tag:blogger.com,1999:blog-2335748440449035592.post1219704630207833641..comments2008-10-27T14:27:36.648-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2335748440449035592.post-8655072010040457722008-10-27T14:27:00.000-04:002008-10-27T14:27:00.000-04:00Backlogs just don't seem to matter to investors. Reading NOVs CC transcript this weekend and I was struck by the size of the backlog that they expected to at least keep steady and the fact that they have sizeable deposits. Just get the impression the markets think the global growth stocks were at 2000 like tech bubble levels and that growth can't continue, yet places like India have hardly built infra yet and Brazil still has a huge home shortage. Crazy. Will we look back 2-3 yrs from now and see these stocks up 500%?Stonefoxcapitalhttp://www.blogger.com/profile/00583540825602471042noreply@blogger.com