So how low can lithium prices go? When do you buy battered lithium stocks?

So how low can lithium prices go? When do you buy battered lithium stocks?

At least the hand-over-fist selling of lithium stocks stopped for a day. Albemarle (ALB), the big and low-cost producer, did experience another 0.43% drop today, November 29. But that was still way better than the 6.3% plunge on Monday. And shares of Lithium Americas (LAC) and qm (SQM) managed gains of 1.38% and 0.98%, respectively. There’s no mystery to the drop. Lithium prices have continued to fall. As o Monday, Chinese prices for lithium carbonate have dropped 20% so far in November and 75% for 2023 to date.

Special Report: Your 10 Best Moves for the Rest of 2023, Part 2–10 of 10 Moves (revised on 10/22)

Special Report: Your 10 Best Moves for the Rest of 2023, Part 2–10 of 10 Moves (revised on 10/22)

So what do you do with your portfolio for the rest of 2023? And what’s your best strategy to be prepared for 2024? In Part 1 of this Special Report I laid out the 10 developments that I thought would drive the financial markets for the rest of 223 and into 2024. Today, in Part 2, I’m going to give you the first 2 of 10 moves to take–with as much detail and as many specifics as possible–that you should be making now to position your portfolio for the uncertainties of the last quarter of 2023.

Today’s perfect storm batters stocks

Today’s perfect storm batters stocks

It’s actually surprising that markets aren’t down more so far today. As of noon New York time, the Standard & Poor’s 500 is lower by 1.62% and the Dow Jones Industrial Average is down 1.75%. The NASDAQ Composite has lost 1.65% and the NASDAQ 100 has dropped 1.34%. The small cap Russell 2000 has tumbled 2.43% and the iShares Emerging Markets ETF (EEM) has fallen 1.85%. No place to hide. (Well, maybe big drug company stocks.)

Notes You Need for September 5: China services, lithium stocks, rig count, Randgold, Nvidia

Notes You Need for March 9: Samsung S9, rig count, U.S. dollar, Albermarle, copper, lithium

In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. A representative sample is this entry from today: “10: 20 a.m.: Recode is out with the compilation of reviews on Samsung’s new flagship phones, the Galaxy S9 and S9+ due in stores on Friday, March 16. Consensus: It’s not an “If you’ve seen last year’s Galaxy S8, you’ve seen the $719.99 S9. The Bixby voice assistant is still a dud.” Samsung added a number of gimmicky features, Recode concludes, such as face-scanning, aperture-switching, Super Slow Motion and AR Emoji to show on TV commercials. The company did make a number of unseen changed to improve the user experience. My take is that this illustrates the big current problem with top end smart phones: Where’s the whiz-bang to get people to ditch their old phone and spend $700 to $1,000 on a new model?”

Notes You Need for September 5: China services, lithium stocks, rig count, Randgold, Nvidia

Notes You Need for October 17: German economic sentiment, Japan rally, SQM and lithium, NAFTA, Fed chair schedule, NFLX

In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. I launched this new feature on JubakAM.com on December 1. It runs only on JAM and won’t appear anywhere else. Such as these items: “10:20 a.m.: The ZEW survey for October showed economic sentiment iamong German investors climbing to 17.6 from 17.0 points in the previous month. The index, however, still remains below the long-term average of 23.8 points” and “10:40 a.m.: Japan’s Nikkei stock market index recorded its eleventh straight gain today. The market hasn’t had a losing session yet in October.  In that period the Nikkei is up 4.8% on growing conviction that Prime Minister Shinzo Abe is headed to a smashing election victory that will assure the continuation of Abe-nomics and a weak yen.”

Notes You Need for September 5: China services, lithium stocks, rig count, Randgold, Nvidia

Notes You Need for September 15: Coffee, lithium, SQM, wind power, retail sales, U.S. oil production, DVN, biotech, Acadia Pharmaceuticals, rig count

In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. I launched this new feature on JubakAM.com on December 1. It runs only on JAM and won’t appear anywhere else. For example, 10:20 a.m.: Coffee-fanatic favorite Blue Bottle has been acquired by Nestle.