What subject could be more relevant to our economy than the stock market? It's just crazy that the talking heads say "a thousand points down." The last time they said that the market was a couple thousand points. It was a crash! Today the market is a thousand of points down. (Or whatever, I'm not going to update this topic in real time.) A thousand points is nothing. They should be discussing percents if they want to compare today vs. historic markets. The MSM are stirring the stick, feeding the monster. It's a big story if you count in points. Not so big if you count in percents. The MSM counts in viewers, their market is delivering advertisements. Myself, I'm still up a couple hundred points on Amazon and that big beautiful lady has dropped only two days IIRC since "the crash." Today I am arraying my forces to follow that fundamental key to success in the stock market: "Buy low, sell high." To me a down market is not a sea of red ink, it is an opportunity to buy at the ground floor. The only difficult part of this equation is to tell when that elevator opens its doors on the lowest floor it will reach. As far as Amazon I'll probably still own my AMZN 10 years from now. That lady is my financial BFF. It is inconsistent with my world view that AMZN could ever be a bad deal. There are only two prices for AMZN: good and better. I am seeking that signal that tells me "better." Berkshire Hathaway still looks like a good deal although I think I may be down a bit (I haven't looked). Whatever Warren Buffett is doing, he knows far better than I what to do. Anyway compared to Amazon BRK.B is a small component of my strategy. By the way look at the A shares and you will understand why I bought B shares. I think the equation is 1,000 B (non-voting) shares = 1 A (voting) share. Like I want to vote when Mr. Buffett is the captain of the ship? I think not. Following the above we come to PayPal. There is a coming war between crypto-currencies. Think block chains. Think of other contenders. My confidante told me to look into X but unfortunately I cannot remember what X was. I'll have to phone him today and ask him to remind me what X he referred to. Both Apple and Amazon appear to be getting into the crypto-currency game. I cannot make up my mind what role PayPal will play. PayPal is the biggest question in my portfolio. Finally we come to Apple. Apple was I'm pretty sure my poorest stock market pick, but there is a simple fix for that. Sell it. If it's red then sell it at a loss. Turn it into cash that can be better applied to buying a winner: more AMZN. I should have thought it out further. Apple was doing well with the introduction of the iPhone 8 and 8 plus. Then they made two major blunders. The first was the introduction of the iPhone X on the heels of the 8. Talk about a recipe for fratricide. Apple was so stupid as to compete with itself. They deployed their X troops in the wrong place, much the same as Hitler opened a war on his eastern front with Russia. That is what lost Hitler the war, and the same mistake may lead to Apple's comeuppance. Apple will introduce their new product, the Apple HomePod, this Friday February 9th. They should have been flogging their troops to introduce this product on November 9th, not February 9th. They poured their engineering energy into the X, a product that kills the iPhone 8 and 8+, when they should have poured their engineering energy into the HomePod, a product that kills the Amazon Alexa. Stupid, stupid, stupid! You have to understand that Amazon's huge (historic) profits, the same ones that buoy AMZN far above the bear market (AMZN still down but not compared to the rest of the market). What will happen to Apple's stock on Monday the 12th? Yes, that is the question. Will it be a case of road kill bounce? One last flop as the tires run over a dead animal, a flop that could be taken as a sign of life? We all know that road kill is always dead although it can present the appearance of life given half of 18 wheels running over the corpse. Strangely, an up signal on Monday may be the sign to move my Apple $$$ into Amazon $$$. Apple, too little too late. Yeah, sure, HomePod will be a success. Apple enthusiasts like me would buy them... except I've already totally embraced Alexa. I haven't remarked on the subject but I have been transforming my home to embrace voice control. I can even turn on/off my gas fireplace by mere voice orders. I ordered my coffee before I got out of bed. The downstairs lights were on when I came downstairs. If Apple had introduced HomePod in November they would be killing Amazon Alexa instead of killing their iPhone 8 and 8+. Apple was 90 days late and who knows how many dollars short. I have an old iPhone which works fine. You know what engineers say: "If it ain't broke, don't fix it." I'm not in any market for a new cell, but I had occasion to linger at both Apple and Amazon on Sunday, ample time to compare the 8, 8+ and X. Ha! You gotta be kidding me. What idiot would buy an 8 when for another $300 you can have a screen size almost as big as the 8+ in a package almost as small as the 8? By the way the Apple engineers were clever in providing the earphone slot IN the screen (almost) by having a notch for the earphone then using the screen area on either side for the time and signal strength indicators, freeing the rest of the screen for actual content. But Apple killed their 8 sales by introducing the X on the heels of the 8. They had their engineers working on the X when their engineers should have been working on introducing the HomePod to debut in time for holiday sales. Apple behaved almost imperially by introducing the X (was that for some Apple anniversary?) when they should have introduced the HomePod, and launched their war on Alexa. I'll call that hubris. I'm looking to sell my AAPL on the road kill bounce and buy a winner: more AMZN. Suzy makes a prediction: mark AMZN today then add two years to today's date. I predict that on Feb. 6th 2020 AMZN will be trading at double today's price. By the way, not that it belongs in this topic, but I can't decide where else to post it, as probably an orphan post: read but no replies. I awoke Sunday and pissed off because of my experiences with my recently purchased iPad mini 4 WiFi model. Maybe it's Apple slowing down older iPhones, maybe the limitation was always there, but for whatever reason the "use your WiFi pod via your cell's hotspot" thing doesn't work. Well it works but it works poorly, particularly streaming live video from your home when you are out an about. (Think Amazon Cloud Cam, think Ring door bell cam.) If only more life's problems were this simple to solve! You silly, just throw money at your problems that are amenable to such treatment. I awoke early and by the time the sun came up my online order was ready for Apple employees to populate the store later in the morning. At some point I noticed I had a text that my order was ready to pick up at my local store. I drove over and picked it up. I don't understand why I had to wait 30 minutes for a transaction that would have taken 5 minutes in Best Buy or Home Depot. That gave me ample time to compare and contrast the 8, 8+ and X, and fuel for my comments above. By 1 p.m. my new iPad mini 4 worked just fine with no WiFi hot spot needed. I simply moved my old iPad retinal's cell access to my new mini. No cost difference to my 3 GB shared data plan. I had originally intended to eBay the old mini which cost $350 and what would I get for it? I have this cute easel and decided to set up the old mini next to my Alexa Show, and leave the mini on the AMZN stock channel. Back to stocks, my confidante predicts more blood on the tracks for about a week, and then a slow recovery. He predicts trouble ahead around the mid-terms, stating that if the Democrats wrest seats back from the Republicans there could be dire consequences for the stock market. If you like to worry about things that will give you something to worry about. My prediction about AMZN's double in 2 years future is null and void if the Dems get a house back. If they get it my stock won't double.