Down goes the Dow

I'm finally on the AAPL bandwagon, I sold some ETFs and laggards and bought it earlier this week. It's now my biggest holding. It's ironic because I consider the iPhone inferior to my Samsung Galaxy... (sigh)... I may have to buy an iPhone, grow a beard, drink Starbucks lattes, and start wearing skinny jeans next.

Well, at least you get the stock split, if that makes a difference.

Ghost of Igloi wrote:

Well, at least you get the stock split, if that makes a difference.

Why would it?

I've been fighting this narrow market the whole way...I did buy into tech, but mostly with an equal weighted tech fund to avoid over concentration on the tech giants...but that was the wrong move. I do own a good size piece of VGT, which is up 50% over a year. I'm sure I'm overweight tech but not by much. On the other hand, the SP500 is around 25% tech so that's a lot of tech we all own.

I just can't believe that the stocks of the giants are on a sustainable course to continued outperformance. Anything can happen, but what...will 4 stocks be half the SP500's value? Does that sound reasonable? Nah.

I do have some lots of VGT from 2010 - not a lot. But seeing '+433%' in Quicken does cheer me up.

I'm sure some number of investors have own nothing but tech and are screaming rich right now.

Kudos, idiota.

Would be interesting to hear from Racket, in that i advised him into tech a few weeks ago.

As for me, as you know, I've been in tech (FANGMAN) and ETFs (leveraged and non-leveraged) for a few years. One account has an overall gain on aaple position of 2,400%

Ghost of Igloi wrote:

https://twitter.com/McClellanOsc/status/1296936130936360961

This guy obviously never heard the saying, “As goes lumber, so goes the market.”

seattle prattle wrote:

Would be interesting to hear from Racket, in that i advised him into tech a few weeks ago.

As for me, as you know, I've been in tech (FANGMAN) and ETFs (leveraged and non-leveraged) for a few years. One account has an overall gain on aaple position of 2,400%

idk what we talked about a few months ago but my MSFT and other tech holdings have been doing pretty well.

I've been too busy at work but I'd like to get back into some various futures and commodities contracts. That's where the real gambling can be had, I just don't have the time for it at the moment. I think palladium has more room to grow and my dark horse pick : lean hogs. Never bet against Americans' ability to eat

Racket,

Not my area of expertise. True futures contracts require margin, and high minimums, from what I remember. They can go far into the negative. Do your due diligence.

Igy

Racket, my bad - i meant Maserati.

GS continues to be optimistic.

https://twitter.com/JimPethokoukis/status/1297662762630422534?s=20

So they are saying no 2nd wave in the north hemisphere, and assuming a vaccine is out in 2021.

Plus then without retail you have a bunch of completely useless people who can’t get jobs elsewhere.

Who is “they”?

Ah, when is Goldman Sachs not optimistic? This is a huge bubble, explained by a belief that flooding the economy with liquidity heals all. Of course that is nonsense, but everyone largely believes it. So there you go. When does it end? No one knows, but when it does few will be prepared.

Ghost of Igloi wrote:

Ah, when is Goldman Sachs not optimistic? This is a huge bubble, explained by a belief that flooding the economy with liquidity heals all. Of course that is nonsense, but everyone largely believes it. So there you go. When does it end? No one knows, but when it does few will be prepared.

Don’ t you ever tire of being wrong?

You see nothing. You’re blind, like most investors. Nothing special, a waste of posting.

Go Fats!

“I play the stock market like I play Monopoly. If I land on it, I’m buying it. I don’t care if it’s Baltic, I don’t care if it’s Park Ave… When I land on “Pass Go,” I try to buy Go. When I land in jail, I’m like, can I buy jail?… I just buy, buy, buy. That’s how I do stock market, that’s how I play Monopoly.“

—Dave Portnoy

:-)