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Bernstein Downgrades Amazon, eBay on Macro Concerns

in News on December 19, 2008 at 6:03 am PT

Bernstein analyst Jeffrey Lindsay has cut his ratings on both Amazon and eBay, noting that the large majority of goods on both sites are discretionary purchases, and that–of course–the current environment has people focusing more on worries about unemployment and home foreclosure than spending money on nonessential goods.