Eugene David
...The One-Minute Pundit

Friday, October 22, 2004


Now that G000,000,000,000,000,000,000,000,000,000,000,000GLE is closing in on $100,000 a share we should entertain all sorts of appalling fantasies -- like a resurgence in the attractiveness of BIGMEDIA stocks. Already the Search Engine with the Infinite Price is approaching Time Warner's and Viacon's market caps. Why can't the providers of America's Worst Blogging Service start thinking of being giants to surpass John D. Rockefeller or Andrew Carnegie? Why not buy two or three media firms? Or a half a dozen newspaper chains? And if they don't want media why not high-tech? Have they dreamed of making a run at BILL'S DREAD EMPIRE OF THE UNTOLD BUGS? Such a thought is preposterous, but Lucent at almost $65 a share taught us in the wonderful world of investment bubbles no psychosis is too preposterous.

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