Yeah, the $3T the FED printed is accomplishing its purpose of keeping asset values inflated. That being said, remember when everybody said Facebook was overvalued, every time they had a funding round? Well, they never really traded above ~17 times 12 months forward revenue (Not including secondary market trades or Microsoft's strategic investment).

2004: $100,000 line of credit from Dad when accounts were frozen. 2004: 10x. Seed. 1st ads in May generated ~$2,400 revenue. In June, Thiel invests at $5M valuation; 2005: 17x. A. $6M rev at a $100m valuation; 2006: 10x. B. $52M run rate on $525 pre money; 2007: 100x.C. $150M revenue at $15B valuation; 2009: 13x. D. $750M revenue at $10B valuation; 2010: 17x. E. $2b revenue at $35B valuation; 2011: 30x. F $3.3B run rate on a $100B valuation; 2012: 23x. IPO $4.2B revenue on $100B IPO valuation; 2012 17x Post IPO $4.2B revenue on $68B market cap at sale; 2012 6x Post IPO $7B (2013) Revenue on $40.7B market cap;

*Note: Not including Microsoft's strategic investment, and Secondary market trades