Six months ago, investors bought Facebook for $370. Now they are selling Facebook for $170, with a P/E ratio of 13. Is something wrong with Facebook or the investors?

by Howell–Jolly

As Warren Buffett said, “The stock market is the only market where things go on sale and all the customers run out of the store.” Six months ago people would have been throwing their life savings into Facebook if it suddenly dropped to $200 and now they run from it at $170.