Bank holiday today [and I think Memorial weekend in the US] but the other European stocks have declined so I expect a decline in London tomorrow, barring some unexpected, last minute good news [some announcement by an influential body].

One thing that I want to say and it's about Google. I remember pre 2000 and the run up to the tech crash. The benchmark company was Microsoft and everybody thought it could do no wrong. I feel we're in the same situation now but the benchmark company has become Google and the Adsense / Adwords business model. Keep a close eye on it because if it starts to flounder, everything else will come crashing around it. Pull out fast.

The above is excaserbated by herd mentality. Even Yahoo and MSN are trying to build similar platforms either individually or through collaboration.

And then there are the opinion makers. They write for magazines / papers etc but what do they know, they're only journalists with an old fashioned sense of what their opinion should be worth. They're biggin' Google up big time. Sure the stock has risen four fold over the last two years, but does that not sound like an over-evaluation?

It's bank holiday and I ain't sitting in front of a computer. Tomorrow dudes and dudettes.

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