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Bill Miller on why the worst is over for stocks and Amazon's a buy

Legendary investor Bill Miller, in an interview with MarketWatch, expressed optimism about the stock market, stating that the worst is over for stocks due to the Federal Reserve's actions to support the economy amidst the coronavirus crisis. Miller believes that the Fed's interventions, including cutting interest rates to near zero and implementing quantitative easing, have set the stage for a recovery. He recommends buying Amazon, citing its strong position in e-commerce and cloud computing, and suggests that the stock could double in value over the next five years. Conversely, Miller is not as bullish on Tesla, arguing that the electric vehicle maker's stock is overvalued and that the company faces significant challenges in scaling up production and achieving profitability.

Read the Full MarketWatch Article at:
[ https://www.marketwatch.com/story/legendary-investor-bill-miller-on-why-the-worst-is-over-for-stocks-amazons-a-buy-and-tesla-isnt-6413161d ]