![](https://investorshub.advfn.com/uicon/491452.png?cb=1557872961)
Saturday, April 25, 2020 12:36:47 AM
I left all mutual funds a few weeks before I made that statement & am delighted I did. Most are down 20-30% (or were, certainly has recovered some short term though that may reverse again quite soon, to be determined!!).
Earnings coming up may be good, I can understand the sentiment of that being the case, but I also think spending has contracted significantly. And I just don't understand, ever, a PE of 90 in a climate like this. Or a book of 18. In a major bull market, perhaps, for a short time. But not now.
I see looming legal problems.
The only conspiracy theory is the richest man in the world running the biggest company in the world with many questionable ethics, including the wsj story yesterday about lying to congress. Most papers today are dirt sheets (that's a wrestling term) but I actually trust wsj quite a bit.
There's other problems as well, with taxes, shipping practices, labor practices, and legally, and I see govt potentially taking significant action that severely changes the landscape.
But that's just my take/opinion.
And if I'm wrong I'll come back and say so next quarter.
But in general I think markets are cooked again, and while this ticker held up quite well the first time, I don't think it will the second go round.
Recent AMZN News
- Norfolk Southern CEO Fired, Ryanair Lowers Fare Forecast, 23andMe Considers Acquisition Proposals • IH Market News • 09/12/2024 10:02:29 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/11/2024 11:07:18 PM
- GameStop plunges 11% on stock offering, DJT drops post-debate, GSK fails shingles vaccine trial • IH Market News • 09/11/2024 10:25:41 AM
- ADDING MULTIMEDIA National Football League and Amazon Web Services Expand Partnership to Further Shape the Future of Football • Business Wire • 09/10/2024 03:23:00 PM
- National Football League and Amazon Web Services Expand Partnership to Further Shape the Future of Football • Business Wire • 09/10/2024 02:00:00 PM
- Amazon Fresh Introduces New Grocery Savings for Prime Members • Business Wire • 09/10/2024 07:15:00 AM
- Broadcom Down 10% Post-Earnings, UiPath Up 8%; Qualcomm Eyes Intel Assets; Salesforce Acquires Own Company • IH Market News • 09/06/2024 11:59:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 08:20:13 PM
- Central Japan Railway Company Selects AWS for Yamanashi Maglev Line to Drive Efficient Operations for its Next-Generation, High-Speed Train Service • Business Wire • 09/05/2024 05:02:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/30/2024 08:26:21 PM
- Intuitive Machines Soars 18% on NASA Contract, Intel Considers Splitting Operations, Dell Reassesses Selling SecureWorks • IH Market News • 08/30/2024 10:00:08 AM
- Big Lots Falls 27%, Considers Bankruptcy; DraftKings Acquires Simplebet, Berkshire Hits $1 Trillion • IH Market News • 08/29/2024 10:06:50 AM
- AWS Parallel Computing Service is Now Generally Available, Designed to Accelerate Scientific Discovery • Business Wire • 08/28/2024 07:23:00 PM
- Stacks Prepares Nakamoto Upgrade, Record Bitcoin ETF Inflows, Semler Scientific Expands Bitcoin Reserves • IH Market News • 08/26/2024 10:35:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 09:18:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 09:09:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 09:02:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:55:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:49:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:42:25 PM
- Form N-PX - Annual Report of proxy voting record of management investment companies • Edgar (US Regulatory) • 08/23/2024 08:21:42 PM
- Cruise and Uber Join Forces for Robotaxis, Alibaba Shifts Primary Listing to Hong Kong, Altria Hikes Dividend 4.1% • IH Market News • 08/23/2024 12:20:26 PM
- AWS startet Infrastrukturregion in Malaysia • Business Wire • 08/22/2024 08:06:00 PM
- AWS、マレーシアでインフラストラクチャーリージョンを立ち上げ • Business Wire • 08/22/2024 04:26:00 PM
- AWS lance une région d’infrastructure en Malaisie • Business Wire • 08/22/2024 12:56:00 PM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • ELMGF • Sep 10, 2024 11:00 AM
Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM