When It Comes to Amazon, I Couldn't Disagree More with David Stockman

Reagan-era Budget Director David Stockman rocked markets Monday with a note to clients calling Amazon.com Inc. a bubble, saying the company is "set for a spectacular collapse." Then he went on to say that a tech crash is "imminent," and that the company most at risk is Amazon because it hasn't invented anything "explosively new like the iPhone or personal computer." Precisely. Amazon is not a Reagan-era company, so measuring it today using criteria that applied 35 years ago completely misses the point - not to mention the profit potential. Stockman has obviously had a long and distinguished career, and I respect his analysis. But I cannot disagree more vehemently when it comes to Amazon. Let me show you why... Tags: Stocks To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post When It Comes to Amazon, I Couldn't Disagree More with David Stockman appeared first on Money Morning - We Make Investing Profitable .