June Inflation Highest Since February, CPI +2.7%

[james.hendrickson]

reopened after 24 hour cooling off period.

[QuarterMillionMan]

Now I’m regretting selling off my ETFs in oil & gasoline as it climbs again. What a roller coaster WTI has had.

edit to add: I did buy $2000 of MSTR today and $800 of XRP crypto.

[myrdale]

What did hear is that the Iranians were about two weeks away from getting a nuke, so maybe the war was going to happen eventually, but it does speak to the importance of having a diversified portfolio and plenty of cash.

https://www.youtube.com/shorts/p0mEWmfbdIE

The top leadership in Iran were bad people. They have called for the death of the United States and the death of Israel for decades. They terrorized and murdered their own citizens. They have violated the rights of women/gays/Christians. The world is so much better off with out them existing anymore. That said, I don't buy the "two weeks" excuse.

There are any number of things going on behind the scenes we will never know about, but I don't believe two weeks.

What truly scares me is the potential of a fishing boat in the San Francisco harbor, or a house in the Atlanta suburbs, suddenly exploding due to a nuclear bomb that was brought into the country piece by piece and assembled with out anyone knowing.

[ua_guy]

The top leadership in Iran were bad people. They have called for the death of the United States and the death of Israel for decades. They terrorized and murdered their own citizens. They have violated the rights of women/gays/Christians. The world is so much better off with out them existing anymore. That said, I don't buy the "two weeks" excuse.

Their successors are bad people too, and there is almost no end to the number of people there who would/will step up to power. Our aggression has only hardened their resolve, a lesson I'm certain we've learned as Americans before, somewhere, which is likely to lead to a protracted and extremely expensive conflict.

The regime change isn't a concern of this administration, in their own words.

While crude edges towards $100, again, today, apparently lifting sanction on Russian oil to help ease oil prices here is the "fix". I did na zi that coming. Oh, actually, yes, those of us paying attention, all of us did.

[QuarterMillionMan]

Very clever in not seeing that coming, good one lol.

[QuarterMillionMan]

A co-worker told me last night that he transferred all of his investments in his 457 plan from large cap funds into a stable income fund, expecting a crash coming. Anything is possible so I'm not jumping in the pool all at once but I am dabbling here and there such as the $2000 in MSTR today.

[ua_guy]

James mentioned diversifying which is a good strategy for any time, really, when it comes to long-term investments like retirement. But, right now, with the market tide ebbing, that just means diverse portfolios in the market are losing value at the average rate. When the tide ebbs, almost all boats sink.

I can't blame your coworker, QMM. A lot of us have feared a big downturn or crash because of irrational moves at the top level including throwing our country into war or making it a bigger target for attacks.

My crystal ball is displaying the poop emoji now no matter what I ask of it regarding the future, so I guess we'll just have to wait and see. Hey, with 5,000 troops being deployed (what happened to no troops on the ground?) everything should be fine, right?

[QuarterMillionMan]

When the market opens next week I'll be looking to invest in commodities ETFs such as fertilizer (SOIL), zinc (ZINC), copper (CPER), etc. China started it with silver and we saw how silver went parabolic in short time. Oil was next. I look forward to investing in uncertain times like this. And I could short some of the manufacturers where the supply gets choked off. Lots of opportunities to make money.

[ua_guy]

Paid $6.29 for fuel yesterday, highest I've ever paid. Are we winning yet?

People are already buzzing on RV forums cancelling trips because of fuel prices and uncertainty, and worried what fuel prices are going to do to their travel for the rest of the year. I take that with a grain of salt; if you own an RV, even if it's a travel trailer or a much bigger thirstier motorhome, you need to have a good margin in your budget for fuel. As it stands, about the maximum fill up we'll do on our motorhome is about 80 gallons. With diesel at $6/gallon in many places that's almost $500 in fuel for a fill up. At 7.5mpg, it sucks down fuel pretty fast. At some point, yes, you have to evaluate if you really want to be paying that much for fuel as a matter of principle to travel, and adding 30% to your travel budget can start to become noticeable.

[Fishindude77]

Diesel is about $4.70 here, just filled up a bunch of cans.

[QuarterMillionMan]

Diesel is $6.50 in Los Angeles. Gas is $5.49. For some reason, I always thought diesel was cheaper than gasoline.

[Fishindude77]

Just paid $3.19 for gas.
A few miles away it was $3.80

[ua_guy]

Yep pretty much

[QuarterMillionMan]

E85 ethanol in Los Angeles is about $3.50 for those lucky enough whose vehicle can run on it.

[QuarterMillionMan]

DOW $50,000 now down to $45,000. I predict when the dust settles $25,000. A 50% hair cut sounds about right to me. What say you?