New month...Markets are on absolute tear! My stocks on the other hand are not.. 3 earnings and 3 big drops.. Markel, Google and Charter!
Second Week: I track growth in SP500 diligently and looking at past 4 weeks, we have seen consistent 1.5 % growth per week and as of this writing, SP500 is almost 6 % up for the year! It crossed the 5000 mark today! I cannot fathom how good the economy feels right now! America is rocking it seems! My past experience has showed me that whenever we see good days lasting so long, correction is not far! I am already holding dry powder quite a bit but still not comfortable with how high the valuations have gone up!
Third Week: Markets cooled off a bit after core CPI numbers came 20 basis point above expectations at 3.1 %. Family planning to upgrade to a new vehicle and anticipating a big cash expense in the next couple of weeks!
Final Week of Feb: We purchased new vehicle. Paid quite a bit of the cash with CC (thanks to Platimum AmEx card with some good rewards). The payment is still not reflected in the numbers, but will in the next weeks updates. On the back of continued NVDA rally, SP500 has reached new highs! We are treading bubble markets like no other! and God only know whats in store for the rest of the year! Rest assured, I would be extremely surprised if we continue to see this crazy rally lasting through the end of the year |