Hi Alex...I take a wee bit of umbrage. To wit: ..."you are a perfect example of the bubble mentality being alive and well,"
"Jacques Brel is alive and well and Living in Paris."
But I digress. I called the bubble, 'nay documented the call of the bubble, while it was bubbling.
As to your comment that "in the long term it's ALL ABOUT EARNINGS" I disagree vehemently, fervently, passionately and even vegetatively.
Earnings, [sometimes, rarely] are the driving force for a handful of stocks for a long time. But for most, they are merely one more excuse to buy or sell. You could look it up.
Lee