I say tee off the peaks. I'm starting to sell short term puts to try to snag shares even further below where it is now. It's small money, because if the bottom falls out of this, I don't want to be sitting on a mountain of this. If it drops another couple dollars per share, I'll do more.

 

[bwoods11]

I’m buying more Applied Digital, I know it’s very risky! For me it’s either Home Run or strike 3? I’ll survive if it goes to $2

 

[PatinPA]

oof I'm down 4.5% today and around 10% in the last 3 business days.

 

[Howboutthemdawgs]

Trump is on dangerous ground. He’s losing this economy. Mid terms will be a blood bath without a major reversal

 

[Bowsnbucks]

^ ^ ^ Just read an article from Fortune Magazine. In it, billionaire hedge fund manager Steve Cohen (also owner of the N.Y. Mets) said DOGE and tariffs, plus the austerity position of the government now - will likely lead to a market correction. Cohen said he's turned bearish for the first time in quite a while. Lots of people being fired / eliminated (Doge and AI) will have negative consequences. He also said tariffs are a tax - and someone will be paying it. Tit-for-tat with other countries. (My take) ---- companies in any country won't eat those taxes - we'll get stuck paying them. Companies' bottom lines will be hit - or ours will. Any guesses whose???

 

[jsasker007]

The tariffs are making other countries pay more to sell their goods here. Giving more incentive for things to be made right here in America. We've been having our milk money stolen by most other countries where we were paying more in tariffs than the countries we're trading with. The playing field is being leveled making our trades with other countries more fair. We are done paying everyone else's bills. Media will once again tell you Nazi Trump is destroying our world because he's pure evil. jmho

 

[jsasker007]

We should have already lost our democracy also according to the slanted and never correct media.

 

[H20fwler]

Yes market is down, I’m OK with it to get the country back on track.
I have been hearing the downturn will be short lived maybe 2-3 months. Then as things settle and economy gets back above water the market will swing, I also look for interest rates start to drop by end of year which should work out good for us building a house next year.
I believe foreign stocks are worth looking into right now for the short term.

 

[bwoods11]

Reminder the market crashed during Covid , but was up by the end of the year !

Biden had a -22% downturn in 2022, but he finished up over 4 years. I wouldn’t sweat a month of choppy trading . Look for good buys !

 

[Mortenson]

S&P is down .8% the past month. Not much of a crash yet.

 

[Brian662]

Reminder the market crashed during Covid , but was up by the end of the year !

Biden had a -22% downturn in 2022, but he finished up over 4 years. I wouldn’t sweat a month of choppy trading . Look for good buys !

They also printed cash and handed it out like we've never seen before in 2020 to keep the market/economy going. Not to mention dropping rates to near zero for the corporations to do record stock buybacks.

 

[buckvelvet]

You guys that have large accounts, do you mess around when things are unsteady, do you sell making like $0.20 cents a share on something that smells rotten and move it to other stuff or what is your strategy? It seems like a lot of you have your own accounts where someone else isn't managing your $$ but you're doing it yourselves?