---
title: "100-Day Reading Sharing Plan – Day 58"
description: "Well, CLF's earnings report was also a blow. I bought some shares yesterday. If there's no big volatility, that's it.$Novo Nordisk AS(NVO.US) $Amazon(AMZN.US) $Cleveland Cliffs(CLF.US) 《A Random Walk "
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/38633628.md"
published_at: "2026-02-10T13:52:38.000Z"
author: "[长期主义接班人](https://longbridge.com/en/profiles/16386327)"
---

# 100-Day Reading Sharing Plan – Day 58

Well, CLF's earnings report was also a blow. I added some shares yesterday. If there's no big volatility, that's it for now.$Novo Nordisk AS(NVO.US) $Amazon(AMZN.US) $Cleveland Cliffs(CLF.US)

"A Random Walk Down Wall Street"

1\. Securities analysts always find reasons to be bullish. Traditionally, out of 10 stocks, they would rate 9 as "Buy" and 1 as "Sell." But during the internet bubble, the ratio of buy to sell ratings was close to 100:1.

2\. Online brokerages were also a crucial factor in fueling the internet boom. Online trading fees were low, at least very cheap from a commission perspective. Discount brokers heavily advertised, making investors feel that beating the market seemed easy.

3\. The housing boom and subsequent crash had a much greater impact than any stock market fluctuation. For most ordinary investors, real estate is the largest asset in their portfolio, so a drop in housing prices immediately impacts household wealth and well-being.

4\. As prices fell, individuals found not only that their wealth had shrunk, but also that their mortgage amount actually exceeded the value of their home.

5\. The obvious historical lesson tells us that all excessively booming markets will eventually succumb to the laws of financial gravity.

### Related Stocks

- [CLF.US - Cleveland Cliffs](https://longbridge.com/en/quote/CLF.US.md)
- [AMZN.US - Amazon](https://longbridge.com/en/quote/AMZN.US.md)
- [NVO.US - Novo Nordisk AS](https://longbridge.com/en/quote/NVO.US.md)
- [AMZU.US - Direxion Daily AMZN Bull 2X Shares](https://longbridge.com/en/quote/AMZU.US.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.