Google, here is a company that if you thing about it, its whole infrastructure could be recreated for less than one billion dollars. All of the stock is valued at over 129 billion dollars.
It doesn't really make much money, because if it did, it would pay a dividend.
Creative accounting? Maybe, but where is the income stream? I really don't think that it is there.
What do you call these investors? If you combine the two words google and idiot, you get google-iots. Best spelling I can offer is Googleiots. This would be defined as a person who will buy anything on the hope that it goes up forever. There has to be an end to this outrageous price, it certainly doesn't seem to be in the reality of the present time. So I guess that it can be said that we are in the midsts of Googleiots trying to sell to the greater fool.
What is the stock really worth, about $8 bucks a share. A reality check tells you , that if you are buying toilet paper for $2,000 a roll, you will find a cheaper source for the purchase of toilet paper.