AMAT (Applied Material ) is the poster boy for inflated stocks . . .yesterday was selling at 127 times earnings - today it is selling at over 200 times earnings. . . revenue fell from 2.36 Billion to 1 billion, and "profits" were 2 cents a share vs. 19 cents a share! And of course they really had a loss because of a writeoff. . .stock up big time today.
This just proves how deluded people are in buying stocks. Now I know the DOW will crash to 3800 or lower!! Buy gold.