[borism]

75x trailing earnings in the current economic environments SEEMS expensive to me.

It seems the same to me as well, but markets seem to disagree. The riskier the bet, the more willing today's market seems to be willing to accept it.

[wiredfool]

Netflix seemed expensive to me in the $120+/share range. Even in the $100/share range, it wasn't where I was going to buy.

The market isn't rational, and it's going to be irrational with a lot more force than I can muster.