agip wrote:
MessageGOOG up $100 in around 5 trading days - 20%. that's around $30 billion in market cap in a week.
not sure what to say - 30 billion is the size of viacom or csx and google just added that.
is this bullish or bubblish? I don't know. but wow - what a company to grow liek that at its size.
Tech stocks up 6% in the last 6 trading days. I think I'll take it. Maybe the thing to do is wait for the S&P to get to 2150, take profits, and do it over and over and and over and over and and over and over....
About the Chinese market..,,, Valuation for Shanghai (NOW) vs. S&P:
http://assets.bwbx.io/images/iRoSj8CtZU_w/v1/-1x-1.jpgShanghai Crash compared to 1987 and 1929:
http://assets.bwbx.io/images/iqxiIqy6yx8Q/v1/-1x-1.jpgI don't know how many here have been at this long enough to actually remember the 1987 crash, but before CNBC and IBD, in Los Angeles we had KWHY channel 22. I remember one particular commentator, who was a stock broker, talking about "investors unlucky enough to get through to their broker so they could sell at the bottom." I remember back then a bunch of people predicting the end of the country, and depression worse than 1929, etc. But if fact, 1987 was a BUYING opportunity, and it was a MARKET event, not an economic event, and everything people outside Bloomberg and Goldman-Sachs are saying now about China, they were saying then about the US then.....and they were totally wrong.
If Shanghai does follow the 1987 analog, the retest of the lows will come just before Labor Day, and I will go long if it occurs.