Them Analysts

Now believe me when I say, Goldman Sacs is a fine investment firm. But like every other firm, they make statements that are totally ridiculous and you as an investor must not be drawn in and believe these ridiculous statements.

This morning, G.S. put Amazon on their conviction list, which I suppose means they really like the company. Then they came out with the statement that the company can grow at the rate of 20% for at least the next 5-10 years. Holy COW?! You have got to be kidding me. No one knows that or even has an idea what any company can do for more than a year or two at the most and that is usually a guess at the best. But 5 or 10 years!!!

But even more important..remember...it's not what or how the company does that makes a stock move. It's how the market reacts to the stock that counts. Don't buy Amazon based on what one analyst says. Buy it based on supply and demand of the market.