The new normal is to dump the best stocks, presumably on the grounds that they have the most to lose. Reports that Amazon would compete with FedEx and UPS in the package delivery business first took down the courier companies’ stock price. Then Amazon itself became the worst performer on the day in the S&P 100, and led the broad market down, as the chart shows. Priced-to-perfection stocks seem the most vulnerable.
This time it’s Amazon
A 5% drop in the Amazon’s shares leads the S&P 500 down
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Hopefully this is just the start of a long downhill ride until Amazon changes its evil ways or goes belly up.
The likes of Amazon and Google, along with corrupt establishment puppets in the US government, are a grave threat to the American people and the country’s long term national interest.