With AMZN’s Effortless Recovery, the Smart Money Is Ready to Rampage

Not that the stock market’s omnipotence needs to be affirmed by some indicator, but with Amazon’s resurgent shares once again nearing exit velocity, there will be no stopping the bulls any time soon. We’ve long treated the retailing behemoth as the most important bellwether of them all, since it is not just a bag of hot air like so many other companies sporting valuations of $20 billion or more. Amazon is about as brick-and-mortar as they get, with warehouses and shipping infrastructure that blanket America, and nearly 350,000 employees. The fact that the company keeps plowing all its profits into building an even more efficient and dominant network has always been the ostensible reason for analysts’ regularly recurring doubts. Those doubts are pure theatrics, however — a brazen ploy to coax the stock down whenever it gets too pricey. Of course, the $35 dive on February 3 was just another brazen shakedown by DaBoyz.  The fact that it has been recouped in a mere six days with nary a pullback (see my AMZN tout and chart at bottom) suggests that the Smart Money is once again ready to rampage.