bakedjake - 12:40 am on Jul 18, 2008 (gmt 0)

find it simply amazing that a company drives up sales and profits in the quarter and because someone on wall street says not good enough the shares hit the skids...and we wonder why the financial community is in trouble.

People are speculating that Google will continue to grow at a good rate; that's why they're paying 37 units for every 1 unit of income with GOOG.

If Google shows signs that it is no longer growing at that rate, it's attractiveness will fade and the price that people are willing to pay for one unit of income will go down.

The markets are working.