Bearish on CRM and AMZN

CRM and AMZN have been underperforming the market as of late and are interesting short candidates.

CRM is trading at a PE of 4,694. AMZN is trading at a PE of 93.40.

AMZN's earnings per share are projected to grow at a CAGR (compound annual growth rate) of 30 during the upcoming 3 years.  Using this number, its PEG is currently 3.11, suggesting AMZN is significantly overvalued.

Both AMZN and CRM are due for major corrections.