Business

For years, shorts would tear their hair out quarter after quarter, when AMZN would continue to bleed cash with relentless abandon, only to see the stock soar after earnings. Now, in what may be a perfect poetic symmetry, following the quarter in which Amazon's free cash flow soared to the highest in years, printing at $7.3 billion, or more than triple the year ago period...

... on margins that are becoming respectable on both a quarterly...

... and LTM basis...

... The stock is crashing by 12% at this moment:

Submitted by Lance Roberts via RealInvestmentAdvice.com,

The Potential Of A Policy Error Has Risen

Yesterday, the Fed clearly showed they are trapped in their decision to raise rates. Despite an ongoing deterioration in the underlying economic and financial market fabric, Yellen & Co. stayed firm in their commitment to a gradual increase in interest rates.

Did The Fed drink the bull's liquidity milkshake?

Chinese stocks were ugly again...

In a disappointingly familiar (and entirely unsurprising) case of deja vu, SEC Chair Mary Jo White raised the specter of Wall Street taking advantage of greedy mom-and-pop investors once again.

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

Two days ago, I published a post explaining how the super high end real estate bubble had popped, and how signs of this reality have emerged across America. Here’s an excerpt from that post, The Luxury Housing Bubble Pops – Overseas Investors Struggle to Sell Overpriced Mansions: