The Stock Market is almost always a bubble (not because of Obama).?

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Only some stocks are overvalued, such as Facebook, Twitter, and dare I say... even Amazon. Coming from someone who uses their Kindle Fire more than their laptop, and uses the Kindle store frequently, I can tell you that Amazon has been cutting back on the benefits of having their 'Prime' service. Consider that this time last year, Amazon Prime was pivotal to their growth strategy, it's puzzling their P/E ratio would continue to clime, despite discouraging customers such as myself from becoming a Prime member.

As for Facebook, advertisements will always undermine the purpose people use the site. Albeit tolerated, advertisements will always be an unwelcome impediment to communicating with another human being. Currently, the P/E ratio doesn't reflect this, but it will. More importantly, people seem to forget the purpose of investing. Profit. A company cannot profit if it constantly buys companies that are worth more than its revenue. Indeed, there will always be Instagrams, and Snapchats. They may disappear, or they may replace Facebook. Regardless, Facebook doesn't have enough revenue to warrant their purchase.

Then there's Twitter, a quasi-social network, and sporadic news outlet. This company can't turn a profit, despite a surge in advertisements. Given, that the site is barely useful to begin with, clogging it with ads will make it utterly useless.

Suffice to say, despite what P/E ratios suggest, there will be no company with a $trillon market cap. When Apple reached a $500 billon market cap, it seemed like a possibility. Yet, now it's clear Apple reached its limit. The same can be said for Google, which ramped up their advertisements this year, and tried to coerce Youtubers to sign up for Google+.

Indeed, there's a universal law in nature. The easiest way to gain an advantage is to grow in size. Yet, inefficiencies always arise as a result. Inevitably, a smaller, more effecient replacement prevails.