Hopefully, these ridiculous shenanigans with crap stocks like SIRI, CMGI, and ludicrous valuation run-ups like EBAY, GOOG, etc. are coming to an end. At some point, at least a FEW more have to see that they are buying out over 100 years paying the multiples they are (and that's assuming continued growth), while those scaring out of their gold shares will realize that when the $hit hits the fan economically, and even a bitsy, bitty, diminutive, infinitesimal, insignificant, itsy-bitsy, itty-bitty, Lilliputian, little, microscopic, midget, mini, miniature, minikin, minim, minuscular, minuscule, minute, negligible, pee-wee, petite, pint-sized, pocket, pocket-size, puny, pygmy, slight, teensy, teensy-weensy, teeny, trifling, wee, weeny portion of the population begins to move to gold, the value of these companies will rise beyond anything imaginable. Are not ALL the gold companies added together valued lower than many SINGLE companies on the general stock exchange? Does anyone understand that comparison? If that does not show the true GROSS over-valuation of so many companies, then I must be taking too much pain medication.
Needless to say, all the rationalizing and truth and justice and the now, sadly, "un-American" way does not lessen the pathetic pain and irritation of days like the past several. It makes you feel like that old question -- "Would you rather be right or be alive?"
I remain,
SOROS (hanging in there to be RIGHT, but feeling the pain)
ps I see GOOG PE is getting dangerously close to 200. Man, will that trigger some BUY programs to be able to get a bargain like that! |
