NOON UPDATE /MORE FACTS

Markets continue in a mixed mode but a little afternoon rally would not be surprising as it happens almost every day.

Sectors winning out today include gaming, internets, semis, tech, airlines, brokers and retail while oils, GOOG, software, biotechs and financials are lower.

Market internals are flat with NYSE +285 and NAZ -140.

Lots of chatter about GOOG and how great the stock is now that it has broken above $500 and trades at a market cap of $150 Billion. GOOG started the year at $417 and change and is up about 22% for the year. Well my money (literally) is on GS, which started the year at $127 and now trades at $200+ which is +57% for the year. Not much chatter about it on bubblevision or anywhere else.

Next year GOOG is forecasted to earn $14 a share and 35x and GS is forecasted to earn $18 or about 12x. Which one do you want?