They got caught in the gluteny that was Covid hand outs. People were handing money and couldn't go anywhere so they bought "stuff". Now Amazon has too much warehouse space, etc. But it will even out in the long run. No one is going to stop using Amazon.
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Faang stocks ,TSLA /MSFT since Jan.1

AAPL -20.96%
MSFT -22.81%
GOOGL -26.79%
AMZN -37.56%
TSLA -40.57%
FB -46.10%
NFLX -70.07%
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What's going to be your next adventure after Amazon ?
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6-12 months off and then I need to squeeze 2 years out from somewhere. I'm gonna start looking around October

I actually wouldn't mind working overseas.
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Might be some good gigs in Ukraine. Construction supervisor jobs should be in high demand. Don't go back to China though, I think they'll still be battling new Covid strains and you might get trapped. Good luck in whatever you do, I'm sure a year off is looking tasty right now.
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Yep, that fits per my end of year summary.


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I actually think GOOGL and AMZN splitting soon may be good timing. Those stocks will be reasonably priced now when the day comes that money starts coming back in.

If you just google up "which companies have the most cash" you get:

AAPL
GOOGL
MSFT
Amazon

Those aren't staying down , They're the backbone of investment portfolios.
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If things hold today I will get the first buy signal on my volatility indicator since March on the QQQs. SPYs are close but not quite there.

I am also seeing some positive divergences in other indicators but we still remain firmly in a downtrend
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I'm actually looking at Vietnam. Nha Trang Beach area

Apartment on Beach $350-400 a month :-)
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Good chart action today on both the QQQs and SPYs. Looks like at the least a pause in the downtrend. Not close to calling it a reversal and won't be anytime soon.

I think the freak out over Snap Chat the other day signaled a lot of irrationality in the market. We have the best chart action right now since early March. Some positive divergences on various indicators, volatility is trying to come in and it looks like things like high gas and food prices are starting to put the kibosh on things.

Home sales and the related are starting to take a huge hit which is actually good. High gas prices are doing what the Fed didn't, wouldn't or couldn't do, which is create some demand destruction.
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My brother was telling me last night that when he was in the marines in vietnam the joke was that ." make sure you don't get captured by the women VC because they have orders to rape any and all prisoners"
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Nice! Make sure to try one of those hanging/swinging chair things with the locals. I’ve always been fascinated by the thought of that device.
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:-):-):-):-):-)
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My volatility indicators keep wanting to flash a buy signal, but these 2%-4% moves every day are erasing it.
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Too many talking heads saying the same thing, "we haven't seen capitulation yet..."

They act as if there is some rule that you have to have some form of capitulation. I am not even saying this is the bottom but I am getting more and more convinced that a lot of these talking heads are going to miss the bottom.
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