Cramer said he doesn't mind expensive stocks, but he can't come up with an estimate that makes Baidu cheap. "I know people made a killing on Google. But Internet companies do not grow to the sky. And this is something that should have already been learned."
But he is right!!! Yes he is entertaining.
They HAVE NOT LEARNED, is exactly why you will understand PHASE II of the SECULAR BEAR MKT waits in the wings to remind them again!
When stocks fall from the highs by 20% there will be NO more arguing as to whether that is the case.
Duratek
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