$Alphabet(GOOG)$  Guys, do you realise that this stock could realistically be selling at $60-$65 at some point this year?

I know a lot of you think this is not possible, but it is, this price would still only give it a free cash flow yield of 7%-8%, both Microsoft and Apple have traded at higher yields than this in the last decade and Google looks like it is losing its shine, rightly or wrongly, Mr Market does not care. It is also likely that we are entering a new long term economic environment where stocks naturally trade at lower multiples than they have done in the decade that we have just experienced.

If earnings were to continue to decline, this would only make this scenario more likely. All that money in the bank everyone keeps talking about, will be used on share buybacks so that they can pump up the EPS, but it will make very little difference to you if you bought it at a higher price.

Not trying to scare people, just offering a friendly warning. Invest wisely.