Finally! Amazon is unstoppable!
http://www.cnbc.com/2017/05/30/amazon-shares-hit-1000.html
http://www.cnbc.com/2017/05/30/amazon-shares-hit-1000.html
Amazon shares break above $1000 for the first time ever
- Thread starter Michael J. Fletcher
- Start date
Totally true, I believe this is just the beginning of the rally.
The markets love key, round number psychological barriers.
So from a more investing viewpoint, I would have to agree with you
I saw something this weekend that suggested 6 or 8 percent of all the retail sales were done by Amazon. That's amazing.
And it is only going to go higher if Sears and JCP etc...go out of business.
One thing that is often overlooked though is the growth of VISA and Mastercard. Everything bought on Amazon is done with a credit card or a debit card, both of which are back my VISA or MC.
If Amazon grows, so do MC and VISA.
http://www.zerohedge.com/news/2017-05-12/how-amazon-killed-department-store-five-charts
And it is only going to go higher if Sears and JCP etc...go out of business.
One thing that is often overlooked though is the growth of VISA and Mastercard. Everything bought on Amazon is done with a credit card or a debit card, both of which are back my VISA or MC.
If Amazon grows, so do MC and VISA.
http://www.zerohedge.com/news/2017-05-12/how-amazon-killed-department-store-five-charts
It is even more painful (for not being in it) when you consider the splits. http://www.investopedia.com/article...-you-had-invested-right-after-amazons-ipo.asp
We need to break through $1000 again as soon as possible.
Looks like we haven't really conquered $1000.The markets love key, round number psychological barriers.
So from a more investing viewpoint, I would have to agree with you