BALs

I’m not sure betting against AMZN is a good idea. They just announced their first original series, a la NFLX, and they still continue to punch big box retailers in the face, repeatedly, at will. While it’s true, they aren’t a cash cow, per se. It’s also true that whenever Jeff Bezos retires, I am sure AMZN’s profit margins will explode. He’s a genius, but a spendthrift.

If I was shorting this market, there are dozens of other stocks worth betting against–instead of AMZN. How about some Chinese accounting frauds, or maybe a tech stock trading 20x sales instead?

Futures are soft this morning; but no one really knows what’s going on. Seriously, I can’t remember the last time so many people were confused about the near term fate of the market. Back in the Bernanke days, we knew, without a doubt, there was a bid in the market. We knew stocks would go higher. Now with this Yellen character, it’s like the Fed is a comedy show. No one takes them seriously and their tapering project is viewed by just about everyone as “tightening.” You people are out of your god damned minds. I swear, the whole lot of you are in need of a mental illness health plan.

Pardon me, as I’m just a little frustrated holding onto my big ass losses (BALs).