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I agree with you on that aspect and don't get me wrong I trade AMZN and make money all the time with it. My contention is more the danger of the current thinking to the health of the market and the economy. Take a comparison of equity held in net stocks versus companies like GE etc. Now, if something major happens at least there is an intrinsic value with GE and other where you can come in and say, "well, I could liquidate this or the current income flows justify a price" But, with all the money going into hopes and dream stocks, what happens then. There is no value on these, which creates such a huge bubble that people would get killed. As more money flows in here and more IPO's come out with these types of valuations, this could create a very dangerous problem in the near future. Plus, you know as well as I that until they can delivery good to my door the same day at a reasonable price, ecommerce will never take over traditional commerce routes. What I see happening, is that traditional companies such as Wal-Mart etc will merge their online with their physical location to make it one seamless solution. That is the future. Bottom line is the " I want it now" mentality is built into consumer behavior. It is novel now that we can buy over the net but the ability to buy over the net and get is immediately will be the holy grail for ecommerce co.'s and only Wal-Mart and others have the ability now to provide that. Hmm maybe that is the next step for these companies. The purchase of an fed ex. so that delivery could be the same day. Then I would be a believer. But, then again costs would prohibited and they would lose more money. But then, hmmm, that aint stopping the stocks anyway.LOL |
