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  • investor7809 investor7809 Feb 27, 2013 10:18 AM Flag

    AMZN is down past 5 sessions.. Its going go up today.

    AMZN is down past 5 sessions.. Its going go up today.

    Sentiment: Strong Buy

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    • Geez.... let me guess some 'bots ripe with Bernanke bucks just showed up?? - PJ

      • 1 Reply to pjlouie13
      • PJ:

        I warned that POMO + window dressing would prop the markets and Amazon. Having said that, it is falling short of GeeGee's hopes. At some point, the public will get very angry because of the pain it feels while Bernanke gives free trading profits (this isn't investing as I've said... more disconnected from investment valuations everyday -- AAPL/AMZN and WMT&TGT/AMZN).

        The public knows intuitively that the Fed is inflating bank earnings (today via POMO trading profits and in the future on interest on excess reserves). The Fed Chairman is using omission to avoid lying. Byfocusing on timing, he hides the arbitrage profits that are being handed to the sector when the eventual impact and thus wealth transfer are clear even today.

837.31+8.26(+1.00%)Sep 30 4:00 PMEDT