David Stockman Weighs In On Amazon’s Quarter, Calls Bezos A ‘Shark Jockey’

David Stockman Weighs In On Amazon’s Quarter, Calls Bezos A ‘Shark Jockey’

By David Stockman as originally published on Contra Corner and reprinted here with permission Wall Street has now truly jumped the shark---the one jockeyed by Jeff Bezos. Thursday night Amazon reported a whopping 41% plunge in free cash flow for the March 2018 LTM period compared to prior year. Yet it was promptly rewarded by a $50 billion surge in market cap----with $10 billion of that going to the guy riding topside on the Great White Shark of Bubble Finance. That's right.
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