05-22-2014, 01:00 AM
Agreed, and I have no brick & mortar retail in my portfolio, although my definition is not strict. I don't think Amazon will replace groceries and restaurants, so I bought a bit of WFM yesterday after the pullback. I think people like to pick out their own vegetables (I do, at least). I hold CVS, which is expanding into low-level healthcare services. And I own SBUX, which should be Amazon-proof. I will be endlessly amused if I start seeing hot cups of coffee flying around my neighborhood on drones being delivered to people's doorsteps, but I'm betting that will not come to pass.