MARKETS,Anybody even yet?

[FAA]

My firm has bought me 6 ABBV at $215, 1 SPOT at $700 and 9 MDT at $94. Okay so far.

[dinghy]

As usual, just a guess, but I think we are due for at least a market rest next week.

I'll give you a check-mark. (Where's the emoji?) US stocks are down a little.

Longer-term than a week, I think we're seeing things that happen at the top of a bubble. ORCL had that huge gain because it imagined a bunch of upcoming revenues. NVDA is funding customers to buy its products.

And then there's this colossally stupid article from Yahoo Finance:

https://finance.yahoo.com/news/stock-ma ... 49680.html

"Compared to prior eras, the historical parallels suggest Wall Street is teetering on the edge. But the risks have changed, perhaps for the better, alongside prices that seem so big, but are more fitting for the moment."

You should be fitted for a straitjacket, Hamza Shaban.

Health care has slammed me.

My firm has bought me 6 ABBV at $215, 1 SPOT at $700 and 9 MDT at $94. Okay so far.

Better luck with the health care. Or biotech? I don't know the difference.

I'm watching biocopper producer FCX Freeport-McMoRan, which crashed 20% on news of a mining disaster with fatalities in Indonesia. That's a harsh price reaction, although the impact on production is big. I'm finding it difficult to assess the extent of their insurance coverage. I'll probably engage if it drops another 10% to 33.

[olds442jetaway]

Picked up some MORT today. Mainly for the div. Dont expect it to go up much.

[dinghy]

Picked up some MORT today.

Monday I bought (more) FLO, but all other trades this week have been sells.

For tomorrow Friday, I have four imminent buys. I just need any amount down, and I'll add:

- CAG
- FLO
- HUN
- UA

[olds442jetaway]

Could be it for interest rate cuts the rest of the year. I’m fine with that. I also plan to add to CAG on a down price. Still no LuLu or Flo for me. UA I like. The Mrs and daughter like their stuff. I’ll start a position in it. Hun I have to read up on some more. I like the dividend history. I’m leading toward it.

[dinghy]

Could be it for interest rate cuts the rest of the year.

Consensus is moving that way, but still a cut is believed likely at the next (Oct 29) meeting.

Since the cut last week, the 2-year yield has moved up from near 3.50 to currently 3.65%.

[dinghy]

Hun I have to read up on some more. I like the dividend history.

D'oh I forgot to check the dividend history.

HUN Huntsman just paid 25 cents, so I'll slide my buy target price down to 8.68. Thanks for the reminder.

[olds442jetaway]

Looks like I’ll be waiting for another down day so far. No buys

[dinghy]

Looks like I’ll be waiting for another down day so far. No buys

Yup, everything on my shopping list is pulling away.

But I found a substitution. HUN competitor BAK (Braskem) is minus 11% on its release of a vague statement saying it hired financial and legal advisors to help navigate the downturn.

BAK has been my biggest recent fail in natty resources. I'm adding near 2.72. I view this as asymmetrical risk. If BAK goes BK, I'll have a big loss to offset other gains. But if the chemical industry recovers, BAK is easily a double or triple. Four years ago it traded above 25.

[dinghy]

I got FLO, at 12.72. I've done seven purchases of BAK, from 2.72 to 2.56. But I whiffed the last dip to 2.52.

The last dip ... so far.