The Twitter Effect

The recent decline in Twitter and Amazon have some investors up in arms and explanations are flowing madly in the media.  My take on this is that companies that are based on the come with revenue being the bottomline, not earnings, are facing a big head wind as the FED slowly cuts the funny money flow.

At some point, maybe in five or six years, interest rates will rise, do you want to be owning stock with price/earnings multiples in the stratosphere?

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