It seems that this December will be the best December for the NASDAQ since the bubble years…
Hmm… No problem here…
Amazon PE = 82.98
Google PE = 40
Apple PE = 33.73
RIM PE = 20.36
Outside of RIM the valuations are just as bubbly! 83 PE for Amazon! Yeah yeah Cramer said this was a bargain, but let’s be real its not a bargain!
The stock market is in a bubble folks…
I am not saying that you should not buy stocks. But let’s be real, valuations are quite pricey here.