Ebay – the new whipping Boy

  • Posted by
  • on August 24th, 2006

Just like good news seems to beget good news, bad news begets bad news.

Our lovely $345 billion tax gap is now up to the internet retailers and the lower-middle class to bear the burden if the internet tax passes.

Nice. Here is the full story .

Not a fun time these days for Ebay.

In my opinion, the service is best suited for buying anyways and this Ebay storm will pass.

I believe this news is also closely factored into the nasty year that Ebay has had. The news generally breaks with the cycle and I think the down cycle in Ebay is at hand.

Just one idiots opinion though. Long Ebay.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

blog comments powered by Disqus

In partnership with CNN Money Part of the CNN Network