Market now in a serious speculative mode trying to lure retail money in for the last final kill
bubble stocks including this one, are all created by FED, will deflate faster then you think, only idiot whould pay even 120 for this stock, but hey so far it's been working like in BIDU for years, till music stoped, stock market is masking the reality in the economy.
Don't fight the FED. Another $85 billion wall of cash will hit the bond market this month. Much of this must wash into the stock market, S&P500 PE is only 18.5 (23.2 for inflation adjusted 10 year average earnings). I think I'll stay in this market until it becomes a bubble (2 standard deviations above 10 yr average earnings PE ratio) - i.e. 10yr avg PE of 28 (now that's what a bubble looks like). Local bubbles (like LinkedIn) don't count in my book.