Well, once again, my interest in the market is matching the VIX these days. I’m starting to just not care anymore, focusing instead on my latest engineering project, which isn’t subject which made-up numbers from the federal government. All the same, duty calls, and I’d like to point out that the leader all year long, NVDA, seems oddly non-participatory in yet another All Green Day.
Of course, this is just dicking around in advance of what happens Tuesday afternoon, when NVDA earnings wrap up the final data point of the earnings season. With a P/E of 120, this thing is insanely overvalued, but I’ve learned to utterly distrust this beast and avoid it like the plague. All the same, it did NOT best its lifetime high (a relative achievement, these days) and is presently sporting a bearish engulfing pattern.
My own portfolio could fit on a small post-it note, with a mere 7 positions and almost 50% cash. Like I said, I’m sickened and disgusting by this so-called market and am turning my attention to more productive ways to spend my time.
