The economy is at the end of its business cycle which is know causing investors to throw out the best social media stock which is Facebook. I was correct to sell it at $107 for a 31% gain. While I was right on my timing on buying and selling Facebook, my decision to buy Twitter was dead wrong. It's time to admit I was wrong and move on. I will be writing about Twitter in the future, but I'll be neutral instead of bullish. The main reason why I was bullish on Twitter was Periscope. This is where my logic on buying Twitter was wrong. Twitter stock will not go up in a time period where its main app has slowing growth even if Periscope explodes higher. Twitter's entire business would change if this occurred. Investors are skittish if the reason why the company earns revenues if completely changed. Snapchat recently had its valuation cut from $16 billion to $12 billion. If the hottest social media company in the world is having its valuation cut, the market is not looking to give a premium to an app (Periscope) which is trying to be the next Snapchat. While I believe Periscope is the next Snapchat, investors need proof before taking that leap. The main question I had to ask myself was, "what will happen to the beaten down stocks like Twitter and oil stocks in a market decline?" The answer to this question has been seen in the first week of the year. The market is going to bring Twitter down along with Facebook even though Facebook was overbought at $107 and Twitter was oversold at $24.