The Signal and The Noise
Yet sometimes Blodget the analyst haunts his Slate columns, as when he discusses Chinese stocks ("still miles from cheap") or Google's IPO ("those interested in Wall Street self-defense shouldn't play it").
OK, so his advice on Google's IPO wasn't so hot. But recently, Blodget had a chance to revisit the question of Google's valuation in a story for Fortune. It's kind of a painful read. He doesn't want to be accused of giving advice, but he's called on to write 2,200 words on Google's stock. The result is tortured prose: "I would respectfully suggest that we are sounder of mind in the midst of bubbles than we like to think -- just as we are sane to consider buying Google at $290 or a house in today's frenzied real estate market." What a rotten fate. Now that there is finally an Internet stock that may soon be reasonably valued at $400 a share, Mr. 400 will have to watch from the dugout bench.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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| 12,419.86 | 1,313.32 | 2,837.36 | 16.25 |
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151.91
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