12/17 Stocks hit longest losing streak since 2018

8 straight losing sessions. NVDA is now falling into correction territory with a 10% decline. Summabitch.

Red flags are up.

Fund managers have reduced cash holdings to record lows as they pour money into stocks. Cash as a % of total holdings is down to 3.9%. Even I’m not that low .

Think about that, stock market returns have been ridiculous and everyone poured funds into them.

Something to watch as close as the price of eggs but no reason to panic yet. TSLA, AAPL and WMT are keeping me healthy even with NVDA’s persistence in wanting to fawk up my day. Tsla is ridiculous, another boom today and there seems to be no end to the run.

Tesla shares jumped 2.5%, topping $470 per share for the first time. The stock is up 17% in the past five days, reflecting positive news reports regarding Tesla's — and CEO Elon Musk’s — connection to President-elect Donald Trump.

Tesla stock is now up a 87.2% since Election Day. 😉

https://finance.yahoo.com/news/bofa-says-stocks-flash-sell-103845210.html

4 comments

4 Comments

Daystalker

Dec 17, 2024

Thanks Joe and Kamala, way to leave shit on the bowl on your way out of town.

BigBallss

Replying to

I don’t think our run up has been to benefit or hurt either the Dem/Rep. It has been the economics forces of the free market at work. Economic cycles happen. I also think Powell has been conducting a seminar, teaching a class on how to avoid a crash. I’m not saying a crash or even a market correction is going to happen but we are due for one. I’m business as usual for at least, the end of the year. But I do think there is lots of kindling ready for a spark to set off the fire.