Maybe it’s not best to ask online players if online properties are overvalued. But the general consensus, save for an occasional cautious voice, seems to be that the market is bullish, not bubbled. Rational, on the other hand, is an entirely different matter.
Bear Stearns Bullish, Says GOOG To $700
So shares of Google are tickling the underbelly of $600. Big deal. Wait ’til next year, when trading puts a seven in front of those double-zeroes.