Zeev's Turnips Patch-No Politics (ZEEV)

[crusader4truth]

The intoxication of the QQQ culture still lingers. Historically, it takes the second or third leg down in a secular bear market to fully cure that intoxication, and we're not there yet. Today, instead of WorldCom there is Google.
Google is priced so that it discounts the next 2000 years worth of earnings. Google is worth about $25 a share. eBay is trading at 17 times sales, which assumes a gigantic earnings growth rate for a million years into the future.
The average investor doesn't realize that, and they still want to play these highly speculative vehicles.
http://online.barrons.com/article/SB111058573828677567.html?mod=b_this_weeks_magazine_main