It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
originally posted by: Nickn3
Amazon has climbed like a rocket since the 2016 election. A correction is long overdue.
originally posted by: toysforadults
a reply to: Mahogany
the Fed is in a bad spot they have to raise rates but they also shouldn't, I'm not saying it's going to crash but I'm pointing out that the rose colored glasses need to come off and people need to see it for what it is
originally posted by: MRinder
I don't think there is a recession looming on the near horizon. Amazon is down because it was overvalued, as well as most tech stocks. I love Amazon and their stock but for craps sake it has never really been worth nearly a trillion dollars, never has been. It will be someday but that is several years in the future. No need to panic. People are pulling out their money partially because they fear a Democrat Congress would increase taxes and regulations and because much of the market is overpriced.
If the Republicans keep control of Congress watch it bounce right back.
originally posted by: Tempter
I'm DOWN 5.6% this year on my 401k.
I'm NOT happy about this.
originally posted by: MorpheusUSA
Well, I remember when the recession was starting, I saw loads of people on the side of the road selling things like a yard sale. It might not be a scientific way to indicate poor economics but it sure was a local indicator. I haven't seen that yet, all I see is heavier that usual traffic the past two years around where I live and people out everywhere. But I don't know if this is a positive thing where people our out shopping or a negative thing where people are unemployed and bored.