Finance media is obsessed with arbitrary milestones today, making a big deal about GOOGL’s ascension above the mystical price of $1,000. Just a week or so ago (don’t force me to remember), shares of AMZN broke through $1,000 — which of course means nothing at all. Alas, the catamites at CNBC and Bloomberg felt it necessary to report on these events.
Since it’s a slow news day and I don’t have anything in particular that I want to talk about, I felt I could chime in too.
Apple already split their shares like fucking morons, so they’re not included in this race. Both GOOGL and AMZN already eclipsed $1k, so they have a distinct advantage over the others — but don’t count them out just yet. There are some mean and lean insurance companies making a King’s ransom off the businesses of others. Let’s review the contenders to see who will, in fact, break through the all important share price level of one thousand one hundred first.
Jeff Bezos is now the richest man in the world
Google spies on you daily
Variable annuities, government risk insurance, based in Bermuda. Glorious pirates.
One day they hope to replace all surgeons, relegating them to the repair shop to mend to their robotic limbs.
Insurance for energy, marine and ag. Someone has to make all of the money, why not them?
Everyone is talking about GOOGL-AMZN-GOOGL-AMZN, I figured I’d liven the discussion and bring forth some other companies destined to break $1k to the upside. This has to be the easiest money ever made. Instead of the “100 roll”, like back in the old days — hoping for a play to $106, now we have the $1,000 roll and can maybe play it to $1,060 or more. How deliciously decadent.
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It’s just a meaningless number expressed in fake currency emitted by the usual synagogue suspects at the FED. It’s like a rubber band..how does one measure anything with that as years go by? How about we start expressing values in oz of something real, like gold and silver and then compare equities….like apples to apples and oranges to oranges….you know, compare something real to something real.
http://stockcharts.com/h-sc/ui?s=AMZN%3A%24GOLD&p=D&yr=0&mn=11&dy=0&id=p49000414702
JANET YELLEN IS REAL AND YOU MUST PRAY TO HER…like you mean it
What’s your point?
Multiply the share price by 7 and Apple won the race weeks ago. Too complex for the maroons at CNBC, et al. Interesting that the Big Three arrived at the “milestone” at almost the same time.
If you’ve got $1 billion to invest, you gotta love $1,000 share prices.
$1,000 is the new pip.
GBTC
The global printing press is not working as populism takes over. The game never stays the same.