In a story on MSN entitled "Google’s market cap tops Wal-Mart’s" I see some more of the media’s irresponsible reporting.  One of the reasons that I avoid Google is because of this worship of them that tends to be prominent.  In this story they tell how Google’s stock price has gone to an inflated $600.00.  The story reports that Google’s value based on this ridiculously high stock price makes them more valuable than Wal-Mart.  They even admit that Google’s earnings cannot match the stock price but they find analysts that say it is a good buy.  This is the most irresponsible reporting that I have ever seen.  This is typical of why people lose out in the stock market when there is a down turn.  The media reports when stocks are at record highs in a way that is so enthusiastic that uneducated people want to buy in at record high prices.  They never tell both sides of the story such as "Never buy high" because you WILL lose when the price goes down and it will.  When the prices go down, they report about how people are losing money in their 401k’s and retirement.

You would have to be an absolute idiot to buy Google stock at $600.00 because it is way over priced.  Right now the media is is Goo Goo eyes for Google so the price will stay high for a time but they will inevitably go down and way down at some point.  You  just look at history and you will see that Tech stocks always do.  As soon as the new car smell wears off, and a new toy comes out, they will eventually go down.  I guarantee it.  Need I bring up America Online (AOL)? Their price in the 90’s reached a point that the stock price split three or four times.  Now look at the value of the company.

It is this Google worship that I see in the media that makes me not want to use them at all because I do not want people later to say that I was one of the band wagon people.  There is nothing more nauseating than watching people throw away all common sense for something like this.  If you really look at Google, you will see nothing spectacular.  Their search results are not that earth shattering.  The only really amazing invention that I can see they have created is Google Earth.  I must admit that it is an amazing program.  Google Talk is substandard at best.  Most people that brag about Google is the nice clean page.  Is that all?  You can find a nice clean page http://www.live.com, http://search.yahoo.com, http://www.ask.com/, http://www.altavista.com/.   The Blogger web site is a nice product as well but hardly worth $600.00 stock price.  This Google worship is laughable and I am amazed every time I see it. 

I really have nothing against Google themselves but I do have a problem with followers and that is exactly what is happening here.  This story is a prime example of it.  Even in their own story, they are admitting the company’s earnings are no where near the value of the stock price but that it is a good buy.  They further say their value is higher than Wal-Mart even though it is twenty times larger than Google.   It is sort of like trying to reason with a child that has just learned about smoking.  You could be talking to a wall and get the same results.  This web site as well as my computer are Google free zones.