iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,433 Blog Posts

Long Amazon Into Earnings

I hate the market but I do believe there is an opportunity to play the Amazon earnings after the close. The premise goes as follows:

Microsoft already reported their earnings and their server business was strong. It would be shocking to learn the catamites at Mr. Softee were taking share from Amazon’s AWS.

The Mall is more than dead. Amazon continues to reduce the necessity for brick and mortar stores. In the future, we’ll live in cubes and rarely if ever remain in the real world, instead opting for the meta verse, whereby Amazon will deliver goods to us there too.

Finally, I am bullish on looting. Following the George Floyd riots of 2020, America made it a policy to never prosecute looting or looters out of fears of being called racist. Because of this, the worst elements of black society regale these new dictates as license to steal and make it a point to do so with rapacious fervor. The stores call it shrinkage and said shrinkage is up more than 100% since then and this trend seems to be growing in volume and audacity. These goods are not tossed into sewers after acquired, but instead sold on Amazon and Ebay via 3rd party sales. People with established Amazon accounts connect with the looters and make then their vendors, enjoying the margins and life in general — offering wares to Americans at slightly less than retail prices.

Everybody wins but of course the malls, integrity — and law and order. Who needs to be bothered with such things in a latter stages of Pax Americana?

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