Monday, July 27

The Amazon.com Bubble!


Anyone watching on the afternoon that Amazon reported earnings saw an immediate jump of about 20% in its share price!

The euphoria (+$40 billion in market cap) was due to a small reported profit when a loss had been expected along with the performance of the company's cloud computing division.

But has all of the excitement exuded by the 'market experts' who are wrong more than they are right been justified?


Read the contrarian opinion written by David Stockman here!

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