All it took to get the market back to flat for the year is negative EPS growth (down from +12% forecasts), no Fed hike ever, moar ECB QE, moar negative rates, and moar China rate cuts.

I see Bezos is another $5BN richer or whatever, because the company made $80M, nearly $20M more than expected.

AMZN trading as if it will be getting Net Profit Margins like Tiffany, LOL

Re AMZN.  Seriously, AMZN trading as if on next year's projected revenue it would have net profit margins of 8% on $130B which would award it a ~27 PE

 

For reference:

 

WMT  3.19%

M         5.08%

TGT      -1.23%

GAP      6.95%

JWN (Nordstrom)    5.22%

TIF       10.58%

To our point, it is refreshing to hear this guy :

 

finance.yahoo.com/ne...1.html

 

On a different note:  JNPR did well last quarter.  The Datacom segment of Telecom is and should continue to be very strong.  ALU has a decent presence in it