/biz/ - Business & Finance

After BP and Boeing abysmal earning results and the gains that followed the day after, I can't say I'm surprised at this clown market.

Was digging a bit on AMZN's consesus estimates for tomorrow and I think Amazon is about to shit the bed at the end of the week. This is because eBay had less revenue from sales than expected and it generally has moved in line with Amazon's Q1-to-Q1 results in this category. Last year eBay had grown 5% vs past year and Amazon 8.5% vs past year. Last year Amazon's revenue was 34b on net product sales and the remaining from net service sales (totalled something like 59b). This year they are expecting to be about 73b but if eBay can give any idea of what to expect, I doubt Amazon can pull out 35b service sales out of their ass.

Still the market is pretty crazy now, so I wouldn't risk shorting it. At least buy some calls to hedge or tread carefully if you want to take some chances.