Terrific Tuesday – What Could Possibly Go Wrong?

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I love market bubbles – people just lose their minds!

On the right is a picture of Jeff Bezos’ desk, according to the MSM, as they speculate about which company Amazon (AMZN) will buy next now that they have devoured Whole Foods (WFM).  This, in turn, drives the price of these stocks (and their sectors) higher on an endless wave of speculation which then forces companies that are looking to make acquisitions to overpay for their targets – before things get too expensive and pretty soon everyone is buying everyone else.

Exxon bought Mobile, Volkswagen bought Rolls Royce, Equitable Bank bought PCI bank, Bank of America bought Countrywide, Sears bought KMart, HP bought Autonomy, Mattel bought Kevin O’leary’s Learning Company for $3.6Bn – and we’re still suffering with the consequences …

Full story available on Benzinga.com