AMZN’s Message to Bears

Elsewhere on the home page, I’ve conceded that projecting lower lows for AMZN may turn out to have been wishful thinking.  The stock’s 100-point plunge from a 1083.31 top that I’d predicted to-the-penny here seven weeks earlier had the potential to stop the bull market dead in its tracks. Alas, it’s possible that permabears will get no more relief than they’ve gotten already from Amazon’s weakness over the last ten days. Are you ready for more hand-over-fist buying in this stock and a handful of others that have been leading the charge? Regardless, they could be back shortly, having paused for just long enough to catch their breath.