What about the equipment sector - nothing but warnings quarter after quarter, yet they remain beloved by the market. AMAT and KLAC in particular are extremely overpriced even after warning at every opportunity.
RE BRCM Do these numbers look good to you? Book Value (mrq) $6.22
That $6.22 is all intangibles. As long as Greenie can keep pumping $20 B a week nothing goes down in value. The best parts is companies like EXPE, Dryers Ice Cream, Concord EFS actually get bought out with funny dollars and people have real capital gains to pay taxes on.
We have two alternatives: many more bankruptcies and Pension Guarantee board liabilities or plenty of funny money to go round with a portion of it to hand back to government in taxes.
CREE market cap went up $200 M today on increase of future sales to Sumitomo of $75 M. This type of capital appreciation can go on for a while.
Market Data 
Markets 
AI
