Amazon stock a bubble waiting to burst

by omouggos

For those of you interested in the economy and the stock market, which, to put it mildly, seems to be having a few problems as of late, here is an article that may be of interest. Amazon may be the darling of the talking heads that populate the business TV networks, but according to the rather contrarian David Stockman, Amazon’s market valuation, which has increased by $180 billion in the last year alone, “is just plain irrational exuberance.” To learn more about this bubble which should burst sometime in the future, take a look at Stockman’s article, The Next Big Short–Jeff Bezos Brobdingnagian Bubble.

O Mouggos