It can’t be just me that reads a line like this …
It’s been less than three weeks since Xero’s valuation passed through the $3 billion mark.
[Now it’s $4 billion]
… and thinks, Hmm. Bubble-ish?
Click to read at NZHerald.co.nz
I’ve got no insider or any other knowledge of the Xero company nor do I own any shares in it, nor its competitors.
I remember someone years ago asking me: Would you ever buy a stock at its all-time high?
Hmm. Probably not, I replied. Cautiously, maybe.
Well if you wouldn’t, you would have missed out on a ten year bull run on Microsoft shares, he said.
Oh.
– P
My view (i hear you cringing already…) … the 2008 shit-hits-fan isnt over. We are simply in the eye of a hurricane. There feels to be no real ‘substance’ or ‘meat’ to this tissue paper thin economy we now live in.
People think its over … it isnt. One might also posit that the only likely solution is some sort of armed conflict of some sort or other.
A centrally controlled totalitarian economy holds all the “paper” for serious US Debt … “now people …. tell me whats wrong with this picture” (waves cigaretteless fingers in the air after leaving avatar pod….)
Its all just a house of cards….. matter of time….
I feel like its 1914 all over again …
Well, right through $4bn to $5bn …
http://www.stuff.co.nz/business/industries/9370876/Xero-now-a-5-billion-company