The New York Times ran a story in its Sunday business section that reinforces the point I’ve been making about the massive valuation discrepancy between Amazon (AMZN) and Google (GOOG). In a story called The Human Touch That May Loosen Google’s Grip, Randoll Stross, a professor of business at San Jose State University, points out:
Profit margins […]

Amazon (AMZN) rose 4.6% yesterday, hitting a seven-year high of $73.65.  The reason for the surge - Jeff Bezos announced that the company plans to increase its investment in China, where its Joyo.com unit is Amazon’s fastest growing business. After a quick look at the most basic facts, you’ll see why this is completely insane:
The Wall Street Journal […]