I’ve never seen anything like it. The mere mention of Amazon eyeing another kind of business can send chills down traders’ backs who might own stocks in that line of business. It seems no one wants to be caught owning the next business Amazon might want to conquer.
As a result, on Tuesday morning, Wall Street traders woke up to something they haven’t experienced much of lately: actual market volatility. One trader posted an image of his Bloomberg terminal at the market opening, which showed an immediate scary-looking plunge in U.S. equities as the opening bell rung. By the end …Read More