Rush51

I still have my sights on HOOD in the low $30s.  This might be one of the better stocks over the next 5 - 10 years.  It's that good, and dwarfs brokerage giants Fidelity,  Vanguard , and Black Rock.  But it has demographics on its side.  It trades so wild and violent, that I'm willing to let it come in..... 

Quote: Originally Posted by Rush51]Bought a small position in ETN,  (1/2) of normal size position,  @ $283.73, on today's downdraft in the Market.      I neglected to mention earlier that I bought a very small position,  (1/5) of normal, in HOOD @ $36.26 on March 10th, the same day I bought a position in NVDA.  I really anticipated this thing to keep diving lower, which explains the very small position size.  I'm happy I have a starter position, but I really want to increase the size of this thing, but will be patient and scale into this stock further at lower prices (I hope).[/Quote]

I bought the other 1/2 of this position in ETN at $247.03... 

I had absolutely no expectations of buying more GOOGL..but the opportunity presented itself.   This has been my biggest ( stock)  holding over the years  by far, and a 3x bagger in about 7-8 years .  I just sold it for the first time in the beginning of the year about 1/3 of the position , at close to $200.  Then , a few weeks ago, I decided if it got to ridicously cheap again at levels at $150/ share, I would buy again..  

So, today, before market open I put in a limit order at $150 that executed at $148.10.  I saw the pre market turbulence,  and knew I would get a good price...

GOOGL is a phenomenal company,  but it is not w/o its challenges.   DOJ antitrust concerns,  a threat to its Google search  dominance,  and a belief that companies will turn off their  ad spend ( a cash cow for GOOGL).

I am well aware of the competitive threats to this company.   This is a good buy. 

Short term pain,  for Long Term Pain.   That's the Tariffs plan. 

Trump is off the rails,  and could've just stopped w DOGE, the border fix, and extending the 2017 Tax Cuts...  that would have been a  successful 2 year stint, but his escapades into Tariffs is  misguided, and all anybody will remember...

I'm so happy to hear you pulled out your money in the market before all this.  After all, you predicted the depths of this if anyone was paying attention.  

[Quote: Originally Posted by Raiders22]@Rush51    I do not know how much reading you like to do.  Or if you are even interested.  But if you ever get time speed read his paper.  If you get a chance I would be interested I what you think.  It actually have no issue with him and agree with a lot of what he proposes.  But he and Trump have been friends forever.  Sometimes that might cloud a person’s assessment of the situation.  Maybe Trump is solidly behind his ideas no matter what.  He says he is. The media and even the business shows are rarely interviewing anyone but complete doomsayers.  There a couple of the known gurus that they let on, but the panel over talks them. But it will be interesting to see how it transpires as the pressure mounts.[/Quote]

Send me a link  

I see he was a big wig at Cantor Fitzgerald.   What I find interesting is that the Treasury Secretary,  VP Vance,  and this guy all have ties to VC, wealth management type of stuff.... and are all  big tariff proponents.   3 of a kind... 

I've been steadfast from the beginning on my beliefs for free(er) trade, but this Administration is trying to right many decades of what they perceive as " wrongs" in a few years.   

I'm always interested in hearing other people's perspectives.   If there's anything good that will come from this Tariffs  Failure,  it's that Vance's Presidential aspirations can be torpedoed.   He's hitched his wagon to Tariffs from day 1 .  Good riddance to him.... 

[Quote: Originally Posted by kcblitzkrieg]@Rush51  The market is basically flat to year prior this time.  it has a long way to go down.    They, as in Trump and Bessent, are doing exactly what they have told everyone they wanted to do.  Some people listened and others did not.[/Quote]

Market performance over 1 year is completely irrelevant.   What does this have to do with Trump's self-inflicted damage to the Market... and potentially the economy if this goes on much longer.  This is all Trump, and market participants did not see this level of rearrangement of the global (trade) order to this degree.... thus the extreme selloff.   You're being naive to suggest "some people"  saw the wrecking ball Trump would swing.. 

[Quote: Originally Posted by kcblitzkrieg]@Rush51  this cannot, ... and will not continue is my prediction.  What exactly "cannot and will not continue" ??[/Quote]

... The absolute disaster of a wrecking ball he has taken to the stock market and , very likely, the economy.  

[Quote: Originally Posted by cd329].  Once again basic common sense is not being used by trumpy and his ball licking advisors.  Its funny, every economist interview i have watched, they have stated the same common sense things i just posted. They also added that getting all the factories back here would take decades. Our Country is addicted to cheap stuff and we are never gonna have cheap stuff made here, thats a fact.  That republican piece of shit ronald reagan was the dumbass that created the whole mess of letting companies move overseas.  Hd he stopped it back then, things probably would be different today, but the fact is the genie has been let out of the bottle and you can put it back in.  The truth is consumers are no different then drug addicts. Drug addicts are addicted to drugs and consumers are addicted to cheap stuff. In 60 days trumpy has been able to destroy the country having the strongest economy of all the other countries in the world.  We have rebounded better then all these other countries and trumpy has taken a blow torch to it and he doesnt give a fuck. After this huge mess he created yesterday, where is he today? Hes playing golf in Flordia, which all of us dumb asses are paying for once again. This ass clown plays more golf then the golf pros play. People especially the maga faithful havent figured out, that hes not doing this for the country. Hes doing this for his insane sick power hungry ego. He wants people and countries to come to florida and bend their knees to him. If the republicans in the house and senate had even a tiny piece of backbone and werent worried about getting voted out of office, because of trumpy threatening them, they could have stopped this fake bully and wanna be dictator in a heart beat and stopped trumpys plans in a heartbeat. But they wouldnt do it, cause every last one of them are nothing but pussies. They should go use their govt medical insurance to go get neutered cause there really is no use for them to have their testicles anymore.   People that want our country to look like what trumpy wants it to look like, are some very twisted people. Trumpy isnt a God, hes just 1 other person, a very awful inhumane person In other news today, i watched fox news all day just to see how they would cover today. Sure enough they tried to gas light people into not worrying about the stock markets, 401k's, pensions, social security, prices of goods. Throw in all the stories they did about fentanyl and other drugs coming into the country, i truly dont know how any of the people on that station look themselves in the mirror everyday and dont know how they fall asleep. Every person on that network are just gas lighting trumpy flunkies.an_brick[/Quote]

It's not very often I agree with you ( insert huge amount of sarcasm), but the areas in bold are particularly accurate.   To add on, Who in the hell in this country wants to manufacture tennis shoes, t- shirts, wicker baskets, and any other assortment of consumer goods I could find in my neighborhorly stores... good luck having a manufacturer do so profitably w American labor. 

[Quote: Originally Posted by Raiders22]@joe pockets   I think you are right.  I hope not for everyone’s sakes.  But hard to see otherwise. But I think Trump is not really that concerned about the market.  I think he realizes there would be some overreaction from it while things take shape with the trade.  Some are countering, some are canceling, and some are going to negotiate.  It will be interesting to see if Trump gets as much as he wants from most of them.  But the market never ever likes uncertainty.  I really think more of this is coming from Lutnick than people think. I get that a Trump has talked about this since the ‘80s, or whenever.  But I think now he has someone in his ear that he feels is on the same page and that he trusts.[/Quote]

Raiders, I think you're right... it wouldn't surprise me if Lutnick's head is on the chopping block as soon as this weekend.  Trump needs an out, and has gotten some very bad policy advice on Tariffs, .... this cannot, ... and will not continue is my prediction. 

[Quote: Originally Posted by Rush51 , on March 10, 2025]*  NVDA - I neglected to mention NVIDIA earlier..  I've never owned it, and just pulled the trigger on this one at $105.78 at 1/4 of a normal position size for me.  This is obviously tied into the AI investment theme with SMH.  I may increase NVDA to 1/2 of a regular purchase size as (if) the market goes lower.  In no way shape or form do I think I'm buying this one at the low, thus my small 1/4 position size...[/Quote]

I bought more NVDA today at $103, at the same 1/4 position size as before..  So, this brings it up to a 1/2 position size, with no further buy plans .  I already own the SMH at roughly 1/2 position size, and there is obviously great overlap between the two, so that completes NVDA.   

I would normally space out the buys to get a much better discount the second (or third) time around, but I was anxious to complete the NVDA position, and am happy it came back again in the low $100s.  On a related theme, I will plan on waiting for HOOD to come in and get a better price than the first time around.  I'm looking for something in the low $30s before buying any more, which is almost another 30% drop from here !  

@artdb

 Thank you !  You as well..  

HSY seems like a classic stock that should do well in this type of chaotic Stock Market.  And I see it did well today, too,  in an otherwise absolutely horrendous day for the Market.  Hershey's performance today almost leads me to believe the cocoa (and all/most other ingredients) they use are sourced here in the U.S.   And I'm guessing Hershey's market is overwhelmingly located here in the U.S., with a very small minority in foreign markets sales.  Don't know if any of this is true or not, but today's price action seems to indicate it may be.  Also, chocolate probably benefits from being a "go-to" indulgence when it feels like the world is a little chaotic. 

I'd stick with it if you already own it...and will probably be a steady winner long-term if you're thinking of buying.   It almost feels like a Buffet-like stock that's a long-term winner, been around for decades, and  works in both good times and bad.   

Forget about about UPS,  Amazon has pretty much eliminated both ( USPS and UPS)  to their " last mile delivery" .  Again, do I need to repeat how great Capitalism is ?  It has displaced one private operator ( UPS ) , for a much bigger and efficient operator ( Anazon).  USPS is a dinosaur in a world of operations efficiency. 

On the road.... Has anyone bothered to take a look at how many semis are Amazon these days ? FedEx and UPS are dwindling....  

@Raiders22

 The classical definition of a recession is not left to feelings,  but to 2 consecutive quarters of contraction .  And We haven't even had 1.  

But I do realize some economists like to insert their own feelings into what a recession really is.... and you correctly point out that the great majority of them should not be trusted and are wrong ( add stock analysts to that group). 

[Quote: Originally Posted by BigGame90]So do you think these corps that ditched the US will just return because of tariffs@wallstreetcappers     -keep asking this and no response, why is it that your side thinks government employees are wasteful?   Have you ever delt with the DMV? That's all I need to know about gov't workers. On occasion I work with the govt bodies in my cities, they get Fridays off, every odd "federal" holiday off, they can delay as long as they want and there's no one above them to crack the whip to get shit done. So yeah, getting paid for a shit ton of holidays while private is at work getting shit done. I could get into details about my experiences, but I don't want to. My thought is the govt employees are not in a hurry to get work done, they take their sweet ass time and hold everyone else back. I watch how the spend their money on projects and the quality of the work. Have you ever seen companies bid on govt work? Throw the high number out and someone will get lucky.    I don't watch any news. Period. I turn that shit off.   I was responding to your message as I was reading and I'm going to leave the DMV part there because that is a microcosm of the govt work force (that does not mean 100% of govt employees but you get the gist). How the hell can the DMV be so back logged? Why hasn't anyone gone in and fixed the DMV? I imagine it wouldn't be difficult If the DMV was private, that shit would be dialed in because without efficiency, they wouldn't be in business. There's no unlimited funding waiting like there is with govt work. When it's your own capital on the line, you watch every penny. When you have unlimited funds, you slush that shit around because it's not yours. Just human nature to not give a damn about others money.  Would you have said the same about Elon if he was running DOGE under Biden and looking to bring more tech and efficiency to the govt? Maybe DOGE is a big FU to the govt for what they put everyone through during covid. With AI taking over private sector jobs (and govt) what's the difference with DOGE getting rid of those they deem redundant and inefficient? I know the answer, we need to keep giving participation trophies, cough I mean checks out. Maybe this is a kick in the ass to those other govt employees to stop slackin off and get shit done in a timely manor so everyone can keep moving forward.    Remember when liberals loved Musk and didn't get a damn about his help from the govt because they were waiting for the cars to be delivered? All the liberals that thought the "cLeAn EnErGy" was going to be the next oil and they started to destroy the world to make it so? Go Musk.[/Quote]

And this is what makes Capitalism so great.... and Government so awful.   Because the government has  no accountability.  That's the most important point.  The spigot of taxpayers money never turns off for the govt..  so, yeah, Elon, keep digging for waste , fraud,  and abuse, and fire these deadbeats that aren't working for the American Taxpayers.   It's about God Damn Time 

@BigGame90

@ WSC ; your previous statement 

"So do you think these corps that ditched the US will just return because of tariffs ? "

My reply above is in reference to this. 

[Quote: Originally Posted by wallstreetcappers]@Rush51  

This would mean a loss of BILLIONS in foreign investment in PPE, how long will it take for the fake tariffs to equal or be greater than the loss on those investments AND the increase in labor costs in the US, AND (a big and here) the cost to build/rebuild manufacturing in the US? How long even if they decided tomorrow to come back to the good ole USA would it take for those imaginary manufacturing plants to be in use and functioning? I have not seen reference from any of your side about the nuances and loopholes of these fake tariffs because the headlines you here in the media are NOT what the truth is about how these will work and how you get around them. Then toss in the cost to the consumer on the tariffs to our goods and products, these tariffs are such a scam waste of time they are useless noise which will go nowhere.[/Quote]

No, which is why I used the word " trying " more than once ... it is Trump's "  goal"  to bring back these auto jobs to the U.S., but the "reality"  will be much different IMO,   or very few auto jobs coming back.

You already made reference to this important point.  It is very expensive and would take years to build these auto plants.   The pain point  would have to be really high before an auto CEO would commit to such a thing, I would think... 

Yes, I'm aware of the high debt that consumers hold.. they haven't had much reason to change their behavior when they are confident with their job is my assessment.  But that's out the window now w all the uncertainty in the economy.  That is just an added layer of concern  for Consumers and our Economy ... and consumers make up 70% of the economy

I wrote earlier in another thread about the government layoffs.. what makes Trumps timing so bad on this is that he ( ideally) would want a strong private economy to absorb those layoffs.   But his Tariffs Adventure throws a wrench into CEO planning.... and his timing couldn't be any worse. 

The unemployment rate since  end-Covid looks fairly muted if we pull the lens back and look at a 10 year chart.. and the weekly jobless claims data isn't showing any signs of weakness to this point ;

https://tradingeconomics.com/united-states/jobless-claims

But Let's see what happens this Thursday and Friday when we get new data points for both.  Trump is really throwing a wrench into the economy,  and company CEOs aren't going to invest when they don't have confidence what Trump will do next....  "uncertainty" is the enemy of growth... That is the problem we will have to contend with for the foreseeable future....