Anybody Buying Yet? Where’s the Bottom?

[BigHornRam]

Looking to add a little here. Cherry picking through exposures. Just like to keep you informed so you know I'm not always thinking one way or another. Reasoning - Down over 5%, so "on sale-ish", March is often a seasonal bottom, Tax selling season will end, option expiration tomorrow will switch hedging flows (kind of depends on how investors hedge going for forward, so this is fluid). Still remains mostly about a stretch of water in the Middle East, but can't bet much on that. I'm certainly going to have to hold my nose to buy some of the stuff. Housing stocks, Financials, healthcare, tech, pretty much everything but Energy is oversold, yet still only down modestly. Crazy in a lot of ways.

Tesla is the canary in the coal mine for me. When that thing starts tanking, time to run for cover.

 

[jryoung]

Feels like you could do a lot worse than adding a bit of Visa, MC or AMEX right now.

 

[406dn]

I heard this morning, with CNBC in the background, that our national debt stands at $39 trillion. It increased by $1 trillion is just the last five months. I guess that would be ~$200 billion/month, ~$46 billion/week, ~$6.6billion/day. The per capita share of debt is ~$113,000.

While I am left of center generally, the fiscal recklessness of our government/ society has bothered me my entire adult life.

The debt has increased by $2.8 trillion dollars since Trump took office. That's about 7% of all of the debt the nation has incurred. The big beautiful bill will accelerate the growth of the debt, going forward.

Where this leads us, idk, but it won't be a good day, if we ever have trouble convincing people and governments to loan the US money.

We've whistled past the graveyard for a good long time. My best guess is that is the plan, if there is one.

 

[npaden]

I couldn't figure out why my Roth IRA was green today. Forgot that I had some LITE shares in there from a LONG LONG time ago when it was JDS Uniphase. 1,000% return in the last year isn't terrible. Up 20% this week with all the other stuff stinking.

 

[jryoung]

I couldn't figure out why my Roth IRA was green today. Forgot that I had some LITE shares in there from a LONG LONG time ago when it was JDS Uniphase. 1,000% return in the last year isn't terrible. Up 20% this week with all the other stuff stinking.

JDSU, that's a throwback, they were my client when I was at PwC from 2005-2010. They were a stinking pile of shit back then suffering from the merger of JDS and Uniphase and legacy woes from the .com bubble.

 

[BigHornRam]

I heard this morning, with CNBC in the background, that our national debt stands at $39 trillion. It increased by $1 trillion is just the last five months. I guess that would be ~$200 billion/month, ~$46 billion/week, ~$6.6billion/day. The per capita share of debt is ~$113,000.

While I am left of center generally, the fiscal recklessness of our government/ society has bothered me my entire adult life.

The debt has increased by $2.8 trillion dollars since Trump took office. That's about 7% of all of the debt the nation has incurred. The big beautiful bill will accelerate the growth of the debt, going forward.

Where this leads us, idk, but it won't be a good day, if we ever have trouble convincing people and governments to loan the US money.

We've whistled past the graveyard for a good long time. My best guess is that is the plan, if there is one.

The country is deep in debt. Cities are deep in debt. Citizens are deep in debt. It's a problem.

Chicago’s $41 billion financial hole exposes city’s pension crisis | Illinois | thecentersquare.com https://share.google/AHh46Nxrif6uVOuDU

 

[npaden]

JDSU, that's a throwback, they were my client when I was at PwC from 2005-2010. They were a stinking pile of shit back then suffering from the merger of JDS and Uniphase and legacy woes from the .com bubble.

That's why I was shocked that it was green today. I just never sold it and it has sat in my Roth IRA rotting for like 20 years now. Then 10X in a year.

The VIAV part of that spin off is up 162% in 20ish years. I guess an annualized 8% return isn't terrible but for sure under performing the rest of my portfolio over that time frame.