Michael Hiltzik: Is Amazon heading for world domination, or cruising for a bruising?
If you're a stock market watcher, you already know that Amazon.com reported a blowout first quarter on Thursday, sending its shares rocketing higher by more than 4 percent Friday and inspiring financial analysts and economic pundits to predict even more gains ahead.
One even predicted that Amazon, with a current market capitalization of just over $763 billion, could be the world's first trillion-dollar company. Its shares would have to rise only by another 30 percent - and given that they've risen 33 percent this year already, who's to say no?
Mm. We'll see. The current atmosphere of euphoria around the
