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Misc Stock Market

New record highs today for Dow, S&P, and Invidia! Apple and Nasdaq not too far from records, themselves.
 
I've been fairly quiet past couple of months...been a great year. But, I think the market has put in a 2024 top....I also think the next 3-4 months could be ugly. Inflation is still a problem, yet Fed is cutting rates, which makes no sense. I think unemployment ticks up next year. I am leaning towards 2025 being a down year...nothing big...maby down 3-5% or something.

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Triplephase93 said:
Any thoughts on how NVDA earnings report will affect the market?
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I don't have high hopes for NVDA in the near term...it opened 2024 at roughly $50...it's almost $150...so up 3x. It's trading at 35x sales, which is just absurd for it's size. But...I don't think it's going to rollover hard either. It's growth is legit but it's yoy comps will get much harder going forward. They will need to deliver 30-40% growth next few years to justify it's valuation, on top of very tough yoy comps. Maybe they can and maybe it's valuation will just stay irrational.

But back to your original question...they need to guide higher or this market pulls back.



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also bought a bunch of TQQQ this morning at 77.30....I have been rather quiet the past week or so and now just some quick swings.

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From Jan-June I was very heavy tech and since the July/Japan mini crash I have switched to primarily SPY. I did buy some TQQQ today but I don't know what to think of tech. RSI is weak...in the 50's but it's above the ema's and trying to hold the July high. I really don't know what to expect rest of this year...

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