Hey some people can't get it. They sat there bearishly watching many of the greatest opportunities pass them by. Sure google may disapoint in a year or two, but currently there the hottest company out there.
Reread this post Sparohok, its dated from 10/27, GOOG was at $353 then, $418 today. Thats why people trade, because they have a divergent view on what market is pricing in. The market was 'right' on 10/27 in repricing GOOG upwards to fair value, and this process continues still, although we are rapidly approaching upper bounds of fundamental models based on current information.
I agree, and a pessimist will always be one. It is like a perrenial bear, no matter how well the economy is doing he will find a reason to be bearish. The way to make money is to see it from both sides, where as some people can only see it one way.
In 1992 the LA Times called Hussman "one lonely, raging bull." His fund has outperformed the S&P by 18 percentage points a year since its inception in 2000. Whatever you think of his GOOG call, he has earned his bona fides, and not just by predicting imminent doom. Martin
This argument is rarely used properly. Whenever someone makes a downward turn-around, a few people always jump in and call them bears and that they should go with the market and not miss opportunities. I have no reason to believe that anyone here (on this thread) is a bear and bear alone. I am trying to predict googles downfall because I think it will happen and I want to be there for it. But I have also been gaining from the otherside. RT
I agree with you, but some of the bear arguments border on ludicrous. At hussman's 30 dollar target then it would be worth 8.8 billion.