What the Pros Say (Amazon, Bitcoin, AI & Investing Post-Tax-Reform)

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Amazon. A technical but interesting piece by Benedict Evans.

Bitcoin. "Chaos Proxy."

Artificial Intelligence. Wall Street is effed. And, generally speaking, "There's going to be huge displacement," says Mark Cuban (video).

Investing. Stanley Drunkenmiller has some thoughts (video) about the markets today including, among other things, how "monetary radicalism" has created an environment for sh*tshows like Steinhoff International Holdings (owner of the ubiquitous Mattress Firm), Bitcoin, and the hunt for yield. And Jeffrey Gundlach thinks that junk bonds are going to be the victim of unintended consequences of the tax plan (video). Of course, this may increase the likelihood of default and spark more bankruptcy filings.