It seems to me that Wall Street and all the clowns that make outrageous amounts of money there, really don't have a clue about what's going on. Today, Amazon posted a huge increase in quarterly earnings, but because the operating margins weren't through the roof, the stock got hammered. I mean what did those clowns expect. It took Amazon years before it started to show any profit at all. Jeff Bezos made no bones over the fact that he was prepared to wait years to do that while he concentrated on building a huge customer base. And he did exactly that. Amazon, with impressive results in the first two quarters of the year, said third-quarter net income more than quadrupled to $80 million, or 19 cents per share, from $19 million, or 5 cents per share, a year earlier. Revenue rose 41 percent to $3.26 billion. The results beat average Wall Street estimates of 18 cents per share in profit on $3.13 billion in revenue, according to Reuters Estimates. Operating income rose to $123 million from $40 million, above its own forecast for a range of $75 million to $110 million. Which leaves me scratching my head and wondering what the clowns on Wall Street were expecting!
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Personally, I think Wall Street is a load of bull!
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