Most investors tie up their capital in stocks that they think will continue to be bid up in price so they can some day monetize their investment by selling to others who will pay a much higher price. Yesterday on CNBC, to hear the pundits, analysts and talking heads slobber over a falling GOOGLE stock price was most entertaining.
They all claimed to know the "value" of Google shares with their valuation measures and how the company will fare going forward. It made for great entertainment. It feels like 1999.
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