Google jumped nearly 13 percent on Friday, the share price that is. Year to date Google is flat, up a fraction really. Amazing. And 150 USD above their 52 week low, around 45 Dollars (less than 8 percent) below their 52 week low. Mean estimates are for somewhere in the region of 34 Dollars worth of earnings and in the next fiscal nearly 40 Dollars worth of earnings. So what do you pay for a company that has grown so quickly? That has proven that they can diversify (and quite quickly at that). Let me put it this way, I would rather be owning Google than some stretched valuation on a new listing of a relatively young business. Still, Google might seem expensive on 21 times earnings. But less so forward, 15 times 2012 earnings. No dividend. That US tax rate needs to be addressed by the law makers. But seemingly those same folks cant put their underpants on correctly.