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Published On: Sat, Dec 27th, 2014

ROFLMAO Part 2: Blackrock Reports That My Analysis Is Correct – Dave Kranzler

TND Guest Contributor:  Dave Kranzler |

Amazon CEO, Jeff Bezos

Amazon CEO, Jeff Bezos

S&P 500 profits are 86% higher than they would be if accounting standards of the national accounts were used, Pelham Smithers Associates notes. And the gap between the two measures is widening, the research firm finds.  (source link)

So I guess my estimate was off a bit.  I suggested at least 50%.  Blackrock’s source is asserting 86%.  That means that this stock market is BY FAR the most overvalued in the history of this country.  Have fun with that one!

Amazon.con is reporting that it signed up 10 million new Prime members this holiday season.  Doesn’t surprise me.  Amazon subsidized it’s sales with free shipping.  There’s a reason they don’t disclose whether or not Prime makes money:  it doesn’t.  In fact, I highly suspect that Amazon loses a little on every sale.   That’s why it recently had to issue $6 billion in new bonds despite it’s heady sales growth…stay tuned…Amazon is the Ponzi scheme of size and scope that makes Bernie Madoff blush in between his rounds of playing “bridesmaid” in jail.

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About Dave Kranzler:

Aspen1-dave I spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, I traded junk bonds for Bankers Trust. I have an MBA from the University of Chicago, with a concentration in accounting and finance. My goal is to help people understand and analyze what is really going on in our financial system and economy. You can follow my work and contact me via my website Investment Research Dynamics.  Occasionally, I publish on Seeking Alpha too. As a co-founder and principal of Golden Returns Capital, LLC Mr. Kranzler co-manages the Precious Metals Opportunity Fund, a metals and mining stock investment fund.

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