Stock picker's market

Not sure I'd be bearish at this point as what we may be witnessing is more of a stock picker's market rather than the go-go everything goes up all the time type of market we've seen in recent history.  A lot of bears pointing to FB and NFLX but what infected those two did not infect GOOGL or AMZN. Picking the best of the best matters. 

FB has some fundamental issues that were not reflected in the pre-selloff price of the stock. NFLX simply became over priced and at this point, probably still is. NFLX was/is priced to perfection and at this point, the future does not look perfect for them. 

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