Bookraft

The headline on Fortune Magazine is :
Google: Is this company worth $165 a share ?
Google is currently trading at $322 - and that is down from $620 from earlier this year. THIS IS THE DEFINITION OF A MARKET CORRECTION. But the PE ratio is nearly identically the same, 21 times earnings. So this is the DEFINITION OF A SMART INVESTMENT 4 YEARS AGO. In 4 years the stock has doubled in value even after a 47% downward correction in the PRICE. Now buying just 4months ago at $600++ per share was a dumb investment. In the stock market, "all things are relative", is the operative theme.