“Investors sure are antsy to start trading Twitter stock. No wonder: social media is red hot. I just got a marketing email this morning touting the track record of ‘the only Social Media ETF,’ ticker: SOCL. Apparently, it has outperformed the S&P 500 threefold in 2013. What’s the driver here? It sure as heck isn’t fundamentals. Facebook sports a P/E ratio of 211x, and LinkedIn 646x. Groupon is losing money. Yet it’s worth about $8 billion. Those nosebleed valuations would make the dot-com era darlings jealous. I’m sure their potential is breathtaking if they can execute. But that’s a big if. Remember what happened the last time investors ascribed triple-digit P/E ratios based on potential alone?”
http://www.caseyresearch.com/cdd/why-you-should-triple-check-the-ticker-before-buying-that-stock
Tip Freedomwat.ch Staff with Bitcoin