Holy Jebus Google Stock hits $700.00 per share

I thought that the Google stock had to top out at 3 or 4 hundred dollars. Apparently the $700.00 price proves I was wrong. What I wonder is why does it keep climbing? Are Google revenues still climbing that much? They aren’t doing that much more now than they did when they went public. Why is it still forecasting such growth? I have heard that stocks don’t represent present or past revenue and growth they represent what these forecasters and market traders think will happen over the next 6-12 months. So what’s in store that drove up the share price $100 bucks in less than a month? I work with google media and I have no idea. they lost out on facebook ad serving and selling and adwords is getting too expensive for some small and medium size businesses. And some forecasters still think it will hit $900 by years end in 2 months. I can’t possibly see that as a justifiable price. It so buzzy though and it does drive all other online media to be perceived as more successful right now. Is it a bubble ala 1999-2000 all over again? I am not sure, but I personally think there will be another recession around 2010. The old 30 year boom bust cycle has been condensed into 10 years by companies shortening the lifespan of products and maximizing their growth methods to grow revenue the same amounts in less time than it took pre- internet. If it becomes less than 10 years in each cycle it will be a really scary roller coaster ride. So lets not be all speculative and buzzy about everything on the net. Look at what drives revenue and converts into sales and don’t take too much buzz into account as far as what media to buy and what companies to invest in.

Housing Slump

I am getting more and more scared of this housing slump. Don’t get me wrong, I am in my place to stay and have not entertained any thoughts of moving to a more appropriate living space since this all started this summer and I will be in my current condo until it is most likely paid off. In fact I am trying to get to the point where I can double my payments to save a boat load of mortgage interest by paying it off early. 

This mortgage blog that says they have free mortgage quotes has news and articles about the housing bust and has a tough love view of the market. They say it is good that people are loosing homes that are not in a position to pay them off or make payments and that this is a natural adjustment process in the economy. I don’t agree with that.

I think that the Realtors and banks should have to deal with the penalty of not making as much money now that they pushed the boundaries so far and offering fixed rate refinancing to people who can’t afford these balloon payments is a good thing for the economy and helps them learn their lesson, because they created this problem. You cant plaster every surface with ads and run TV commercials 24/7 on every home makeover show there is and say it’s the consumer’s fault.

The Realtors, banking, finance and housing guys pushed too hard and got people to sign on to bad lending deals that are impossible for anyone to pay. And they thought they would get away with it? That it’s ok? They should be responsible for cleaning up the mess. It’s their problem.