![\"\"](\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/11\/AmazonYTD3.jpg\")
<\/a><\/p>\nHere are key things I learned:<\/p>\n
+ It’s all emotion. And emotion is contagious.<\/p>\n
+ You don’t know when the emotion is going to stop.<\/p>\n
+ But stop it will. And fast.<\/p>\n
+ Then it will go down. And become gruesome fast.<\/p>\n
+ You’ll never know why it went up or why it suddenly came down.<\/p>\n
My favorite financial guru Todd Kingsley sums it up this way:<\/p>\n
When good news is good news and bad news is good news, that’s when you have to start worrying that the market is frothy.<\/p>\n
An example: The Fed raises rates. That can be good news. The economy is strong. It can easily handle the higher rates., which are still low.<\/p>\n
That can be bad news. The Fed raises rates. It’s going to kill the economy.<\/p>\n
I have no idea what soured the world on FANG. Other than Mark Zuckerberg acting a dick.<\/p>\n
I thought Amazon was going to $2,500. There are some learned analysts that have issued reports saying it will. And it may. I probably won’t be alive when it does.<\/p>\n
There are some old rules:<\/p>\n
+ Diversification. I have oodles of real estate syndications, all paying higher dividends that I will earn in 2017 on tech stocks. Friends have contemporary art, planes they rent out, consulting they do, speeches they give, etc.<\/p>\n
+ Take some profits. Better to sell too soon, than too late. No one went broke taking a profit. I hate that meaningless expression.<\/p>\n
+ Obey your rules. An inviolate 15% Stop Loss Rule<\/em> should be inviolate. I’ve used it in recent weeks. It’s worked.<\/p>\n + Don’t believe anyone. They always have an agenda. The hedgies on CNBC say buy, sell, go to cash, it’s all over, etc. Just because they’re richer than you and me doesn’t mean they can predict the future any more accurately. Remarkably, hedge funds have done awful in the last few years.<\/p>\n + Keep your stock portfolio small — so you can follow the companies, reading their reports, listening to their conference calls, eyeing what they’re doing. You can dump them when their game plan changes.<\/p>\n Todd and I leave you with happy thoughts to ponder for Thanksgiving Day 2018:<\/p>\n Walk out on your street. Go into town. Go to the restaurants. Go to some of the nice stores.<\/p>\n Things haven’t changed.<\/p>\n Stocks have become cheaper. That’s good.<\/p>\n Let’s cross our fingers. Maybe Trump and Xi will fix some of their differences?<\/p>\n Maybe the Fed’s Powell will ease back on interest rate hikes?<\/p>\n I nibbled at Amazon, Apple and LADR (Ladder Capital) today.<\/p>\n All three closed lower than what I paid.<\/p>\n Good job, Harry.<\/p>\n Time to buy apartment buildings<\/strong><\/span><\/p>\n They’ve dropped 10% to 15% in New York City and, I’m sure, elsewhere. Cheap is good.<\/p>\n Alexa is wonderful<\/strong><\/span><\/p>\n You can ask her to make bird, rain forest, dog, and cat sounds She’ll play you music and tell you the time and weather.<\/p>\n But be careful what you ask her for.<\/p>\n She’ll order it for you. You’ll get your wish in two days, and a bill.<\/p>\n Remember Alexa works for Jeff Bezos who works for Amazon who wants to sell you everything and their uncle. But not your daughter. Facebook already did that. (I don’t make this up.)<\/p>\n They may have found my $100,000<\/strong><\/span><\/p>\n But no one is sure. It’s weird.<\/p>\n My bank sent my $100,000 wire twice — once by accident and once as they were meant to.<\/p>\n They asked the receiving bank to please — pretty please — send Harry’s money back.<\/p>\n Meantime, my contact at my bank, the sending bank — one of the largest in the world — emailed me:<\/p>\n Tomorrow, I will give thanks for a healthy, happy family.<\/p>\n Since $100,000 seems to be easy come, easy go,<\/em> maybe it’s time for another family vacation? How about the\u00a0Gal\u00e1pagos Islands?<\/p>\n Dear Reader, what did you learn from the tech rout of the last few weeks? Send me an email or add your Comment to the bottom of the web page. Maybe we’ll all get smarter. Maybe.<\/p>\n Older posts you may have missed<\/strong><\/span><\/p>\n + Blood is flowing. Is now the right time to jump back in?<\/strong> Nov 20. Click here.<\/strong><\/a><\/p>\n + I lied. Not every asset is crashing.<\/strong> Nov 19. Click here.\u00a0<\/strong><\/a><\/p>\n + Another day poorer. But not deeper in debt.<\/strong> Nov 15. Click here.<\/strong><\/a><\/p>\n +Asset prices in free-fall: Stocks. Housing. Commodities<\/strong>. Nov 13, Click here.<\/strong><\/a><\/p>\n<\/a>
\nHarry Newton, who lost at tennis this morning, but will do better tomorrow morning.<\/p>\n