THE BULL

So MSFT buying YHOO and the stock trading up near 30 will send the HHH up about $6 as YHOO is about 20% the ETF. GOOG getting slammed after dissappointing the street and is anyone shocked that the stock is way down- just about all stocks that dissappointed in the slightest and have had good runs have been crushed. And was the barron's article on market caps any more of an indication of where GOOG was going?

Hopefully, no one is surprised that all of a sudden there is demand for equities. Come on, with SPX now projecting $99 for 2008 earnings and the PE at 14.14 and the 10 year Bond at 3.63% - where is the value. Yes the $99 number may be optimistic but even at $90, its still a PE of 15.5 and with with rates low and earnings looking up going forward (after 2008) - one should want to own equities for the long term. And of course since they have done nothing over the last 7 years- all the more reason that they should do pretty pretty well over the next 7.

Vince - any comments?