It looks like the Generative AI market finally caught up with ARM, or rather the Momentum and Trend Bros got a hold of it. Yes, ARM hit a new all time high and that’s exactly what I want to see after an IPO. ARM IPO’d back in September 2023 and starting a slight upward trend in November. Add in the NVDA craziness and “AI this” and “AI that”, it’s no wonder ARM is going to the moon. ...

AH yes, light the house on fire and then call the fire department to put it out. Then complain when the fire gets out of control and starts burning down your neighborhood. I’m talking about the Mortgage Backed Security (MBS) mess in 2007/2008 and how the big banks gambled with our economy and almost took down the entire global financial system. Jamie Dimon, head of JP Morgan, agreed to pay $13 billion dollars to settle claims that it had misled investors in the years leading up to the financial crisis (via Vanity Fair). There was even a lawsuit against him by the Feds but it was dropped after the fine was paid. ...

David Einhorn, President of Greenlight Capital is whining about the millions of passive investors out there. They’re mucking up his returns! How dare they! (Greenlight) It is no longer going to pay 10 times earnings for a stock expecting earnings to get 15% better and receive a 13-times-earnings multiple allowing Greenlight to make 50% over a year and a half. That’s because with the rise of passive investing, “there’s nobody who is going to pay attention to notice the earnings were 15% better … if nobody notices, nobody’s there, nobody’s going to buy, nobody’s going to care,” Einhorn said. - via Marketwatch ...

I was reading the news this morning about how AMD is getting more investor’s interest as a competitor to NVDA’s GPU chips. This always happens when a momentum/trend darling gets too expensive or too crazy for the smaller boys to handle. NVDA is in squarely in the hands of the big boy gamblers and if you can’t run with them dawgs, you better go find something else to trade. Hello AMD! ...

I have no ill will toward Cathie Wood or her Ark funds. I just find it funny that a lot of the high profile traders and investors tend to blow up. Sometimes by a lot. Ark Invest was all the rage in 2020 and 2021, when its concentrated bets on highly speculative technology companies paid off in a big way thanks to low interest rates and a boom in risk appetite among retail investors. ...

Terra Tech (TRTC) is one of my most favorite mistakes. I invested $1,000 many years ago into this company with the hopes of it turning my investment into more green dollars, if you will. Did it do that? Not at all; it’s been my biggest loser to date and ever. My investment went up in a cloud of smoke. I bought over 200 shares of TRTC for about $5 back on January 18, 2018. Since that time, I’ve watched it sell off, undergo reverse stock splits twice, and rebrand itself at least once. Now I have only 2 lousy shares left that I paid close to $500 per share. LOL. ...

If it’s not the Fed rate cuts, then it’s NVDA’s tear higher. It’s going to the moon as r/WallStreetBets people would say. The good news is that it’s trading at an all time high and I expect it to break the $700 price level before it takes a breather, but I don’t know. Who really does? NVDA is having a field day because because all the big tech companies (META, MSFT, etc) and anyone else who relies on GPUs for Generative AI is buying their products. The demand in this nacesent but transformative market is like the comet that killed the dinosaur, the world will be radically different once Gen AI is everywhere and in every process. ...

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The market went wild after the close last night when META reported earnings. On top of a great earnings report, they reported their first dividend! In other words, they’re slowly turning themselves into a blue chip stock. No matter how much I dispise Facebook and how it brought us to the brink of civil war in this country during the Trump years, I have to admire what the Zuckster is doing. He’s smart and very strategic. Plus they have amazing open source tools like PyTorch and Llama for Generative AI. They are a technological marvel, that’s for sure. ...

In my journey as a solo finance and trading enthusiast (hack), I’ve developed a particular stance: I tend to steer clear of Futures. They’re a bit too volatile for my taste. However, that doesn’t mean I turn a blind eye to the markets. Quite the opposite — I like to keep a “lazy eye” on the pulse of things, especially when it comes to indices that caught my attention in the past. ...