From $2,700 to $3,700, Amazon took a year; from $3,700 to $2,700, Amazon took 4 months. The rate of decline is always fast.
Amazon currently trades at 41 times earnings, with a market cap of $1.38 trillion, and operating income has grown 21% year over year.
The Nasdaq is still down sharply today, what do you think will happen tomorrow?
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