Interesting Chart

If you ever had any doubts that inside information drives the stock market, allow me to dispell them with this handy dandy little chart:


For those of you unfamiliar with these type of charts, allow me to explain. This is the weekly stock chart for Amazon, who released it's earnings report yesterday. The blue circle in the middle of the chart is what the stock has been doing (around 45) over the past several weeks. The top blue circle is what the stock did last week, around 55. The bottom square blue box is the amount of trading volume in the stock last week ... huge by comparison to other weeks.

Amazon's reported earnings were exceptionally good ... well above expectations. This chart would suggest that "someone" knew what the earnings were going to be ahead of time and "traded" on the news before we regular schmucks knew about it.