As time delays the inevitable,
the stock market in the US becomes more risky by the day.
Look at what happened to Amazon's stock on Friday.
The stock lost 7.5 % of it's value overnight 272 points, billions gone, simply up in smoke
after the company reported 2nd quarter earnings that" beat" Wall Street consensus by get this, 20 %
Why such a plunge then in the face of so much good news ?
Well the new CEO was conspicuously absent from the call after the release,
and the CFO made mention on that same call that Amazon's "online sales are slowing"
Heaven forbid.
You mean after the supposed end of the pandemic quarantine in the US in 2021,
people aren't trapped in their homes any more,losing the vested pent up interest to buy something online ?
If this can happen to one of the strongest stocks in the US market over the past year
where the tune of multi billion dollars, can vanquish on a dime,
it kinda makes you wonder how the overall US stock marke might react to really "bad news"
House of Cards ?
It's the ruse that's meant to catch the majority completely complacent
just like majority of Amazon shareholders were on Thursday, just before the semi crash market reaction on Friday.
THE_UNWIND
7/31/21
Woods of Connecticut
the stock market in the US becomes more risky by the day.
Look at what happened to Amazon's stock on Friday.
The stock lost 7.5 % of it's value overnight 272 points, billions gone, simply up in smoke
after the company reported 2nd quarter earnings that" beat" Wall Street consensus by get this, 20 %
Why such a plunge then in the face of so much good news ?
Well the new CEO was conspicuously absent from the call after the release,
and the CFO made mention on that same call that Amazon's "online sales are slowing"
Heaven forbid.
You mean after the supposed end of the pandemic quarantine in the US in 2021,
people aren't trapped in their homes any more,losing the vested pent up interest to buy something online ?
If this can happen to one of the strongest stocks in the US market over the past year
where the tune of multi billion dollars, can vanquish on a dime,
it kinda makes you wonder how the overall US stock marke might react to really "bad news"
House of Cards ?
It's the ruse that's meant to catch the majority completely complacent
just like majority of Amazon shareholders were on Thursday, just before the semi crash market reaction on Friday.
THE_UNWIND
7/31/21
Woods of Connecticut