Ah yes, narcissism.....The feeling of thinking you're more important than you really are.....Wow, look at me, I have a Facebook page.
FACT: 70% of the US economy is driven by consumer spending...
FACT: 95% of that 70% is driven by wealthy consumers.....
FACT: Wealthy consumers could care less about Facebook, other than their kids being on the site.
Facebook's IPO price was $38. If it ever reaches that price again, maybe by December 2013, it will hit more resistance than you can ever imagine. That is of course if it ever reaches that price again.
you are completely nuts! Think about what you have just written. Basically you are saying 95% of all spending is driven by wealthy consumers. NUTS! The middle class does probably 75-80% of all spending.....given the middle class is 75-80% of the consumer class.
FACT: You are NUTS!!