Redid the Amazon math scale...ready Amazon is up a gigantic $360 in the last week or about 17% Doing quick math that if Amazon continues on this trajectory that by December 31st 2020 Amazon will have a screaming value of $7,600,000,000,000 498,000,000 (outstanding shares) x 360 = $179,000,000,000 $179,000 000,000 x approximately 36 weeks left in the year gets you approximately $6.4 trillion in added market cap on top of the $1.2 trillion it already carries, so a combined value of a $7.6 trillion dollar company. The numbers are absolutely mind-boggling. What I'm saying is that these gains are literally impossible to continue on the upward trajectory that Amazon has been climbing. There is no way a single company can be worth 38% of our national GDP!!!!!!!!!!
It is a spike but not trend and can not be projected as a trend for long run. Amazon jumped because now it has no competitors plus specific unusual conditions. Won’t work this way.
Not good at all for those hoping to get back to work. Looks like another stimulus is headed towards Washington New York and other East Coast states extend shutdown of nonessential businesses to May 15, Gov. Cuomo says https://www.cnbc.com/2020/04/16/new...tial-businesses-to-may-15-gov-cuomo-says.html
MARKETS Hedge fund Elliott says stocks could fall 50% from February highs PUBLISHED THU, APR 16 20209:58 AM EDTUPDATED 2 HOURS AGO https://www.cnbc.com/2020/04/16/hed...could-fall-50percent-from-february-highs.html
They really need to stop with this $2 trillion dollar infrastructure garbage. Its been talked about for years. The roads bridges and all the infrastructure around the US has completely fallen apart and little to nothing is being done, it should have taken place when each project needed care but nope, nothing gets done and if $2 trillion is passed you will lucky if more than 1/2 goes towards infrastructure. No one will be allocate that money to each project down to every penny. That kind of money always goes somewhere else.