The Last Bubble Standing——Amazon’s Same Day Trip Through The Casino

Right. Amazon is the greatest thing since sliced bread. Like millions of others, I use it practically every day. And it was nice to see that it made a profit—-thin as it was at 0.4% of sales—–in the second quarter. But the instantaneous re-rating of its market cap by $40 billion in the seconds after its earnings release had nothing […]
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