MERCK - MRK IN 1999-2000 PEAKED AT 13-14 PSR (price to sales)EDUCATIONAL CHART: HISTORICAL REFERENCE
EUPHORIA is anything more than 10 times sales = you'll see it in Drug Stocks, Consumer Brands, Internet Names, Technology (Semiconductors, etc): I've seen it several times since the 1980's. This just goes to show you what can happen AFTER these extreme valuations - a drop of 70%-90%.
I'll publish another chart in MICRON TECHNOLOGY (MU) and show you the same pattern.
This is EUPHORIA FOLKS - this is what it looks like.
This is exactly what we have in many stocks now across the board in the markets
