This has definitely been a great year for social media stocks. One look at the ETF symbol SOCL shows they continue to break away, virtually unabated (LNKD notwithstanding):
The longer-term chart shows the stunning (and a little surprising) upsurge in all its glory.
I personally think this is a (laughable) blow-off top, but I’m not shorting any of these with a ten foot pole. Who knows how long the public will remain infatuated?
