I just want someone to short Amazon and make a ton of money doing it. Amazon has been on a decade-long bull run and it's about time Bezos invests some of that money in another market, (let's say, the cryptocurrency market!) and we see Amazon fall from grace and correct (while the crypto markets soar!). Come on Bezos, do the right thing and spread the wealth!
I'm guessing by now Jeff understands markets and will be looking for somewhere to move his wealth; and when he does, expect Amazon to take a dive and revisit levels its not seen for a few years...I'd like to see it retest ~$500, but that's the bear in me getting hungry.
In all seriousness, the only way Amazon can continue this ridiculous climb is if they either a) take over the world or, b) take over the world....Really though, how high can Bezos run this up before bringing it back down to Earth?
See the crosshairs? I'm thinking we'll see a similar pattern emerge and watch some slow downward chop for the next few years, followed by a retest of highs (which should be abruptly denied) and then move into a classic markdown phase. Will this happen? Who knows. Let's see.
I'm guessing by now Jeff understands markets and will be looking for somewhere to move his wealth; and when he does, expect Amazon to take a dive and revisit levels its not seen for a few years...I'd like to see it retest ~$500, but that's the bear in me getting hungry.
In all seriousness, the only way Amazon can continue this ridiculous climb is if they either a) take over the world or, b) take over the world....Really though, how high can Bezos run this up before bringing it back down to Earth?
See the crosshairs? I'm thinking we'll see a similar pattern emerge and watch some slow downward chop for the next few years, followed by a retest of highs (which should be abruptly denied) and then move into a classic markdown phase. Will this happen? Who knows. Let's see.