It’s That Time Again

The manic phase is clearly upon us. Twitter is planning in an $11 billion valuation based on quarterly revenue of $168 million and a quarterly loss of $64 million. Amazon surged after hours on yet another loss report, despite losing more money this quarter than last. Ah but Amazon is the queen of Internet 2.0. Give me a break. Meanwhile the economy is quietly rolling over, all talk of tapering has vanished and now even rumors of increased QE are circulating.

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