William, never in my life did I expect I would see companies selling at P/sales of about 60! Wow, that's higher than any damn p.e.,I guess value playing is out,and contrarians are dead(except me). This is total momentum,and short squeezing,like oranges in Florida.
This is really fun to watch,since I have no stake, I think I will go 100% cash,and just watch the action. I am down to one long,thats it,and no shorts.
Well, what happens in a recession when ad revenue decreases? Newspaper ad revenue got killed in many a recession,what will happen to yet unproven internet ad revenue in a recession?
What will happen when the favorite bar shifts from YHOO to CBS marketwatch or something else?
This is like watching Studio 54 in its heyday,really hot,orgies everywhere. Well this is an orgy of greed,by the same people who had the sex orgies in the 60's and 70's. Here,here to the great and mighty Baby Boomers,changing housing in the early 80's,changing financial markets in the late 90's,as they get ready to retire,with big fat wallets.
The next thing is where do they spend their retirement hoards?
Probably taking around the world cruises?
Hiram |
