Being driven by nvidia and now apple. As as a tag along me too Broadcom and Microsoft.
Tesla is up because Elon got his money $$$.
Add those all together and that’s about 30% of qqq maybe 40 based on weighting.
Kinda sucks for me. I like the ascension. Just not the speed of it. Cost me $200,000 today to buy my $73 call of tqqq out. Debated playing the game as I usually do and wait it out then said screw it and sold calls at85 in a couple weeks. The difference? Getting out cost me $200,000. The money for being back in netted me 10k
That’s a lot of safe calls and puts I do week after week for months to have it all pissed away in one trade.
My overall portfolio is way up. Like $2m up in a few months yay. But you don’t ever know pain like actually seeing that much cash leave your pocket
Btw look at the rest of the market. It’s normal. So this idea there’s a mania. There is. And their weight is affecting the indexes. But read some articles about what the market outside these stocks is doing. It’s normal. So I would not be afraid to find a stock you like and trust. This is like saying home runs are up in baseball because Aaron judge hits 70 and shohei hits 60. Well yeah hr are up because of THeM. Same thing here. But the rest of mlb has a normal year and I think the market is
wow, thank you so much for sharing you knowledge and experience.
When I look at run ups, I am talking about the indexes . I have been buying and holding the s and p 500 since Gordon Gekko told me to more than 30 years ago. As I got older I have weighed more into dividend stuff. Indexes for those too. with compounding I doubt I will ever be homeless. At one point I had four homes and 4 cars. Now down to 2 and 2. Life is easier. I played with oil prices a while back and couldn't sleep at night. Checking prices on my iphone like a drug addict. just not the gambler type. Then got a huge tax bill. Not worth the ulcer.
you and I have disagreed on Gold. I buy all the insurance I can get on everything in my life including my dogs. Bought a healthy six figures more the day Biden was elected. Again, insurance.
more specifically my question was how can just a few stocks in the s and p 500 run up the index so much? How does that work? Or is that not really happening . thanks. sc
AI stocks are 75% of the SP 500 gains this year. SPDR ETF fund is buying $10 Billion of NVIDIA stock this week. It’s pure FOMO. Target price of 200 for NVIDIA this year.
Apple, which has been treading water announced they are dumping VR goggles. (Bust Investment). Using OpenAI in future IPhones. I can see a pop for Apple this fall.
I bought SMCI after a 40% correction. Supplier for AI .
We all know an “ event can drive the market down “. A new Covid, War, President results in November.
program trading
no one knows where else to park their money and they don't want to be holding cash in an inflationary market
who knows?
Being driven by nvidia and now apple. As as a tag along me too Broadcom and Microsoft.
Tesla is up because Elon got his money $$$.
Add those all together and that’s about 30% of qqq maybe 40 based on weighting.
Kinda sucks for me. I like the ascension. Just not the speed of it. Cost me $200,000 today to buy my $73 call of tqqq out. Debated playing the game as I usually do and wait it out then said screw it and sold calls at85 in a couple weeks. The difference? Getting out cost me $200,000. The money for being back in netted me 10k
That’s a lot of safe calls and puts I do week after week for months to have it all pissed away in one trade.
My overall portfolio is way up. Like $2m up in a few months yay. But you don’t ever know pain like actually seeing that much cash leave your pocket