I purchased NVDA and MSFT puts during the last two weeks expecting a decline in their prices due to an overly strong expectation about AI. I held those puts despite yesterday’s good earnings reports from Nvidia. Today I added PLTR puts just because of the high P/E valuations.
Until this year, most of my positive investments have been long in tech, but these days I’m very wary. The circular financing for massive AI projects, discussed in last week’s financial newspapers, need to be remembered! Creative financing always kill small investors.
I still like gold. As long as nincompoop keeps buying gold toilet fixtures and the Saudis, Indians and others keep buying gold, it will continue to go up. It’s too bad gold doesn’t produce anything, that’s partly why I hate investing in it.
As for crypto, well, now you know. To heaven one quarter to hell the next. If you do indulge, just make sure you know which way the wind is blowing.