[SkyPilot]

Indeed, the Wall Street brokers’ explanation for AMZN’s $250 billion of bottled air is actually proof positive that the casino has become unhinged.

Nothing in the markets makes any actual economic or logical sense anymore. It is all a casino worse than anything Vegas or Atlantic City assembled under the mob.

When it all collapses, no one with any sense should say "I never saw this coming!"

[Wingy]

Today, China's Central Bank put 50,000,000,000 RMB ($6.45 Billion) into their market to prop it up. It "only" lost 1.5% so, champagne all around. This, after making it against the law to sell your position for six months if you are a holder of more than 5% of any company. China has been cooking their books for years and their true growth has been nowhere near what they have been advertising. This is now coming home to bite them.

What is true for China, will soon be shown to be true for US "markets". Don't be standing near the exits. Trampling may be a problem.

[ctdonath2]

“And might we also ask why you would value at $140 billion the profitless sales of an E-commerce monster that just can’t stop spending every dime it takes-in on distribution centers, package handlers, hired delivery trucks and drone prototypes”

Because that profit, spent on expansion, can instantly be redirected to owner’s pockets. Market cap amounts to how much you could profit in 10 years if you bought the company outright. $140B is $14B/yr, a lot but not unreasonable considering Apple nets that much a month.

[justiceseeker93]

Have no stock in Amazon and am not looking to buy.

BTW, the author of the posted piece is David Stockman, who is probably the former White House budget director under President Reagan.