Google exceeded expectations today with a quarterly profit of 200 million plus and revenue of over a billion. The stock jumped 9% on the news.
Despite the good earnings, Google is either going take over the world or there are going to be some people getting burned on that stock. I don't know if it will happen when employee stock becomes available and the market is flooded, but I'm guessing there will be a major correction in less than a year. The stock currently trades at over $200 which is irrelevant but the price to earnings ratio is huge at around 65. I believe the S&P 500 average is 15.
disclaimer: I do not own any shares of Google's stock.