Death of the American Dream as a big bubble readies to pop
By SHAWN LANGLOIS
MarketWatch.com
May 4, 2015
Retail appetite for risk may be drying up, if last week’s unsettling action in the sexy social-media corner of the market is any indication.
Sure, Friday ended with a strong push for the major indexes, but that didn’t erase the sting of a stretch that saw 20% post-result drops for Twitter TWTR, +0.55% LinkedIn LNKD, -0.44% and Yelp YELP, -1.23%
Broad market bellwethers they ain’t, of course. That doesn’t, however, mean this double-digit blip should be shrugged off like a wayward Pacquiao punch. When the frothy names get rocked, market mood tends to change. It’s too early to draw any ghastly conclusions, but given the palpable sense of investor uneasiness lately, weakness on the social landscape bears watching.
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