Macchia69 @Macchia69: "Well, it had to happen..."

Italy

Well, it had to happen sooner or later. This is the first week since the week ending on the 5th of March 2023 when the unrealized portfolio fell. I know that a 1.03% loss is not a great deal compared to the near 45% drop the realized portfolio has racked up in the past 3 months, but this 1.03% is a real loss and the other is just potential loss. It is also quite upsetting that it will interrupt a nearly 70-week positive streak and plant a nasty red blob in the middle of my chart. Just let me apologize for the lighthearted comments, but part of my aim of this post is also to inject a little peace in the hearts of all those out there who are at this point panicking due to the seemingly unstoppable rise of the $UK100 index. To them, I'd like to say two things: first, that there is still cash in reserve to protect the portfolio from margin calls, i.e., the margin is still very far away. Second, indexes, and the UK100 index in particular, are not shares; they are not $TSLA (Tesla Motors, Inc.) (Tesla Motors, Inc.) or $GME (GameStop Corp.) (GameStop Corp.), and therefore are inoculated against wild speculations. The reason for this is the nature and variety of the contents of the basket, where often excitement over one item is balanced by doubts over another. I believe that we are approaching the point where fundamentals are not justifying the valuations of the assets included in the index, and this means that other market dynamics, like corrections and profit-taking, will start appearing in short succession. In any event, I'd like to remind once again the immortal words of the oracle: "You’ve got to be prepared when you buy a stock, having them down 50 per cent or more, and be comfortable with it". Have a great Sunday and, hopefully, a more profitable week. Alex

3 Mentioned

UK100

TSLA

Tesla Motors, Inc.

GME

GameStop Corp.