After beating estimates on its most recent quarterly earnings,
The company seems to be hitting on all cylinders.
People laughed at its cheap Chromebook, but the under-$300 laptop apparently did very well over Christmas, and now
(MSFT - Get Report) OEMs like
(HPQ - Get Report) are rushing to suppport it,
It's at times like these that my spidey-sense starts tingling. Not everything is good for Google. The tax man cometh, especially in Europe. The anti-trust battle isn't yet over, because the European fat lady has yet to sing. Microsoft Bing is not dead, and Marissa Mayer is doing interesting things at Yahoo! (YHOO - Get Report). The cloud may sound nice, but the price war with Amazon.com (AMZN - Get Report) can't be helpful. Sure, others are getting hurt worse, but margins have to be thinning.Google, in short, is priced to perfection. Perfection does not exist. If you look at annual numbers, Google's top line continues to march along smartly, doubling since 2009, but bottom line growth is slowing, mainly due to the Motorola acquisition. And isn't Google still involved in patent litigation over Android, for which it's already paying Microsoft per-phone charges and for which it might have to pay others, like Apple? These are not huge problems. But Apple didn't seem to have huge problems when it rolled over either. Its price peaked at over $700 a share just as the iPhone 5 was introduced. The company accelerated its product introductions right through its fall, and even announced record results for the December quarter, resulting in a collapse of 10%. When they decide they don't love you, they don't need a reason. (I'm old enough to remember when people loved Nickelback. Now,