The market keeps pushing forward with the S&P 500 climbing just above 6000 and only a little more than 2% to attain the record highs.
It has been fun to watch various financial institutions change their forecast for where the S&P will end the year.
It started off earlier in the year with projections at or above 6500. The tariff negotiations sent projections below 5800 and some nearer 5500.
Well, they have changed again looking toward 6500 again.
The mood in the market changes by the day.
If you find it hard to figure out
what is happening or will happen, join the club.
There could not be more news out there to raise your concerns.
It pours in on us by the second with everyone attached to their phone.
This brings me to one of my favorite topics that you readers are probably tired of hearing about.
I look for value in investing.
I am not one to buy a property and try to flip it in a short time.
In the stock market it is easy to say you bought something such as Palantir when it was below $10.
In fact most did not.
It has soared now to well over $100.
I did buy it but here is the real rub.
I didn’t go all in.
Yes, I have made a profit but think what it would have been had I gone all in.
The problem with buying value is that you out there by yourself as all you hear is bad news.
Even if you make the decision to buy, do you have the courage to make it a big investment.
I am visiting this subject because we now have Tesla being taken down to a value level.
I has been even lower than this but you have a stock that couldn’t hardly get any more bad press.
The car sales are down almost 50% dragging down earnings.
The space program has had a few snags of late.
I could go on but you get my drift. The one thing going for the company is the head guy Elon Musk and his latest pressers have not been flattering.
You would essentially be betting on his ability to rise once more from the ashes.
I do believe that corporate leadership is the key.
Not saying you should buy this stock, but just to make an example of how buying value is no fun.
I only bought Palantir because of the CEO and the fact that their target customer was the Defense Dept.
Wish I really had the courage of my convictions but I am an income investor and that purchase was in my trading account.
One last note, never forget how popular opinion about Musk taking over Twitter turned out.
With this all being said, I would suggest that those of you that are really concerned about the market realize that we are having no problem as a country selling our Treasury bonds and bills.
That is the real barometer of whether a storm is coming.
I am not ignoring the reality of an economic war with China, conflicts in the Middle East to just name a few.
Fear and greed drive the stock market. We have plenty of both right now.