June 12 9 am eastern time

Markets were down sharply on Thursday as the S&P 500 fell 5.9% and Toronto fell 4.1%.

This is not exactly shocking given the huge run up and given the unemployment levels. But optimism remains and the futures are higher this morning.

The report for Amazon is updated. The update used a price from Wednesday. Amazon always looks expensive based on earnings but its massive growth has made it a winner.  And those who bought and held in the past have certainly done well.

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