Can someone explain to me why the market is being so bubbly about google (yes, p... | Hacker News

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		psbp on Feb 7, 2014 \| parent \| context \| favorite \| on: Google Passes Exxon to Become Second-Most Valuable... Can someone explain to me why the market is being so bubbly about google (yes, pun intended)? I'm just not seeing over $1000 being the long, even for google.

encoderer on Feb 7, 2014 [–]

They're sitting on a huge pile of cash. Back that out and look at their forward P/E. It's reasonable.

There is no reason Google shouldn't be over $1k. Except that 4 digit numbers feel big. Which is probably one reason they're doing a split.

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