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Re: Earnings math (and more)

getn...@gmail.com

mac.be,

this is nothing like bubble days. go back and look at the average PE in
tech/internet stocks then compared to now. furthermore, the average
investor had more than 1/2 of their portfolio in tech/internet stocks-
even the pros got iresponsibly overweight. is there over-valuation? in
some pockets, yes. can tech correct to the downside? most probably. is
this a "tech bubble"? no way.

people point to GOOG targets of 600+ as proof that things are going
crazy, but GOOG makes $$$. the 400+ targets in the bubble were given to
companies that weren't making a dime.

also, the crescendo was the AOL/time warner deal (done in stock
mostly)- nothing like that is on the radar. and don't forget the sock
puppets- they are a dead give away (that's a joke- i doubt any PR/ad
firm will ever again propose to a client "hey, u need some sock
puppets."