Everything Tech is just going crazy, just like the late 1990’s. Everywhere you went people were talking about how much money they were making in Intel, Microsoft, Qualcomm, etc. You literally couldn’t go out in public and not hear someone talking about tech stocks.
Then the unthinkable happened, the bottom dropped out. The Dot Com bubble popped and then silence. The silence lasted for almost 20 years.
It feels like 1999 again. Everywhere I go people are talking about how much money they are making in tech stocks. Well, everyone but the millenials. Most of them are afraid of their own shadows when it comes to investing. That’s a different subject…
Is it different this time?
I think so.
Except this looks parabolic to me…
Shopify Inc (SHOP) daily
Amazon.com Inc went public 20 years ago as an online bookseller. Who would have thought a bookseller would change the world? I’ll have to ask Alexa about that.
We probably get four deliveries a week from AMZN not to mention the books on Kindle and the music.
I’m sure you have countless examples as well about how technology has changed your world.
It is different this time. This is round two of many more to come.
The first round was full of excitement and hope but with relatively slow changes in how tech effected our daily lives.
Round two is also full of excitement and hope but with much faster changes in how tech is effecting everything we do. I do Facebook. I Tweet. I text. I Facetime. I Uber. I am becoming a serial online shopper but I still like to go out and have a really nice meal…if you are in Old Town La Quinta go to Fortun’s for the best hamburger I have ever had; The Tavern Burger.
Expect the rate of change in our behavior to accelerate. Be prepared to be amazed. How brilliant was Jeff Bezos to name his little bookselling company AMAZON? Wow.
Be prepared to load up on more tech with future pullbacks. Choose your entries wisely. Be prepared to be wrong. I can help in these two important aspects of investing. It’s what I do.
On another note…there is some big money going in to financial stocks due to the softening of regulations under the current administration and how the Federal Reserve will use their broad mandate to grade the banking stress tests with more leniency.
I think it’s a bit early to jump on that band wagon but I do have my eye on it.
“Alexa, what is a good entry point to buy stock in Amazon.com Inc?”
She doesn’t know yet but she will know soon, I think. What she really needs to learn is when to sell. I think I could teach her that too and then she could improve on it.
Hold all recommended open positions. The vast majority of them are ripping higher.
The fun is about to begin. Obama’s rally was paid for with debt. Trump’s rally will be paid for with cash.
These are just my opinions. What is most important is price action.
Trade Smart,
Don