tech: I can assure you anyone holding AMZN stock doesn't feel like a greater fool: they are up almost 50 % this year
You're only right if you sell before the collapse, otherwise you will be the greater fool. Let's see - looks like no cliff deal - that means $700B per year in new taxes, $400B in gvt cuts, recession, higher unemployment, rating cut meaning higher rates and issue in selling bonds, more FED money printing, dollar collaspe, inflation .... gee, how does that sound for a consumer retail company counting on 30% per annum growth?
"You're only right if you sell before the collapse, otherwise you will be the greater fool. "
Actually, I'm close to the point where I'll be ahead trading AMZN even if it goes to zero. A greater stock the universe has never known.
Much of that Sandy insurance money and government help will find its way to Amazon as so many of the stores and warehouses in that area are wiped out. Between 80 and 100 Billion, oh my National GDP will raise.