The Bankwatch

Tracking the consumer evolution of financial services

Is the stock market telling us the obvious | industrial revolution has arrived

The economy is all we think about at the moment.  I prefer to see this as a systemic shift in business, with old business disappearing and a better system appearing.

A company I have watched since internet appeared in a big way is Amazon.  Quietly they re-invent things, starting with books, moving to other consumer goods, then to virtual storage, virtual servers, and virtual databases.  More recently the Kindle.  This is not a co-oncidence.  There are no Amazon stores. They are a genuine internet company.

Anyhow, I plugged into Google Finance with Amazon, eBay, Dow, Borders (just in case it was a book thing) and Bank of America. I mapped this from 1999.

The graph looks like there are only two companies – no – aside from ebay and Amazon the others are all in that dark line at the bottom.  They don’t even show on the scale alongside the first two.

We are in an industrial revolution here – the other companies are relegated to dead according to the market.


Relevance to Bankwatch:

How much of this is recession versus a restatement of businesss, as business 2.0.

Written by Colin Henderson

February 24, 2009 at 20:52

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