Old Faithful

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Obviously the talk-of-the-town after hours is Amazon, which is, as of this moment, up over 16%. It’s a foregone conclusion that AMZN will have a market cap of over a quarter trillion dollars tomorrow, which is a lifetime high.

The funny thing is how Amazon has been consistently the butt of the “they’ve never made a dollar” jokes. What’s incredible to me is, over the long haul, what a steady performance this stock has been. There are utility stocks that have had wilder rides than this one which, over most of its lifespan, has had a relatively steady ascent (and this chart doesn’t even take into account the amazing pop it’s going to see at the opening bell tomorrow).

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