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Facebook, Inc. (FB) Message Board

  • mikestarfish mikestarfish Oct 8, 2013 3:24 PM Flag

    Not the bottom.......

    The whole stock market is a "risk on" trade based on loose money and QE. Loose money and speculation is what is pushing the internet stocks up; once you get any type of risk off trade then you will see these stocks get hammered as they are trading at 60 to 100X PE based on future growth. YOu will get no growth in FB if there is a default; you will get the exact opposite...massive cuts in spending and advertising. Monetization of the FB members is what the high multiple is about so any change in consumer spending will result in companies cutting advertising of all forms (print, digital, video, etc).

129.69-1.35(-1.03%)Oct 27 4:00 PMEDT