Health update 2.....

 As you all were aware that I am under treatment by a very competent Cardiologist.

I am responding well to his treatment of 6 medications...

It has been Since November 17th that I was diagnosed with heart ailment.....

I have not only lost 40 pounds of weight in last 9 months mostly due to trauma of losing my " soulmate " of 56 years.....

BUT that trauma resulted in " heart condition & for the first time in my life, I was in Cardiac ward for 3 days......

YES..I am still much " weaker than before "

Heart condition has contributed big time to " losing strength " to do small chores in the house....which IS very disappointing knowing " how active I like to be "

YES...I have to control or minimize most " stress " so my health & heart can get more strength....

Part of that review did force me to think to cut back on my BLOG writing....

I started this BLOG in April of 2007.....in my 18th year now.....

Based on current health needs, I will only post when I sell something or buy something.....PLUS a weekly recap of Portfolio weighting with weekly gains / loss plus my view of US stock market....

All this on Sunday every week....

Hope this will be acceptable based on current health needs....

As always, It has been my utmost pleasure to write this BLOG and reply to all comments.....

I thank all daily visitors to this BLOG which was always a source of pride for me, sometimes there are 4000+++ daily visitors....

Thanks for all the reaction & messages, much much appreciated!

By the way added 30% RIOT @ $10.70.....rest remains unchanged....

Until Sunday.....the 5th January.....2025

Enjoy your Christmas & a very happy 2025!!!!

BLOG does NOT give buy or sell.

Saleem

US stock market " overvalued "......

 While everyone is celebrating last 2 years of stunning gains in US stock market.....there is lot to be concerned and worrying going forward.....

From any measurement US stock market is " the-most overvalued in the world"

US combined PE is a shocking 25.69

Canada combined PE is 18.21

China combined PE is 8.87

By the way, average PE of US in last 20 years has been 16.15.....

Currently in USA IT PE is 38.12......

Even in PEAK of Y2K bubble.....highest combined PE was around 24......vs current 25.69

To say the least.....

Current euphoria & frenzy has to come down in a hurry......

I am expecting an extremely tough 2025....where Indices may not exceed 4% gain  and that too by end of 2025.......

First half of 2025 could be down 12%.......

Never mind all the hoopla of ......

Trump

AI

Quantum 

Musk

Everything has been played out & priced IN......

Wall Street fools too many people quite often.....& everyone becomes a genius until they start losing hard earned money......

YES.....I will be reducing my exposure to only 25%....

That exposure may be to overweight in GDXJ & Bitcoin.....2 area to hide until all the froth is GONE....In case you have not noticed Ethereum or any other Crypto currencies have not made any new highs...only Bitcoin seems to be working......and making new all time highs.....

Bottom line....please pay attention to " current frothy sentiment "

Cannot last too long.....

Always be afraid of Wall Street antics, they keep reinventing " bubble under new packaging "

PE matters.....

Even AI has not shown any real impact yet...after 2 full years.....

Search is still very " tedious "

Too much AI fluff being highlighted as progress......

NVDA has turned south

TSLA could be next.....

AMD is @ lowest point.....

All this is a telltale of things " changing RAPIDLY "

All I can say....

Good luck to all OPTIMISTIC & FEARLESS traders......

Maybe its time to hit.....ULTRA CONSERVATIVE exposure

No more than 25%.....

Cash is always KING !!!!

Good luck with your own thesis about market & exposure......

BLOG does NOT give buy or sell.

PS.....I am going on a quiet period for @ least 6 months.....

Last week Down 6.93%

YTD UP 67.63%

Saleem

Indices closed UP .94% to 1.18%...NICE !!!

 Indices closed UP .

S&P 500 @ 5930.85, high 5982.06, low 5832.30

Internals :

UP volume led by 4.71 to 1 in NYSE & 3.89 to 1 in Nasdaq    

Advancing stocks led by 2.84 to 1 in NYSE & 2.98 to 1 in Nasdaq

Net new lows were leading by 189 in NYSE & 411 in Nasdaq

VIX Down 23.79% @ 18.36

Oil @ $69.46

Gold @ $2647.90

Canadian $ @ .5643

Here is my weighting 

GDXJ      17.03%

MSFT      14.20%

AVGO     11.79%

AAPL      10.38%

MU          10.37%

CRM        9.13%

GOOG     8.90%

SMCI       8.08%

BTCC      6.98%

RIOT       3.14%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed from green open.

S&P 500 @ 5867.08, low 5866.07, high 5935.52

Internals :

Down volume led by 1.47 to 1 in NYSE & 1.24 to 1 in Nasdaq

Declining stocks led by 2.18 to 1 in NYSE & 1.59 to 1 in Nasdaq

Net new lows were leading by 307 in NYSE & 701 in Nasdaq

VIX Down 12.78% @ 24.09

Oil @ $69.38

Gold @ $2607.50

Canadian $ @ .5628

Portfolio GOOG AAPL AVGO MU

MSFT BTCC CRM RIOT GDXJ SMCI...

BLOG does NOT give buy or sell

Saleem

Indices closed down 2.58% to 4.39%....

 Indices closed down near low of the day in frenzied selling.

S&P 500 @ 5872.16, low 5867.79, high 6070.67

Internals :

Down volume led by 11.03 to 1 in NYSE & 2.44 to 1 in Nasdaq

Declining stocks led by 9.48 to 1 in NYSE & 7.17 to 1 in Nasdaq

Net new lows were leading by 186 in NYSE & 473 in Nasdaq

VIX UP 74.04% @ 27.62

Oil @ $71.08

Gold @ $2653.30

Canadian $ @ .5659

Portfolio GOOG AAPL AVGO MU MSFT BTCC 

CRM QBTS ( AH $8.86) RIOT GDXJ SMCI

BLOG does NOT give buy or sell.

Saleem

Indices closed down .32% to 1.18%.....

 Indices closed down.

S&P 500 @ 6050.61, low 6035.19, high 6057.68

Internals :

Down volume led by 1.94 to 1 in NYSE & 1.07 to 1 in Nasdaq

Declining stocks led by 2.78 to 1 in NYSE & 2.50 to 1 in Nasdaq

Net new lows were leading by 101 in NYSE & 244 in Nasdaq

VIX UP 8.03% @ 15.87

Oil @ $70.08

Gold @ $2663.30

Canadian $ @ .5682

Portfolio GOOG AAPL MU

MSFT BTCC CRM RIOT GDXJ SMCI....

BLOG does NOT give buy or sell.

Saleem 

Indices closed mixed....

 Nasdaq closed @ new all time high.

S&P 500 @ 6074.08, high 6085.19, low 6059.14

Internals :

Down volume led by 1.66 to 1 in NYSE & .72 to 1 in Nasdaq

Declining stocks led by 1.27 to 1 in NYSE & 1.02 to 1 in Nasdaq

Net new highs were leading by 44 in NYSE & 102 in Nasdaq

VIX UP 6.37% @ 14.69

Oil @ $70.71

Gold @ $2670.00

Canadian $ @ .5765

Portfolio GOOG AAPL MU MSFT BTCC 

CRM TSLA RIOT GDXJ SMCI

BLOG does NOT give buy or sell.

Saleem