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Is the AI bubble bursting? Or is this just a temporary aberration that is part and parcel of the stock market experience?
 
For years, going back to my DOD days, AI was one of those “we don’t know what it is but we have to have it” subjects. This has finally dawned on the stock market.
 
A lot of Stocks were inflated regardless. Some of these valuations are laughable so seeing it finally burst is actually refreshing. Though, I have a Finance degree so I'm obviously a bit biased lol
This is a rather minor correction, I see nothing “burst”.
 
Buffet's move is not strange if you understand his investment philosophy and its trajectory. Right before he starting selling off, 43% of his portfolio was in AAPL. That became too big of a position for him. He also didnt time the selling right, not that anyone can always do that. However he did miss a lot of upside.

It's also important to note that when he was selling, the institutional investors were gobbling up AAPL. This is an important metric as well.

For the record I own both BRK-B and AAPL and have continued confidence in both.

Oh, didn't know that. Thanks!
 
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There is money to be made in any market :) Been a fun few days for those on 24x7 markets especially.

Sadly I had to pay attention to other matters and couldn't take advantage, and are about 30% down compared to last week 😭 But, it is what it is...Just zoom out a little and I'm happy again 🤣
 
don’t worry, iPhone 16 will save us all! Assuming Apple can actually put out an AI product for us to use.
 
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A spiky stock market (up & down) is how the traders make money at the little guy’s expense
Yes, the dumb mom-and-pop investors will wait until the market is up and going up and then buy so as not to be left out. Then when it goes down they panic and sell everything. The smart people are on the other side of mom-and-pop's transactions

For every person who buys high and sells low, there is a person who does just the opposite. After all, investors are only buying and selling with each other.
 
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Yep, that hurts. If we can make the correct political decisions in November, it will be temporary.
Who you vote for (or don't) has consequences. Make sure you show up in November.
It doesn't really matter. A majority of the time stock go up regardless of who's in the White House


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Yep, that hurts. If we can make the correct political decisions in November, it will be temporary.
Ah yes, the US Presidential reality show. Judging by the two options it reminds me of that famous quote: "damned if you do and damned if you don't".
 
Well we all have Joe Biden to thank for the economy going headlong into the tank. You want a robust economy then vote Trump. That is ofc you're happy with the state of things these days...
I’d rather have a tin can begging for money on a freeway ramp before voting Trump.

Plus let’s not forget the Trump tax cuts actually overstimulated the economy.
 
A lot of assumptions in this article (Apple is falling because of Buffett, others because of AI, etc.) presented as facts.
 
Well we all have Joe Biden to thank for the economy going headlong into the tank. You want a robust economy then vote Trump. That is ofc you're happy with the state of things these days...
🤣


Summary

The statistics for the entirety of Donald Trump’s time in office are nearly all compiled. As we did for his predecessor four years ago, we present a final look at the numbers.
  • The economy lost 2.7 million jobs. The unemployment rate increased by 1.7 percentage points to 6.4%.
  • The international trade deficit Trump promised to reduce went up. The U.S. trade deficit in goods and services in 2020 was the highest since 2008 and increased 36.3% from 2016.
  • The number of people lacking health insurance rose by 3 million.
  • The federal debt held by the public went up, from $14.4 trillion to $21.6 trillion.
  • Illegal immigration increased. Apprehensions at the Southwest border rose 14.7% last year compared with 2016.
  • Coal production declined 26.5%, and coal-mining jobs dropped by 25%. Carbon emissions from energy consumption dropped 11.3%.
  • The murder rate last year rose to the highest level since 1997.


Remember when Trump claimed only he could save the coal industry and coal jobs?


Trump Once Promised to Revive Coal. Now, He Rarely Mentions It.

June 14, 2024

The first time Donald J. Trump ran for president, he slapped on a miner’s helmet and told coal workers they would be “winning, winning, winning” when he entered the White House.

Now, as Mr. Trump campaigns for another chance at the presidency, he rarely mentions America’s coal miners and has stopped making grand promises about their future.

The shift reflects political and economic realities, experts said. Top among them: Mr. Trump oversaw coal’s decline, not its salvation. Despite the fact that Mr. Trump gutted climate regulations and appointed a coal lobbyist to lead the country’s top environmental agency, 75 coal-fired power plants closed and the industry shed about 13,000 jobs during his presidency.

“Not a single coal miner went back to work or power plant saved,” said Erin E. Bates, a spokeswoman for the United Mine Workers of America, the labor organization representing coal miners.

.




Coal companies that went bankrupt under his watch

1) Armstrong Energy
2) Mississippi Minerals
3) Westmoreland Coal
4) Mission Coal
5) Trinity Coal
6) Piney Woods Resources
7) Cloud Peak
8) Cambrian Coal LLC
9) Revelation Energy LLC
10) Blackjewel LLC
11) Blackhawk Mining
12) Murray Energy
13) Hartshorne Mining Group
14) Foresight Energy
15) Rhino Resource
16) FM Coal LLC
17) White Stallion Energy LLC
18) Lighthouse Resources Inc



coalbankruptcies.png






US coal jobs down 24% from the start of Trump administration to latest quarter

Despite a campaign promise to put coal miners back to work and support "beautiful clean coal," President Donald Trump is on track to leave the White House with the nation posting the lowest coal production and jobs figures in recent history.
 
Warren Buffet selling half his position in Apple is really a no confidence vote
Combined with a lousy political environment
And lastly an over extended bull market all the reasons for a correction or a recession
Depending on how far the big boys take it
Remember it’s not the guy selling 500 or 1000 shares causing this
And lastly let’s not forget the slowing economy, high inflation etc
 
Yep, that hurts. If we can make the correct political decisions in November, it will be temporary.

It's probably bad for Apple if Trump is elected president. Trump has called for a 60% (or was it 100%?) tariff on all Chinese products and the majority of Apple's hardware is produced in China.

He also wants a 10% tariff for all other countries, making even iPhones made in India more expensive if imported to the US.
 
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I know it would be me and about ten other people who were happy about it, but selfishly, I wouldn't mind if everything at that company collapsed aside from their computer division. Imagine how amazing their actual computers (you know, the things Apple use to care about?) were all they were focused on. Maybe we'd get some real innovation for a change!

Sigh.
 
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