I've been bullish on stocks for a while. I look at top line government spending, NOT the deficit. If you've been looking at the deficit and been all bearish on the economy because the deficit has been shrinking over the past four years you got KILLED if you shorted stocks on that premise.
I look at topline governemnt spending and I have been fooling around now with year-over-year percent change comparisons. (But don't tell anyone.)
Anyway, this is completely aside...NASDAQ added $60 BILLION IN VALUE today...in ONE DAY!!
$60 billion in value in one day. And not only that...the Google boys, Sergei and Larry, both added $4 BILLION to their net worth in ONE DAY.
A coupla things...
$4 billion is a huge number. If you had a total net worth of $4 billion you'd be set for life and your progeny, set, for generations to come.
But to just ADD another $4 billion--like that, poof!--that's starting to get to crazy land. I mean, what changed between yesterday and today that Larry and Sergei are suddenly such new geniuses?
Yep, things look like they are starting to get into crazy land. Manhattan and San Fran real estate, wealth of these tech guys. Google's a freakin' adverstising platform for goodness sakes. How big is the whole advertising industry, anyway?
Crazy land.
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