Triple Trillion$

And so we turn on the TV one more time
And we see that everything is fine
--Flesh For Lulu

With Google (GOOG) recently crossing the $1 trillion market cap threshold we now have three stocks now worth at least that much--the other two being Microsoft (MSFT) and Apple (AAPL).

Theoretically, what this means is that each of these companies is valued to return $1 trillion to shareholders over the course of their operating lives on a discounted cash flow basis.

Will these be one of those data points that, when we look back on this period, will seem an 'obvious' indicator of how stretched valuations have become?

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