Q. Can you make sense of this? How is it different than so many of the dot-com companies of the late 90s early 2000s. They are still trading at 1500x earnings...I think Walmart and apple are significantly better plays than amazon long run. Also when will the S&P correct itself? Pre or post 1800sA.
http://www.cnbc.com/id/100740062
with respect to SPY...
market may have begun a corrective phase in spite of the fed. very difficult for the market to decline when the fed wants it to go up. do not fight the fed! the risk of pricing the market well in excess of underlying fundamentals is high. but maybe inflation and technology and USA energy independence will trump fundamental near term analysis.
