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market technician he ll say the third leg of a secular bull market, the final leg, is when things start getting goofy, when we start forgetting earnings ruth and go to clicks to the web site. $19 billion is a far cry from the $1 billion paid for youtube. the under $1 billion paid for instagram. this is a pritch rich price, however facebook needs to gravitate toward the younger people and make sure they have the loyalty of young people. a lot of people saying facebook is so five minutes ago, better now look at instagram, look at not necessarily another internet.com. the short answer is, i don t know. i don t know how to value this. that s the issue. howl do you value this company when we don t know the earnings and revenue and,, the revenue potential. the analysts did say it was expensive.
stuart: be clear, you know the oil market, so be clear, if you make speculation more expensive you crackdown on speculation, in your opinion does it stabilize or lower gas prices? guest: a it will do is destabilize gas prices and probably make them worse. as a market technician the worse thing you can possibly do is take away liquidity which is what the president is preparing to do by taking it appear you do not have as much of a free market and as many players and you will see worse price swings. neil: stuart: and now the opinion from the national economic council who offers this opinion. guest: he said there is no single silver bullet so i am not going to speculate about this provision or any other provision and the specific impact on prices at the pump. stuart: and not even the guy speaking from washington, dc