No no, not drones, not shipping to centers before customers buy, no no. The tall tale being told: that the brick and mortar retail sales numbers were sooooooo bad because Amazon drank their milkshakes. The truth: Amazon's sales were OK, but not as spectacular as the unwashed masses expect. And even worse, the economy is now slowing, so forward sales will be worse.
The man is remarkable.
A new theory of financial evolution will emerge--survival of the best story teller, not the most profitable.
I'm voting thumbs up.
Yes indeed. Mr. B is a master of stories. And his new theory of financial evolution will change everything: the fittest companies are those who tell the best stories.
In the past few years, every major Amazon selloff has quickly been reversed, and new highs made. Many investors have been conditioned to expect this and therefore "buy the dips". However, I believe this time may be different, and it is probably unlikely that Amazon will make a new high anytime soon. A 30-50% correction has probably started.
Greenspan was tested with the huge 1987 stock crash right after taking office. Bernanke was tested with the 2008 financial collapse. Janet Yellin may be tested soon.
Or did he. A Barrons article says he wasn't there. Correct me if I am wrong.
I would avoid it for now. Buy it at $36-37, if it gets down there.
The message boards were really bad today.
Someone fouled up.