Bobby, askjeeves, quepasa, JNPR, all have left me almost speechless. these are excesses which are peerless in the history of markets. JNPR, a company that is admittedly in an exciting business, had revenues of 13,7M, and a loss of 34M last year. no doubt it is utterly deserving of the 7B market cap it reached intra-day today, since it is not in danger of turning a profit anytime soon. but Russel turning bullish is not enough to stop the mania. we need Prechter, Abelson, Tice and Fleckenstein aboard the bullish train as well, all admitting that they have been mistaken and that stocks have reached "a permanently high plateau" (Prof. Fisher, July '29). i'm wondering why these few remaining spoilsports can not see where this glorious new era is taking us...<g>
regards,
hb |
