Is Google the new Bubble?
Google’s share price on the Nasdaq rose another $2.18 to close at $293.12 on Tuesday, an all-time high. Stock market analysts have suggested the stock could go as high as $325 or $350 a share. -Reuters
This begs the question of, is Google the new tech bubble of 2005? According to the Reuters article, Yahoo as one of the big Internet media competitor, carries a market value some $27 billion less than Google.
Don’t get me wrong, I am a huge Google fan, but is this real? I am a HUGE CNBC fan, and many shows that I watch see Google going higher and higher.... However, it does alarm me a little. Maybe it is just because I did not jump in on the IPO auction, I could still be bitter about that!