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RE: Lions! Retail Getting SLAMMED, Short XRT. By Gregory Mannarino
i guess its ok till there is only amazon left to buy your food from
i guess its ok till there is only amazon left to buy your food from
I wouldn't worry about Amazon. AMZN stock will be trading in the single digits within a year or so. The ONLY Silly Con valley, Cali bubble stock that has a chance to avoid bankruptcy is probably AAPL. But the only reason that is true is becuz AAPL owns $50 bil+ of govmint debt instruments. And govmint debt will be one of the only 2 "safe havens" the world will turn too. AMZN going to trade to a new 52 week high first though. I'm getting ready to turn the markets skyward...probably before the day is through actually.