The Market’s Wobbly Top

This index, you see, is getting rather high on its own fumes. It’s a bit like a giraffe trying to balance on a beach ball. Its ‘forward price-to-earnings’ – a rather ghastly phrase, isn’t it? – is around 22. Now, over the last thirty years, it’s usually been closer to 17. That’s a hefty premium, that is. The last time it was this inflated, just before the techy-poos had a tumble in 2021. Before that? The late nineties, when everyone went mad for dot-coms. A crash followed, naturally. Greedy sorts, those dot-coms.

Dollar Dithering & My Portfolio Panic

Apparently, a weaker dollar could help with the trade deficit. Which sounds…logical, I suppose. Although, honestly, I mostly just worry about whether I’ll have enough for a decent retirement. The whole thing feels terribly precarious. Units of Cryptocurrency Lost: 12. Hours Spent Watching Charts: 9. Number of Panicked Texts to Friends: 24. It’s a work in progress, let’s say.

Kratos: A Drone’s Ascent and a Stock’s Fall

Kratos, you see, is in the business of drones – those mechanical birds of war, if you will. And not just any drones, mind you, but the kind that the military is throwing money at faster than a gambler loses his shirt. They build the things you use for target practice, which is a fine business, I suppose, if you don’t think too hard about it. But their real pride and joy is the XQ-58 Valkyrie – a “loyal wingman” drone, they call it. Sounds like something out of a dime novel, don’t it? The Air Force and Marines are kicking the tires on it, and Kratos is partnered up with Northrop Grumman to make it even more… ambitious.

Micron’s Rise: A Slow Bloom in Barren Fields

There’s been talk, of course, of NAND memory driving this surge. But Chong is looking past the immediate bloom, focusing instead on DRAM, specifically the high-bandwidth variety. It’s a shift in focus, a recognition that the real strength lies not in fleeting trends, but in the foundational stuff.

A Peculiar Fund for Unsettled Times

Let us entertain, for a moment, the unsettling possibility that the macroeconomic winds turn decidedly…brisk. That the central bank, cornered by circumstance and haunted by the specter of inflation, is forced to tighten the screws. A grim thought, to be sure, but a prudent one. And for those who wish to navigate such turbulent waters, there exists a most curious vessel indeed: the Fidelity Dividend ETF For Rising Rates (FDRR +0.35%). A fund, one might say, built not for calm seas, but for the gathering storm.

NuScale Power: A Small Reactor, A Large Gamble

Now, let’s talk numbers. If you, with a boldness I frankly lack, had invested $5,000 in NuScale back in January 2024, you’d be looking at a return of… well, a rather startling 643.3%. That $5,000 would now be worth approximately $37,160. It’s the sort of return that makes you wonder if you’ve accidentally stumbled into a time warp or perhaps miscalculated your grocery budget. Here’s a chart, because humans seem to enjoy looking at wobbly lines that represent financial gains (and losses).

The Diminishing Signal

The filing with the Securities and Exchange Commission, dated February 2nd – a date that will likely prove inconsequential – details this divestment. It is a process, one suspects, governed by algorithms and overseen by individuals who have long since ceased to comprehend the underlying assets. The fund’s remaining position now constitutes 1.68% of its reported U.S. equity assets, a percentage that feels both significant and utterly meaningless. A small weight on a scale that measures only its own calibration.

A Modest Proposal for 2026

It is now, a mere month into this new year, that a prudent investor pauses to reassess the landscape. My own holdings, I confess, are rather…conservative. Apple and Berkshire Hathaway. Two behemoths, seemingly immune to the prevailing hysteria. I grow more convinced with each passing day that these are not merely investments, but rather, bulwarks against the encroaching absurdities of modern finance. They offer a certain…equilibrium. A counterpoint to the speculative fever that grips the market. One could almost say they possess a soul.

Market Breadth & The Illusion of 2026

Because here’s the thing: this isn’t your standard champagne-and-confetti market. For the last few years, it’s been all about Tech, growth stocks, the “Magnificent Seven” – basically, a handful of names propping everything else up. It’s like being at a party where one person is doing all the talking, and everyone else is just nodding politely, hoping they don’t get asked a direct question.

Nvidia: From Pixels to Profit (Oy, the Story!)

So, it all started in 1993. Jensen Huang, a bright fella, teamed up with a couple of other guys. Artificial intelligence? Forget about it! That was science fiction, like jetpacks and reasonable airline food. No, these guys were focused on something far more pressing: making video games look… less blocky. The 90s tech boom was all about pushing those pixels, trying to get past the two-dimensional limitations. Imagine! Games that weren’t just side-scrollers! The horror!