Nasdaq Down 2%; TWTR up 70%

Today’s headline: Nasdaq down 2%; $TWTR up 70%. Quite the open for Twitter, where the price was driven up even before the stock was open for trade.  Jim Cramer and those on CNBC warned of excessive valuation and “what happens next,” and yes the IPO did close lower from where it opened.

#whatsnextfortwtr?

I didn’t buy any or watch it much after it started trading.  Meanwhile, the market was pounded into the ground like nothing we’ve seen since the Miami Dolphins bullying scandal. 

More later!