No. of Recommendations: 15
While I'm as popular here as spoiled milk I'll indicate where I stand as to the cycle, Trump Trade, and valuation. Not that I'm good at timing or not that I take myself too seriously either. But basically I sold every single thing I could that wouldn't engage in a big tax bill, but also today I sold things like Apollo too which I'd bought in 2012. Still own BX, bought during Covid, but working on the mental acceptance of selling it early 2025.
Interestingly given I've owned the railroads for decades, NSC back to 1976, last night Jim Cramer interviewed the CEO of CSX (he often interviews whoever is with CSX). I love watching Cramer. No I do not invest from that observation, but I am 70 and without some work towards keeping up in the world, I just would go down the tube of ignorance and slow brained decline. Watching Cramer and CNBC intermittently is how I keep up with the "names" and changes that roar through this world. Most people my age, even those I spent decades discussing investments with, just shut down even before my age. Online is where I can keep going.
But Cramer's interview had the CSX CEO in serious steroid sales mode, he says, "All this inevitable phenomenal growth-to-come on this completely stagnant economy goes right through the railroads and..." Well, the guy was literally euphoric. And so was Ward (CEO of CSX) back 10 or so ago before his stock didn't do well. I own a lot of CSX, and I'm not selling, but...
I've never seen Wall Street analysts and CEO's as unified euphoric as they are today. Back in the 1990's, the late 1990's, you did have doubters. The go-go types dominated the media houses like CNBC but there were outspoken doubters - big money managers who did have huge doubts. Today the euphoria may be less for the go-go types, but the percentage of those sure of the TT and its magnificent changes that are going to surely ramp through our world is really shockingly positive and just almost unanimous.
Same bunch stating the economy is terrible...just soon to go upside big time. I do find this to be truly an amazing news cycle.
The popularity of disruption today, disruption of all things, is also something I find stimulating. Everyone wants disruption, but all at the same time expect their benefits and privileges to sustain...actually I'd say most want/expect their advantages to increase. Is this how it works? Life is great...if we can stand it!
This will be an interesting time, soon to come interesting time, in my view.
