And there we have it. After a sharp drop in the value for the world’s largest company, the markets have totally healed yet again, with the screen entirely green this morning, celebrating NVDA shrugging off its quarterly report.
Not that I didn’t allow for this specific possibility when I did my post last night, even during the throes of NVDA plunging.
In turn, AMD has morphed from a big dip to a big rip.
And the NASDAQ itself has taken an enormous plunge and Ctrl-Z’d the entire affair.
Surveying my own portfolio, it actually looks like a not-bad opening. My biggest short, FXI, is totally flat, and my bullish precious metals positions are looking better than ever. I direct your attention in particular to palladium, my new-found obsession which I re-entered early yesterday, as it is starting the day with a 2% gain.
Longer-term, my view is that PALL (the palladium fund I bought) looks terrific.
It’s a shame that NVDA hasn’t managed to crack this bull market, which remains annoyingly robust, but I’m still looking forward to a good day ahead.
