>>>there are many many reasons (I just gave you 5) why the market should be going up<<<
it's called the slope of hope dennis.
but you got no pump, where is the upside volume, it took a ho lotta 2 billion share days to pump it up to 5000, and record liquidity pump by the fed into 2000 and margin buying and record inflows into the march top, now equity inflows and volume are on the decline and insiders are selling.
As i posted on this thread a week ago, the breakout rally last week i believe was a bull trap and a failed inverted H&S pattern on the nasdaq, these happen in bear markets, like they happen on the inverse in bull markets.
and paaaaaaallllllllllleaaaaase hang your hat on something other than amazon, it's not a technology company, it's a retailer, selling a low margin product, the hype and bubble that put the pump in amazon, is burst.
nobody is going to make microsoft type margins in b2b or b2c, this is a no-brainer, thats why infrastructure has been getting all the play lately, most of this initial crop of b2c and b2b may in fact go belly up. Pioneer's are the ones with the arrows in their backs.
Amazon is particularly under pressure here, with a time cover for bezos and a kaboodle of funding, he has had it easy, how will he perform under the gun.
sure amazon has branding, but i don't think internet branding is going to hold up like other famous american brands, like coke, ford, merrill lynch, mcdonald's, etc., i see little possibility for differentiation here, anybody can open another amazon dot com.
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