They get their addicted customers high as a kite. Then they withhold "product" as their customers get strung out. Today, for example, they decide it's a good day to give them a "taste" of the euphoria they crave, maybe pick up some new customers looking for the thrill of easy money. Trust me on this. It will be short-lived. It does not make good business sense to let them "ride that train" for very long.
It went from 5000 to 1250 during the so-called internet bubble and it crashed similarly during the investment banking collapse. Right now it is at 4270. Certainly a long way to go. That would take AMZN down to about 50 bucks.
You are too much hung up on the word "buy" and not enough on the word "sell". "By" the way, when you say "buy" the end of next Wednesday, did you mean to suggest it would be good to be "buying" late in the day?
Some stocks are faring much worse.
They should be touting the labor force participation as a percentage alongside the so-called unemployment statistic and then next to that, for the benefit of the brain dead in denial, the formula for calculating unemployment.
Same theme. What a way to make a living.
Looking more broadly at the market indices $DJI and $COMPX you see the same thing. The inescapable conclusion is that the market is being propped up by entities with massive resources. Who could that be?
Now, it is too cheap to ignore. But the price targets have been cut by a third. Who are they to be believed? Wall Street investment banks have zero credibility.
This market is a gamblers market. Play at your own risk.
Thank you for your latest public service message, but I think they aren't listening.
... the markets would calm down and the world would become a happy place again.