- Aug 4, 2000
- 29,294
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- 126
Too bad I missed out on the Nikola rally from 50 cents. Today I gave in and bought some at 3.15
Lower credit rating could raise interest rates for borrowing by the government. Higher interest costs means more money printed to pay the interest, which means more inflation, which means higher interest rates, more borrowing etc. Not sure we get out of this cycle until we use tax raises to reduce inflation, not interest rates.Fitch downgrades US creditworthiness from AAA to AA+. The big reason:
"...the erosion of governance relative to 'AA' and 'AAA' rated peers over the last two decades that has manifested in repeated debt limit standoffs and last-minute resolutions."
Thanks politicians.
It's the show the politicians put on.We may get more downgrades. 😢
We owe too much money.
Made a quick buck on Carvana and Nickola. Market is overdue for a pullback but it may just keep going up.Looks like I sold some positions at a good time. Friday and Monday.
Excellent reasoning. When the Fed starts cutting that will likely be a buy.RKT (Rocket Mortgage umbrella company) shot up 11.5% so far today. I offloaded the few hundred share I had left. Will probably buy a few back next week after the price comes back down. Probably still a few years away from another mortgage boom.
Anyone with JNJ shares? Looking for pros/cons of exchanging shares with Kenvue.
I know JNJ is staying with their medical instruments and that Kenvue is the spinoff on the end consumer medical supplies. I'm debating if it's worth exchanging some shares or just adding some Kenvue.
I saw today that once the conversion is done, Kenvue will be added to the S&P 500 so I picked up a few today.
I'm leaning on leaving the JNJ shares I have alone and not convert any of them. I have both now and are on the 'set it and forget it' path.I dont have any shares. Are you going to keep both?