regardless of what they buy or what they pay. In the New Accounting Paradigm they can now write off all kinds of expenses as 'one-time "items" ' for years, if not decades. They can write off chronic former expenses as New Paradigm 'restructuring' costs. Acquisitions in the New Accounting Paradigm result in all revenues of the purchased company going directly to the bottom line while more than all costs and expenses of the purchased company become zero or even negative 'items'. One of these days a company is going to buy itself out so that it can declare all of its expenses as "one-time 'items' " for its remaining existence. Non-GAAP, ex-"items", currency-adjusted (but only when the dollar is strong) 'earnings' have become such an accounting mirage that they shouldn't even be reported any more.
We have not nor will we ever enter a bear market. The Federal Reserve is standing ready to ensure that the stock market increases in value to ensure that the wealth of the middle class and of Main Street are increased. We are the reserve currency of the world. The Federal Reserve is the protector and defender of middle class savers and of fixed-income retirees, and the stern, unbiased, uncorruptible regulator of the TBTF banks.
The Nasdaq won't go down more than a few percent in my lifetime. It took almost 100 years, but the Fed has finally figured out how to protect our stock markets without ever creating another bubble. The last 1,000 point Dow recovery was proof that investors understand that the Fed will sustain the stock markets for generations without any more downturns. Although I wouldn't recommend more than 20% margin, I think that all investors must be fully invested in stocks, preferably internet stocks. The stock market is a foolproof way to make a fortune now that the Fed has taken all risk out of it. The new methodologies for calculating earnings are additionally very encouraging, as is the Fed's ZIRP policy, which makes buybacks dirt cheap for our companies. It just doesn't get any better than this. This is the New Paradigm. It's different this time!
Aren't they expanding out of China to avoid the US tariff? This is very expensive but in the long run will allow them to compete with FSLR and SPWR in the US, who also manufacture overseas in Asia outside China.