Valuations matter: Big tech stocks represent 25-30% of the #SPX500 . Doesn't matter how much money is on the sidelines. Buying stocks at these multiples makes absolutely no sense. #debt 

AMZN - 138X
GOOG - 30X
NFLX - 97X
MSFT - 34X
AAPL - 29X
FB - 32X

https://t.co/JvwwoUnS88