“Amazon.com Inc posted its most profitable quarter ever on Thursday but the world’s No. 1 online retailer still managed to disappoint Wall Street by badly missing estimates, sending its shares down more than 13 percent in after-hours trading.” — See also ZeroHedge on this subject. To us, this signifies a definite turn in market sentiment (were the FANG stocks are no longer the golden children); confirmation that we are indeed in a bear market…
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