We mice are simple creatures. We are not too bright at all. Certainly not as smart as your average American. And we look upon your stock markets with both admiration and amazement.

For instance - consider the NASDAQ today:

1. Facebook - down 18.96% (market cap - $630bn)
2. Amazon - down 2.98% (market cap - $887bn)
3. Biogen - down 10.18% (market cap - $78bn)

Yet against this sort of selloff, the NASDAQ 100 is down a mere 1.44%. Legendary! (Though a little on the nose.)

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What amazes us mice more however, is the amount of money Americans are willing to pay for companies in the NASDAQ. Consider the P/E (price to earnings) ratio.

A P/E ratio of 10:1 means an investor is willing to pay 10 times annual earnings for a share of a company. Us simple little mice like to sniff out bargains - we look for companies with a P/E ratio under 10. Or if we feel that there is great growth potential - we might consider up to 20.

Now look at what Americans are willing to pay for stocks in their NASDAQ:

1. Amazon - P/E 293 - they are happy to pay 293x annual earnings for shares in this company. A 293 year pay-back period! Legendary!!
2. Adobe - P/E 55 - 55x annual earnings.
3. Expedia - P/E 65x annual earnings.
4. Netflix - P/E 152x annual earnings.
5. Wynn Resorts - P/E 167x annual earnings.
6. Paypal - P/E 50x annual earnings (and with cryptocurrency hot on its heals).

Legendary!

But the best of all - TESLA - a company worth $50 Billion and it runs an annual loss - Beyond Legendary!!

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We mice raise our glasses now to the NASDAQ and the American Investor. You have stared 'mathematics and sound investing principles' in the face and said... 'F%#k you - we're going to the Moon!'

One day they will write ballads of your exploits, trials and tribulations.